official currency of Singapore
Meta proves AI hype has its limits : Artificial intelligence is a multibillion-dollar project with no clear timeline for revenues
ft.com/content/698c79e0-0b0b-401d-8132-99a42f236b92
Indonesia raises interest rates to support sliding rupiah: Currency has lost nearly 5% of its value against dollar this year amid expected delays to US rate cuts
ft.com/content/e3f75d49-c3bf-408c-b8a4-e8c599dba384
Most Asian currencies have been hit this year by the strength of the dollar, prompting monetary officials to issue verbal warnings or even intervene. asia.nikkei.com/Business/Markets/Currencies/Asian-currencies-plunge-raises-alertness-over-coordinated-intervention
Global military spending surges 6.8% to record high : Global military spending reached a record high in 2023 surging 6.8% to almost 2.5 trillion dollar ...
wionews.com/videos/global-military-spending-surges-68-to-record-high-713904
Quick Glance: Global Military Spending Hits Historic High in 2023
- Global military spending hit a record high of $2.443 billion in 2023 after a 7% increase, as per a report.
- Military expenditure rose consistently over nine years in all regions due to worsening peace and security globally.
- Countries like Ukraine, Russia, Poland, Germany, and the UK saw significant spikes in their military spending.
- Israel notably increased its military spending significantly due to the conflict in the Middle East, particularly a major offensive in Gaza in 2023.
Investors raise bets on euro falling to parity with dollar: Eurozone borrowing costs seen as likely to fall first as strength of US economy lowers chance of ...
ft.com/content/700f0282-e939-4441-8093-6e012c39f4bd
Why a stronger dollar is dangerous: It sets the stage for a nasty new Trump-China clash, among other things
economist.com/finance-and-economics/2024/04/23/why-a-stronger-dollar-is-dangerous
Just when it looked like rate cuts were coming any minute now, inflation has reared its head and the strength of the dollar is forcing other central bankers to ... Show more www.reuters.com/business/take-five/global-markets-themes-graphic-2024-04-19/
Rupee ticks up on foreign banks' dollar sales; forward premiums slip: The Indian rupee logged modest gains in early trading on Monday on dollar sales from ...
reuters.com/markets/currencies/rupee-ticks-up-foreign-banks-dollar-sales-forward-premiums-slip-2024-04-22/
Morning Bid: Big Tech swoons as Q1s lurk, Nvidia decimated: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-22/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Where king dollar is causing pain the most: A dollar surge propelled by a strong economy, sticky inflation and geopolitical tensions have unnerved policymakers ...
reut.rs/4b6jIC7
Live news: Yen weakens to ¥155 per dollar as US stocks edge higher
ft.com/content/df08445b-c568-4473-85f5-4d7efd2cfa6a
Ringgit drops toward 26-year low as Bank Negara pledges support: The ringgit slipped to 4.78 per US dollar, putting it within a whisker of its Feb 21 low of 4 ...
straitstimes.com/business/ringgit-drops-toward-26-year-low-as-bank-negara-pledges-support
Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says: Stablecoin Tether's recent growth is being driven by its use as an alternative ...
reuters.com/technology/stablecoin-tether-gets-boost-dollar-alternative-emerging-markets-ceo-says-2024-04-19/
Vietnam surpasses India and Thailand and now becomes biggest rice supplier for Singapore
thestar.com.my/aseanplus/aseanplus-news/2024/04/20/vietnam-surpasses-india-and-thailand-and-now-becomes-biggest-rice-supplier-for-singapore
'They can buy up to $5,000 at one go': Some money changers run out of Korean won after it falls to new low against Singapore dollar
asiaone.com/singapore/they-can-buy-5000-one-go-some-money-changers-run-out-korean-won-after-it-falls-new-low
Rupee ends at record closing low on risk-off, broad dollar rally
reuters.com/markets/currencies/rupee-ends-record-closing-low-risk-off-broad-dollar-rally-2024-04-16/
Gold is back — and it has a message for us: The precious metal’s surge may herald a whole new world
ft.com/content/bdcb7d8a-e958-4910-9d1b-a6a519812503
Ringgit opens easier vs US$ amid Middle East conflict: KUALA LUMPUR: The ringgit opened slightly lower against the US dollar on Monday as the greenback’s appeal ...
thestar.com.my/business/business-news/2024/04/15/ringgit-opens-easier-vs-us-amid-middle-east-conflict
Why oil pump prices are expected to drop in new review today: The Energy and Petroleum Regulatory Authority will today release the monthly pricing schedule to ...
nation.africa/kenya/business/why-oil-pump-prices-are-expected-to-drop-in-new-review--4589734
Short bets on Asian currencies mount as firm dollar dents confidence, Reuters poll finds
reut.rs/3xEo0Cv
Risk sensitive South African rand weakens as geopolitical tensions bite: South Africa's rand weakened in volatile trading early on Friday, as reports of an ...
reuters.com/markets/risk-sensitive-south-african-rand-weakens-geopolitical-tensions-bite-2024-04-19/
Billion-dollar money laundering case: Suspect to plead guilty as he faces new charge of using criminal proceeds to buy S$332,280 car
channelnewsasia.com/singapore/billion-dollar-money-laundering-case-suspect-su-baolin-pleads-guilty-using-criminal-proceeds-buy-car-4290906
A Gujarat businessman and his wife have gained attention by giving away their entire lifetime earnings (running in billions of dollars) ... Show more www.wionews.com/india-news/this-indian-couple-gave-up-their-billion-dollar-lifestyle-to-become-monks-in-gujarat-711263
One of New Zealand’s best-known and biggest home-grown consumer brands has been sold in a massive, multimillion-dollar commercial deal.
Sterling dips as investors book profits on scorching rally: The pound eased on Wednesday, surrendering some gains from its biggest one-day rally in four months ...
reuters.com/markets/currencies/sterling-dips-investors-book-profits-scorching-rally-2024-04-24/
Ringgit turns soft against US$ as volatility rises: KUALA LUMPUR: The ringgit traded lower against the US dollar in early trade on Monday amid the ongoing Middle ...
thestar.com.my/business/business-news/2024/04/22/ringgit-turns-soft-against-us-as-volatility-rises
Rupiah hits 4-year low as Indonesia reopens after holiday
Ramadan inflation, election aftermath add to gloom on currency: asia.nikkei.com/Business/Markets/Currencies/Rupiah-hits-4-year-low-as-Indonesia-reopens-after-holiday
Short bets on Asian currencies mount as firm dollar dents confidence, Reuters poll finds
reuters.com/markets/currencies/short-bets-asian-currencies-mount-firm-dollar-dents-confidence-2024-04-18/
Morning bid: Red hot retail readout drives US economy and dollar: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-16/
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM) ... Show more www.premiumtimesng.com/news/top-news/685602-naira-makes-huge-recovery-gains-7-2-against-dollar.html
Soaring won-dollar exchange brings both positives, negatives: The strengthening of the U.S. dollar against the Korean currency — nearing the 1 ...
koreatimes.co.kr/www/biz/2024/04/175_373213.html
China Developer Vanke Shares Jump Most in More Than a Month on Liquidity Plans: China Vanke Co. shares rose the most in more than a month after the state-backed ...
bloomberg.com/news/articles/2024-04-15/china-vanke-s-shares-make-biggest-gain-in-more-than-a-month
Paid articlePaid
'Tremendous' currency pressure tests Asia bond investors: HONG KONG -- The U.S. dollar's strength and bets that the Federal Reserve will delay interest rate ...
asia.nikkei.com/Business/Markets/Bonds/Tremendous-currency-pressure-tests-Asia-bond-investors
Paid articlePaid Strong dollar poses question over timing of Japan intervention
Reversal of weakening yen per dollar depends on U.S. economy, analysts say: asia.nikkei.com/Business/Markets/Currencies/Strong-dollar-poses-question-over-timing-of-Japan-intervention
Pound falls to lowest since December as dollar stays strong: The pound dropped to a four-month low against the dollar on Thursday, still under pressure after the ...
reuters.com/markets/currencies/pound-falls-lowest-since-december-dollar-stays-strong-2024-04-11/
Asian shares extend gains ahead of tech earnings, yen fragile - Markets - The Jakarta Post
thejakartapost.com/business/2024/04/23/asian-shares-extend-gains-ahead-of-tech-earnings-yen-fragile.html
Ringgit ends easier versus US dollar on higher-than-expected US inflation data: KUALA LUMPUR: The ringgit ended easier against the US dollar on Friday as the ...
thestar.com.my/business/business-news/2024/04/12/ringgit-ends-easier-versus-us-dollar-on-higher-than-expected-us-inflation-data
From Indonesia to Japan, dollar's rising strength raises global alarm: TOKYO -- Countries across the globe are becoming increasingly wary of the growing ...
asia.nikkei.com/Economy/From-Indonesia-to-Japan-dollar-s-rising-strength-raises-global-alarm
Paid articlePaid Asian emerging market currencies come under pressure from strong dollar: Indonesia’s central bank supports rupiah as Indian rupee falls to record and Korean won ...
ft.com/content/3a985f06-35b5-4a56-91eb-4595fc71b0ad
Boeing announces million-dollar losses after series of safety scandals: The aircraft manufacturer beat Wall Street expectations but still finds itself in crisis ...
euronews.com/business/2024/04/24/boeing-announces-million-dollar-losses-after-plane-maker-hit-by-safety-scandals
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Japan’s Finance Minister Warns on Yen Ahead of IMF-G7 Meetings: Japan’s finance minister warned that he’s ready to take all available measures in the foreign ...
bloomberg.com/news/articles/2024-04-16/japan-s-finance-minister-warns-on-yen-ahead-of-imf-g7-meetings
Paid articlePaid Japan's Expo 2025: Osaka triumph or billion-dollar folly?: OSAKA -- Japan's World Expo: A chance to showcase the technological and manufacturing prowess of ...
asia.nikkei.com/Spotlight/Asia-Insight/Japan-s-Expo-2025-Osaka-triumph-or-billion-dollar-folly
Paid articlePaid
In praise of Peter Higgs : The particle named after him became a selling point. For the man, it was a bit of a pain
economist.com/leaders/2024/04/11/in-praise-of-peter-higgs
The cost of being: A single parent with dreams of building generational wealth: 'I feel tight with everything at the moment, every dollar feels scrutinised ...
thespinoff.co.nz/society/09-04-2024/the-cost-of-being-a-single-parent-with-dreams-of-building-generational-wealth
New initiative aims to help Kampong Chai Chee residents stretch their dollar: The scheme taps the power of kampong spirit to help residents cope with rising ...
straitstimes.com/singapore/new-initiative-aims-to-help-kampong-chai-chee-residents-stretch-their-dollar-amid-rising-living-costs
Formula E shows way ahead for racing as F1’s net zero deadline nears: Formula One is a sporting empire complete with rock star drivers, billion-dollar teams and ...
dailymaverick.co.za/article/2024-04-17-formula-e-shows-way-ahead-for-racing-as-f1s-net-zero-deadline-nears/
Singapore’s US$400 billion economy, soaring currency give next PM Lawrence Wong plenty to smile about
scmp.com/news/asia/southeast-asia/article/3259876/singapores-us400-billion-economy-soaring-currency-give-next-pm-lawrence-wong-plenty-smile-about
China’s Big Data Release to Show If Economy Rebounded
bloomberg.com/news/live-blog/2024-04-16/china-quarterly-gdp-key-data
Recto Sees Philippine Rate-Cut Delay Risk If Peso Down to 59: Philippine Finance Secretary Ralph Recto cautioned that his nation may see a delay in interest-rate ...
bloomberg.com/news/articles/2024-04-19/philippines-recto-sees-rate-cut-delay-risk-if-peso-sinks-to-59
Ukraine is digging in as the Kremlin steps up its offensive : Will it be enough?
economist.com/europe/2024/04/18/ukraine-is-digging-in-as-the-kremlin-steps-up-its-offensive
Billion-dollar money laundering case: Third man jailed for buying luxury apartment with illegal proceeds
channelnewsasia.com/singapore/wang-baosen-billion-dollar-money-laundering-jailed-third-man-4268751
Norway's trillion dollar wealth fund posts 107 billion dollar first quarter gain: Norway's sovereign wealth fund, the world's largest, posted a gain of ...
thelocal.no/20240418/norways-trillion-dollar-wealth-fund-posts-107-billion-dollar-first-quarter-gain
Japan's yen falls to lowest since 1990, dollar/yen up 0.6%: The yen weakened on Monday, pushing the dollar to its highest against the Japanese currency since ...
reuters.com/markets/currencies/japans-yen-falls-lowest-since-1990-dollaryen-up-06-2024-04-15/
Manchester United and Disney in talks over multi-million-dollar documentaries deal
theathletic.com/5436374/2024/04/23/man-utd-disney-documentaries/
Squeezed by strong dollar, BOJ watches yen ahead of policy meeting: WASHINGTON/TOKYO -- A yen sell-off and its effect on inflation loom large over the Bank of ...
asia.nikkei.com/Business/Markets/Currencies/Squeezed-by-strong-dollar-BOJ-watches-yen-ahead-of-policy-meeting
Paid articlePaid From Zimbabwean informal traders refusing to accept the local dollar fearing it will be 'worthless' in a few weeks, to Africa's biggest coffee exporter, Uganda ... Show more
South African rand weakens against strong dollar: South Africa's rand weakened in early trade on Friday against the U.S. dollar, which hovered near a five-month ...
reuters.com/markets/south-african-rand-weakens-against-strong-dollar-2024-04-12/
Sell: The Bloomberg Close, Asia Edition : Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-16/sell-the-bloomberg-close-asia-edition
Paid articlePaid Japan chip materials maker JSR seeks to scale up after $6bn takeover: TOKYO -- Following a multibillion-dollar takeover by the state-backed Japan Investment Corp ...
asia.nikkei.com/Business/Tech/Semiconductors/Japan-chip-materials-maker-JSR-seeks-to-scale-up-after-6bn-takeover
Paid articlePaid Sterling wavers as markets gauge reported Israeli attack on Iran: The pound was little changed on Friday after falling to a five-month low against the dollar in ...
reuters.com/markets/currencies/sterling-wavers-markets-gauge-reported-israeli-attack-iran-2024-04-19/
Yen hits fresh three-decade low as intervention risks rise: Yen sets fresh 34-year low against the US dollar after stronger-than-expected US economic data.
straitstimes.com/business/yen-hits-fresh-three-decade-low-as-intervention-risks-rise
Yen tumbles to 153 against dollar on U.S. inflation, raising intervention risk: TOKYO/NEW YORK -- The yen sold off against the dollar in New York trading ...
asia.nikkei.com/Business/Markets/Currencies/Yen-tumbles-to-153-against-dollar-on-U.S.-inflation-raising-intervention-risk
Paid articlePaidQuick Glance: Yen falls to 152 against dollar on U.S. inflation, raising intervention risk
- Following the release of U.S. inflation data on Wednesday, the yen dropped to the significant level of 152 against the dollar, potentially prompting government intervention to curb the decline.
- The value of the Japanese currency declined to 152.45, a level unseen since 1990.
Morning Bid: De-risking, seeking safety as Middle East tensions rise: A look at the day ahead in Asian markets.
reuters.com/markets/global-markets-view-asia-graphic-pix-2024-04-14/
Women’s sports will cross the billion-dollar barrier in 2024.
The World Economic Forum’s Gender Parity Accelerators are working to close gender gaps in ... Show more initiatives.weforum.org/accelerators-network/gender-parity
Ringgit ends lower vs US dollar on strong nonfarm payroll data: KUALA LUMPUR: The ringgit ended lower against the US dollar as the greenback strengthened ...
thestar.com.my/business/business-news/2024/04/08/ringgit-ends-lower-vs-us-dollar-on-strong-nonfarm-payroll-data
Asia Steps Up Currency Defense as Mideast Strife Roils Market: Central banks from Jakarta to Seoul intensified the defense of their currencies ...
bloomberg.com/news/articles/2024-04-19/asia-steps-up-currency-defense-as-mideast-strife-roils-market
Paid articlePaid
Ringgit stages rebound against US$ at opening: KUALA LUMPUR: The ringgit was marginally higher against the US dollar at the opening today following a slight ...
thestar.com.my/business/business-news/2024/04/09/ringgit-stages-rebound-against-us-at-opening
Japan says it won't rule out any steps to deal with excessive yen swings: TOKYO (Reuters) -- Japanese Finance Minister Shunichi Suzuki on Thursday said ...
asia.nikkei.com/Business/Markets/Currencies/Japan-says-it-won-t-rule-out-any-steps-to-deal-with-excessive-yen-swings
Asia braces for unwanted, but unavoidable FX battle: McGeever: Asian countries probably don't want it and they certainly didn't cause it, but a 'beggar thy ...
reuters.com/markets/currencies/asia-braces-unwanted-unavoidable-fx-battle-mcgeever-2024-04-17/
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