Leadership
Gold holds ground as traders gauge Fed rate-cut bets
GOLD prices were steady on Wednesday (Jun 19) after softer-than-expected US retail sales data reinforced bets of imminent Federal Reserve rate cuts.Spot gold held its ground at US$2,327.76 per...
RBNZ chief economist Conway says progress being made on bringing inflation back to target
RESERVE Bank of New Zealand chief economist Paul Conway said on Wednesday that good progress is being made in bringing inflation back to target but a period of restrictive...
Nintendo surprises fans by announcing new ‘Zelda’ game
NINTENDO surprised fans on Tuesday (Jun 18) by announcing a new chapter in its 40-year-old Zelda saga, one of the Japanese video game giant’s biggest cash-cows.During an event broadcast...
Apple turns to third parties for ‘buy now, pay later’ after sunsetting product
ALTHOUGH Apple is discontinuing its buy now, pay later (BNPL) service launched last year, the company is sticking with the product, with a successor to the offering launching later...
Citi CFO Mark Mason says investment banking fees likely up 50%
CITIGROUP said it expects banking fees to surge 50 per cent in the second quarter compared with a year earlier on better prospects for merger advice and debt and...
Taiwan’s CTCI plans water plant as chipmakers clamour for supply
TAIWAN’S CTCI and partners will develop and operate a 508 million euros (S$737 million) water-desalination plant as demand from chipmakers soars.The island’s Water Resources Agency awarded the contract, which...
Barclays’ UK corporate bank to cut costs by £100 million, expand lending
BARCLAYS will cut about £100 million (S$172 million) of annual costs from its UK corporate banking business by 2026, it said on Tuesday (Jun 18), under broader plans to...
Greenback pares gains after US retail sales miss expectations in May
THE US dollar pared gains against the euro on Tuesday (Jun 18) after retail sales data indicated signs of exhaustion among US consumers, boosting the case for Federal Reserve...
