Culture
LVMH chief Arnault wins big on China stimulus with US$17 billion wealth surge
BERNARD Arnault entered Thursday (Sep 26) having lost more wealth this year than any other billionaire, with his luxury-goods fortune slumping by US$24 billion.Then China’s top leaders gave the...
Singapore LNG demand set to jump on AI and data centre boom
SINGAPORE will see a short-term increase in liquefied natural gas (LNG) demand, due in part to the AI boom that’s driving data centre growth, according to the country’s state-owned...
China’s biggest stock buying frenzy in years overwhelms exchange
CHINESE equities capped their biggest weekly rally since 2008 with a burst of trading that overwhelmed the Shanghai Stock Exchange, underscoring a dramatic shift in investor sentiment after Xi...
ByteDance to sign US$10.8 billion corporate loan in Asian record
About 20 lenders – comprising international and Chinese banks, including some branches – will fund the deal ByteDance, the Chinese owner of TikTok, is set to sign a US$10.8...
Visa increases AI fight against fraud with Featurespace purchase
VISA has signed an agreement to acquire real-time artificial intelligence (AI) payments protection company Featurespace, marking the credit-card giant’s latest move in bolstering its fraud and financial crime risk...
China’s Chery delays plan to build EVs in Spain on EU tariffs
CHERY Automobile has pushed back a goal to bring electric-vehicle (EV) production to Europe by a year, after the European Union (EU) imposed provisional tariffs on EV imports from...
Indonesia aims for US$1.5 billion restructuring at Krakatau Steel
About US$1.5 billion in rupiah-denominated and other loans is up for restructuringTHE Indonesian government aims to finalise a loan restructuring agreement between the nation’s biggest steelmaker Krakatau Steel and...
Eurozone government bond yields drop after inflation data
Germany’s 10-year bond yield is down 3.5 bps at 2.14%, and its two-year bond yield fell three bps to 2.08%EUROZONE government bond yields dropped on Friday (Sep 27) after...
Yen rebounds from losses after Ishiba wins leadership of LDP
The yen reversed losses and surged against the dollar as Shigeru Ishiba was voted leader of the Japan’s ruling party, beating a rival who opposed interest rate hikes.The currency...
Why a new generation of investors is thinking twice about SGX
It’s an uphill battle for Singapore’s stock exchange as younger investors set their sights on overseas markets such as the US instead AS AN avid investor who has been...
