Leadership
Quick takes on US Federal Reserve’s half-point cut
THE US Federal Reserve has cut rates by 50 basis points (bps), a move aimed at boosting a cooling job market while continuing to push down on inflation.Fed chair...
SK Hynix shares tumble on double downgrade at Morgan Stanley
SHARES of SK Hynix plunged, leading peers lower, after Morgan Stanley cut its rating on the Korean memory chipmaker two notches citing its fading pricing power.The stock dropped as...
YouTube launches new TV-focused tools for creators
YOUTUBE beefed up tools for creators on Wednesday as it competes with streaming rivals such as Netflix on the biggest screen in most homes: the television.The Alphabet-owned video-sharing platform...
Boeing furloughs thousands as it hunkers down for extended strike
BOEING said on Wednesday it will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its 737 MAX and...
Hong Kong central bank cuts interest rate, tracks Fed move
THE Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25 per cent, tracking a move...
United States says thwarted Chinese ‘state-sponsored’ cyber attack
THE US Justice Department on Wednesday said it had neutralised a cyber-attack network that affected 200,000 devices worldwide, alleging it was run by hackers backed by the Chinese government.The...
US Fed delivers oversized rate cut as it gains ‘greater confidence’ about inflation
THE Federal Reserve on Wednesday kicked off what is expected to be a series of interest rate cuts with an unusually large half-percentage-point reduction, a move aimed at boosting...
Chinese overcapacity is crushing the global steel industry
EACH year, China makes as much steel as the rest of the world combined. The vast scale of its output – around one billion tonnes a year – is...
