Culture
US: Wall Street opens higher on Fed interest rate-cut expectations
[NEW YORK] Wall Street’s main indexes opened higher on Monday (Nov 24), buoyed by expectations of an imminent Federal Reserve interest rate cut in December, while investors were also...
Saudi Aramco weighs raising billions of dollars from its biggest disposals yet
[RIYADH] Saudi Aramco is considering plans to raise billions of dollars by selling a range of assets, people familiar with the matter said, deals that could rank as its...
Amid AI frenzy, concerns mount over sustainability of equity rally as valuations continue to soar
The bulls say the AI boom is unlike the dotcom boom in that the main players this time are extremely profitable giants such as Microsoft, Alphabet, Amazon and MetaWITH...
Revolut’s valuation hits US$75 billion as it completes fundraising
[SINGAPORE] Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation to US$75 billion.Investors that led the fundraising round...
Rupee gains as RBI returns to defend currency after slump
INDIA’S rupee bounced back after the Reserve Bank of India (RBI) resumed efforts to support it, following a sharp drop last Friday when the central bank appeared to ease...
Singapore beats Hong Kong in gross tonnage registered as more vessels reflag
Higher tonnage in September makes Singapore the fourth-largest ship registry in the world[SINGAPORE] The ship registry of Singapore has pulled ahead of its closest competitor Hong Kong after some...
Thailand eyes tougher gold-trade rules after baht swings
[BANGKOK] Thailand’s central bank plans to tighten reporting rules for gold transactions after rising bullion flows contributed to swings in the baht, prompting policymakers to seek better visibility into...
Malaysia says it plans to ban social media for under-16s from 2026
France, Spain, Italy, Denmark and Greece are also jointly testing a template for an age verification app[KUALA LUMPUR] Malaysia plans to ban social media for users under the age...
Indian central bank likely intervenes to prop up rupee before local market open, traders say
[MUMBAI] The Reserve Bank of Indian likely intervened to support the rupee before the local spot market opened on Monday, four traders told Reuters, putting the currency on track...
Surging Chinese imports of Indonesia oil point to rebranded Iranian crude, traders say
China’s imports from Malaysia have almost halved since July from this year’s peak in March at 8.5 million tonnes[BEIJING] China is importing unusually large quantities of crude oil from...
