Leadership
Hong Kong probe finds Cathay Airbus defect could cause ‘extensive’ damage
An engine defect in the Airbus A350 plane that led to the cancellation of dozens of Cathay Pacific flights in early September could have escalated into “extensive damage”, according...
Vietnam removes pre-funding rule for foreigner investors in bid for market upgrade
VIETNAM will remove a requirement for full pre-funding on equity transactions of foreign investors from Nov 2, its finance ministry said, the country’s latest effort to boost the chances...
Market fundamentals limit rate cut support to commodity prices; gold set to inch higher: analysts
On the oil market, rate cuts would only indirectly affect the prices as it secures the US economy’s soft landingTHE commodity sector in general will be supported by the...
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...
