News
US airlines see record holiday travel even as airfares climb
A daily average of 2.9 million passengers will travel between Dec 19 and Jan 5, up 1.5% from a year earlier[NEW YORK] US airlines expect to ferry a record...
India’s RBI to inject 2 trillion rupees via fresh bond buys, US$10 billion in FX swap
This is to offset the cash drain from its US dollar sales in the currency market to support a weakening rupee[MUMBAI] India’s central bank announced fresh measures aimed at...
Apple, Google and others tell some foreign employees to avoid traveling out of the country
Big Tech companies, including Apple, Google, Microsoft, and ServiceNow, have warned employees on visas to avoid leaving the country amid uncertainty about changing immigration policy and procedures. Following an...
Australia central bank saw risk of rate rise in 2026 to contain inflation
Core inflation rose to 3.3 per cent in October, taking it further above the RBA’s target band of 2 per cent to 3 per cent [SYDNEY] Australia’s central bank...
Wall Street climbs as tech rebound gathers momentum
[NEW YORK] US stocks rose on Monday (Dec 22), kicking off the holiday-shortened week on a positive note, as technology stocks continued to rebound from last week’s sell-off, while...
Larry Ellison offers US$40.4 billion guarantee to beef up Paramount’s Warner Bros bid
[LOS ANGELES] Oracle co-founder Larry Ellison will provide a personal guarantee of US$40.4 billion in equity financing to back Paramount Skydance’s all-cash US$108.4 billion bid for Warner Bros Discovery,...
SingPost’s 2024 fraud incident allegedly involved e-commerce shipments bound for Canada
[SINGAPORE] More details have emerged about Singapore Post’s (SingPost) parcel delivery fraud incident that came to light in 2024. The Business Times understands the major client involved was Cainiao,...
Oil prices gain on US interception of Venezuelan oil tanker over weekend
OIL prices climbed in early trade on Monday after the US intercepted a Venezuelan oil tanker over the weekend.Brent crude futures rose 44 cents, or 0.73 per cent, to US$60.91 per barrel...
AI model developer MiniMax passes Hong Kong stock exchange listing hearing
CHINESE artificial intelligence (AI) startup MiniMax has passed a Hong Kong stock exchange listing hearing, according to a stock exchange filing on Sunday (Dec 21), with sources having earlier...
Fed’s Hammack signals holding rates steady for months
FEDERAL Reserve Bank of Cleveland president Beth Hammack said she saw no need to change US interest rates for months ahead after the central bank cut borrowing costs at...
