Leadership
Simba takes a bite out of telco market; StarHub has most to lose: Maybank
MAYBANK Securities has downgraded its call on StarHub from “buy” to “hold” and cut its target price to S$1.30 from S$1.44, as it expects stiffer competition in the telco...
Gold holds steady as investors focus on US economic data
GOLD prices held steady on Tuesday (Oct 29) as investors looked forward to a slew of US economic data for clues about the Federal Reserve’s interest rate outlook.Spot gold...
Bitcoin tops US$70,000 for first time since June as election nears
BITCOIN rose past US$70,000 for the first time since June, bolstered by inflows into dedicated exchange-traded funds (ETFs) as well as speculation about potential outcomes from next week’s US...
Robinhood rolls out contracts to bet on US presidential election
ROBINHOOD said on Monday (Oct 28) it will allow trading in US presidential election event contracts, as it seeks to capitalise on growing retail demand for betting products. This...
Ford weakens profit outlook amid price war, shares fall
FORD Motor said on Monday it expects to hit the lower end of its full-year profit guidance, dropping the company’s shares 5 per cent in after-hours trading, as a...
Boeing launches US$19 billion share sale to thwart downgrade
BOEING launched a nearly US$19 billion share sale, one of the largest ever by a public company, to address the troubled planemaker’s liquidity needs and stave off a potential...
Meta develops own AI search engine to cut reliance on Google, Bing: the Information
META Platforms is working on an artificial intelligence-based search engine as it looks to reduce dependence on Alphabet’s Google and Microsoft’s Bing, the Information reported on Monday (Oct 28).
The...
Yen tumbles after Japan election; US dollar set for biggest monthly rise since 2022
THE yen hit three-month lows on Monday (Oct 28) as investors figured the loss of a parliamentary majority for Japan’s ruling coalition in weekend elections would slow interest rate...
