Culture
China, Hong Kong stocks extend gains as massive stimulus boosts sentiment
CHINA and Hong Kong stocks extended their gains on Wednesday (Sep 25), although lost some steam in the afternoon trade, as investors continue to digest a wide-ranging stimulus package...
Traders flock to China’s five-year bonds on lower intervention risk
The downward trend in China rates may not reverse unless there is a meaningful step-up in fiscal stimulus to stabilise consumption and the property market, a strategist saysTRADERS are...
Singapore stocks extend losses despite a broader market rally; STI down 1.1%
THE Straits Times Index (STI) fell on Wednesday (Sep 25), even as the broader market saw more advancers than decliners.
The STI closed 1.1 per cent or 39.47 points lower...
DBS moving to raise China securities joint venture stake to 91%, group CEO says
DBS Group chief executive Piyush Gupta said on Wednesday (Sep 25) it is in the process of increasing ownership in its China securities joint venture to 91 per cent,...
Sea freight rates falling, but may be lifted by US port strike
A strike in the US East and Gulf-Coast ports could hit more than half of US imports and 15 per cent of the global container fleet capacity, HSBC saysSLIDING...
Sea freight rates could ride crest of looming US port strike to reverse slide
A strike in the US East and Gulf-Coast ports could hit more than half of US imports and 15 per cent of the global container fleet capacity, HSBC saysOCEAN...
Sweden’s Riksbank cuts rate again and opens door to half-point move
SWEDEN’S Riksbank cut borrowing costs by a quarter point and raised the possibility of a bigger move in coming months in its bid to spur a listless economy.
The central...
Hedge funds now employ more than 1,000 people in Dubai
An influx of some of the world’s biggest hedge funds, from Millennium Management to Balyasny Asset Management, has pushed the industry’s headcount in Dubai to over 1,000, burnishing the...
Paramount cuts more jobs as part of planned reductions
PARAMOUNT Global cut more jobs on Tuesday (Sep 24) as part of a previously announced plan to reduce its US workforce by 15 per cent, or about 2,000 positions....
China unveils new measures to boost M&A, restructuring
CHINA’S securities regulator rolled out new guidelines to promote mergers and restructuring among listed companies as part of Beijing’s latest stimulus package to bolster the sagging economy.
The China...
