News

US Fed to trim rates twice more this year; 2026 rate path very unclear
[ad_1] The new forecast follows a recent shift in expectations by Fed policymakers toward additional reductions[BENGALURU] The Federal Reserve will lower its key interest rate by 25 basis points next...
Nasdaq profit tops estimates on higher trading volume, fintech demand
[ad_1] Nasdaq also saw broad-based growth across its financial technology and software divisions[NEW YORK] Exchange operator Nasdaq beat Wall Street expectations for third-quarter profit on Tuesday (Oct 21), as persistent...
US: Wall Street opens flat as investors assess earnings for direction
[ad_1] [NEW YORK] Wall Street’s main indexes opened flat on Tuesday (Oct 21), as investors assessed a wave of quarterly earnings from corporate majors.At 09.30 am, the Dow Jones Industrial...
Coca-Cola tops quarterly revenue estimates on steady soda demand
[ad_1] It reported quarterly revenue of US$12.5 billion, compared with estimates of US$12.39 billion[WASHINGTON] Coca-Cola’s revenue and profit exceeded Wall Street’s third-quarter expectations on Tuesday (Oct 21), helped by resilient...
Soilbuild Construction mulls spin-off, SGX listing of precast and prefab business
[ad_1] Potential listing will be subject to market conditions, commercial negotiations and relevant regulatory and approvals[SINGAPORE] Soilbuild Construction is exploring spinning off and listing its precast and prefabrication business on...
Global carmakers race to beat China’s rare earths deadline
[ad_1] [LONDON/BERLIN] Global automakers are scouring the globe for crucial rare earths ahead of looming Chinese export controls, with executives worried they could lead to parts shortages and plant closures.Rare...
ST Engineering to hire more cybersecurity experts as it launches new innovation hub
[ad_1] [SINGAPORE] ST Engineering is looking to recruit more cybersecurity experts as it launches a new facility to spur innovation and develop talent, focused on developing cybersecurity solutions driven by...
US-Australia rare earths deal is a start but won’t shake China dominance any time soon
[ad_1] US and Western allies seek to loosen China’s grip amid rising trade and security tensions[SYDNEY] Donald Trump’s backing of Australia’s critical minerals will bring much-needed financial support to the...
Asia:  Equities rally on China-US hopes, new Japanese PM lifts Tokyo
[ad_1] STOCKS extended gains on Tuesday on further signs that China-US trade tensions were easing, with Tokyo hitting another record as Japan prepares to swear in a new prime minister...
Arm expands AI licensing program to boost on-device AI market share
[ad_1] [BENGALURU] Arm Holdings said on Monday (Oct 20) that it is expanding its Flexible Access licensing program to cover its Armv9 edge artificial intelligence (AI) platform, aiming to attract...
Mandarin Oriental shares surge 36.3% on privatisation offer, Jardine Matheson up 7.5%
[ad_1] [SINGAPORE] Shares of hotel chain Mandarin Oriental surged as much as 36.7 per cent on Tuesday (Oct 21) on the back of a privatisation offer from controlling shareholder Jardine...
Hong Leong Asia unit’s director and ex-chief accountant detained in China
[ad_1] [SINGAPORE] The director and former chief accountant of China Yuchai International (CYI) have been detained by Chinese authorities.Hong Leong Asia, which holds a 48.7 per cent stake in the...