Dollar set for worst week since July as traders maintain bets on December rate cut
LONDON :The U.S. dollar was heading for its worst weekly performance since late July on Friday as investors increasingly count on further monetary easing in December by the Federal Reserve, while Thursday's U.S. holiday thinned liquidity. An outage due to a cooling issue at CME Group's Cyr ...
US dollar set for worst week since July as Fed rate cut looms
NEW YORK :The U.S. dollar was heading for its worst weekly performance since late July on Friday as traders increased bets that the Federal Reserve will cut rates again next month. An overnight outage due to a cooling issue at CME Group's CyrusOne data centres, meanwhile, halted trade on its wi ...
Explainer-Keeping cool: heat a key challenge for data centers and AI
STOCKHOLM/LONDON :The global boom in data centers as companies increasingly outsource information storage and ramp up use of energy-intensive artificial intelligence is creating a key challenge for the industry - how to keep cool.An outage at the world's biggest exchange operator CME Group from ...
Autobahn, Shariot group seek moratorium amid S$304 million debt; DBS, OCBC, UOB, car dealers among major creditors
Derryn Wong - DBS owed S$94.8 million, Teck Wei Credit, S$70 million; hearing set for Dec 2
Autobahn, Shariot group seek moratorium amid S$180 million debt; DBS, OCBC, UOB, car dealers among major creditors
Derryn Wong - Teck Wei Credit is owed S$70 million and DBS, S$54.2 million; hearing set for Dec 2
Autobahn, Shariot group seek moratorium amid S$180 million debt; DBS, UOB, OCBC, car dealers among major creditors
Derryn Wong - Teck Wei Credit is owed S$70 million and DBS, around S$54 million; hearing set for Dec 2
DBS, OCBC, UOB among those owed S$304 million by Autobahn, Shariot group; white knight in talks
Derryn Wong - DBS owed S$94.8 million, Teck Wei Credit, S$70 million; hearing set for Dec 2
Investors snap nine-week buying streak in global equity funds
Global equity funds saw their first weekly outflow in 10 weeks in the week to November 26, as concerns about stretched valuations, particularly in the tech sector, outweighed optimism around expected U.S. interest rate cuts next month.According to LSEG Lipper data, investors withdrew a net $4.48 bil ...
Fair value losses drag LHN H2 net profit down 82.7% to S$5.9 million
Navene Elangovan - The board has proposed a special dividend of S$0.02 for FY2025
‘Lost their life savings’: Tokenize Xchange users sue founder and wife for over S$60 million in lost crypto assets
Deon Loke - The firm owes its customers about S$266.3 million but has only S$2.6 million in realisable assets, interim judicial manager report reveals
Singapore Fintech Festival’s 10th edition drew over 70,000 participants from over 142 countries
Nicole Lim - The 10th edition of the Singapore Fintech Festival has concluded, with more than 70,000 participants from 142 countries and regions, the largest global attendance to date. The theme for this edition, Technology Blueprint for the Next Decade of Finance, spotlighted artificial intelligence, tokenisati ...
Nexperia's Chinese parent says company's Dutch unit seeking to permanently strip its control
BEIJING :Wingtech, the Chinese parent company of Netherlands-based Nexperia, said on Friday that the Dutch unit was conspiring to create a non-Chinese supply chain and permanently strip it of its control.Wingtech was responding to an open letter published by Nexperia's Dutch unit on Thursday in ...
Scientists solve the mystery of the prehistoric 'Burtele Foot'
WASHINGTON :Scientists have solved the mystery of 3.4 million-year-old fossils called the "Burtele Foot" discovered in Ethiopia in 2009, finding they belonged to an enigmatic human ancestor that lived alongside another closely related species during a poorly understood time in human evolut ...
Property measures on the horizon?
The Edge Singapore - A CLSA report suggests that property measures could be implemented if residential property prices continue to rise. Residential property prices rose 2.7% year-to-date for the nine months to end-Sept. Sales volume appears to be on track for 10,000 to 11,000 units for this year. New supply isn’t exc ...
Crypto hoarding company shares under pressure as risk appetite wanes
Fresh turbulence in the crypto market is weighing on shares of companies that stockpile bitcoin and other tokens on their balance sheets, stoking concerns over stress in the niche but fast-growing sector.Buoyed by U.S. President Donald Trump's crypto-friendly stance and inspired by the meteoric ...
Daily Debrief: What Happened Today (Nov 28)
Stories you might have missed
Exclusive-Amazon, Flipkart take aim at India's banks with new consumer loan offerings
MUMBAI :Amazon is preparing to offer loans to small businesses in India, while Walmart-owned Flipkart is looking at buy-now, pay-later (BNPL) products as the e-commerce giants take on the country's banks with a push into financial products. Amazon acquired Bengaluru-based non-bank lender Axio e ...
Camden Park GCB being sold for S$48 million to Centurion Corp’s Kelvin Teo
Ry-Anne Lim - The bungalow belonged to late architect Ho Kok Hoe, whose sons put it up for sale at S$55.9 million
Google ditches EU antitrust complaint about Microsoft cloud amid EU probe
BRUSSELS :Alphabet's Google on Friday dropped its EU antitrust complaint about rival Microsoft's cloud computing practices, a week after EU regulators launched an investigation to see if Microsoft should be subject to rules aimed at curbing its power in this sector.Last year, Google took i ...
Singapore stocks gain more ground on Friday as regional peers close mixed
Benjamin Cher - STI gains 0.3% or 14.62 points to finish at 4,523.96
Markets Swing on Rate-Cut Bets as Google Reshapes the AI Race
Claressa Monteiro - Rate-cut bets surge, Google disrupts the AI race, Japan faces economic crosswinds, and the rupee struggles. Here’s what moved Asia’s markets this...
LTA to refund overcharged tax on 1,700 vehicles
Jessie Lim - Move to correct a discrepancy between road tax collected and rates stipulated for the period between August 2022 and Nov 30, 2025
LTA to refund S$1.4 million in road tax on 1,700 vehicles following error on published rates
Jessie Lim - The move is to correct a discrepancy between road tax collected and rates stipulated for the period between August 2022 and Nov...
Taiwan 2025 GDP growth forecast hits 15-year high on surge in AI demand
TAIPEI :Taiwan's tech-heavy economy is expected to grow at its fastest pace in 15 years, riding the wave of demand for artificial intelligence (AI) technology, the statistics office said on Friday, though U.S. tariffs are likely to cloud the outlook next year.Gross domestic product (GDP) is exp ...
Taiwan raises 2025 GDP growth forecast on surge in AI demand
TAIPEI :Taiwan's tech-reliant economy is expected to grow faster than previously expected in 2025, riding the wave of demand for artificial intelligence (AI) technology, the statistics office said on Friday.Gross domestic product (GDP) is expected to expand by 7.37 per cent this year, the Direc ...
Putting Pompeii's pieces together, with the help of a robot
POMPEII, Italy :Pompeii's ancient Roman frescoes, shattered and buried for centuries, could get a second life thanks to a pioneering robotic system designed to support archaeologists in one of their most painstaking tasks: reassembling fragmented artefacts.The technology, developed under an EU- ...
JPMorgan sees DBS at S$70 in a year’s time; with potential S$3.30 dividend for years
Therese Soh - Its analysts also upgrade OCBC, SGX to ‘overweight’; see volatility for UOB
JPMorgan warns DBS could turn ‘unjustifiably expensive’, flags volatility for UOB
Therese Soh - JPMorgan analysts assign DBS a S$70 price target for December 2026
EU says Apple Ads and Maps likely qualify as gatekeepers, Apple disagrees
BRUSSELS :The European Commission said on Friday that Apple's Apple Ads and Apple Maps likely meet the thresholds to be considered "gatekeepers" as defined by the Digital Markets Act, a designation the U.S. tech giant immediately disputed.So-called gatekeepers have to adhere to a stri ...
Apple tells EU Commission it meets Digital Markets Act (DMA) thresholds
BRUSSELS :U.S. tech giant Apple told the European Commission its core platform services Apple Ads and Apple Maps meet the thresholds set by the Digital Markets Act, the Commission said in a statement on Friday.The EU Commission has 45 working days to decide whether to designate Apple as a gatekeeper ...
EU to examine if Apple Ads and Maps subject to tough rules, Apple says no
BRUSSELS :EU antitrust regulators will examine whether Apple's Apple Ads and Apple Maps should be subject to the onerous requirements of the bloc's digital rules after both services hit key criteria, with the U.S. tech giant saying they should be exempted.Apple's App Store, iOS operat ...
SAC Capital initiates coverage on Reclaims Global with ‘buy’ call and target price of 49.7 cents
Teo Zheng Long - SAC Capital analyst Daniel Ng has initiated a “buy” call on integrated construction services provider Reclaims Global with a target price of 49.7 cents. In his Nov 27 report, Ng notes that the company has built an established operating track record supported by a sizeable inhouse fleet and an en ...
South-east Asia’s family conglomerates at a turning point: New growth, fresh talent key to keeping their edge
Sharanya Pillai - Without intervention, their inherent advantages could wane
‘The next billionaires’: Malaysia’s electrical firms to gain from data centre boom, says report
Sudeshna Dhar - The market capitalisation of MEP businesses has compounded by nearly three times from 2024 to late 2025
