US: Wall St opens higher on PPI, Starbucks boost

US: Wall St opens higher on PPI, Starbucks boost

Wall Street opened higher on Tuesday (Aug 13) after producer prices data showed abating inflation pressures, keeping the Federal Reserve on track to cut rates in September, while Starbucks soared after appointing Chipotle’s Brian Niccol as CEO. The Dow Jones Industrial Average rose 88.3 points, or 0.22 per cent, at the open to 39,445.27. The…

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Yen remains weak, dollar slips as markets await US CPI data

Yen remains weak, dollar slips as markets await US CPI data

THE yen remained weak for a second straight day on Tuesday (Aug 13) and the US dollar softened against the rest of its peers in calmer trading, as markets await US inflation data that could indicate the outlook for Federal Reserve interest rate cuts. The greenback began softening after the release of data showing US…

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Zeekr tackles EV range anxiety with 10-minute battery charge

Zeekr tackles EV range anxiety with 10-minute battery charge

THE race to end electric car range anxiety has taken a giant leap forward with Chinese automaker Zeekr unveiling a battery that can charge in just over 10 minutes. The upgraded lithium iron phosphate battery will charge from 10 to 80 per cent in 10½-minutes when connected to Zeekr’s V3 ultra-fast charging station, the…

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China July new bank loans dip to 260 billion yuan, miss forecasts

China July new bank loans dip to 260 billion yuan, miss forecasts

CHINESE banks extended 260 billion yuan (S$48 billion) in new yuan loans in July, down from the previous month and undershooting analysts’ forecasts, highlighting weak demand as a prolonged property downturn and job insecurity drag on business and consumer confidence. Analysts polled by Reuters had expected new yuan loans would come in at 450 billion…

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Yangzijiang Shipbuilding leads gains on Tuesday; STI up 0.7%

Yangzijiang Shipbuilding leads gains on Tuesday; STI up 0.7%

Julius Baer official says equities have become more attractive again, and now is the time to cobble together an ‘equity shopping list’ SINGAPORE shares rallied with their regional peers on Tuesday (Aug 13), as Yangzijiang Shipbuilding led gains on the Straits Times Index. The counter climbed 14.7 per cent or S$0.35 to S$2.73. The company…

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