Culture
Philippine central bank to take ‘measured approach’ in easing as inflation steadies
THE Philippine central bank will take a “measured approach” in easing policy rates, it said on Wednesday (Feb 5), as annual inflation held steady at 2.9 per cent in...
AMD tumbles after giving disappointing outlook for AI growth
ADVANCED Micro Devices (AMD) tumbled in late trading after giving a disappointing outlook for its data centre business, an area where it’s struggling to catch up with artificial intelligence...
Coinbase urges US regulators to clear path for banks to offer crypto services
The administration is expected to reshape US policy on digital currency, but US bankers have so far remained cautious on cryptocurrenciesCOINBASE Global on Tuesday (Feb 4) renewed its call...
Gold hits record high as China-US tariff war drives safe-haven demand
GOLD prices touched an all-time-high on Wednesday (Feb 5), underpinned by safe-haven demand after China responded to US tariffs, which were initially imposed by President Donald Trump on the...
Nissan is likely to reject Honda offer in blow to tie-up plan
The talks to create the world’s third-largest carmaker have gone haltingly since the plans were first announced in DecemberNISSAN Motor is prepared to reject an acquisition offer that would...
GM’s Cruise to cut 1,000 jobs as robotaxi service shuts down
GENERAL Motors (GM) is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and sources familiar with the matter, part of...
Bank of Japan’s rate likely to go higher than consensus, ex-official says
THE Bank of Japan (BOJ) is likely to keep raising its benchmark rate to a level exceeding the current market consensus, and there’s a chance two more moves could...
IBM gives long-term sales growth outlook that tops expectations
INTERNATIONAL Business Machines (IBM) gave a stronger-than-expected revenue growth outlook for the coming years led by the expansion in its software business.Long-term sales will increase more than 5 per...
Shein, Temu, Amazon Haul set for price hikes as US shuts trade loophole
SHEIN, Temu and Amazon Haul prices are likely to rise for American shoppers, analysts and industry experts said, after US President Donald Trump this week shut a trade loophole...
KKR raises offer for Fuji Soft in US$4.3 billion tussle with Bain
KKR & Co raised its offer price for Fuji Soft to fend off a rival bid from Bain Capital, the latest chapter in a months-long battle for the Japanese...
