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US: Wall St opens flat ahead of Fed’s policy decision
[NEW YORK] Wall Street’s main indexes opened subdued on Wednesday (Sep 17) ahead of a widely anticipated interest-rate cut from the Federal Reserve later in the day, while Nvidia...
Indonesia central bank delivers surprise rate cut to boost growth
[JAKARTA] Indonesia’s central bank delivered another surprise interest rate cut on Wednesday (Sep 17), its sixth cut since it kicked off an easing cycle in September last year, saying...
Indonesia sovereign wealth fund INA targets data centres, AI in healthcare, renewables
[SINGAPORE] The Indonesia Investment Authority (INA) is prioritising digital infrastructure, healthcare and renewables as the sovereign wealth fund seeks foreign partners and supports the nation’s economic development, its chief...
Binance nears deal to escape compliance monitor imposed by DOJ
The Justice Department has not made a final decision on the monitorship, which has a three-year duration[WASHINGTON] Binance Holdings, the world’s largest crypto exchange, is moving towards a potential...
Trump says US has a buyer for TikTok
[WASHINGTON] President Donald Trump said on Tuesday (Sep 16) that the US and China have a deal that will keep the short-video app TikTok operating in the United States,...
Apac family offices responded most vigorously to tariff turmoil globally: report
[SINGAPORE] Family offices in the Asia-Pacific region responded more vigorously to tariff turmoils than their counterparts elsewhere, a report has found.In the market turmoil following the US’ tariff announcement...
Elon Musk’s xAI lays off 500 people training its Grok chatbot
Elon Musk’s artificial intelligence startup xAI has laid off 500 workers from its data annotation team, which helps train its Grok chatbot.The layoffs were earlier reported by Business Insider.The...
Alphabet hits US$3 trillion in market capitalisation for first time
Class A shares of the company were up 4.6% at US$251.88, while Class C shares climbed 4.5% to US$252.3[NEW YORK] Google-parent Alphabet hit a market capitalisation of US$3 trillion...
Trump seems to claim TikTok deal ahead of Wednesday deadline
President Trump, who years ago led the charge to ban TikTok from the U.S., seemed to claim credit for saving it in a move he said should delight young...
With stock purchase, Elon Musk signals confidence in Tesla’s self-driving tech
In a move that boosted Tesla’s stock in midday trading on Monday, it was revealed that Chief Executive Elon Musk purchased approximately $1 billion worth of the company’s shares.The...
