News
Trump says China’s Xi has approved a deal to save TikTok in the U.S.
President Trump said Friday that he has reached a deal with China to keep the popular social video app TikTok running in the U.S. Trump said on his social...
Intel shares soar as Nvidia embrace brings it into the AI boom
Intel shares have skyrocketed after Nvidia announced plans to invest in and partner with the company, sparking hope that the old chipmaker could avoid being left behind in a...
EU business lobby head says China rare earths snag persists
EUROPEAN firms still face challenges in securing access to crucial rare earths from China, a business lobby warned on Wednesday, despite a July deal to speed up exports.China dominates...
Oil settles over 1% higher as Ukraine drone attacks target Russian supply
[NEW YORK] Oil prices rose over a dollar a barrel on Tuesday, as traders weighed the possibility that Russian supplies may be disrupted by Ukrainian drone attacks on its ports and...
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...
