News
Elliott takes over US$1 billion stake in Lululemon: source
[VANCOUVER] Activist investor Elliott Management has amassed a stake of more than US$1 billion in Lululemon Athletica and is lining up a potential CEO candidate as it pushes to...
Thai central bank proposes controls on gold trade, ready to cut rates further
[BANGKOK] The Thai central bank is calling on the finance ministry to control gold trading after a surge in transactions helped drive up the value of the baht, its...
Trump says next Fed chair will believe in lower interest rates ‘by a lot’
[WASHINGTON] US President Donald Trump said on Wednesday the next chairman of the US Federal Reserve will be someone who believes in lower interest rates “by a lot.”“I’ll soon...
OCBC users hit by short-lived mobile and online log-in error; bank says issue resolved
[SINGAPORE] OCBC digital users are now able to access mobile and online banking services, following a short-lived outage on Thursday (Dec 18) morning.About 1,000 outage reports were lodged on...
Asian markets track Wall Street lower as AI fears mount
ASIAN markets sank on Thursday after another sell-off on Wall Street as worries over the tech sector’s colossal spending on artificial intelligence continued to dog investor sentiment.Hopes for an...
Chip shortage lingers as Honda to halt output in Japan, China
HONDA Motor will halt production at plants in Japan and China in coming weeks, highlighting the lingering fallout of the global chip shortage.The Japanese carmaker will suspend output in...
Coinbase announces entry into prediction markets, stocks
COINBASE Global has announced its entry into prediction markets and equities trading.The biggest crypto exchange in the US said on Wednesday it’s starting to roll out both services, which...
ANZ hit with second “strike” as shareholders dissent over pay report
AUSTRALIAN lender ANZ Group’s new CEO will forgo his short-term bonus this year, while a significant minority of shareholders opposed the bank’s executive pay report at its 2025 annual general meeting.Shareholders...
Binance weighs US strategy as billionaire Zhao regains clout
Binance has positioned Yi He’s promotion, who is Zhao’s partner, as a sign of stabilityCHANGPENG Zhao has unfinished business.The billionaire co-founder of Binance has stepped back into the spotlight,...
European equities muted as tech valuation concerns linger; UK markets outperform
EUROPEAN shares were little changed on Wednesday with losses in technology stocks offsetting strong performance from basic resources amid lingering concerns over sky-high, AI-fuelled tech valuations.UK markets, meanwhile, advanced after...
