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Bank of Japan chief vows to support economy with monetary stimulus
Bank of Japan chief vows to support economy with monetary stimulus
BANK of Japan Governor Kazuo Ueda said on Thursday the central bank will continue to support the economy by maintaining accommodative monetary conditions for the time being. “Japan’s medium-...
Singapore shares rise at Thursday’s open; STI up 0.6%
Singapore shares rise at Thursday’s open; STI up 0.6%
SINGAPORE shares rose at the opening bell on Thursday (Mar 21) morning, following mixed results in global markets. As at 9.01 am, the Straits Times Index (STI) rose 20.29...
Olam Agri proposes to acquire Australia’s Namoi Cotton for A2 million
Olam Agri proposes to acquire Australia’s Namoi Cotton for A$122 million
OLAM Group’s indirect 64.57 per cent-owned subsidiary, Olam Agri, has launched a non-binding indicative offer to acquire all shares in Australian-listed cotton ginning company Namoi Cotton for A$122 million...
China’s Sinochem buys first oil cargo from Canadian pipeline
China’s Sinochem buys first oil cargo from Canadian pipeline
CHINA’S Sinochem Group has purchased one of the first crude cargoes that will be shipped through a new Canadian pipeline that is designed to move more oil from landlocked...
Institutional investors cool on private market investments: Nuveen survey
Institutional investors cool on private market investments: Nuveen survey
The EQuilibrium 2024 Global Institutional Investor Survey, the results of which were released on Thursday, is Nuveen’s fourth. It covers corporate and government pensions, insurers, endowments and foundations, superannuation...
Meta, Microsoft, X band together against Apple’s App Store plans
Meta, Microsoft, X band together against Apple’s App Store plans
META Platforms, Microsoft, X and Match Group asked a federal judge to reject Apple’s plan for opening its App Store to outside payment options. In a rare joint filing,...
MGM Resorts explores sale of casinos in Ohio and Massachusetts
MGM Resorts explores sale of casinos in Ohio and Massachusetts
MGM Resorts International is exploring the sale of its casino operations at Ohio’s Northfield Park and in Springfield, Massachusetts, according to sources with knowledge of the matter. The company...
US Federal Reserve’s Powell says balance sheet drawdown taper coming soon
US Federal Reserve’s Powell says balance sheet drawdown taper coming soon
THE Federal Reserve is nearing a decision on slowing the pace of its balance sheet run-off, central bank Chair Jerome Powell said on Wednesday, a tapering move that may allow...
Europe: Luxury stocks pressure equities ahead of Fed verdict
Europe: Luxury stocks pressure equities ahead of Fed verdict
EUROPEAN shares were flat on Wednesday, pressured by a sell-off in luxury stocks and in the absence of big bets by investors ahead of a crucial Federal Reserve meeting later...
US: Indices end at records as Federal Reserve confirms plant for 2024 rate cuts
US: Indices end at records as Federal Reserve confirms plant for 2024 rate cuts
MAJOR Wall Street indices surged to fresh records on Wednesday after the Federal Reserve reaffirmed plans for interest rate cuts in the coming months, cheering investors who had feared...