Posts by Stephanie Irvin
Entrepreneurship and Access in Focus: Highlights From Axios Live Discussions
Axios Live is the Promise-based HTTP client’s biggest event of the year, which features talks, discussions, and demonstrations on web topics that clients use to extend their knowledge. 2025 was a huge year for Axios Live due to its top-tier generative-AI-focused lineup, featuring enterprise leaders like Bank of America’s Michelle Boston and Atlassian’s Zeynep Inanoglu…
Read MoreIndia’s RBI to inject 2 trillion rupees via fresh bond buys, US$10 billion in FX swap
This is to offset the cash drain from its US dollar sales in the currency market to support a weakening rupee [MUMBAI] India’s central bank announced fresh measures aimed at boosting banking liquidity, including government bond purchases and a foreign-exchange (FX) swap. The Reserve Bank of India (RBI) will buy two trillion rupees (S$28.7 billion)…
Read MoreNovo Nordisk shares jump almost 8% after US approves Wegovy pill
The approval gives the drugmaker a first-mover advantage in the race for a potent oral weight-loss medicine [COPENHAGEN/LONDON] Novo Nordisk shares jumped nearly 8 per cent on Tuesday (Dec 23), after the US Food and Drug Administration approved its weight-loss pill. This gives the Danish drugmaker a competitive edge over rival Eli Lilly in the…
Read MoreGold sets 50th daily record this year on rate-cut bets and geopolitical risk
Gold has risen 70% this year, driven by strong central-bank buying and inflows into bullion-backed ETFs [LONDON] Gold rose to an all-time high on Tuesday (Dec 23) – the 50th day it’s broken records this year – as investors weighed escalating geopolitical tensions and the prospects for more US rate cuts. Silver also advanced to…
Read MoreAustralia central bank saw risk of rate rise in 2026 to contain inflation
Core inflation rose to 3.3 per cent in October, taking it further above the RBA’s target band of 2 per cent to 3 per cent [SYDNEY] Australia’s central bank this month considered whether a rise in interest rates might be needed in 2026 given a recent pick up in inflation, but felt it would take…
Read MoreUS stocks push higher while gold, silver notch fresh records
WALL Street stocks pushed higher on Monday to begin a holiday-shortened trading week, while oil prices rallied amid worsening tensions between the United States and Venezuela. Gold and silver also struck fresh record highs, as the United States pushed on with its Venezuela oil blockade. US market watchers are expecting a low-key week, with equity markets closing…
Read MoreJPMorgan is exploring crypto trading for institutional clients
It is the latest sign of banks warming up to digital assets, and considering it less as a fringe investment [LONDON] JPMorgan Chase is considering offering cryptocurrency trading to its institutional clients, as large banks around the world deepen their involvement in the asset class. The Wall Street giant is assessing what products and services…
Read MoreChinese AI firm MiniMax to launch Hong Kong IPO in early January
The firm develops multimodal AI models which can process text, audio, images, video and music [HONG KONG/BEIJING] Chinese artificial intelligence (AI) firm MiniMax is seeking to launch a Hong Kong initial public offering (IPO) in early January. It could raise as much as US$700 million, two sources – who declined to be named – said…
Read MoreShein’s global ambitions survive French store uproar
The e-commerce giant, whose model of high-volume, ultra-cheap fashion has upended traditional retailing, looks like it’s in France to stay [PARIS] Shein’s choice of Paris for its first physical store set off a furor among French retailers and politicians fretting over the potential damage to local businesses from the fast-fashion retailer. Yet almost two months…
Read MoreCNMC Goldmine shares fall 7.3% on extra tax, penalty in Malaysia
A Malaysian unit of CNMC Goldmine is facing additional income tax and a penalty worth RM29.6 million [SINGAPORE] Shares of Catalist-listed CNMC Goldmine fell as much as 7.3 per cent on Monday (Dec 22) as investors reacted to its Malaysian unit facing additional income tax assessments. The counter fell to as low as S$1.01 seconds…
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