Leadership
Singapore banks keep guard against rate cuts, market volatility in Q2, but expect to remain strong
They have taken various measures to reduce their interest rate sensitivity, lower funding costs, and ensure enough capitalSINGAPORE banks continue to shore up against market volatility and impending rate...
Solar generation 53% cheaper than fossil fuels in Peninsular Malaysia in 2023: report
The country could also benefit from integrating solar and battery energy storage systemsSOLAR power generation costs in Peninsular Malaysia were 53 per cent lower than that of fossil fuels...
PSA International unit to buy majority stake in Polish intermodal operator
The 85 per cent stake in Loconi will be acquired from publicly traded Polish freight forwarder ATC CargoTEMASEK-OWNED port operator PSA International, through its subsidiary PSA Baltics, signed an...
Brutal sell-off skims froth from Japan’s US$6 trillion stock market
Japanese equities shed US$1.1 trillion in value as they kicked off August with a record three-day loss. For bullish investors, that’s providing a fresh reason to buy what has...
Bets against Yen crater as volatility scares crowded carry trade
WILD swings in the Japanese yen and a vicious market selloff led speculative traders to pull back on bets for further weakness in the currency, according to the latest...
Europe: Shares jump, weather turbulence to eke out weekly gain
EUROPE’S main index rose on Friday (Aug 9), with a continued boost from healthcare stocks, logging gains for a fourth consecutive session and eking out a gain for a...
US: Wall Street opens lower at end of turbulent week
Fed officials’ dovish signals following a report of a resilient labour market keep losses in checkWall Street’s main indexes opened lower on the last day of a turbulent week,...
China’s Harvest Fund chairman under investigation steps down
HARVEST Fund Management, one of China’s largest asset managers, said on Friday (Aug 9) chairman Zhao Xuejun had resigned and is cooperating with authorities regarding an investigation pertaining to...
