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News
China's Ligent seeks about US$723 mil in Hong Kong IPO, targets AI-related expansion
9+ hour, 23+ min ago (361+ words) (Sept 14): China's Ligent Technologies seeks to raise about HK$5.67 billion (US$723 million) in a Hong Kong initial public offering (IPO) to fund product development and expand production, showed a prospectus filed at the stock exchange on Monday. The maker of…...
Shares slip in Asia as oil climbs, rate hikes loom
11+ hour, 37+ min ago (579+ words) SYDNEY (Sept 14): Share markets slid in Asia on Monday as supply concerns caused oil prices to spike anew, while investors braced for possible interest rate hikes in both the United States and Japan this week. Brent climbed 3% as new strikes…...
At least 129 missing after Indonesian passenger ship capsizes
20+ hour, 56+ min ago (302+ words) BANJARMASIN/JAKARTA, Indonesia (Sept 13): At least six people died and another 129 are still missing after an Indonesian passenger ship capsized in the Java Sea during bad weather early on Sunday, the search and rescue agency said. Crews managed to rescue…...
Swedes vote in election that could usher far right into government
1+ day, 1+ hour ago (695+ words) STOCKHOLM (Sept 13): Swedes were voting in a closely fought election on Sunday that will either bring a far-right party into government for the first time or shift the country back towards the liberalism it has long been known for. Sweden's…...
New report of attack on Strait of Hormuz shipping fans fears of threats to oil supplies
1+ day, 4+ hour ago (817+ words) ADEN/DUBAI (Sept 13): Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, adding to concerns about Iran-related threats to global energy supplies after Saudi Arabia shut down a vital oil pipeline....
Carney calls US trade bans ‘modest’, signals Canada won’t retaliate
3+ day, 8+ hour ago (244+ words) (Sept 11): Prime Minister Mark Carney said this week’s round of US trade measures against Canada will hurt some businesses but will have a “modest” impact overall — and signalled that his government isn’t planning to retaliate. “We fully recognise that for…...
Singapore PM defends political pay hike as 'responsible course to take"
3+ day, 23+ hour ago (396+ words) SINGAPORE (Sept 10): Singapore's prime minister said on Thursday he deliberated "long and hard" over an increase in ministerial and lawmakers' salaries, already among the highest in the world, but felt it was necessary to attract talent into government ranks. Lawrence…...
US producer prices increase as expected in August
3+ day, 21+ hour ago (443+ words) WASHINGTON (Sept 10): US producer prices increased in line with expectations in August amid a rebound in the cost of energy products. The producer price index for final demand rose 0.4% last month after an upwardly revised 0.1% gain in July, the Labor…...
Rubber glove stocks rally as Brent crude tops US$100
3+ day, 23+ hour ago (660+ words) KUALA LUMPUR (Sept 10): Rubber glove counters on Bursa Malaysia rallied broadly on Thursday, lifted by higher crude oil prices and a recent price hike by China's leading glove maker Intco Medical Technology Co Ltd. Higher oil prices raise the cost…...
Houthis seize key Yemeni Red Sea port, threatening global energy flows — Reuters
3+ day, 22+ hour ago (835+ words) CAIRO/WASHINGTON/DUBAI (Sept 10): Iran-aligned Houthi militants seized control of Yemen's port city of Mocha on Thursday, military sources said, posing a further threat to global energy supplies hours after President Donald Trump said he expected the war to end…...