Bets
JPMorgan juices bets on the red-hot debt market in Sri Lanka
GLOBAL money managers are turning to Sri Lanka’s local-currency government bonds as a catch-up trade in the country’s red-hot debt market on optimism for a restructuring deal.JPMorgan Asset Management...
Crypto’s memecoin fervour stalls as bets on Fed rate cuts recede
SPECULATIVE zeal in the crypto market is faltering as the path to looser monetary policy in the US becomes more challenging.Coins earlier favoured by the meme-trading crowd such as...
Top capsule-toy maker Bandai bets on huge market outside Japan
BANDAI, the Japanese toymaker that’s enjoying a growth spurt for anime characters, collectible cat figurines and other miniature goods sold in plastic capsules, will open more stores abroad to...
US dollar higher after manufacturing data lowers June rate bets
THE greenback rose on Monday (Apr 1) after data showed the US manufacturing sector grew in March for the first time since September 2022, while the yen loitered below...
US dollar steady as inflation data boosts June rate cut bets; yen in focus
THE greenback was broadly steady on Monday (Apr 1) as data showing easing US prices bolstered bets that the Federal Reserve could cut interest rates in June, while the...
US: S&P, Nasdaq open higher as softening inflation fans rate cut bets
THE S&P 500 and the Nasdaq inched higher at the open on Monday (Apr 1) after the latest inflation print showing moderating consumer prices bolstered hopes of an early...
Amazon bets US$150 billion on data centres required for AI boom
AMAZON.COM plans to spend almost US$150 billion in the coming 15 years on data centres, giving the cloud-computing giant the firepower to handle an expected explosion in demand for...
Tencent’s next big gaming bets draw on viral phenom ‘Palworld’
TENCENT Holdings’s two most accomplished creative studios are making mobile games in the style of this year’s biggest viral hit, Palworld, in hopes of rebooting the company’s core business....
US: Wall Street rises as chipmakers rally, Fed bolsters rate cut bets
THE tech-laden Nasdaq led Wall Street higher on Thursday (Mar 21) as chip stocks rallied following Micron Technology’s upbeat forecast, while investors took comfort in the Federal Reserve sticking...
AstraZeneca bets on new cancer treatments with US$2 billion Fusion Pharma purchase
ASTRAZENECA said on Tuesday (Mar 19) it will buy clinical-stage biopharmaceutical company Fusion Pharmaceuticals for about US$2 billion in cash as the Anglo-Swedish drugmaker bets on next-generation cancer treatments....