News

Gold steady as focus turns to Fed minutes, US jobs report
[ad_1] [BENGALURU] Gold prices were steady on Wednesday (Nov 19), as investors awaited minutes from the US Federal Reserve’s latest policy meeting and US jobs report that could shed more...
Bank Indonesia policy juggle makes rate moves harder to predict
[ad_1] The central bank has spurned market expectations at half of its 10 policy meetings so far this year[JAKARTA] Bank Indonesia’s (BI) balancing act between stability and growth has lately...
Stocks to watch: Singtel, LHN, Coliwoo
[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 19): Singtel : The telco was hit by an outage on Tuesday,...
US Fed official defends easing of bank oversight as concerns mount
[ad_1] THE US central bank’s top banking regulator on Tuesday defended efforts to revamp oversight of the sector, as she faces warnings that weakened supervision could destabilise the financial system.“Our...
Boyu Capital considers bringing Tencent, GIC into Starbucks China deal
[ad_1] [HONG KONG] Boyu Capital is considering bringing in Tencent Holdings, GIC and potentially others as limited partners in its acquisition of a stake in Starbucks’ China business, sources familiar...
Roblox to scan users’ faces to verify age amid stubborn child safety concerns
[ad_1] Roblox, a popular gaming platform that’s faced growing scrutiny over child safety concerns, said Tuesday it will require users to verify their age if they want to chat with...
Power infrastructure provider Amperesand raises US$80m in oversubscribed Series A round
[ad_1] [SINGAPORE] Amperesand, a next-generation power infrastructure provider for artificial intelligence (AI) data centres and critical power applications, raised US$80 million in an oversubscribed Series A funding round that closed...
Amazon’s Zoox offers free robotaxi rides in San Francisco
[ad_1] Amazon-owned Zoox is offering free rides on its San Francisco fleet of boxy, driverless taxis. The company said Tuesday it is providing the rides to people who download the...
Nissan to cut more output at Kyushu plant on chip supply troubles
[ad_1] [TOKYO] Japan’s Nissan will cut production by another 1,400 vehicles at its Kyushu plant next week, as the fallout from chip supply disruptions linked to Chinese-owned Nexperia continues to...
Elon Musk’s X down for thousands of US users, Downdetector shows
[ad_1] [WASHINGTON] Elon Musk’s X was down for thousands of users in the US on Tuesday (Nov 18), according to outage tracking website Downdetector.com.There were more than 11,500 reports of...
Xiaomi reports 81% jump in third-quarter profit on strong EV sales
[ad_1] Adjusted net profit reaches 11.3 billion yuan (S$2.1 billion), exceeding the average estimate of 10.3 billion yuan[BEIJING] China’s Xiaomi reported a 80.9 per cent jump in third-quarter profit on...
AkzoNobel and Axalta to merge, creating US$25 billion paint giant
[ad_1] Under the merger, AkzoNobel shareholders will receive a US$2.5 billion dividend payout[PARIS] Dulux paintmaker AkzoNobel said on Tuesday (Nov 18) that it plans to merge with paintmaker Axalta Coating...