Leadership
Japan to suspend Nomura from bond group after manipulation
JAPAN’S Ministry of Finance plans to temporarily exclude Nomura Holdings from taking part in government debt auctions after the firm admitted to manipulating the bond futures market, according to...
Asia: Markets mixed after Wall Street drop, Shanghai dips before briefing
MOST Asian markets were mixed on Friday (Oct 11) as investors digested disappointing US inflation data that further dampened expectations for another bumper interest rate cut next month.Chinese stocks...
ByteDance cuts over 700 jobs in Malaysia in shift towards AI moderation: sources
CHINA’S ByteDance, the parent of social media platform TikTok, has laid off more than 700 workers from its Malaysian unit as the company shifts focus towards greater use of...
South Korea’s central bank cuts rates as slumping economy slows inflation
SOUTH Korea’s central bank cut policy interest rates for the first time in four and a half years, making a shift away from quashing inflation, currently below its 2...
Tesla CEO Musk unveils two-door robotaxi, seen as key to long-term growth
TESLA CEO Elon Musk showcased a long-promised robotaxi with two gull-wing doors and without a steering wheel or pedals at a much-hyped event on Thursday (Oct 10), paving the...
Boeing would be biggest-ever US ‘fallen angel’ if cut to junk
IF CUT to junk status, Boeing will be the biggest US corporate borrower to ever be stripped of its investment-grade ratings and join junk bond indexes, flooding the high-yield...
BlackRock, GIC to invest in Hyundai Motor India IPO
BLACKROCK and Singaporean sovereign wealth fund GIC are among those that have made bids to buy stock in Hyundai Motor India’s US$3.3 billion initial public offering (IPO), according to...
Oil prices jump 4 per cent on US storm and Israel-Iran fears
OIL prices jumped about 4 per cent on Thursday (Oct 10) on a spike in US fuel use before Hurricane Milton barrelled across Florida, Middle East supply risks and...
