Leadership
India’s stock value tops US$5 trillion as Modi’s win powers rally
INDIA’S stock market value is exceeding US$5 trillion for the first time, with the latest boost coming from a commitment by Prime Minister Narendra Modi’s new coalition for policy...
US Supreme Court to hear Nvidia bid to scuttle shareholder lawsuit
THE US Supreme Court agreed on Monday (Jun 17) to hear a bid by Nvidia to scuttle a securities fraud lawsuit accusing the artificial intelligence (AI) chipmaker of misleading...
US dollar stays strong, political uncertainty saps euro
THE US dollar held steady on Monday (Jun 17), while the euro traded around more than one-month lows as political turmoil in Europe ramped up the level of uncertainty...
Record copper prices likely to pause US scrap shipments to China
CHINA’S copper scrap imports have soared due to shortages of concentrate that is processed into refined metal used in the power and construction industries, but record-high prices mean US...
Berkshire Hathaway sells HK$310.5 million of shares in China’s BYD
BERKSHIRE Hathaway, the investment company owned by Warren Buffett, has sold 1.3 million Hong Kong-listed shares of electric-vehicle maker BYD for HK$310.5 million (S$53.8 million), a stock exchange filing...
China steps up warnings on relentless bond-buying frenzy
CHINA has ramped up warnings against bond bulls via state media reports amid signs the frenzy to buy government debt is trickling back. Bond funds will find it difficult...
UBS offers to redeem funds linked to 2021 Greensill collapse
UBS Group said it will give investors in Credit Suisse funds linked to the collapse of Greensill Capital a significant proportion of their money back, as the Swiss bank...
BOJ to forgo July rate hike, taper 24 trillion yen per year: ex-policymaker
THE Bank of Japan (BOJ) is likely to trim bond-buying by around 24 trillion yen (S$206 billion) annually in new guidance due next month, but forgo raising interest rates...
