Leadership
US: Dow closes at record high as tame inflation report also lifts small caps
THE blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap stocks...
China-linked stocks climb on bevy of stimulus measures
US-LISTED shares of Chinese firms and China-focused funds jumped on Friday (Sep 27) and are set for another day of strong gains, aided by the latest in a line...
News Corp-owned REA sweetens takeover offer for UK’s Rightmove to US$8.3 billion
AUSTRALIA’S REA Group, owned by Rupert Murdoch controlled-News Corp, bumped up its takeover bid for Rightmove to £6.2 billion (S$10.6 billion) on Friday (Sep 27), after the UK company...
Australia’s Star plunges after US$1.2 billion loss; responds to show-cause notice
SHARES in Australian casino operator Star Entertainment slumped more than 50 per cent to a record low on Friday (Sep 27), as it resumed trading a day after posting...
LVMH chief Arnault wins big on China stimulus with US$17 billion wealth surge
BERNARD Arnault entered Thursday (Sep 26) having lost more wealth this year than any other billionaire, with his luxury-goods fortune slumping by US$24 billion.Then China’s top leaders gave the...
UBS in talks on Indian minority-owned wealth joint venture, sources say
This may be the second country in the Asia-Pacific region where UBS enters an equity partnership with a local playerUBS has been in talks to form an Indian wealth...
Indonesia aims for US$1.5 billion restructuring at Krakatau Steel
THE Indonesian government aims to finalise a loan restructuring agreement between the nation’s biggest steelmaker Krakatau Steel and its lenders next month, sources said.The state-owned company and its banks...
Eurozone government bond yields drop after inflation data
Germany’s 10-year bond yield is down 3.5 bps at 2.14%, and its two-year bond yield fell three bps to 2.08%EUROZONE government bond yields dropped on Friday (Sep 27) after...
