News
Swiss National Bank cuts interest rate to zero in effort to stop franc inflows
[ZURICH] The Swiss National Bank (SNB) cut its interest rate to zero, seeking to deter investors from pushing up the franc.The quarter-point reduction on Thursday (Jun 19) is the...
Swiss watch exports slump in May as US tariffs shake market
Asia exports slump as shipments to China, Japan and Hong Kong plunge by double digits in latest dataPublished Thu, Jun 19, 2025 · 04:06 PM[ZURICH] Swiss watch exports dropped...
Philippines cuts key rate again as inflation stays below target
The Bangko Sentral ng Pilipinas reduced its overnight target reverse repurchase rate to 5.25% on Thursday Published Thu, Jun 19, 2025 · 04:03 PM[MANILA] The Philippine central bank lowered...
Flights to Indonesia’s Bali resume after disruption by volcano eruption
[JAKARTA] All flights to and from the Indonesian resort island of Bali resumed on Thursday (Jun 19) after being cancelled or delayed due to eruptions of Mount Lewotobi Laki-laki,...
South-east Asia’s budget airlines bet on travel demand, despite competition woes
[SEOUL] South-east Asia’s biggest budget airlines are pursuing a bruising capacity expansion race despite rising cost pressures that are squeezing profitability and led Qantas Airways to shut down Singapore-based...
Uber warns Hong Kong drivers and riders of possible new curbs
[HONG KONG] Uber Technologies is e-mailing Hong Kong users to raise concerns about rules the city is formulating, warning the government could cap the number of drivers or vehicles...
Microsoft prepared to abandon high-stakes talks with OpenAI: report
The startup requires approval from the tech giant to complete its transition into a public-benefit corporation, which it believes will make it easier to raise more capital Published Thu,...
PEC delists from SGX on Jun 19 after US$165 million acquisition by Liberty Energy Solutions
[SINGAPORE] Engineering company PEC was delisted from the mainboard of the Singapore Exchange (SGX) at 9 am on Thursday (Jun 19), after Alliance Energy Services’ offer to privatise the...
Blackstone’s ASK plans to hire 70 wealth bankers in India
The group has over 745 billion rupees in assets across alternative investment funds, portfolio management services and private wealthPublished Thu, Jun 19, 2025 · 10:32 AM[MUMBAI] Blackstone’s ASK Group...
Australia: Shares hit 2-week low as miners, gold stocks fall; Fed holds rate
Published Thu, Jun 19, 2025 · 10:09 AMAUSTRALIAN shares hit a two-week low in early trade on Thursday, weighed down by miners and gold stocks as the US Federal...
