News
Yen, euro extend slide against US dollar as politics calls the shots
[ad_1] [LONDON] Political developments drove currency markets again on Tuesday (Oct 7) with the yen falling to a two-month low after Sanae Takaichi’s leadership victory in Japan, while the euro...
Stablecoins could suck US$1 trillion from emerging markets banks in next three years: Standard Chartered
[ad_1] [LONDON] The boom in US dollar-backed stablecoins, helped by President Donald Trump’s crypto policies, could suck US$1 trillion worth of deposits out of emerging economy banks in the next...
Singapore shares continue to rally; STI up 1.1%
[ad_1] [SINGAPORE] Singapore shares closed higher on Tuesday (Oct 7), buoyed by local bank DBS’ continued rally. The benchmark Straits Times Index (STI) rose 1.1 per cent or 50.55 points...
BHP sharpens Asia focus; bets on copper, potash over rare earths
[ad_1] Asia’s demand resilience underscores the mining giant’s commitment to the region[SINGAPORE] BHP is doubling down on Asia as the centre of gravity for global commodity demand, while placing long-term...
Envy’s ex-directors seek bankruptcy after being found liable for breach of duties in nickel trading fraud
[ad_1] Judicial Commissioner Mohamed Faizal finds that Lee Si Ye and Ju Xiao breached their duties as directors of Envy group of companies[SINGAPORE] A director of the insolvent Envy group...
Are you affected by tariffs? Here’s how the Business Adaptation Grant can help you
[ad_1] Singapore companies affected by tariffs can tap the new Business Adaptation Grant (BizAdapt) to defray costs related to adapting their business operations and strengthening supply chain resilience.The grant supports...
Singapore aims to lead region’s ammonia path to net zero: EMA chief
[ad_1] It is actively exploring the viability of combusting ammonia directly in gas turbines[FINSPANG, SWEDEN] Singapore must move early and decisively to explore alternative fuels such as hydrogen and ammonia,...
Gold notches fresh high on safe-haven demand, Fed rate-cut bets
[ad_1] Non-yielding gold thrives in a low-interest-rate environment and during economic uncertainties[BENGALURU] Gold prices rose to an all-time high on Tuesday (Oct 7), extending gains to a third session on...
CapitaLand Ascendas Reit to acquire 3 Singapore properties for about S$565.8 million
[ad_1] Acquisition will increase the value of Clar’s portfolio in the Republic to around S$12.3 billion[SINGAPORE] The manager of CapitaLand Ascendas Reit (Clar) on Tuesday (Oct 7) announced the proposed...
OpenAI unveils ChatGPT app integration feature
[ad_1] OPENAI on Monday unveiled a new feature for ChatGPT, the leading generative AI model with 800 million weekly users, enabling it to interact with everyday apps like Spotify and...
