Japan signals chance of currency intervention, yen rises
TOKYO :Japan sees currency intervention as a possibility in dealing with excessively volatile and speculative moves in the yen, Finance Minister Satsuki Katayama said on Friday, in the strongest warning to date against recent falls in the currency. "We are alarmed by recent one-sided, sharp mov ...
Japan ramps up warning of yen intervention, chance of near-term rate hike
TOKYO :Japan on Friday escalated its warning of currency intervention and the central bank governor signalled the chance of a near-term interest rate hike, as authorities sought to combat unwelcome yen falls blamed for pushing up the cost of living.The yen is down around 6 per cent since Prime Minis ...
Singapore upgrades 2025 GDP growth forecast to ‘around’ 4% after better-than-expected 3Q2025
Felicia Tan - The Ministry of Trade and Industry (MTI) has upgraded its GDP growth forecast for 2025 to “around” 4%, from 1.5% to 2.5% previously, after Singapore’s economy did better than expected in the 3Q2025. During the quarter, Singapore’s GDP expanded by 4.2% y-o-y, up from the 2.9% advance estimate ...
Stocks to watch: Hongkong Land, ComfortDelGro, IReit Global, Coliwoo
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Nov 21):
Singapore raises 2025 growth forecast to ‘around 4%’, expects 1-3% growth in 2026
Low Youjin - The upgrade is due to better-than-expected Q3 performance, driven by AI chips
Singapore narrows 2025 NODX forecast to ‘around 2.5%’, expects ‘moderated growth’ in 2026
Paige Lim - Enterprise SG expects NODX to grow by 0 to 2% in 2026, in line with the global trade outlook
Singapore upgrades 2025 GDP growth forecast to around 4% after third quarter beats estimates
Singapore's economy grew 4.2 per cent in the third quarter, higher than the 2.9 per cent advance estimate.
Deutsche Bank warns of Japan capital flight in echo of UK crisis
Concerns over Takaichi’s spending plans have sent government bond yields to multi-decade highs and the yen has weakened to its lowest level...
Japan's core inflation accelerates in October, stays above BOJ target
TOKYO :Japan's core consumer prices rose 3.0 per cent in October from a year earlier, data showed on Friday, staying above the central bank's 2 per cent target and keeping alive expectations of a near-term interest rate hike.The increase in the core consumer price index (CPI), which exclud ...
US lawmakers target Chinese chipmaking equipment imports by Chips Act grant recipients
The bill targets a range of chipmaking tools from complex lithography equipment to machines that slice and dice the silicon wafers on...
Japan Oct core CPI rises 3.0% yr/yr
TOKYO, Nov 21 : Japan's core consumer prices rose 3.0 per cent in October from a year earlier, government data showed on Friday.The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 3.0 per cent annual gai ...
Verizon cutting more than 13,000 jobs as it restructures
Most of the cuts are to its US workforce
Foxconn, OpenAI partner on AI hardware manufacturing
Foxconn will collaborate with U.S.-based OpenAI to design and engineer data center racks, components, and other artificial intelligence hardware, the Taiwanese company said on Thursday, as both firms seek to capitalize on booming demand for AI infrastructure.While the initial agreement does not incl ...
Japan tourism faces US$1.2 billion hit on China rift; Singapore sees new bookings rise
Most Chinese airlines are waiving cancellation fees on tickets to Japan, accelerating cancellations
US Fed fractures deepen as Barr signals inflation concern
Investors now see about a 40% probability of a rate cut at the December meeting, according to pricing in futures contracts
Oil slides as US pushes for Russia-Ukraine peace deal
[HOUSTON] Oil prices fell on Thursday (Nov 20) as the administration of US President Donald Trump pushed for Ukraine’s acceptance of a...
US: Wall Street indexes end lower after sharp reversal, tech leads decline
Investors have worried about lofty technology valuations amid concerns over steep AI spending, with the Nasdaq now sharply off its October high
US SEC dismisses case against SolarWinds, top security officer
The U.S. Securities and Exchange Commission on Thursday said it has dropped its closely watched litigation against SolarWinds Corp and its top security officer that was tied to a Russia-linked cyberattack involving the software firm. The landmark case, which SEC brought in late 2023, rattled the cyb ...
Europe: Shares advance on Nvidia results lift; investors assess US jobs data
AI equipment makers that have benefited from the technology boom gained 2.9%
Condo sellers face longer waits, more selective buyers amid flurry of new launches
While demand remains steady, property agents say some condo units are now taking months rather than weeks to sell.
Commentary: Have we reached peak Nvidia?
If history from the dot-com crash repeats itself, 2026 might be the hangover investors have been fearing, says Dave Lee for Bloomberg Opinion.
US FCC votes to advance wireless spectrum auction, avoid aviation standoff
WASHINGTON :The Federal Communications Commission voted 3-0 on Thursday to advance plans to auction key wireless spectrum crucial for advanced technology uses and aims to head off another confrontation between airlines and telecom companies.The FCC said it was considering whether some C-Band wireles ...
SoftBank to invest $3 billion in Ohio factory for OpenAI data center, The Information reports
SoftBank plans to invest up to $3 billion to overhaul an electric vehicle facility in Lordstown, Ohio, which will produce equipment for OpenAI’s forthcoming data centers after being remodeled, The Information reported on Thursday.The plant will manufacture equipment for data centers in Milam Count ...
Repositioning of IReit Global’s Berlin asset to have ‘significant impact’ on DPU
Janice Lim - Excluding the Berlin Campus, it has a portfolio occupancy of 89% in Q3
AI boom brings fresh risks to US markets, and more money to M&A
NEW YORK :The AI boom is bringing new risks to the financial markets as investors flock to tech stocks and executives pay steep premiums to buy AI technology they can't build in-house, warned two top finance executives.AI has become the “number one topic of conversation” for both investors ...
Germany plans to boost funding for European Space Agency, says minister
BERLIN :Germany plans to significantly increase funding for the European Space Agency, with Research Minister Dorothee Baer set to pledge up to 5 billion euros ($5.76 billion) at the ESA's conference in the north-western city of Bremen next week."It will definitely be more than three years ...
HSBC overhauls trading business in bid to become debt powerhouse
The firm will merge Group-of-10 rates trading unit with FX, EM rates and commodities desks into a new global macro division
With more growth engines revving, Singtel marches towards the $5 mark
The Edge Singapore - For years, Singapore Telecommunications’ (Singtel) share price was rangebound around $2.50 after the stock fell out of favour when it was forced to cut dividends. In July, the share price recovered and crossed the $4 mark as the market finally recognised the latent value the telco held through its ...
US: Wall Street opens sharply higher after Nvidia earnings, jobs data
[NEW YORK] Wall Street’s main indexes jumped at the open on Thursday (Nov 20) as technology stocks received a boost after Nvidia’s...
Walmart jumps to Nasdaq in biggest exchange transfer on record
The move reflects the world’s biggest retailer’s technology-forward approach
Slippery when wet from high liquidity
Chew Sutat - As the world spun from one season to the next and Singapore settled in for a wet November, Chew on This spent Halloween together with a local corporate finance firm’s staff in period costumes in Beijing to assess the commercial and consumer mood on the ground in China. While its citizens are not q ...
IREIT Global portfolio committed occupancy at 89% for 3QFY2025
Nicole Lim - IREIT Global has reported a portfolio committed occupancy of 89% for the 3QFY2025 ended Sept 30, down from the 89.5% reported in the previous quarter. The REIT’s weighted average lease expiry (WALE) for the period came in at 5.6 years. For the period ended Sept 30, the REIT’s aggregate leverage ...
US weekly jobless claims fall; continuing claims increase
[WASHINGTON] The number of Americans filing new applications for unemployment benefits fell last week, but more out of work people are struggling...
Waymo to broaden US robotaxi footprint with moves into Minneapolis, Tampa, New Orleans
Alphabet's Waymo will expand its robotaxi operations to Minneapolis, Tampa and New Orleans in the coming days, the ride-hailing service provider said on Thursday, as it accelerates the broad rollout of its services in the U.S.The company said it will begin operations in the new markets with hum ...
