Lifestyle
China’s gold imports tumble again as record prices deter buyers
CHINESE consumers continued to pull back on gold purchases last month, as record prices and a sustained economic slowdown curbed demand in the world’s biggest bullion-buying nation. Gold imports...
Thai central bank may face more rate-cut pressure from new PM
THAILAND’S central bank is poised to keep the policy rate at a decade high this week as the economy gathers some steam but uncertainty about a US$14 billion handout...
Overseas funds return to Indonesian bonds on dovish Fed bets
INDONESIA’S bond market is set to erase its outflows for the year as overseas investors pile into rupiah debt amid imminent interest-rate cuts by the Federal Reserve. Global funds...
Chinese banks hold key lending rates after PBOC signals caution
CHINESE banks kept their benchmark lending rates unchanged for August, as profit margins come under pressure and policymakers focus on the health of financial institutions.The one-year loan prime rate...
Paramount likely to extend ‘go shop’ period if Bronfman bids
PARAMOUNT Global, which has agreed to merge with David Ellison’s Skydance Media, is likely to extend a deadline for rival takeover bids if Edgar Bronfman Jr makes an offer...
Cocoa climbs as traders focus on crop prospects in West Africa
COCOA futures in New York rose to the highest price since late July, breaking out of last week’s largely rangebound trading.The most-active contract climbed as much as 7.2 per...
US: Wall St opens flat with focus on Jackson Hole
Wall Street’s main indexes opened flat on Monday (Aug 19) after clocking their best week of the year, while investors looked ahead to Federal Reserve Chair Jerome Powell’s speech...
AMD to acquire server builder ZT Systems for US$4.9 billion in cash and stock
AMD on Monday (Aug 19) said it plans to acquire server maker ZT Systems for US$4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips...
Thai central bank to hold rates until Q2 2025, political turmoil risks early cut
THE Bank of Thailand (BOT) will keep interest rates unchanged on Wednesday (Aug 21) and through Q1 2025 to balance growth with inflation control while assessing the impact of...
Property groups should sell low-yielding investment properties, go slow in raising debt
ACCESS to debt appears fine for Singapore-listed property groups. Frasers Property announced in July that it had secured a sustainability-linked loan amounting to around S$904 million, comprising an Australian...