Fashion
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...
Meta debuts Orion AR glasses as eventual smartphone rival
META Platforms debuted its first pair of augmented reality (AR) glasses – devices that show a combined view of the digital and physical worlds, a key step in chief...
Oil falls on easing Libya supply concerns, lingering China demand worries
OIL prices slumped over 2 per cent on Wednesday as worries over supply disruptions in Libya eased and demand concerns continued despite China’s latest stimulus plans.Still, falling crude inventories...
US: Dow, S&P 500 retreat from records ahead of inflation data
THE Dow and S&P 500 fell on Wednesday, retreating from records amid a banner period for markets ahead of key US inflation data.Analysts have described the market as primed...
Micron soars after AI computing demand bolsters forecast
MICRON Technology, the largest US maker of computer memory chips, surged in late trading after giving surprisingly strong sales and profit forecasts, helped by demand for artificial intelligence (AI)...
Singapore’s high costs, Asia demand-supply gap see closure of US firm SI Group’s Jurong Island chemical plant
The company will continue supplying alkylphenol from other manufacturing facilities in Europe and the AmericasCHEMICALS company SI Group will close its alkylphenol manufacturing facility on Jurong Island in the second...
