Leadership
Lufthansa agrees to pay rise with flight attendants after strike
LUFTHANSA and the flight attendants’ union UFO have agreed to a pay rise for the German airline’s 19,000 cabin staff, the union said on Thursday (Apr 11), ending the...
HKEX proposes plan for multiple clearing banks for cash trades
INVESTORS may soon be allowed to enlist more than one clearing bank for their cash equities and options trades on the Hong Kong Exchanges & Clearing (HKEX).The Securities and...
Asia: Market tracks Wall Street losses as US data deals blow to rate cut hopes.
ASIAN markets reversed on Thursday (Apr 11) after forecast-topping United States inflation dealt a hefty blow to hopes for a June interest rate cut and forced traders to re-evaluate...
China sets yuan fixing with strongest upward bias since 2018
CHINA’S central bank ramped up support for the yuan in its daily guidance on Thursday (Apr 11) after an overnight surge in the US dollar put authorities on alert...
China ramps up yuan support as fixing tops estimates by record
CHINA signalled continued support for its currency as broad strength in the US dollar kept the yuan close to a policy no-go area. The People’s Bank of China set its...
Adobe is buying videos for US$3 per minute to build AI model
ADOBE has begun to procure videos to build its artificial intelligence (AI) text-to-video generator, trying to catch up to competitors after OpenAI demonstrated a similar technology.The software company is...
Vietnam orders Netflix to stop advertising, distributing its games
VIETNAM has ordered Netflix to stop advertising and distributing its games in the country before Apr 25 as the US streaming platform has not yet been granted a license...
US: Stocks retreat after hot inflation report
WALL Street stocks fell on Wednesday (Apr 10) after US inflation data topped estimates, dampening expectations for imminent interest rate cuts.The much-anticipated data showed US consumer prices in March...
