Real Estate
Oil climbs over 2% after Fed’s Powell indicates US rate cuts
US light crude oil gained more than 2 per cent a barrel on Friday (Aug 23) after comments by US Federal Reserve chair Jerome Powell indicated the central bank...
US dollar falls after Powell greenlights September easing
THE dollar fell and sterling rose to its highest in more than two years on Friday (Aug 23) after Federal Reserve chair Jerome Powell gave an unambiguous signal that...
Bank of England’s Bailey says inflation pressure is on the wane
BANK of England governor Andrew Bailey said on Friday (Aug 23) he thought inflation pressure in Britain’s economy was becoming less stubborn than in recent years, but it was...
Indonesia approves development plan for Eni’s Geng North gas project
INDONESIA has approved a development plan for the first phase of the Geng North gas field operated by Italy’s Eni in the Makassar Strait, the upstream oil and gas...
Sembcorp resumes operations of Myanmar power plant
SEMBCORP Industries has resumed operations of the company’s Myingyan Independent Power Plant in Mandalay, Myanmar. In a bourse filing on Friday (Aug 23), the company said that this follows...
HSBC to double UK wealth business as banks target ‘mass affluent’
HSBC aims to double the assets under management (AUM) in its British wealth business to £100 billion (S$171.5 billion) in the next five years, the division’s head told Reuters,...
Gold edges higher ahead of Powell’s speech, but set for weekly fall
GOLD prices inched higher on Friday, but were set for a weekly loss as investors looked forward to US Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, Wyoming, for...
Australian regulator increases capital add-on requirement for ANZ to A$750 million
AUSTRALIAN prudential regulator on Friday (Aug 23) said it has increased the capital add-on requirement for lender ANZ Group to A$750 million (S$658.5 million), reflecting escalating worries about the...
Vietnam’s move to source renewables directly a big boost to energy independence
The move is critical for the regional manufacturing hub to realise its ambition of hosting more global high-tech firms [HO CHI MINH CITY] Vietnam’s new regulations on direct power purchase agreement (DPPA) for renewable energy...
