Culture
US Fed’s Goolsbee welcomes latest inflation data, says more rate cuts may loom
FEDERAL Reserve Bank of Chicago President Austan Goolsbee said on Thursday fresh inflation data is “good” and if it can be sustained it…
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Culture
Culture
Instacart to pay US$60 million to settle FTC claims it deceived shoppers
INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery…
Culture
FedEx CEO’s sweeping network overhaul is starting to bear fruit
FedEx offered investors a sign that chief executive officer Raj Subramaniam’s turnaround plan may be worth the wait. The shipping…
Culture
Oil prices settle slightly higher as market assesses mounting supply risks
Oil prices settled marginally higher on Thursday as investors assessed the likelihood of further US sanctions against Russia and the…
Culture
European shares gain after US inflation data, ECB rate decision aids investor optimism
EUROPEAN shares made broad-based gains on Thursday, with lower-than-expected US inflation strengthening hopes for Federal Reserve interest…
Culture
US stocks close higher fuelled by tech rally, soft inflation data
WALL Street’s main indexes closed higher on Thursday as a soft inflation report fed expectations for interest rate cuts by the Federal…
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Wall Street opens higher as inflation eases; forecast boosts Micron
Wall Street’s main indexes opened higher on Thursday (Dec 18) after softer-than-expected inflation data boosted expectations for more…
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ECB holds rates with growth firmer and inflation near target
Policymakers give no guidance on next steps, saying decisions will be made meeting by meeting on data The European Central Bank (ECB) left…
Culture
UBS plans January job cuts to kick off final year of integration
UBS Group is set to begin its latest wave of job cuts in mid-January, according to people familiar with the matter. That step will be…
Culture
Trump Media, fusion power firm TAE Technologies combine in US$6 billion deal
Under the deal, shareholders of both companies will own about 50% of the combined entity US President Donald Trump’s social media firm is…
Culture
IndiGo faces India antitrust scrutiny after mass flight cancellations
Disruptions highlight risks of the 90% IndiGo-Air India duopoly in India’s air market India’s competition regulator said on Thursday (Dec…
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Bank of England lowers rates after tight vote but signals caution about further cuts
Five MPC members vote to lower the benchmark rate for the fourth time in 2025 to 3.75% The Bank of England (BOE) cut interest rates on…
Culture
China solar industry’s losses narrowing on overcapacity push, association says
Losses in China’s slumping solar sector narrowed in the third quarter, data presented by an industry group official revealed, as the…
Culture
Singapore stocks track Wall Street declines; STI down 0.1%
Across the broader market, losers beat gainers 286 to 236, as 883.5 million securities worth S$1.1 billion change hands Singapore shares…
Culture
BlueSG disposes old EVs ahead of relaunch in 2026
The LTA blocks the transfer of Bluecars to Tribecar due to EV Sharing Scheme restrictions Ahead of its planned relaunch in 2026,…
Culture
Elliott woos other Toyota Industries investors in buyout fight
Elliott Investment Management has been approaching asset managers and other institutional investors in Japan to build support for its…
Culture
Google works to erode Nvidia’s software advantage with Meta’s help
The effort is part of Google’s aggressive plan to make its TPU a viable alternative to Nvidia’s GPUs Alphabet’s Google is working on a new…
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India insurance move opens pension firms to 100% foreign holding
The move comes amid a surge in foreign investment in Indian banks and deeper reliance on Indian tech hubs India’s move to lift investment…
Culture
Elliott takes over US$1 billion stake in Lululemon: source
Activist investor Elliott Management has amassed a stake of more than US$1 billion in Lululemon Athletica and is lining up a potential CEO…
Culture
South Korea digs deeper into intervention toolkit as won slides
The won has been Asia’s worst-performing currency in the second half of the year In South Korea, calls for action to stem the won’s…
Culture
StanChart, Ant International launch blockchain-based tokenised deposits in Singdollar, greenback
The new solution demonstrates how businesses can use blockchain technology to make transactions faster, more secure and more efficient…
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Thai central bank proposes controls on gold trade, ready to cut rates further
The Thai central bank is calling on the finance ministry to control gold trading after a surge in transactions helped drive up the value…
Culture
Gold steady ahead of key US inflation data; silver near record highs
GOLD prices were steady on Thursday, supported by dovish Federal Reserve signals but restrained by a resilient dollar ahead of key US…
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Trump says next Fed chair will believe in lower interest rates ‘by a lot’
US President Donald Trump said on Wednesday the next chairman of the US Federal Reserve will be someone who believes in lower interest…