News

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...
Vietnam amends law to ban exports of raw rare earth minerals
Only companies with government approval will be permitted to exploit, process and use rare earths[HANOI] Vietnam’s parliament moved to ban exports of raw rare earth resources as part of...
Asian markets diverge post Fed cut, with analysts expecting short-term relief rally
Asia markets end mixed as the STI and KLCI gain, while Hang Seng, Nikkei and Kospi retreat[SINGAPORE] Markets will likely rally in the short term, after the US Federal...
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...
Keppel Reit to acquire additional one-third stake in MBFC Tower 3
Unitholders entitled to 23 units for every 100 existing units at S$0.96 each; acquisition to affect DPU[SINGAPORE] Keppel Reit has agreed to acquire an additional one-third interest in Marina...
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
Stocks to watch: Keppel, 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
Trump demands CNN get new owners in Warner bidding war
US PRESIDENT Donald Trump said on Wednesday that he wants to ensure CNN gets new ownership as part of the Warner Bros Discovery sale, targeting the news outlet he...
Hong Kong central bank cuts interest rate, tracking Fed move
[HONG KONG] The Hong Kong Monetary Authority (HKMA) lowered on Thursday (Dec 11) its base interest rate charged via the overnight discount window by 25 basis points to 4.0...
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...