An Hour Ago Gold prices soar to record high on hopes of Fed cut Gold prices extended their rally on Monday, scaling to a new record. The optimism was helped by U.S. interest rate cut expectations and bullion’s appeal as a safe haven asset. Spot gold added 1.32% to trade at $2,265.53 per ounce. U.S. … Read more
Lawrence Wong, Singapore’s deputy prime minister and finance minister. Kiyoshi Ota | Bloomberg | Getty Images Wong said a small surplus of SG$800 million is expected for the 2024 financial year, which runs from April 1, 2024 to March 31, 2025. The Southeast Asian nation has a constitutional requirement for the government to maintain a … Read more
Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023. Thiago Prudencio | Lightrocket | Getty Images Sony cut its sales forecast for its flagship PlayStation 5 console on Wednesday, after warning of weaker transactions in its key gaming division. The Japanese gaming giant said it now expects … Read more
Indonesia’s presidential candidate Prabowo Subianto gestures after he cast his ballot to vote in the country’s presidential and legislative elections at a polling station in Bogor on February 14, 2024. Indonesians began voting for a new president on February 14 with Defence Minister Prabowo Subianto the frontrunner to lead Southeast Asia’s biggest economy despite concerns … Read more
S. Iswaran, Singapore’s transport minister, leaves the Singapore State Courts in Singapore, on Thursday, Jan. 18, 2024. Iswaran was charged with corruption, the latest development in the biggest political scandal to hit the city state in close to four decades. Photographer: Ore Huiying/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images SINGAPORE — Singapore’s transport … Read more
A mobile phone is displaying the screen of Tencent Games company’s stock plunge in Suqian, Jiangsu Province, China, on December 22, 2023. Costfoto | Nurphoto | Getty Images Chinese online gaming stocks rose Wednesday, recovering some losses from the previous session after the country’s top gaming regulator pledged to “further modify and improve” draft rules … Read more
2 Hours Ago China’s manufacturing activity unexpectedly expands in November: Caixin survey Workers assemble mini excavators in a factory of heavy machinery in Suzhou in east China’s Jiangsu province on Oct. 23, 2023. Future Publishing | Future Publishing | Getty Images China’s manufacturing sector unexpectedly expanded in November, according to a survey by Caixin. The Caixin … Read more
An Hour Ago China official PMI unexpectedly weakens for a second straight month in November China’s factory activity shrank for a second straight month in November, signaling that the world’s second-largest economy is not yet out of the woods and may require more muscular policy support. The official manufacturing purchasing managers’ index fell slightly to … Read more
4 Hours Ago Major indexes head for best monthly performances this year Despite muted trading on Tuesday, the three major indexes are on track to post major monthly gains. The Dow is poised to finish the November trading month, which concludes with Thursday’s closing bell, 6.9% higher. That would amount to the best monthly performance … Read more
An Hour Ago Indonesian rupiah dips a day after central bank holds interest rates The Indonesian rupiah dipped 0.10% to 15,565 against the dollar on Friday, a day after the country’s central bank kept its rates steady, as expected. Bank Indonesia left its benchmark 7-day reverse repurchase rate at 6%, meeting expectations of economists polled … Read more