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PetroChina International will bunker a vessel with liquefied natural gas in Singapore for the first time on Thursday, its chairman said, expanding alternative-fuel options at the world's top refuelling port. The company also completes a methanol bunker vessel acquisition on Friday amid rapid growth
TSMC reported a sixth consecutive quarter of record net profit, driven by strong demand for AI chips and advanced packaging. Net profit for July to September rose 69 per cent year on year to NT$763.1 billion, beating analyst forecasts. The company faces investor scrutiny over US interest rate concer
The cost of insuring against US tech defaults has hit record highs, reflecting investor concern over AI investments and mounting debt. Oracle, SoftBank and CoreWeave saw credit default swap spreads widen sharply, with CoreWeave's debt prices tumbling.
Taiwanese President Lai Ching-te called on Micron Technology and its Taiwan workers to negotiate sincerely over a bonus dispute that could lead to a strike. Speaking at a new Micron facility, he urged harmonious labour relations, while Micron said 2027 capacity is already sold out.
The IMF forecasts Asia-Pacific growth of 4.8 per cent this year and 4.4 per cent in 2027, above April projections but below last year's 5 per cent. It warns that energy shocks from Middle East conflict, a possible AI boom slowdown and rising global bond yields could heighten downside risks for the r
Hong Kong shares fell sharply by noon on 15 October, with the Hang Seng Index dropping 1.47 per cent to 23,955 points. The decline was led by tech shares, as the Hang Seng Tech Index slid 2.94 per cent and mainland indices also fell.
J&T Express reported a nearly 25 per cent year-on-year rise in global parcel volume to 9.584 billion parcels in the third quarter, with daily volume exceeding 100 million for a second straight quarter. China volumes grew over 15 per cent, while Southeast Asia surged more than 44 per cent.
CoreWeave chief executive Mike Intrator told employees that markets can sometimes act irrationally after shares fell about 15 per cent, and said the company's backlog more than covers its debt obligations. The AI cloud provider reported a US$104.2 billion revenue backlog in the second quarter and ov
Bank of Japan board member Junko Koeda said the central bank should not be overly cautious about raising rates, citing upside inflation risks and accommodative financial conditions. She noted underlying inflation is anchoring around the 2 per cent target and wages are rising steadily.
UBS is preparing contingency plans that could include relocating its headquarters from Switzerland if lawmakers tighten capital requirements, the Wall Street Journal reported. Options include acquiring a US financial institution, merging with a European rival, or selling to a US bank.
New World Development expects to issue about US$189.1 million in new secured notes due 2032 after receiving sufficient tenders in the early phase of its debt exchange offer. The offer covers three US dollar-denominated note series worth about US$991 million, with settlement expected on October 20.
San Francisco Fed President Mary Daly said further rate hikes are likely needed to curb inflation, but the central bank can wait until its October meeting to decide. She argued the labor market's stability gives policymakers time to deliberate rather than react to one month of data.
South Korea triggered a sell-side 'sidecar' trading halt on Thursday as the KOSPI plunged more than 7 per cent, tracking a tech-led Wall Street selloff driven by sticky US inflation data. Chipmakers Samsung Electronics and SK Hynix led the decline, with the benchmark set for its longest losing strea
Hong Kong stocks opened lower on Thursday as hotter-than-expected US inflation boosted expectations of a December rate hike. The Hang Seng Index fell 0.8 per cent, with tech and chip stocks leading declines.
Citigroup now expects the Federal Reserve to raise interest rates by 25 basis points in December, after US consumer inflation data for September came in significantly above expectations. The brokerage had previously been the lone holdout forecasting no further rate moves this year.
Wall Street's main indexes opened lower on 14 October after a hotter-than-expected inflation report increased the likelihood of an interest rate hike this month. Investors also parsed earnings from major banks. The Dow, S&P 500, and Nasdaq all fell at the opening bell.
Netflix is laying off about 6 per cent of its workforce, or roughly 1,000 jobs, the Wall Street Journal reported. The cuts are the streaming giant's largest since 2022 and will mainly affect product, tech, legal and HR teams.
Japan will invest up to US$21 billion in two chip factories in New York state, jointly owned by the US and Japan and operated by GlobalFoundries. The deal is part of a US$550 billion investment pact with the US, which will take a stake in the factories and a 4 per cent stake in GlobalFoundries.
Billionaire investor Ray Dalio warns the US bond selloff is far from over, with surging government borrowing and fading demand from major buyers like China and Japan. He says the 'death spiral' of rising yields and deficits will continue until higher rates weaken the economy enough to restore balanc
US consumer prices rose 0.6 per cent in September, driven by a 7.1 per cent surge in gasoline costs, pushing annual inflation to 3.7 per cent. Core inflation also firmed, raising expectations of a Federal Reserve rate hike this month.
Federal Reserve Vice Chair Michelle Bowman said on Wednesday there is no urgency for further rate moves, as the central bank monitors markets after September's hike. She also urged a 'complete reorganization' of Fed supervision following the Silicon Valley Bank collapse and highlighted capital needs
Swire Properties and China Tourism Group Duty Free have named their first resort-style retail development CDF Taikoo Li Sanya in Hainan. The 210,000-square-metre project, part of the cdf Sanya complex, will open in phases starting this year, blending retail, arts and tropical leisure.
Hong Kong shares edged down on Wednesday, with the Hang Seng Index dipping 0.13 per cent, despite gains in tech stocks. Meituan led blue chips with a 6.6 per cent rise, while biopharmaceutical firms dragged the market.
Nvidia chief executive Jensen Huang announced a fresh US$2 billion investment in Europe during his visit, on top of US$8 billion invested over the past year. He met French President Emmanuel Macron, discussed AI security and open-source software, and backed new funding for French startups while reje
IMF Managing Director Kristalina Georgieva urged member countries to deliver on funding commitments for the Poverty Reduction and Growth Trust, warning that economic pressures and rapid AI development could widen the gap between advanced and developing economies. She also called for fresh contributi
PICC Property and Casualty issued Hong Kong's first insurance-linked securities sidecar, worth US$12 million, to support mainland offshore wind farm reinsurance. Officials say the deal advances Hong Kong's role as a global risk management hub and plans to ease investor rules and introduce protected
SK Group Chairman Chey Tae-won has agreed to sell a 1.34 per cent stake in SK Inc to a fund linked to Michael Dell's family office for US$406 million, part of a plan to raise 944 billion won for his divorce settlement. The deal raises governance questions in South Korea.
The European Union is pursuing closer ties with Vietnam on critical minerals to reduce reliance on China, according to internal documents. The bloc plans financial support for Vietnam's mining and processing industry, ahead of a visit by Vietnamese leader To Lam to Brussels next week.
HKEX's Core Climate has completed two cross-border pilots with Guangzhou Power Exchange and Shenzhen Green Exchange, boosting green certificate trading and carbon market connectivity in the Greater Bay Area. A cooperation agreement supports China's green power certificate market.
US President Donald Trump said Taiwan has agreed to buy 30 per cent of liquefied natural gas from an Alaska pipeline project, with Commerce Secretary Howard Lutnick adding that Taiwan committed to invest $4.4 billion. Taiwan's government did not confirm the deal, and details remain unclear.
The US Treasury fined Bank of America US$1.21 billion for failing to report over US$5 billion in suspicious activity, including US$1 billion tied to national security risks. The penalty, the third-largest in Treasury history, includes a record US$750 million civil penalty from the OCC.
Tencent has priced US$1.8 billion in US dollar notes and 26 billion yuan in yuan-denominated notes under its global medium-term note programme. Proceeds will go towards general corporate purposes, with the notes due between 2036 and 2056 and listed on the Hong Kong Stock Exchange.
Singapore's central bank kept monetary settings unchanged on Wednesday, surprising analysts who had expected tightening. The MAS cited easing growth and inflation as the AI boom moderates, and narrowed its core inflation forecast to 1.5-2 per cent.
Two Federal Reserve officials said the US central bank likely needs to raise interest rates once more this year to curb inflation. New York Fed President John Williams and Boston Fed President Susan Collins both signalled further tightening, though future moves would depend on incoming data.
Apple chairman Tim Cook appeared at Tsinghua University in Beijing on October 13 for the 2026 advisory board meeting of the School of Economics and Management. The board, chaired by Cook, includes tech leaders and gained three new members this year, including Jensen Huang and Lisa Su.
US stocks opened mixed on Tuesday as chip shares fell and investors weighed bank earnings. The Dow rose 0.47 per cent while the S&P 500 and Nasdaq slipped 0.15 and 0.39 per cent respectively.
Citigroup beat Wall Street estimates for third-quarter profit, helped by stronger investment banking and wealth management revenue. Trading profits rose only 2 per cent year on year amid market volatility and higher interest rates, while the bank reaffirmed its return target of 11 per cent.
Haidilao shares fell after chairman Zhang Yong secured a 100 million yuan loan from the company, following a September stake sale, as new mainland tax rules on offshore trusts pressure his finances. Citi cut its target price, warning of investor anxiety over the controlling shareholder's cash needs.
British designer Kim Jones will open his first global flagship at Henderson Land's Central Yards in Hong Kong in 2027, occupying a duplex maison with about 4,000 square feet. Henderson Land chairman Martin Lee Ka-shing called it a vote of confidence in Hong Kong's creative capital status.
Chinese automakers are expanding in Europe, leveraging competitive pricing and EV technology, despite EU tariff disputes. BYD, Geely, Chery, and others are building plants or forging partnerships, with several targeting production by 2027-2028.
Hong Kong stocks ended higher on Tuesday, with the Hang Seng Index rising 0.3 per cent to 24,345 points, as bank shares offset declines in tech and chip stocks. Casino operators also outperformed, while the tech index fell 0.79 per cent.
China's smartphone shipments fell 15.4 per cent year on year to 57.9 million units in the third quarter, marking a sixth consecutive quarterly decline, IDC said. Huawei led the market with a 21 per cent share, while Apple and Chinese rivals posted lower shipments amid weak consumer spending.
Jardine Matheson has completed the acquisition of Balfour Beatty's 50 per cent stake in Gammon Construction for £250 million in cash, making Jardine the sole owner. The group also raised its 2026 underlying earnings per share forecast to US$5.50-US$5.65, citing solid performance across its portfolio
US payments firm Visa has received approval from China's central bank to begin preparations for a domestic bankcard clearing institution. The move follows US President Donald Trump's summit with Chinese leader Xi Jinping and Trump's push for greater Visa access to China's credit card market.
DBS Group Research head Timothy Wong says an AI market correction is possible but a dot-com-style crash is unlikely because current investment is backed by real revenue. He urges Asia to adopt AI intentionally, citing a capital misallocation and a once-in-a-lifetime opportunity for legacy firms.
The IMF lifted its 2026 global growth forecast to 3.1 per cent, citing AI investment, while keeping 2027 at 3.4 per cent. It cut China's outlook and warned of rising downside risks from debt and Middle East conflict.
The euro is expected to hover around an 18-month low in the short term, weighed down by France's fiscal problems and political instability, according to Guangda Securities International strategist Tang Lai-hung. She sees technical rebound potential but resistance at 1.132 US dollars, with no immedia
Hong Kong stocks ended the morning session lower but off their worst levels, with the Hang Seng Index closing 95 points down at 24,176 after briefly falling below 24,000. Tech and chip stocks led declines, while casino and some financial names gained.
President Lee Jae Myung said South Korea must raise its benchmark interest rate to narrow the yield gap with the United States and align with global tightening. He called an increase "almost a foregone conclusion" despite concerns about household debt, in an unusual political intervention on Bank of
LVMH reported weaker-than-expected third-quarter sales as deteriorating Chinese consumer sentiment hit demand for Louis Vuitton and Dior. The world's largest luxury group's organic sales rose 1 per cent, missing forecasts, and fashion and leather goods fell 5 per cent, deepening concerns about the s
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