Finance Stocks slip as dollar heads for weekly loss Stocks fell while the dollar headed for a weekly loss, reflecting market uncertainty.
Singapore Singapore stocks rise 0.2% on Friday as exports surge; palm oil counters slide Singapore stocks rose 0.2% as exports surged 68.4%, but palm oil counters slid on haze scrutiny. Yangzijiang led STI gainers.
Finance China’s plan to make renminbi a global currency enters faster phase China is accelerating renminbi internationalization by expanding offshore investment products, derivatives, financing channels, and cross-border clearing to deepen global use.
Business Yields on S’pore government securities climb higher: Should investors buy in or stick to stocks? Singapore T-bill yields climb near 1.9%, SSBs offer 2.45%, experts expect more upside; investors weigh fixed income against dividend stocks.
Asia Taiwan to curb AI chip exports to China as part of US trade deal Taiwan will tighten AI chip export controls on China, aligning with US trade commitments and making restricted AI hardware shipments a criminal offence.
International US holds more secret talks with Myanmar’s military-backed rulers in Tokyo, sources say US held second secret talks with Myanmar’s military-backed government in Tokyo, focusing on scams, rare earths, and broader re-engagement.
Asia China says can ‘easily win’ confrontation with Philippines China’s envoy said Beijing could “easily win” a conflict with the Philippines but would not use force; Manila called it a thinly veiled threat.
Business UBS exploring options abroad in case Swiss rules prove intolerable, sources say UBS is exploring overseas options, including moving headquarters or merging, if new Swiss banking rules prove too strict; no active talks are underway.
Finance Warsh boosts market expectations of Fed rate hold in October Warsh made no policy signal, lifting market expectations the Fed will hold rates at its Oct 27-28 meeting; hike odds fell below 15%, stocks rose and the dollar slipped.
Business Stocks, futures rise as Fed bets ease after Warsh: Markets wrap Stocks rose as Fed's Warsh signaled no urgency to hike rates, trimming October hike bets. Asian shares gained on chip rebound; Indonesia fell on MSCI removal.
Business Warsh boosts market expectations of Fed rate hold in October Fed Chair Kevin Warsh avoided signaling a policy change, raising market odds the Fed will hold rates at its Oct 27-28 meeting; rate-hike bets fell below 15%.
Business Stocks, futures rise as Fed bets ease after Warsh: Markets wrap Stocks and futures rose and the dollar slipped after Fed Chair Warsh avoided backing tighter policy, cutting October hike bets to 15%; Asian chip shares gained, while Indonesia fell on MSCI removal.