BOJ set to hike interest rates in December, but decision on knife-edge: Reuters poll
TOKYO :The Bank of Japan will raise interest rates at its upcoming December meeting, according to a slim majority of economists in a Reuters poll, pushing through with its aim of normalising monetary policy, backed by the yen's recent decline.Prime Minister Sanae Takaichi, a proponent of expans ...
Chinese copper demand sags in busy season after prices surge
A slump in government spending, meanwhile, has kicked away another prop to demand
Hong Kong stock rally meets HK$193.8 billion lockup test ahead
The hefty total reflects a banner year of listings in the city
Asia: Stocks rally as bumber Nvidia report offsets Fed rate concern
ASIAN markets rallied on Thursday after blowout earnings from chip powerhouse Nvidia cooled worries over an AI bubble and overshadowed a Federal...
CDL’s 3QFY2025 update scores upgrade and 73% higher target price from RHB
Jovi Ho - Analysts have mostly raised their target price on City Developments (CDL) following the release of its business update for 3QFY2025 ended Sept 30. Citi Research’s Brandon Lee has the highest target price among a handful of houses here, with a “buy” call and $9.01 estimate as at Nov 18. Still, ...
BOJ board member Koeda calls for policy normalisation
Sharon Lee - [NIIGATA] The Bank of Japan must continue to normalise monetary policy by raising real interest rates to “a state of equilibrium” to...
Nvidia’s Huang says company has plenty of new chips to sell
The China market remains a weak spot due to US export restrictions
Tipping point or bubble? Nvidia CEO sees AI transformation while skeptics count the risks
SAN FRANCISCO :Nvidia CEO Jensen Huang says he does not see an AI bubble, but rather a tipping point.In his view, the kind of computing his company specializes in will come to suffuse everything from writing code to running legions of robots in the everyday world.But a growing band of market skeptic ...
Gold gains with traders awaiting US data for fresh Fed cues
Traders now see nearly a 33% chance for a rate cut at the Fed’s Dec 9 to 10 meeting
Ringgit, baht set to benefit from rate cuts ahead as Asian currencies stabilise: report
Sudeshna Dhar - Countries have also bypassed US to trade with one another in view of tariff risks
Ringgit, Thai baht set to benefit from rate cuts ahead as Asian currencies stabilise: report
Sudeshna Dhar - Countries have also bypassed US to trade with one another in view of tariff risks
Asian currencies to regain ‘much-needed’ stability in 2026: DBS report
Sudeshna Dhar - Countries have also bypassed US to trade with one another in view of tariff risks
Billionaire family turns India’s gold obsession into a fortune
The steady growth has led to three straight years of stock gains for the company, including a 73% rally this year
BOJ policymaker calls for raising interest rates
NIIGATA, Japan :The Bank of Japan must continue to normalise monetary policy by raising real interest rates to "a state of equilibrium" to avoid creating unintended distortions in the future, board member Junko Koeda said on Thursday.The remarks suggest Koeda, an academic who joined the ce ...
Oil rebounds as deadline on US sanctions waiver looms
TOKYO :Oil prices edged higher on Thursday, recovering from losses in the previous session, as markets assessed the latest U.S. proposals to end the war in Ukraine and prepared for a U.S. deadline to cease operations with two major Russian oil firms. Brent crude futures climbed 21 cents, or 0.33 per ...
China leaves benchmark lending rates unchanged for the sixth straight month
October economic data, including a contraction in exports and a further slowdown in retail sales, point to a tougher fourth quarter, analysts...
US approves sale of 35,000 AI chips to UAE’s G42, Saudis’ Humain
The deal is contingent on both companies meeting “rigorous security and reporting requirements”, the Commerce Department says
Wilmar China unit found guilty of contract fraud; will appeal against court decision
Deon Loke - It has been found to be jointly liable for 1.88 billion yuan in losses
Wilmar China unit found guilty of contract fraud, liable for 1.88 billion yuan in losses; looks to appeal judgement
Deon Loke - It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades
Wilmar China unit found guilty of contract fraud, jointly liable for 1.88 billion yuan in losses; will appeal against court decision
Deon Loke - It has been previously sued as an ‘accomplice’ in contract fraud related to palm oil trades
Major music labels strike licensing deals with AI streaming startup Klay, Bloomberg News reports
Universal Music Group, Sony Music and Warner Music Group have licensed their catalogs to Klay, an AI-powered music streaming startup that will let users remake songs using artificial intelligence, Bloomberg News reported on Wednesday, citing people familiar with the deals.Reuters could not immediate ...
CDL divests US$143.5 million residential asset in Silicon Valley area
Therese Soh - Part of the group’s capital recycling and portfolio management, the sale allows it to lower gearing and redeploy capital
China investment bank CICC to acquire two smaller rivals
Beijing is trying to cultivate first-class domestic investment banks capable of standing up to global heavyweights
China’s top investment bank CICC plans three-way merger
The three entities will have a combined capital of 11.3 billion yuan
Japan's Nikkei up 4% after bumper Nvidia results
TOKYO: Japan's Nikkei index jumped 4 per cent on Thursday (Nov 20) after Nvidia reported bumper results and "off the charts" demand for AI chips.The earnings from the bellweather firm will likely
Stocks rally as bumper Nvidia report offsets Fed rate concern
HONG KONG: Asian markets rallied Thursday (Nov 20) after blowout earnings from chip powerhouse Nvidia cooled worries over an AI bubble and overshadowed a Federal Reserve report that dealt a blow to hopes for a December interest rate cut.Global equities have struggled of late owing to warnings that v ...
Australia banking regulator warns on elevated risks from abroad
APRA and other regulatory agencies are attempting to strengthen the system with further work dedicated to geopolitical risk
Stocks to watch: SGX, CSE Global, Manulife US Reit, Keppel Reit, Wilmar, CDL
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Nov 20):
Trump considering executive order to preempt state AI laws
US PRESIDENT Donald Trump is considering an executive order that would seek to preempt state laws on artificial intelligence through lawsuits and...
Asia’s currency-defence war chest has swelled to US$8 trillion
The major central banks in the region have added more than US$400 billion to their reserves this year
CDL sells Silicon Valley multi-family residential asset for US$143.5 mil
Jovi Ho - City Developments’ (CDL) wholly-owned subsidiary, Millennium & Copthorne Hotels, has completed the divestment of a multi-family residential asset in the US for US$143.5 million ($186.8 million) to a US-based institutional investor, according to a Nov 20 bourse filing. The sale price for 1250 L ...
Geely-linked car electronics maker eager to shed Chinese roots
Ecarx’s initial plans for overseas expansion relied largely on exports from China
Healthcare AI company Heidi launches Singapore regional hub
Shikhar Gupta - The company plans to invest US$8 million in South-east Asia in the next two to three years
US authorizes export of advanced American semiconductors to companies in Saudi, UAE
WASHINGTON :The U.S. Commerce Department said on Wednesday it has authorized the export of advanced artificial intelligence chips, the equivalent of up to 35,000 Nvidia Blackwell chips, to two companies in Saudi Arabia and the United Arab Emirates.The companies, G42, which is a state-run AI company ...
