US dollar rally stalls after rare FX warning from finance chiefs
THE US dollar fell for a second day on Thursday (Apr 18) after a rare warning by the finance chiefs of the United States, Japan [more]
ROE target of 14% is ‘decent’ for UOB: CEO Wee Ee Cheong
UOB’S target to achieve a return on equity (ROE) of 14 per cent is “decent”, said UOB group chief executive and deputy chairman Wee Ee [more]
War insurance may attract more funds despite heightened risk, says underwriter
THE appetite for insurance that provides cover against damage resulting from acts of war or terrorism could grow bigger amid rising geopolitical tensions because people [more]
Daily Debrief: What Happened Today (Apr 18)
Stories you might have missedCondo rents inch up after 7-month decline; volumes recover: SRX, 99.coSINGAPORE condominium rents rebounded slightly in March after seven straight months [more]
Tata to use new US$1 billion plant to make Jaguar Land Rover cars
INDIA’S Tata Motors will manufacture Jaguar Land Rover (JLR) luxury cars at a US$1 billion plant that it is planning to build in the southern [more]
China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses
A CHINESE national who absconded after he was charged with authorising Singaporeans to front his purchase of landed properties worth millions of dollars has been [more]
Latest Singapore one-year T-bill offers cut-off yield of 3.58%
SINGAPORE’S latest one-year tranche of Treasury bills (T-bills) is offering a cut-off yield of 3.58 per cent, according to auction results released on Thursday (Apr [more]
Singapore ready to tap economic opportunities in Philippines: Vivian Balakrishnan
THE Philippines is “a very fertile ground” with a lot of potential still waiting to be tapped, and Singapore can play a role in the [more]
Singapore ready to harvest economic opportunities in the Philippines: Vivian Balakrishnan
THE Philippines is “a very fertile ground” with a lot of potential still waiting to be tapped, and Singapore can play a role in the [more]
Binance converts its billion-dollar ‘Safu’ emergency fund into USDC
THE world’s largest crypto exchange Binance has converted the entire pool of assets held in an emergency fund for users into USDC, the stablecoin issued [more]
Asia: Markets rise as traders consider US rate outlook
ASIAN markets rose on Thursday with traders mulling the outlook for US interest rates as Federal Reserve officials questioned the need for a cut anytime [more]
BHP to decide on future of nickel business by August, trims met coal estimates
BHP Group on Thursday (Apr 18) said it expects to announce the fate of its Western Australian nickel operations by August, while it trimmed fiscal [more]
South Korea’s LG Electronics plans to raise up to US$1 billion with dollar bonds: sources
SOUTH Korea’s LG Electronics is aiming to raise up to US$1 billion in a US dollar bond deal, according to three sources with direct knowledge [more]
Apple CEO to meet Lawrence Wong to wrap whirlwind Asia tour
APPLE chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive South-east Asia tour in years, searching for [more]
Apple CEO to meet Lawrence Wong at end of whirlwind Asia tour; firm to invest US$250m to expand Ang Mo Kio campus
APPLE chief executive officer Tim Cook will meet Singapore’s Deputy Prime Minister (DPM) Lawrence Wong at the tail end of his most extensive South-east Asia [more]
Singapore’s first RoboCluster launched for facilities management, to turn R&D into market solutions
FACILITIES management has become the first sector to participate in Singapore’s RoboCluster initiative, which brings together researchers, end-users and robotics companies to develop market-ready solutions. [more]
Bank of Japan’s Noguchi says future rate hikes likely to be slow
BANK of Japan board member Asahi Noguchi said on Thursday that the pace of future rate hikes by the central bank will likely be far [more]
Condo rents inch up after 7-month decline; volumes recover: SRX, 99.co
SINGAPORE condominium rents rebounded slightly in March after seven straight months of decline, supported by healthy leasing demand from renters who returned after the festive [more]
China reiterates need for steady yuan amid fragile confidence
CHINA reiterated the need to prevent one-sided moves in the yuan, as a resurgent US dollar and poor risk sentiment pressure currencies across Asia.The nation [more]
Singapore loses ‘world’s best airport’ crown to Qatar
THE race for the “world’s best airport” crown has been a two-horse affair in recent years, with Doha’s Hamad International and Singapore Changi leading the [more]
Elon Musk stakes fortune on cult following who made him rich
ELON Musk is making one of his biggest asks of Tesla investors yet.It was one thing for shareholders to approve his moonshot pay package in [more]
Even without war in the Gulf, pricier petrol is here to stay
WHEN Iran’s missiles whizzed towards Israel on Saturday night (Apr 13), oil markets were closed. When they opened on Monday, their reaction was a loud [more]
Gold gains as Middle East tensions lift safe-haven appeal
GOLD prices climbed on Thursday (Apr 18) as concerns about the Middle East war extending to other regions boosted demand for the safe-haven metal.Spot gold [more]
New Cadence supercomputers aim to speed creation of chips, software
CADENCE Design Systems on Wednesday (Apr 17) introduced the latest version of supercomputer based around a custom computing chip designed to speed up the creation [more]