Markets

NEW YORK: Wall Street stocks again hit new all-time highs on Wednesday (Nov 27) following better-than-expected US economic data, finishing buoyantly in the week's last full session of the holiday-shortened week. The Dow Jones Industrial Average concluded the day at 28,164.00, up 42.32 points (0 ...

AUSTRALIAN-DOLLAR bears are probably on the prowl, with pundits expecting the currency Down Under going further down to 0.90 from the current 0.92 against the Singapore dollar, courtesy of the Reserve Bank of Australia's dovish stance and its view that quantitative easing is "an option".

FOLLOWING the success of its pilot issuance of Asia's first infrastructure project finance securitisation last year, Temasek-backed Clifford Capital now has plans to set up a platform to mobilise a new pool of institutional capital for infrastructure debt in Asia.

AMID global market uncertainties, funds under the Central Provident Fund Investment Scheme (CPFIS) registered slightly positive returns of 0.18 per cent on average for the third quarter ended Sept 30.

ASIA'S largest wealth manager UBS has taken a tactical "overweight" allocation on Asia-ex Japan equities, taking a bet that Chinese Internet players and 5G beneficiaries will see a boost in 2020.

Wall Street's main indexes notched fresh record highs on Wednesday, as data pointed to a resilient domestic economy and investors remained optimistic about a resolution to the U.S.-China trade war.

WASHINGTON: Economic activity in the United States continued its "modest" growth in the past six weeks, but trade tensions remain a concern and manufacturing was mostly flat, according to a Federal Reserve report on Wednesday (Nov 27). Nine out of the 12 Fed regions saw slight growth from October ......

WASHINGTON: The Justice Department has closed an antitrust investigation into a trade group that includes Verizon and AT&T among its members and which had been criticized for making it harder for consumers to switch carriers. In a letter to the GSM Association, which sets standards on eSIM ...

U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, and there are signs the downturn in business investment may be drawing to a close.

The Justice Department has closed an antitrust investigation into a trade group that includes Verizon and AT&T among its members and which had been criticized for making it harder for consumers to switch carriers.