Lifestyle
Sweden central bank makes biggest rate cut since 2014
SWEDEN’S central bank made its biggest interest rate cut since 2014 on Thursday (Nov 7) and signalled more reductions were forthcoming to kickstart the Nordic country’s economy.
The Riksbank lowered...
China’s central bank pauses gold purchases for sixth straight month
CHINA’S central bank refrained from purchasing gold for its reserves for the sixth consecutive month in October, according to official data released on Thursday (Nov 7).
China’s gold holdings stood...
AstraZeneca’s US$1.5 billion manufacturing plant to create over 800 jobs in Singapore
ASTRAZENECA plans to hire more than 800 employees in Singapore including engineering, technical services and global supply chain roles at its upcoming US$1.5 billion Singapore manufacturing facility in Tuas...
China tells banks to cut interbank deposit rates to boost growth
CHINESE regulators told the nation’s banks to lower rates they paid to deposits from other financial institutions to free up funds to boost the economy, according to sources familiar...
Indonesia confident palm oil production can be increased to meet biofuel demand
INDONESIA’S chief economic minister said on Thursday (Nov 7) that he is confident palm oil production can be increased in coming years to meet the country’s rising demand for...
Nets, Liquid leverage interoperable QR payments to expand services
NETWORK for Electronic Transfers (Nets) and Liquid Group have each announced plans to expand their services based on the interoperable Singapore Quick Response Code Scheme (SGQR+).On Thursday (Nov 7),...
TSMC and Globalfoundries finish talks over Chips Act awards
TAIWAN Semiconductor Manufacturing Company (TSMC) and GlobalFoundries have finished negotiating binding agreements for billions of US dollars in grants and loans to support US factories, sources familiar with the...
US SEC crypto enforcement slated for major rollback under Trump
THE crypto industry poured millions of US dollars into the presidential and congressional races, but its most salient election victory is likely to be the departure of US Securities...
