Singapore’s DBS Group Holdings Ltd, the largest lender in the city-state, is contemplating an expansion into Malaysia through potential acquisitions of stakes in local banks. According to sources familiar with the situation, DBS may target a 29.1% stake in Alliance Bank Malaysia Bhd, which is owned by Singapore’s state investor…...

In October, China’s consumer inflation remained tepid, with the consumer price index (CPI) showing only a 0.3% increase compared to the same period in the previous year. This figure marked a slight decline from the 0.4% increase noted in September, defying economists’ expectations for stability. Furthermore, the core CPI, which…...

In October, China’s economy displayed contrasting trends in consumer and producer prices, prompting concerns about an ongoing slowdown. The consumer price index (CPI) recorded a modest increase of 0.3% year-on-year, a decline from September’s 0.4% rise and marking the slowest growth since June. This underperformance fell short of analysts’ expectations…...

In recent reports, it has been disclosed that Spirit AeroSystems, a significant supplier for Boeing, is close to securing a funding agreement with the planemaker to address its mounting financial difficulties. An unnamed source familiar with the ongoing negotiations indicated that an announcement regarding the deal could be forthcoming. Spirit…...

U.S. stocks experienced a remarkable rally, culminating in their best week of the year on Friday, following Donald Trump’s election as President and the Federal Reserve’s recent decision to cut interest rates. The S&P 500 briefly touched the significant milestone of 6,000 for the first time, rising 0.4% to set…...

In the recent discourse about Donald Trump’s intentions to revamp the federal government and dismantle what he terms the “Deep State,” several contentious points have arisen. Trump’s strategy involves reinstating his 2020 executive order that grants him authority to dismiss federal workers he deems “rogue,” as well as a commitment…...

Nvidia, a leading AI chipmaker, has made headlines by joining the Dow Jones Industrial Average, marking a significant milestone in the tech industry and the ongoing artificial intelligence revolution. This move highlights Nvidia’s growing influence, especially as the AI chip market anticipates remarkable growth rates of 99% in 2024 and…...

The S&P 500 recently surpassed the significant psychological level of 6,000 for the first time in its history following Donald Trump’s re-election as U.S. president. The abrupt rally on November 6, 2024, led to all three major indexes reaching record highs. Analysts predict that the corporate sector is likely to…...

In Dhaka, Bangladesh, a massive rally organized by the Bangladesh Nationalist Party (BNP) took place, drawing tens of thousands of supporters demanding a new election and urgent political reforms. This demonstration comes in the wake of the resignation of former Prime Minister Sheikh Hasina, who fled to India amidst a…...

In the aftermath of Donald Trump’s recent electoral victory, the Democratic Party is grappling with significant introspection and a fierce reevaluation of its strategies and leadership. The stark realization that the party must undergo a thorough reconciliation process has generated discussions about distancing itself from elite-centric policies that have alienated…...

Rivian Automotive, known for its all-electric adventure vehicles, has faced challenges in the third quarter of the year, reporting revenues that fell short of expectations along with a larger than anticipated loss. The company’s revenue was recorded at $874 million compared to the anticipated $980 million, witnessing a stark decline…...