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Baht soars to 3-year high against Singdollar as it climbs on gold spike, yuan strength
Thai currency’s rise is fuelled by a soft US dollar, recent Fed easing and sharp acceleration in gold prices [SINGAPORE] The baht’s rally has pushed it to hit records...
KGI starts Ever Glory at ‘outperform’ with S$1.20 target amid high construction demand in Singapore
Its asset-light model and careful working-capital management enable disciplined expansion, says analyst [SINGAPORE] KGI Securities has initiated coverage on Ever Glory United with an “outperform” rating and a target...
High coffee prices are changing how consumers take their daily brew
The median price of a regular cup of coffee on menus across the US has risen almost 20% since early 2023[LONDON] Global coffee prices rose to record highs this...
Gold rises as a divided Fed cuts rates; silver hits record high
[BENGALURU] Gold prices rose on Thursday (Dec 11) after the US Federal Reserve cut interest rates, even as policymakers remained split on the outlook for further easing next year,...
California hammered as national job cuts jump to a five-year high
Job cuts across the country are the highest they have been in five years, led by layoffs in California and cutbacks in Washington.California employers announced 173,022 job cuts from...
Europe: Shares close at record high on US data, trade hopes
[BENGALURU] European shares closed at a record high on Friday (Oct 24), boosted by cooler than expected US inflation data and hopes of an easing in US-Chinese trade tensions,...
Whether it’s one rate cut or more, Fed’s Powell likely to act with caution as inflation stays high
US central bank expected to cut rates by 25 basis points to a range of between 4% and 4.25 % this weekA US Federal Reserve rate cut this week...
US: Nasdaq notches record high close, traders look to Fed meeting
[BENGALURU] The Nasdaq notched a record high close on Friday (Sep 12) in a mixed trading session, lifted by Microsoft as investors looked ahead to the Federal Reserve’s policy...
