Australia’s central bank to get new rate-setting board under review shake up
Importantly for market confidence, the new Monetary Policy Board would retain its independence from government and its flexible inflation target of 2% to 3%.
China regulators plan new bond market rules, will coordinate more after turmoil, sources say
The turmoil highlighted how regulatory action in China can come with little warning and in a seemingly arbitrary manner.
Sugar prices spike to 11-year high and could rise further due to extreme weather
Prices have been driven up by unseasonal rainfall in India, a poor European beat crop and summer drought conditions.
Apple bets big on India, but will still rely on China for ‘years’ to come
For years, Tim Cook has been bullish on India. Now, he is betting on the Asian giant as it diversifies from China as Apple expands its India footprint.
GlobalFoundries sues IBM, says trade secrets were unlawfully given to Japan’s Rapidus
IBM is unjustly receiving potentially hundreds of millions of dollars in licensing income and other benefits,” GlobalFoundries said in a statement.
Stampede in Yemen’s capital kills at least 78, official says
The crush took place in the Old City in the center of Sanaa, where hundreds gathered for the event organized by merchants, according to the Interior Ministry.
Asia markets mixed as investors weigh more Wall Street earnings
Asian markets trade higher as they see trade data out of Japan and as Wall Street digests more earnings reports
UBS names the global stocks to buy amid sluggish growth and sky-high inflation
The Swiss investment bank took a look at market history to identify stocks that could beat the market in a period of sluggish growth and sky-high inflation.
The ‘real leader’ in the S&P 500 isn’t Apple or Microsoft — it’s this stock, analyst says
Louis Navellier, chairman at Navellier & Associates, gave three other stock picks with high expected earnings growth.
The priciest tickets for Singapore’s Formula One night race are gone — and others are going fast
The priciest tickets to attend Singapore’s Formula One race this year are gone, despite being priced at SG$11,016 for a three-day pass.
