Leadership
Hong Kong central bank keeps key rate steady, tracking Fed move
THE Hong Kong Monetary Authority (HKMA) left its base rate through the overnight discount window unchanged at 5.75 per cent on Thursday (Jun 13), tracking a move by the...
Philippines rate cut likely after fed, finance chief says
THE Philippine central bank will “most probably” lower its key interest rate after the Federal Reserve’s own policy easing, according to Finance Secretary Ralph Recto who sees more than...
DBS partners Future Supplier Initiative to decarbonise fashion sector
DBS partnered the Future Supplier Initiative to offer a collective financing model to support apparel suppliers’ decarbonisation, the bank announced on Thursday (Jun 13). The initiative aims to reduce financial...
Fintech giant Ant Group spends record 21.2 billion yuan on research
ANT Group spent a record 21.2 billion yuan (S$4 billion) on research last year as the fintech giant increased its investment in technology including artificial intelligence. The affiliate of...
Boeing faces deadline to rebut possible US prosecution
BOEING faces a Thursday deadline to respond to a US Department of Justice determination that the planemaker can be prosecuted for violating a 2021 deal that allowed it to...
Singapore shares rise at Thursday’s open; STI up 0.6%
SINGAPORE equities began trading in positive territory on Thursday (Jun 13), as global sentiment remained upbeat after data showed US consumer prices were unexpectedly unchanged in May. As at...
Broadcom boosts revenue forecast from AI chips, unveils stock split
BROADCOM raised its annual forecast for revenue from chips that help in artificial intelligence (AI) work by 10 per cent on Wednesday (Jun 12) and announced a stock split...
South Korea to discuss short-selling rule tweaks as ban deadline nears
SOUTH Korea will consider changes to its short-selling rules on Thursday (Jun 13) as part of ongoing discussions on when to lift the ban on the trading strategy.Government officials...
