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More dissenters could signal increased resistance to future Fed rate cuts
Investors should be positioned for the Fed to continue easing at least once more in 2026, say analystsTHE US Federal Reserve’s expected interest rate cut and its surprisingly rosy...
China’s ZTE may pay more than US$1 billion to the US over foreign bribery allegations: sources
ZTE said it is engaged in “ongoing communication” with the US Justice DepartmentCHINESE telecom equipment maker ZTE Corp may pay more than US$1 billion to the US government to...
Li Ka-shing’s US$19 billion ports sale slows due to complex talks
CK Hutchison has said that it would not proceed with a transaction that did not have the approval of all relevant authorities[HONG KONG] Hong Kong tycoon Li Ka-shing’s attempt...
Butter, milk and cheese prices slide as ‘stunning’ production floods global markets
[WELLINGTON] Butter, milk and cheese prices are falling as a surge in global milk production floods the market, prompting warnings of a looming period of weak prices.“Too much milk...
AI’s US$400 billion problem: Are chips getting old too fast?
Cloud computing giants assumed that their chips and servers would last about six yearsIN PURSUIT of the AI dream, the tech industry this year has plunked down about US$400...
Malaysia’s long-awaited electric train service linking KL and JB makes its debut in preview run
[KUALA LUMPUR] Just before dawn broke on Dec 11, Malaysia’s new electric train service (ETS) linking Kuala Lumpur to Johor Bahru rolled out of the Kuala Lumpur Railway Station...
Gold rises as a divided Fed cuts rates; silver hits record high
[BENGALURU] Gold prices rose on Thursday (Dec 11) after the US Federal Reserve cut interest rates, even as policymakers remained split on the outlook for further easing next year,...
Stocks to watch: Keppel Reit, CLI, MPACT, Ultragreen.ai, Ossia
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Dec 11): Source link
Former Cathay cinema operator mm2 gets lifeline after High Court shields it from creditors for 4 months
The company will need to devote its “somewhat finite bandwidth” to restructuring in the coming weeks[SINGAPORE] Former Cathay Cineplexes operator mm2 Asia has been given a lifeline after the...
Indonesia to levy gold export duties from Dec 23
The taxes will rise to between 10% and 15% once the reference price reaches US$3,200 per troy ounce[JAKARTA] Indonesia will impose duties on exports of gold products from Dec...
Intel pursued deals that boosted CEO Tan Lip-Bu’s fortune: sources
Some chip-industry analysts have said in research notes that they welcomed Tan’s industry relationships[SAN FRANCISCO] When the chairman of artificial intelligence (AI) chip startup Rivos wanted Intel to bid...
Operating autonomous vehicles in Singapore has ‘symbolic value’ despite small market size: Pony.ai CEO
It is partnering ComfortDelGro to launch commercial autonomous vehicle services in the city-state[SINGAPORE] The Chinese self-driving technology firm Pony.ai has been looking beyond the mainland Chinese market in the...