News
Nvidia rebuts critics in memo to analysts amid pushback campaign
[SAN FRANCISCO] Nvidia, the world’s most valuable company, has gone on the defensive against skeptics of its US$4.5 trillion valuation, down from a historic US$5 trillion, by waging an...
Tether stablecoin stability rating reduced to ‘weak’ at S&P
A crash in Bitcoin’s price this month has left the asset on track for its worst monthly performance[LONDON] The ability of Tether’s USDT stablecoin to maintain its peg to...
Gold steadies at near two-week high as investors weigh Fed rate-cut bets
US rate futures are pricing in an 85% chance of a rate cut in December, according to the CME’s FedWatch tool[BENGALURU] Gold prices remained steady on Thursday (Nov 27)...
CEOs in Singapore have greater staying power than global peers: report
Outgoing chief executives of STI companies average about 8.8 years in the role versus 7.2 years globally[SINGAPORE] Chief executive officers in Singapore last longer than the global average, according...
Pentagon cited Alibaba on China military aid in Oct 7 letter
[WASHINGTON] The Pentagon concluded that Alibaba Group Holding, Baidu and BYD should be added to a list of companies that aid the Chinese military, according to a letter to...
Apple contests India’s antitrust penalty law with risk of US$38 billion fine, filing shows
[NEW DELHI] Apple is challenging India’s new antitrust penalty law under which the US company could potentially face a fine of up to US$38 billion, a court filing at...
New Zealand central bank says economic recovery picking up
[AUCKLAND] Early indicators suggest the economy had been expanding during the second half of this year and demand had stabilised, Reserve Bank of New Zealand Governor Christian Hawkesby told...
Campbell’s responds to ‘absurd’ charge it uses 3D-printed chicken
FOOD giant Campbell’s has dismissed as “absurd” claims allegedly made by a senior executive, who has since been placed on leave, that its soups are made with “3D-printed” chicken...
US: Wall Street extends rally on growing bets for December Fed rate cut
[NEW YORK] Wall Street gained ground on Wednesday as revived tech strength and the growing probability of a December interest rate cut from the US Federal Reserve put investors...
Europe’s Stoxx 600 climbs on Fed cut hopes; banks rally post-UK budget announcement
EUROPE’S main equity indexes closed higher on Wednesday, led by technology stocks as growing expectations of a US rate cut boosted global risk appetite, while financials also found support...
Wall Street opens higher as December Fed rate-cut bets grow
[NEW YORK] Wall Street’s main stock indexes opened higher on Wednesday (Nov 26), as investors parsed through a fresh batch of economic data and cemented expectations the Federal Reserve...
Chinese regulators block ByteDance from using Nvidia chips, The Information reports
The reported ban underscores Beijing’s efforts to reduce reliance on US technology[BEIJING] Chinese regulators have barred TikTok-owner ByteDance from deploying Nvidia chips in new data centres, The Information reported...