News
Europe’s Stoxx 600 ends steady after multiple-session rally; Puma, Allfunds jump on takeover buzz
EUROPEAN shares ended largely steady on Thursday after three consecutive sessions of gains, driven by rising hopes of a US interest rate cut next month, while Puma jumped on takeover...
China’s tech giants move AI model training overseas to access Nvidia chips: report
Alibaba and ByteDance are among the tech firms training their newest large language models in South-east Asian data centres[BEIJING] Top Chinese firms are training their artificial intelligence models abroad...
OCBC customers unable to log into mobile banking app
[SINGAPORE] OCBC customers are experiencing difficulties logging into the bank’s mobile application on Thursday (Nov 27). On outage tracking site Downdetector, more than 1,400 reports had been made from around...
OCBC’s Internet and mobile banking services fully restored after two-hour outage
[SINGAPORE] OCBC customers experienced difficulties logging into the bank’s mobile application on Thursday (Nov 27). On outage tracking site Downdetector, more than 1,400 reports had been made from around 8.20...
China Taiping Insurance shares hit by over US$200 million exposure to Hong Kong fire
[HONG KONG] Shares of China Taiping Insurance Holdings fell as much as 8 per cent on Thursday (Nov 27) on concerns about its coverage exposure of more than US$200...
China’s low-cost auto parts flood Europe’s biggest car market
Seven in 10 European parts makers now face direct competition from Chinese imports: survey[FRANKFURT] Chinese automotive suppliers are inundating Germany with low-cost components, piling pressure on local manufacturers that...
Singapore stocks track regional gains on Thursday; STI up 0.2%
Across the broader market, gainers outnumber losers 270 to 216 after 1.2 billion securities worth S$1.2 billion change hands.[SINGAPORE] Singapore stocks ended higher on Thursday (Nov 27), tracking gains...
Japan to boost shorter debt to fund stimulus plan; Fitch warns on rating
The focus on short-term debt likely reflects government concern over recent rises in super-long yields[TOKYO] Japan will likely increase issuance of short- and medium-term bonds to fund a massive...
Japan’s Kashiwazaki-Kariwa nuclear plant could restart in January
The prefecture assembly is set to vote on this during its regular session beginning on Dec 2[TOKYO] Japan’s Kashiwazaki-Kariwa nuclear power plant, the world’s biggest, could be restarted as...
Malaysia’s palm oil exports to China down almost 29% to October
Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market[KUALA LUMPUR] Malaysia’s palm oil exports to China...
