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IMF wades into debate over yuan, warns on risk of trade tensions
It’s lending its voice to a debate over distortions caused by a weaker exchange rate[BEIJING] The International Monetary Fund linked China’s booming exports and growing trade imbalances in part...
Airbus CEO concedes likely defeat to Boeing in order race this year
The planemaker remains ahead of its US rival in deliveries and the pipeline of outstanding orders[PARIS] Airbus CEO Guillaume Faury conceded likely defeat in the annual order race against...
SGX’s November securities turnover value up 18%, driven by index stocks and Reits
[SINGAPORE] The trading value and volume of securities on the Singapore Exchange (SGX) rose in November, driven by interest in index stocks and real estate investment trusts (Reits). The...
Coupang CEO resigns over historic South Korean data breach
[SEOUL] Coupang chief executive officer Park Dae-jun resigned over his failure to prevent South Korea’s largest-ever data breach, which set off a regulatory and political backlash against the country’s...
Singapore stocks close flat ahead of Fed interest rate decision
[SINGAPORE] Singapore stocks ended lower on Wednesday (Dec 10), ahead of a policy decision by the US Federal Reserve.The benchmark Straits Times Index (STI) was flat, shedding 1.34 points...
Asian utilities slow to confront climate risk
ASIA might need to grow up when it comes to protecting its power sector against climate-related loss and damage, a new report has suggested.Eleven major power-sector players in Asia...
Nvidia builds location verification tech that could help fight chip smuggling
[SAN FRANCISCO] Nvidia has built location verification technology that could indicate which country its chips are operating in, according to sources familiar with the matter, a move that could...
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion[BENGALURU] Shares of e-commerce firm Meesho jumped about 58 per cent in their debut on...
Amazon announces US$35 billion investment in India
Major US tech firms have poured billions of US dollars into the country this year[BENGALURU] Amazon plans to invest more than US$35 billion in India by 2030 to expand...
Asian stocks in retreat as traders eye Fed decision, tech earnings
ASIAN markets retreated on Wednesday following a tepid day on Wall Street as investors bided their time ahead of a highly anticipated Federal Reserve policy announcement later in the...
