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Singapore investors think AI investments boost companies’ productivity, profitability: PwC survey
SINGAPORE investors think technological advances will be the most significant driver of change for the businesses they invest in – ahead of factors such as government regulation, geopolitics, supply chain...
Singapore, Hong Kong to make up half of StanChart’s affluent business in ‘ambitious’ expansion plans
It is targeting US$200 billion in new assets and double-digit income growth in its wealth business over the next five yearsSINGAPORE and Hong Kong will continue to make up half...
Vietnam pushes electric motorbikes as pollution becomes ‘unbearable’
IN VIETNAM’S heavily polluted capital Hanoi, teenage taxi driver Phung Khac Trung rides his electric motorbike through streets jammed with two-wheelers belching toxic fumes.Trung, 19, is one of a growing...
Gold steady; all eyes on US jobs data, Fed Chair’s speech
GOLD prices steadied on Wednesday (Dec 4) as markets awaited US jobs data and comments from Federal Reserve chair Jerome Powell for further insights into the US interest rate cut...
Mitsubishi Corp loses US$90 million in suspected China metal fraud
MITSUBISHI Corporation has suffered a loss of more than US$90 million in China after uncovering suspected fraud by one of its copper traders, according to sources familiar with the matter.The...
Mitsubishi Corp lost US$90 million in suspected China metal fraud, say sources
MITSUBISHI Corporation has suffered a loss of more than US$90 million in China after uncovering suspected fraud by one of its copper traders, according to sources familiar with the matter.The...
Netflix Japan subscribers top 10 million with shows garnering attention
NETFLIX’S subscribers passed 10 million in Japan in the first half of this year with the streaming firm’s Japanese-language programming grabbing attention in the growing market.The subscriber base has doubled...
Rakuten starts marketing its third dollar bond offering of 2024
RAKUTEN Group started marketing its third US dollar bond of the year, seeking to take advantage of strong investor appetite for junk rated debt that drove US spreads to their...
Larry Fink is making a new generation of billionaires richer than him
AS LARRY Fink drives BlackRock deeper into private markets, he keeps adding new billionaires to the asset-management giant’s roster – and making them all richer than he is in the...
South Korea shares fall at the close as political tensions continue; Asia markets mixed
SOUTH Korean shares continued to fall by the close on Wednesday (Dec 4), after the country’s President Yoon Suk Yeol declared martial law overnight. Yoon then lifted the decree within...
