News
Australia’s central bank swings to A$11 billion profit, again skips paying dividend to government
[ad_1] [SYDNEY] Australia’s central bank swung to an accounting profit last financial year on lower bond yields and a depreciating currency, though it remained in negative equity and did not...
SoftBank to buy ABB’s robotics arm in US$5.4 billion deal
[ad_1] [TOKYO] SoftBank Group has agreed to acquire ABB’s industrial robots unit at an enterprise value of almost US$5.4 billion, reflecting the Japanese investment firm’s interest in the burgeoning field.The...
Gold is booming. From mega vaults to discreet transport, who are the key players in Singapore?
[ad_1] [SINGAPORE] Gold surged into uncharted territory on Wednesday (Oct 8), opening above US$4,000 an ounce for the first time, in a year that has seen it consistently set new...
Indian garment exporters reel under US tariffs
[ad_1] Trump’s anger at the Asian country’s purchases of Russian oil has left New Delhi facing some of the world’s steepest levies[TIRUPPUR, India] When Donald Trump was elected, Indian garment...
Singapore dollar surges against the Japanese yen to its strongest level in more than a year
[ad_1] [SINGAPORE] The Singapore dollar strengthened to its strongest level against the Japanese yen in more than a year on Wednesday (Oct 8) morning.The latest move marks the rapid weakening...
Gold zooms past US$4,000 for first time in historic flight to safety
[ad_1] [BENGALURU] Gold raced past US$4,000 an ounce for the first time on Wednesday (Oct 8) as investors piled into a historic rally in the safe haven to hedge against...
Shell petrol stations in Indonesia run dry on supply shortages
[ad_1] [SINGAPORE] Shell’s retail petrol stations in Indonesia have run out of petrol as import restrictions imposed by the South-east Asian nation crimp supplies.Three varieties of petrol are currently not...
US air traffic control staffing hit for second day, delaying flights
[ad_1] [WASHINGTON] Air traffic control staffing issues are delaying flights for a second straight day at numerous US airports as the government shutdown reaches its seventh day, the Federal Aviation...
Future-proofing accountants in an AI-driven world
[ad_1] Far from replacing accountants, artificial intelligence is creating opportunities for the profession to evolve into more strategic, analytical, and trusted advisory rolesARTIFICIAL intelligence (AI) is rapidly transforming the global...
US: Wall Street retreats from record closing highs as economic worries mount
[ad_1] Bitcoin-related stocks have reversed on Monday’s gains as the cryptocurrency backed away from record highs [NEW YORK] US stocks closed lower on Tuesday (Oct 7) as investors, deprived of...
