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Asia: Markets boosted by tech rally, traders eye US inflation
TECH firms led an Asian market rally on Thursday on renewed optimism about demand for AI equipment following a strong earnings outlook from US chip giant Micron.News that South...
Vietnam says SpaceX’s Starlink plans US$15 billion investment
SPACEX is proposing to invest US$15 billion in Vietnam tied to its Starlink satellite service in the near future, the South-east Asian country’s government said, citing a meeting between...
Vietnam says Musk’s SpaceX plans US$15 billion Starlink investment
ELON Musk’s SpaceX plans to invest US$15 billion in Vietnam in the near future, the government of the Communist-run nation said on Thursday (Sep 26), which could help resolve...
China weighs injecting 1 trillion yuan of capital into top banks
CHINA is considering injecting up to 1 trillion yuan (S$183 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, according to...
RBNZ says bank capital rules just one part of lending decisions
NEW Zealand’s central bank has defended its position on bank capital requirements after claims they may be contributing to a lack of competition between lenders.The Reserve Bank of New...
Australia central bank warns households against over-borrowing once rates fall
AUSTRALIA’S central bank on Thursday cautioned borrowers against taking on excessive debt when interest rates start to fall and risking a boom/bust cycle, though it judged the financial system...
Bank of Japan policymakers divided on future rate hike pace, July minutes show
BANK of Japan policymakers were divided on how quickly the central bank should raise interest rates further, minutes of the bank’s July meeting showed, highlighting uncertainty on the timing...
Citibank to close last branch in Singapore in October amid shift to wealth hubs
CITIBANK will close its last branch in Singapore as it focuses on serving customers online and advising affluent clients at its wealth hubs.The US bank will on Oct 12...
Blackstone confirms £10 billion investment in Britain for AI data centre
US PRIVATE equity firm Blackstone has confirmed a £10 billion (S$17.2 billion) investment for an artificial intelligence data centre in northeast England, the British prime minister’s office said on...
UK car production falls for sixth straight month in August
BRITISH car productions fell for the sixth consecutive month in August, a traditionally lower output month affected by summer shutdowns and factories prepping to switch to newer models, industry...
