News
Wall Street subdued at open as investors eye policy outlook; Oracle slides
[NEW YORK] Wall Street’s main indexes were subdued at the open on Wednesday (Dec 17) as investors searched for fresh clues to gauge the outlook for monetary policy, while...
At a Silicon Valley summit, robots fold laundry—and investors open their wallets
Robots from around the world converged on Silicon Valley to provide a glimpse of a potential future.Two robots picked up T-shirts with orange-tipped claws, then neatly folded and piled...
Bank Indonesia keeps rates steady, focuses on rupiah stability
The bank also leaves its deposit and lending rates unchanged at 3.75% and 5.50%, respectively[JAKARTA] Indonesia’s central bank held its policy rates unchanged for a third straight meeting on...
Gold ticks higher as US unemployment climbs in November
The US dollar fell to a more than two-month low on Tuesday, making greenback-priced bullion more affordable for overseas buyers[BENGALURU] Gold climbed on Wednesday (Dec 17) after a US...
Wall Street slips at open as investors assess key jobs data
[NEW YORK] Wall Street’s main indexes slipped at the open on Tuesday (Dec 16) after data broadly signalled a cooling US economy, paving the way for more monetary policy...
Pfizer forecasts 2026 profit below expectations on lower Covid product sales
Pfizer has rolled out a sweeping cost reduction programme in response to the drop in Covid-19 sales[WASHINGTON] Pfizer on Tuesday (Dec 16) forecast 2026 profit below Wall Street estimates...
Thai central bank is ‘taking action’ on baht, worried by rapid rise
[BANGKOK] Thailand’s central bank has taken action to tackle the appreciation of the baht, governor Vitai Ratanakorn said on Tuesday (Dec 16).It is worried about the currency’s rapid rise...
What happens to Roombas now that the company has declared bankruptcy?
Roomba maker IRobot filed for bankruptcy and will go private after being acquired by its Chinese supplier Picea Robotics.Founded 35 years ago, the Massachusetts company pioneered the development of...
US: Wall Street opens higher as investors gear up for data-packed week
WALL Street’s main indexes opened higher on Monday (Dec 15), rebounding from a tech-driven rout last week, while investors braced for a barrage of economic data that could set...
LTA awards over S$300 million in contracts for 660 electric buses, including to BYD
[SINGAPORE] The Land Transport Authority (LTA) has awarded six contracts for 660 new electric buses, which will be progressively deployed for passenger service from end-2026, it said on Monday...
Asean Power Grid projects could attract more Chinese investor interest in 2026
Clean-power manufacturers from China have been expanding in Indonesia, could seize more opportunities with cross-border projects[SINGAPORE] China’s clean-power players and investors are poised to expand their footprint in South-east...
January Capital’s private credit fund marks final close at over US$130 million
The fund offers growth-stage, sponsor-backed tech firms in Apac less-dilutive financing through senior secured loans [SINGAPORE] Singapore-headquartered investment firm January Capital on Monday (Dec 15) announced the final close...