Business
Australia central bank pondered outsized rate cut in May, decided to be predictable
Australia’s central bank considered cutting interest rates by an outsized 50 basis points last month as “insurance” against global trade…
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Australia cracks down on crypto ATMs as scams, fraud uncovered
There are now more than 1,800 machines in the country compared to just 23 in 2019, according to Austrac data Australia’s financial crimes…
News
Gold hovers near four-week peak on weaker US dollar, trade concerns
Gold edged up to hit a near four-week high on Tuesday (Jun 3), as a weaker US dollar and rising uncertainty over the US-China trade deal…
Business
Widjaja family’s Sinarmas Land offer closes with 98.65% resultant shareholding
Property development group Sinarmas Land requested the Singapore Exchange (SGX) to suspend trading of its shares with effect from 9 am on…
Politics
US airlines oppose credit card fee crackdown they say could imperil free flight offers
Major airlines said on Monday (Jun 2) that they oppose a new effort to advance legislation that would reduce fees charged by Visa and…
Business
Toyota to take key supplier private in US$33 billion deal
Toyota Motor will take forklift-maker Toyota Industries private in a US$33 billion deal, the companies said on Tuesday (Jun 3), a landmark…
Business
Australia raises minimum wages by 3.5% as inflation eases
By Renju Jose and Stella Qiu SYDNEY (Reuters) -Australia's independent wage-setting body on Tuesday raised the national minimum wage by…
Business
Electric trucks are the latest threat to oil demand in China
MORE and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an…
Business
Stocks to watch: CapitaLand Ascendas Reit, Sinarmas Land, Oxley Holdings
THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 3): CapitaLand Ascendas Reit…
Business
Asia’s top-rated bonds lifted by pullback from US Treasuries
Bonds in Australia and Singapore are getting a lift from rising questions about the appeal of Treasuries, as fears that a proposed US tax…
Business
Merck held talks to buy biotech MoonLake for over US$3 billion: FT
K has held talks to buy Swiss biotech MoonLake Immunotherapeutics for more than US$3 billion, the Financial Times reported on Monday,…
Politics
China’s rare earths grip gives Xi leverage in US trade duel
AFTER the US and China agreed in Geneva to lower tariffs from astronomical heights, tensions are now surging over access to chips and rare…
Business
Vanguard files for new ex-China emerging markets ETF
ASSET management giant Vanguard Group plans to launch a new exchange-traded fund (ETF) that will target emerging markets while excluding…
News
What are two Lebanese monkeys doing in a house in the North?
Inspectors from the Israel Nature and Parks Authority collected the monkeys and took them into care. Two monkeys that apparently escaped…
Business
Microsoft cuts hundreds more jobs after firing 6,000 last month
The AI boom has roiled the tech labour market because companies are prioritising AI-focused jobs and harnessing the technology to save…
Business
Google Deepmind CEO says global AI cooperation ‘difficult’
Artificial intelligence pioneer and head of Google’s Deepmind, Demis Hassabis on Monday said that greater international cooperation around…
Politics
US aluminium and steel prices surge as Trump doubles tariffs
Futures tracking aluminium and steel prices in the US surged after President Donald Trump said he will double tariffs on the metals this…
News
Oil gains on supply concerns as wildfires disrupt Canada supply, Opec+ keeps output plans unchanged
Oil prices climbed nearly 3 per cent on Monday on supply concerns as producer group Opec+ decided not to accelerate plans to hike output…
Politics
DHS collecting DNA as part of larger "massive surveillance" effort: Lawsuit
A lawsuit against the U.S. Department of Homeland Security (DHS) alleges a failure to respond to numerous Freedom of Information Act…
News
Immigration official defends tactics against criticism of a heavy hand as arrests rise nationwide
The head of U.S. Immigration and Customs Enforcement on Monday defended his tactics against criticism that authorities are being too…
Politics
Europe: Shares stumble on Trump’s new tariff threat
EUROPEAN shares began June on a dour note as markets grappled with US President Donald Trump’s new tariff plans that threatened to…
Culture
Disney lays off hundreds in film, TV as industry woes linger
Walt Disney is laying off several hundred employees across its film and TV businesses, cuts that underscore the entertainment industry’s…
Business
US: Stocks end higher as traders shake off trade tensions
stocks shook off a gloomy start to the week to close higher on Monday, with traders looking through the new trade uncertainty fueled by…
News
New Luxury Night Train Whisks You Between 2 Iconic European Destinations
Following strong demand in 2024, Italy’s overnight Expresso Riviera is making its grand return for summer 2025. Operated by FS Treni…