Oil slips as Trump’s sanction waiver may lead to more Russian fuel supplies
Oil prices fell after Trump waived sanctions on Russia, potentially boosting Russian fuel exports. Brent dropped 1.3% to $108.43.
Business
Vietnam signs free trade deal with four European nations
Vietnam signed a free trade agreement with four European nations.
Western brands under pressure as 'pre-owned' luxury booms in China
China’s booming pre-owned luxury market is pressuring Western brands as cost-conscious shoppers increasingly choose secondhand goods over new premium products.
China plans AI export curbs to exert control over key tech
China proposed export controls on advanced AI, chip designs and computing clusters, plus selected biotech and solar tech, to tighten control over strategic technologies.
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.
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.
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.
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%.
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.
Malaysia’s growth tops forecasts as AI boom drives export surge
Malaysia's Q3 GDP grew 5.3%, beating forecasts but slowing from 6%, as AI-driven electronics exports and resilient domestic demand supported growth. It expects about 5% growth in 2026.
Singapore’s key exports soar beyond expectations in September on AI and non-electronics boom
Singapore’s September non-oil domestic exports jumped 68.4% year on year, beating forecasts on AI-driven electronics and a non-electronics boom—a seventh straight month of double-digit growth.
Singapore key exports jump by higher-than-expected 68.4% in September, led by non-electronics
Singapore’s September NODX surged 68.4%, beating forecasts, led by non-electronics; electronics also climbed on AI demand.