Leadership
Yen dips, markets stabilise ahead of US inflation data
THE yen fell against the US dollar on Monday (Aug 12) in calmer currency market trading after volatile moves last week, while investors weighed the odds of a deep...
Opec cuts oil demand growth forecast, highlighting dilemma over Oct hike
OPEC on Monday (Aug 12) cut its forecast for global oil demand growth in 2024 citing softer expectations for China, a reduction that highlights the dilemma faced by the...
China’s top utility completes world’s biggest pumped hydro plant
STATE Grid of China has completed the world’s biggest pumped hydro plant as the nation ramps up its green energy capabilities.
The last of 12 units at the Fengning plant...
Singapore stocks decline amid shift in interest rate expectations; STI down 0.8%
SINGAPORE stocks fell on Monday (Aug 12) amid a regional rally after intense market volatility last week. The Straits Times Index (STI) fell 0.8 per cent or 26.45 points...
China test-flies biggest cargo drone as low-altitude economy takes off
CHINA flew its biggest-yet unmanned cargo aircraft designed for civilian use, as the world’s top drone-making nation steps up test flights of autonomous aerial vehicles (UAVs) that could ultimately...
Chinese bonds extend losses as PBOC warns about potential risks
CHINA’S 10-year bonds extended recent declines as the central bank warned about potential risks arising from the relentless rally in the debt market.The benchmark yield headed for its biggest...
Shell, PetroChina to expand Surat coal seam gas project in Australia
SHELL and PetroChina have decided to expand the Surat coal seam gas project (SGP) in Queensland, the British oil and gas giant said on Monday (Aug 12), amid calls...
Hindenburg accusation of Adani conflict denied by Sebi chief
HINDENBURG Research accused the head of India’s market regulator of having conflicts of interest that prevented a thorough examination of manipulation and fraud claims at the Adani Group, an...
