Fashion
China banks amped up 72 trillion yuan bond bet just as market peaked
It comes at a risky time as the nation’s bond market is about to wipe out this year’s advance[BEIJING] Just as China’s long bull run for bonds is fading,...
Troubled Gucci gets new CEO as Luca de Meo takes over Kering
KERING appointed Francesca Bellettini as the new head of its troubled Gucci label on Wednesday as Luca de Meo took over the reins of the French luxury group.Bellettini, who...
Tesla is redesigning door handles that drew safety scrutiny
The carmaker vehicles are equipped with interior manual releases, but the locations can be difficult to find, particularly for passengers in the rear seats[NEW YORK] Tesla is working on...
SGD$643 million green loan backs Singtel’s next-gen data centre
The development of DC Tuas is supported by Standard Chartered as facility agent and one of the green loan coordinators[SINGAPORE] Singtel’s data centre arm, Nxera, is developing a new...
Deutsche Bank sees gold at US$4,000 next year on Fed cuts, China
[MELBOURNE] Deutsche Bank expects gold to average US$4,000 an ounce in 2026, as US Federal Reserve rate cuts and buying by China’s central bank ensure that bullion extends its...
Big US banks lower prime lending rates after Fed rate cut
MAJOR US lenders lowered a key interest rate on Wednesday, providing US consumers a reprieve on borrowing costs, after the Federal Reserve cut interest rates for the first time...
China tells companies to stop buying Nvidia’s repurposed AI chip
The chipmaker has pressed the Trump administration for relief from export controls that have hampered its ability to sell to customers in the Asian country[HONG KONG] China’s cyberspace regulator...
Oil prices ease on US demand concerns
[NEW YORK] Oil prices eased on Wednesday after data showing an increase in US diesel stockpiles stoked worries about demand and the US Federal Reserve cut interest rates as expected.Brent...
Europe: Shares close flat ahead of Fed decision, Puma jumps
EUROPEAN shares ended flat on Wednesday as investors avoided making big bets ahead of the Federal Reserve’s monetary policy decision, while Puma surged on a report of a takeover approach...
Bank of Canada cuts rates to 2.5%, says ready to cut again if risks rise
[OTTAWA] The Bank of Canada reduced its key policy rate to a three-year low of 2.5 per cent on Wednesday (Sep 17), the first cut in six months, and...
