News
ECB holds rates unchanged, offers no clues about next move
The ECB halved its key rate to 2% in the year to June but has been on hold ever since[FRANKFURT] The European Central Bank left interest rates unchanged on...
DoorDash plans to test drone deliveries in San Francisco warehouse
Food delivery app DoorDash is setting its sights on a new destination to test out flying drone deliveries: San Francisco.The tech company leased a warehouse in the Mission District...
Deutsche Bank hires trio for Asia Pacific credit trading, sales
[HONG KONG] Deutsche Bank hired three for its Asia Pacific credit trading and sales desk, underscoring high demand for staff, as finance professionals shift among banks in the region.The...
Rivian lays off hundreds of employees ahead of the end of EV tax credits
Rivian has laid off about 200 employees as the electric vehicle maker prepares for a U.S. economy with fewer incentives to go green. The electric truck and sport-utility vehicle...
Alibaba is No 1 for China traders ploughing HK$13.5 billion in stock
Published Mon, Sep 8, 2025 · 04:07 PM[SHANGHAI] Renewed optimism over Alibaba Group Holding’s potential in artificial intelligence has turned the stock into Chinese investors’ favourite investment.They bought a...
Indonesia bonds set to extend edge over India on rate-cut bets
[JAKARTA] Investors are favouring Indonesian sovereign debt over Indian bonds in the contest between Asia’s two traditional high-yield markets. Analysts say the trend has room to run.The yield gap...
Opec+ set to raise oil output further from October: sources
[LONDON/MOSCOW] Opec+ is set to agree to further raise oil output on Sunday (Sep 7) while probably slowing the pace of increases from October compared with recent months because...
Don’t be fooled by gold’s recent gleam
Will gold keep running? It is outshining most liquid assets in 2025. Up 20 per cent through Aug 22 and 56 per cent since the end of 2023, its...
Meta’s backstop is linchpin for US$26 billion AI data-centre deal
[NEW YORK] When Meta Platforms turned to lenders to secure US$26 billion in debt funding for the construction of a sprawling new data centre, one key detail made all...
Top Trump crypto backer Justin Sun says his World Liberty tokens ‘unreasonably’ frozen
[PARIS/BOSTON] Justin Sun, one of the biggest known backers of US President Donald Trump’s World Liberty Financial crypto venture, said on Friday (Sep 5) that his tokens connected to...
