Entrepreneurship
US: S&P 500 ends down 2.7% after Trump warns of big China tariffs
[ad_1] [NEW YORK] Wall Street stocks tumbled Friday (Oct 10) after US President Donald Trump threatened “massive” tariffs on China, reviving trade war worries after months of improving relations between...
Gold’s record run creates new rulebooks for investors
[ad_1] Its soaring run comes as investors bet heavily on US rate cuts and concern grows about the greenback’s role as the world’s top reserve currency[LONDON] Investors are testing well-established...
Why BYD faces a raft of troubles
[ad_1] Since authorities earlier this year stepped up scrutiny of the bruising price war in China that helped fuel the group’s rise, its sales momentum has stalledBYD has spent the...
GIC, Carlyle-backed chemicals firm Nouryon shelves US$5.8 billion loan amid investor unease
[ad_1] Moody’s cuts Nouryon’s Q4 estimates amid macro uncertainty and weak demand in construction markets[AMSTERDAM] Speciality chemicals producer Nouryon has withdrawn a dual-currency leveraged loan deal worth around US$5.8 billion...
Hong Kongers rush to sell family jewels as gold glitters
[ad_1] [HONG KONG] Hong Kong residents rushed to sell everything from gold bars to rings this week, with people weighing family jewels and counting stacks of money as they scrambled...
China ramps up rare earth restrictions, in move to beef up position for US trade talks
[ad_1] Both countries have traded tit-for-tat moves since Trump announced tariffs in April[BEIJING] China has tightened its grip on rare earths, extending export controls beyond its borders for the first...
Thai central bank worried over disconnect as global markets soar
[ad_1] [BANGKOK] The disconnect between the real economy and record-high financial markets worldwide is worrying, according to the Bank of Thailand (BOT), as asset prices soar despite mounting shifts in...
Top Glove shares surge 7.3% to two-month high on return to full-year profitability
[ad_1] The group attributes its improved performance to the higher demand for gloves and its cost efficiency[SINGAPORE] Shares of Top Glove soared on Friday (Oct 10) morning after the Malaysian...
Bank of Singapore’s new AI tool does in one hour what used to take 10 days
[ad_1] Besides being a time saver, the tool cuts down on human error from examining documents on clients’ employment, business and investment history [SINGAPORE] Bank of Singapore (BOS) has launched...
US SEC offers relief for IPOs stuck in limbo during shutdown
[ad_1] Companies launching initial public offerings while most of the government is closed will not have to include a specific price in their documents filed with the market regulator[WASHINGTON] The...
Seatrium hit by US$475 million contract termination for nearly completed wind vessel; shares drop 6.6%
[ad_1] The company says that it will ‘explore viable solutions’, including talks with the end-customer, Empire Offshore Wind[SINGAPORE] Seatrium on Friday (Oct 10) announced that it had received a termination notice...
