Culture
Hot stocks: Yangzijiang counters pulled in opposing directions amid heavy volumes
SHARES of Yangzijiang Shipbuilding and its listed subsidiary Yangzjiang Financial were trading divergently as shares of both counters were heavily transacted by volume on Friday (Sep 27) morning.As at...
Hong Kong stocks rally more than 3% at open
HONG Kong stocks rallied more than three per cent at the open of business on Friday, building on a huge surge this week fuelled by a series of Chinese...
Singapore shares open lower on Friday; STI down by 0.1%
SINGAPORE stocks began Friday (Sep 27) trading in negative territory, despite overnight gains in global markets. As at 9.01 am, the Straits Times Index (STI) dropped 0.1 per cent...
China cuts banks’ reserve ratio as economic growth sputters
CHINA’S central bank said on Friday it would cut the amount of cash that banks must hold as reserves by 50 basis points, the second reduction this year aimed...
NTSB issues urgent safety recommendations on Boeing 737 rudder after Newark incident
THE National Transportation Safety Board on Thursday issued urgent safety recommendations about the potential for a jammed rudder control system on some Boeing 737 airplanes after a February incident...
Oil prices slide 3% on prospect of more Opec+ oil
OIL prices fell more than 3 per cent on Thursday on a Financial Times report that Saudi Arabia, the world’s top crude exporter, will give up its US$100 price target...
H&M bets on lower prices, trendy clothing to boost holiday sales
SWEDISH fashion retailer H&M is banking on lower prices and a wider range of trendy clothing compared to basics to drive sales among cautious consumers in the crucial shopping...
US dollar edges down before Fed speakers, data; Swiss franc rises after SNB
THE safe-haven US dollar edged down on Thursday (Sep 26) on increasing risk appetite with traders looking ahead to speeches from key Federal Reserve policymakers and economic data for...
US: Wall St opens higher on AI euphoria after Micron’s upbeat forecast
Wall Street’s main indexes opened higher on Thursday (Sep 26), with the benchmark S&P 500 at a record high, as Micron’s upbeat forecast revived the frenzy around artificial intelligence,...
India to borrow 6.61 trillion rupees via bonds in Oct-March
India’s government will maintain its budgeted borrowing programme for the ongoing financial year, and will sell bonds worth 6.61 trillion rupees (S$101.6 billion) from October through March, it said...
