Business News
Curated business and financial news from top sources across Asia — banking, fintech, healthcare, enterprise, and markets.
US dollar rises to 2-week high; Middle East conflict and rate paths in focus
The greenback tends to benefit from higher oil prices
Read more →UK fines Citibank London US$6 million over Russia sanctions breaches
[LONDON] Britain on Wednesday (Sep 2) fined Citibank £4.7 million (US$6.35 million) under its Russia sanctions regime, stating that the US bank’s...
Read more →Falling AI token costs could fuel next leg of Singapore semiconductor rally: analysts
Shares of AEM, UMS and Frencken have soared between 65% and 400% this year with bets on AI-driven chip demand
Read more →Luxury stocks set for ‘better performance ahead’ but recovery likely progressive, not linear: analysts
LVMH among names rated ‘buy’ by BofA; one of the sector’s cheapest stocks, it trades at a 25% discount to peers
Read more →New Zealand flags gradual policy tightening after hiking rates
The central bank raises its official cash rate by 25 basis points to 2.75%; kiwi falls
Read more →Shein shares slide over 3% after lacklustre Hong Kong trading debut
Higher import duties in key markets, growing regulatory risks hampering Shein’s growth prospects
Read more →US SEC preps plan to widen investor access to private markets
THE US Securities and Exchange Commission is eyeing a plan to expand access for retail investors to private markets and allow investment...
Read more →BOJ chief signals chance of September rate hike, debate on price risks
The central bank must pay particular attention to inflationary risks in guiding policy, says Kazuo Ueda
Read more →Keppel DC Reit’s private placement upsized to S$625 million after ‘strong demand’
The exercise is to partially finance the acquisitions of two Japan data centres
Read more →Cook hands over Apple’s reins to Temus
Apple’s profit grew more than fourfold to US$112 billion during Cook’s tenure as CEO
Read more →US urges hands-off approach to AI regulation at G20 tech meeting
American AI companies want less regulation around the world for their rapidly growing businesses
Read more →Indonesia’s Destry wins parliament’s backing as central bank chief, to prioritise stability
Cooperation with state agencies would not compromise central bank independence, said Destry at her Aug 26 vetting
Read more →Australian, New Zealand dollars pause near multi-month peaks as bond selloff deepens
[SYDNEY] The Australian and New Zealand dollars loitered near multi-month highs on Tuesday (Sep 1) as a global selloff in bonds kept...
Read more →UOB Private Bank appoints UBS’ Dominique Boer as Asean market head
Boer, who has held senior roles at UBS and Credit Suisse, will take up the position on Sep 17
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