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BBC Market Watch
- How crops are being disaster-proofed May 10, 2024Scientists are creating hardier crops by cross-breeding wild varities and tweaking crop genes.
- 'I got married on a Thursday and saved £3,000' May 10, 2024More couples are choosing to get married on a weekday in order to save money.
- Delays warning as M25 stretch closes for the weekend May 10, 2024Drivers are urged to avoid junctions 9-10 of motorway in Surrey which closed at 21:00 BST on Friday.
- Post Office boss denies ‘covering tracks’ May 10, 2024Rod Ismay denies deleting emails about a 'back door' in Horizon
- Sunak says it'll take time for people to feel better May 10, 2024The prime minister says "there is more work to do" as the UK emerges from recession.
- Lidl raises pay to match Aldi in battle for staff May 10, 2024The German discounters will give their workers higher wages than British competitors.
- UK exits recession with fastest growth in two years May 10, 2024The economy grew by a stronger than expected 0.6% in the first three months of the year.
- Faisal Islam: Economy is getting better but people may not notice May 10, 2024Growth was stronger than expected, but millions of households are yet to feel the benefit.
- Bank 'optimistic' as it edges closer to summer cut May 10, 2024Its comments came as UK interest rates were left unchanged at a 16-year high of 5.25%.
- Argentines strike against spending cuts May 10, 2024Schools, banks and many shops close across the country, with train and metro services suspended.
Live Bangkok Business News Feed
- Mainland gives Hong Kong tourism a lift May 11, 2024HONG KONG - Eight more Chinese cities have joined a scheme allowing their residents to travel to Hong Kong on their own, rather than as part of a tour group, as part of efforts to boost Hong Kong’s economy.
- Solar storm disrupts Starlink satellites May 11, 2024Starlink, the satellite arm of SpaceX controlled by billionaire Elon Musk, warned on Saturday of “degraded service” as the Earth is battered by the biggest geomagnetic storm due to solar activity in two decades.
- Asian shares on course for third week of gains May 11, 2024RECAP: Asian stocks rose on Friday, on course for a third week of gains, while the dollar was steady as fresh signs of an easing US labour market stoked optimism about interest rate cuts before the year is out.
- Gulf Binance aims for crypto supremacy May 11, 2024In a landscape where digital assets are gaining traction, Gulf Binance has emerged as a new player among the 17 licensed exchange and broker operators in Thailand.
- CGSI targets top 3 brokerage spot May 10, 2024CGS International (CGSI), China's second-largest securities firm, wants to be among the top three securities companies in Thailand by 2030, expanding its offerings and teaming up with local and regional partners.
- Retailers promote AI-enabled PCs in the second half May 10, 2024Leading IT retail chains are capitalising on artificial intelligence (AI)-embedded PCs to increase sales growth in the second half of 2024.
- Central bank urged to take FIDF debt burden May 10, 2024A proposal by a Finance Ministry official to shift the debt burden responsibility of the Financial Institutions Development Fund (FIDF) to the Bank of Thailand (BoT) has been put forward, as the central bank is already responsible for repaying both the principal and interest of the debt.
- Gem exports eyed for uptick May 10, 2024Gem and jewellery exports are expected to grow by 5-10% this year amid global economic uncertainties, says a local trade group.
- Rayong tourism operators on edge May 10, 2024Some fruit farms in Rayong reported tour cancellations after a chemical tank exploded on Thursday, while tourism operators called for an integrated plan for developing tourism and the industrial sector.
- Clawing back after a steep Songkran decline May 10, 2024Sentiment on the Stock Exchange of Thailand (SET) was relatively weak at the beginning of April, with average daily turnover of only 33 billion baht during the first week of the month.
Live Singapore Business News Feed
- Tech giants start to treat Southeast Asia like next big thing May 12, 2024LONG considered a tech hinterland, Southeast Asia is fast emerging as a center of gravity for the industry.
- Soyoil jumps on bets US tariffs to include Chinese cooking oil May 11, 2024SOYBEAN oil futures surged by the most since July as traders bet that Chinese used cooking oil may be included on the list of tariffs expected to be announced by the US.
- Apple nears deal with OpenAI to put ChatGPT on iPhone May 11, 2024APPLE has closed in on an agreement with OpenAI to use the startup’s technology on the iPhone, part of a broader push to bring artificial intelligence features to its devices, according to people familiar with the matter.
- Apple says no major app developers accept new outside payments May 11, 2024NO major app developers have signed up to use outside payment options that Apple introduced earlier this year for its App Store because the fees they pay would be at least as high as they were before, according to testimony presented to a federal judge.
- Why companies are nervous about the consumer May 11, 2024BETTER than expected quarterly earnings have helped propel the S&P 500 to within a whisker of a record high Friday (May 10). But Wall Street and Washington are closely monitoring another worrying economic indicator: the struggling consumer.
- Shein steps up London IPO preparations amid US hurdles to listing, sources say May 10, 2024FAST-FASHION giant Shein is stepping up preparations for a London listing after its attempt to float itself in New York faced regulatory hurdles and pushback from US lawmakers, two people with knowledge of the matter said.
- Apple scores win in labor case involving fired retail workers May 10, 2024THE National Labor Relations Board sided with Apple in a high-profile case involving fired retail store employees, a rare outcome for the iPhone maker.
- US: Stocks closes up another weekly gain ahead of inflation data May 10, 2024US stocks eked out modest gains on Friday (May 10) and all three indexes posted another weekly advance as investors parsed comments from Federal Reserve officials and looked ahead to crucial inflation data next week.
- Europe: Stocks close at record high on earnings, rate cut optimism May 10, 2024EUROPE’S main stock index closed at a record high on Friday (May 10), on track for its biggest weekly gain since late January, as risk appetite was bolstered by growing bets on interest rate cuts in the region and a strong earnings season.
- Oil falls on prospect of higher-for-longer US rates, stronger dollar May 10, 2024OIL prices fell by nearly US$1 a barrel on Friday (May 10) as comments from US central bank officials indicated higher-for-longer interest rates, which could hinder demand from the world’s largest crude consumers.
- Frasers Property H1 profit slides 81.8% on property value losses, lower residential contributions May 10, 2024NON-CASH unrealised fair-value losses and impairment on some of its commercial properties in the UK and Australia, as well as lower residential contributions from Singapore and Thailand, dragged down earnings for real estate developer and manager Frasers Property.Derryn Wong
- US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties May 10, 2024A NEW version of a bill that would restrict US business with certain Chinese biotechnology companies including WuXi AppTec and BGI would give US companies until 2032 to end work with the firms, extending the amount of time to find new partners.
- Barclays cuts jobs in energy transition team it only just built May 10, 2024NOT even one of Barclays’ most prominent dealmaking pushes is being spared in the bank’s cost-cutting drive.
- UMS Holdings Q1 net profit drops 44% to S$9.8 million May 10, 2024SEMICONDUCTOR company UMS Holdings posted a net profit of S$9.8 million for the first quarter of its 2024 fiscal year, a 44 per cent drop from S$17.4 million in the same period a year ago.Janice Lim
- China's central bank vows to support economic recovery May 10, 2024CHINA’S central bank said on Friday (May 10) it will ensure reasonably ample liquidity and credit expansion to consolidate the country’s economic recovery, which still faces many challenges.
New York Times Business Feed
- Trump May Owe $100 Million From Double-Dip Tax Breaks, Audit Shows May 11, 2024A previously unknown focus of an I.R.S. audit is a dubious accounting maneuver that effectively meant taking the same write-offs twice on a Chicago skyscraper.Russ Buettner and Paul Kiel
- Northern Lights Set to Return Tonight as Extreme Solar Storm Continues May 11, 2024Electrical utilities said they weathered earlier conditions as persistent geomagnetic storms were expected to cause another light show in evening skies.Katrina Miller, Ivan Penn and Emmett Lindner
- Farewell, Chuck E. Cheese Animatronic Band May 11, 2024A mainstay of the pizza and arcade chain, by turns endearing and creepy, will be phased out by year’s end at all but two locations. We visited one of them.Jesus Jiménez and Jackie Molloy
- The ‘Betches’ Got Rich. So What’s Next? May 11, 2024The women’s media company, which started as a raunchy college blog, is a rare financial success story — and on the White House’s radar. Now, it’s wrestling with how to grow up alongside its readers.Sapna Maheshwari
- U.S. to Announce New Tariffs on Chinese Electric Vehicles May 11, 2024The administration could raise tariffs on electric vehicles from China to 100 percent in an attempt to protect American auto manufacturers.Alan Rappeport and Jim Tankersley
- Mary Wells Lawrence, High-Profile Advertising Pioneer, Dies at 95 May 11, 2024She was the first woman to own and run a major national advertising agency. Her company, Wells Rich Greene, was best known for the “I ♥ NY” campaign.Robert D. McFadden
- All the Rage in Private Equity: Mortgaging the Fund May 11, 2024A little-known financial tool was the talk of the Milken Institute’s Global Conference.Lauren Hirsch, Michael J. de la Merced, Bernhard Warner and Ephrat Livni
- The Annoying, Go-Getting Colleague: Beat Her or Emulate Her? May 11, 2024When corporate jousting, don’t choose jealousy.Roxane Gay
- Can You Make Your Investment Portfolio Reflect Your Values? May 11, 2024Forget about endowments and their holdings and divestment for a minute. What do you stand for, and how can you make your portfolio reflect that?Ron Lieber
- Is It Better to Rent or Buy? May 11, 2024Our calculator takes the most important costs associated with buying or renting and compares the two options.Mike Bostock, Shan Carter, Archie Tse and Francesca Paris
SCMP
- Young homebuyers snap up discounted flats at Sun Hung Kai’s Yoho Hub II in Yuen Long May 11, 2024Hongkongers continue to be enticed by discounts as they snapped up flats at Sun Hung Kai Properties’ new project in Yuen Long on Saturday, with young people accounting for 70 per cent of buyers.
- From CATL’s ultra-fast battery to Zeekr’s ‘living room’ on wheels, Auto China show offers a glimpse of the future of electric vehicles May 11, 2024The era of battery-powered cars has truly arrived, as EVs dominated the car show. While carmakers still displayed a lot of futuristic concepts, it was the ongoing price war that had people talking.
- TikTok automatically tags external AI-generated content as Chinese version Douyin works on similar standard May 11, 2024Douyin is working on technologies similar to what has been adopted by TikTok to automatically label artificial-intelligence-generated content (AIGC).
- Hong Kong-backed Saudi online trading app sees ‘massive success’ as it signs up 300,000 users in months May 11, 2024Valuable Capital, Hong Kong’s second-largest online broker, launched Sahm Capital in December, allowing users to trade in both Saudi and US markets.
- China’s Ping An sells HSBC shares in US$50 million tantrum after reported protest vote against CEO Noel Quinn May 10, 2024Insurer has sold about 5.6 million HSBC shares, reducing its stake in the lender to 7.98 per cent from 8.01 per cent, according to an exchange filing.
- Alibaba opens new global headquarters in Hangzhou, China on annual family day May 10, 2024The sprawling campus, Alibaba’s third in Hangzhou’s Xixi area, is a sign of the e-commerce giant’s commitment to its home city.
- Baidu’s public relations head steps down after eye-popping remarks on work culture spark controversy in China May 10, 2024Qu Jing’s comments endorsing an intense workplace culture sparked a public backlash in China, where people have been speaking out against damaging office practices at Big Tech firms.
- Chinese developers Shimao, Aoyuan get stock boost as cities drop curbs, investors sense ‘major shift’ in policy support May 10, 2024‘Beijing is finally on the right course to clean up the mess in the property sector,’ Nomura analysts said on Friday.
- China’s Kuaishou aims to replicate model in overseas expansion plan with focus on Middle East, Brazil and Southeast Asia May 10, 2024The short video and live streaming platform operator aims to replicate its strategy in overseas markets, focusing on big opportunities in the Middle East, North Africa, Brazil and Southeast Asia, CEO Jin Bing says
- UBS weighs bonus for investment bankers who refer rich clients May 10, 2024UBS may start rewarding its bankers for referring clients to the firm’s wealth management business, in a first for the Zurich-based lender
Investing.Com
- Earnings call: Latham Group reports resilient Q1 despite soft market May 11, 2024
- Earnings call: DocGo sees record Q1 performance, updates 2024 guidance May 11, 2024
- Earnings call: Claros Mortgage Trust reports Q1 losses amid market challenges May 11, 2024
- Earnings call: MaxCyte sees steady growth and strategic partnerships in Q1 2024 May 11, 2024
- ETH/BTC: Tuur Demeester Registers Surprising Pattern May 11, 2024
- Bloomberg Strategist Presents Warning for Crypto per Bitcoin/Gold Cross May 11, 2024
- Eurovision Song Contest faces pro-Palestinian protests ahead of final May 11, 2024
- Protesters return to streets across Israel, demanding hostage release May 11, 2024
- About 50,000 march against foreign agent bill in Tbilisi, Georgia May 11, 2024
- Earnings call: Local Bounti sees robust Q1 growth, forecasts positive EBITDA May 11, 2024
Financial Times
- Russia launches assault on Kharkiv region in north-eastern Ukraine May 11, 2024Moscow uses superior weaponry and manpower in attempt to make gains before arrival of more US military aid
- Ken Griffin urges Harvard University to embrace ‘western values’ May 11, 2024Hedge fund founder who has given his alma mater over $500mn pushes back on ‘cultural revolution’
- Household demand for Italian debt slumps May 11, 2024Analysts forecast Rome will tap institutional investors for more debt
- Kuwait’s emir dissolves country’s parliament after years of deadlock May 11, 2024Sheikh Mishal accuses lawmakers of limiting monarch’s powers of state
- Israel defies international censure and orders more Palestinians to evacuate Rafah May 11, 2024Netanyahu insists that he must maintain military pressure to eradicate Hamas
- China’s consumer inflation edges upward in signal of slow economic recovery May 11, 2024Third straight month of price growth points to strengthening consumer demand despite falling factory prices
- Can the AI future work for everyone? May 11, 2024Three important books highlight the technology’s great promise — but warn of the dangers of its misuse without regulation
- The man about to leap from an 8,000-metre peak May 11, 2024Tim Howell is preparing not just to climb one of the world’s tallest mountains, but to jump off it — and make wingsuiting history
- Jürgen Klopp and the leading of Liverpool May 11, 2024How did the German football manager cast such a spell over the city? There was much more to it than results, writes Lynsey Hanley
- Steve Albini, record engineer and musician, 1962-2024 May 11, 2024An apostle of noise fascinated by the dark side of human behaviour
- The quest for interesting conversation May 11, 2024From someone who relies on it for ideas, this is how to find it
- Fashion hits golden hour May 11, 2024The arrival of summer brings warm tones and cool silhouettes
- What I wish I’d known before my smartphone was snatched May 11, 2024As phone theft surges, how can you protect your financial data?
- Axing graduate visa route risks ‘severe’ damage to university sector May 11, 2024Russell Group warns Migration Advisory Committee that communities and UK research could be harmed
- Lawrence Wong, Singapore’s next PM faces an ever trickier balancing act May 11, 2024When the politician is sworn in next week, he will have to contend with rising social and geopolitical tensions
- China makes Hungary a model for diplomatic ties in Europe May 11, 2024Xi Jinping’s upgrade of ties with Budapest highlights Beijing’s willingness to reward loyalty with investment and trade
- US set to impose 100% tariff on Chinese electric vehicle imports May 10, 2024Move marks latest effort by Biden administration to protect domestic industry from cheap competition
- Rush of deals hits US corporate bond market as borrowing premiums fall May 10, 2024Dozens of sales raise tens of billions of dollars this week amid feverish investor demand
- Tired Labour staffers chafe at holiday restrictions as election looms May 10, 2024Adviser says people ‘at the end of their tether’ as PM keeps opposition guessing over poll date
- US says Israel’s use of American arms may have violated humanitarian law May 10, 2024Declassified state department report stops short of formally accusing IDF of violating human rights
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