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HKMA cuts interest rate, tracking US Fed move
Hong Kong interest rates could remain at relatively high levels for some time, says chief executiveTHE Hong Kong Monetary Authority (HKMA) on Thursday (Dec 19) cut its base interest...
Malaysian Resources exits high-speed rail bid, Berjaya says
MALAYSIAN Resources has withdrawn from a consortium that is bidding for a proposed multi-billion dollar high-speed rail (HSR) line between Kuala Lumpur and Singapore, according to one of its...
Battery-maker CATL considers Hong Kong listing to raise US$5 billion
CONTEMPORARY Amperex Technology Co Limited (CATL) is considering a second listing in Hong Kong that could raise at least US$5 billion, making it the city’s biggest since early 2021,...
Japan brokerages boost pay, perks for retirement-age staff
JAPAN’S biggest securities firms are raising pay and benefits for workers who reach retirement age, highlighting the urgency to retain talent in one of the world’s fastest-ageing countries.Workers who...
Gold at one-month low after Fed flags slower rate cut pace next year
GOLD prices languished near a one-month low on Thursday (Dec 19) after the US Federal Reserve indicated it would slow the pace of its monetary policy easing cycle next...
Bank of England set to skip rate cut as stagflation looms
THE Bank of England (BOE) is likely to warn of only gradual interest-rate cuts in 2025, ending the year with a cautious message to investors as the spectre of...
US backs off effort to recall about 50 million airbag parts
US AUTO safety regulators backed down from forcing a recall of about 50 million airbag inflators they have said could explode in a crash, de-escalating a fight that has...
Stocks to watch: Asia-Pacific Strategic Investments
THE following company saw developments that may affect the trading of its securities on Thursday (Dec 19): Asia-Pacific Strategic Investments: The Catalist-listed company has agreed to operate and manage...
Stocks to watch: Yeo Hiap Seng, Asia-Pacific Strategic Investments
THE following companies saw developments that may affect the trading of their securities on Thursday (Dec 19): Yeo Hiap Seng: The beverage manufacturer on Thursday said it would lay...
Apple halts effort to build iPhone hardware subscription service
APPLE has halted work on a project to build an iPhone hardware subscription service, according to sources familiar with the matter, retreating from an attempt to change the way...
