News
Asia: Hong Kong stocks lifted by Nvidia rally
[ad_1] [HONG KONG] Tech firms led another rally in Hong Kong stocks Wednesday after US titan Nvidia said it would resume exports of key chips to China after Washington pledged...
Shangri-La Asia appoints Robert Kuok’s daughter Kuok Hui Kwong as new CEO
[ad_1] She is the daughter of Shangri-La founder Robert Kuok, who is Malaysia’s richest man[SINGAPORE] Shangri-La Asia announced the appointment of Kuok Hui Kwong as its new chief executive officer...
European asset manager Amundi, Endowus launch low-cost index fund tracking STI
[ad_1] [SINGAPORE] European asset manager Amundi and wealth adviser and investment platform Endowus on Wednesday (Jul 16) launched the Amundi Singapore Straits Times Index (STI) Fund. This marks the first...
Small but rising Japanese opposition party warns against near-term BOJ rate hike
[ad_1] [TOKYO] The Bank of Japan should hold off raising interest rates until the economy achieves a stronger recovery, Sohei Kamiya, head of the small opposition party Sanseito said ahead...
Bessent suggests Powell should leave Federal Reserve board in May
[ad_1] [WASHINGTON] US Treasury Secretary Scott Bessent suggested that Federal Reserve chair Jerome Powell should step down from the central bank’s board when his term as chair is up in...
Trump unveils US$92 billion worth of investments to power AI boom
[ad_1] [PITTSBURGH] US President Donald Trump went to Pennsylvania on Tuesday to announce US$92 billion in energy and infrastructure deals intended to meet big tech’s soaring demand for electricity to...
Oil slips as Trump’s 50-day deadline for Russia eases supply fears
[ad_1] [NEW YORK] Oil prices dropped by less than 1 per cent on Tuesday after US President Donald Trump’s 50-day deadline for Russia to end the war in Ukraine and avoid sanctions...
US Fed officials say more needs to be done on financial inclusion
[ad_1] [WASHINGTON] US Federal Reserve governor Michael Barr said on Tuesday (Jul 15) that banks and advocates have worked together to “deepen and widen financial inclusion”, but emphasised much more...
TalkMed shareholders approve Tamarind Health’s privatisation offer
[ad_1] [SINGAPORE] Shareholders of TalkMed on Tuesday (Jul 15) approved a proposed privatisation offer from Tamarind Health.Ninety-eight shareholders, representing 89.1 per cent of those present and voting at an extraordinary...
US banking giants reap gains from dealmaking rebound
[ad_1] [NEW YORK] Large US banks expressed optimism about the investment banking outlook for the rest of the year after dealmaking rebounded in the second quarter, as they reported in...
