News
US: Wall Street opens higher on rate cut expectations
[NEW YORK] Wall Street’s main indexes opened higher on Tuesday (Sep 16) as investors priced in expected interest rate cuts from the Federal Reserve on Wednesday, while digesting stronger-than-expected...
Indonesia weighs new central bank mandate; rupiah weakens
INDONESIAN lawmakers are weighing changes at the central bank that include a broader mandate and a lower bar for removing senior officials, heightening investor concerns about the monetary authority’s...
Elon Musk’s xAI lays off 500 people training its Grok chatbot
Elon Musk’s artificial intelligence startup xAI has laid off 500 workers from its data annotation team, which helps train its Grok chatbot.The layoffs were earlier reported by Business Insider.The...
Alphabet hits US$3 trillion in market capitalisation for first time
Class A shares of the company were up 4.6% at US$251.88, while Class C shares climbed 4.5% to US$252.3[NEW YORK] Google-parent Alphabet hit a market capitalisation of US$3 trillion...
With stock purchase, Elon Musk signals confidence in Tesla’s self-driving tech
In a move that boosted Tesla’s stock in midday trading on Monday, it was revealed that Chief Executive Elon Musk purchased approximately $1 billion worth of the company’s shares.The...
StanChart Singapore’s H1 profit climbs 12.4% to nearly S$1 billion
The rise in earnings comes amid a boost in fee and commission income, as well as forex income[SINGAPORE] Standard Chartered (StanChart) Singapore’s net profit climbed 12.4 per cent year...
Asia: Markets fluctuate ahead of expected US rate cut
ASIAN markets were mixed on Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week.Equities have enjoyed a strong run-up over recent...
Yuan’s gradual advance may offer boost to emerging currencies
CHINA’S new-found tolerance for steady yuan appreciation looks set to re-accelerate a rally in emerging-market (EM) currencies, as investors brace themselves for lower US interest rates.Supporting such expectations is...
Politics drive investment divide in South-east Asia’s top markets
POLITICAL upheaval is driving a split in South-east Asia’s financial landscape, as investors bet that the worst may finally be over in Thailand but only just getting started in...
S-Reits deliver double-digit total returns in Q3 as investors await rate cuts
[SINGAPORE] Real estate investment trusts in Singapore (S-Reits) rebounded strongly in the third quarter to date, with the iEdge S-Reit index delivering total returns of 10.3 per cent since...
