Finance

China plans to boost its slowing economy through increased fiscal spending, focusing on households and consumption to strengthen domestic demand while managing local government debt risks.

At Beijing’s World Robot Conference, Chinese firms showcased innovations to boost investor interest. Despite rapid sector growth, experts note that large-scale commercial adoption remains a decade away.

China’s new tax rules on offshore trusts increase scrutiny for wealthy Chinese clients. Singaporean bankers are now advising clients to ensure compliance and navigate complex tax liabilities under these stricter regulations.

Singtel’s Q1 net profit dropped 71% due to missing one-off divestment gains. Despite weaker Singapore performance, underlying profit rose 21% on strong regional associate contributions and growth in Digital InfraCo.

Wall Street fell as fading optimism regarding a US-Iran peace deal and inflation concerns dampened investor sentiment, despite gains in the energy sector and select asset management firms.

Gold prices surged to a six-month high as progress on a Strait of Hormuz shipping deal reduced expectations for US Federal Reserve interest rate hikes.

Fed Chair Kevin Warsh kept interest rates unchanged, prioritizing inflation control over market guidance. This "tough love" approach triggered a significant stock market sell-off and rising bond yields.

Wall Street fell sharply as the Federal Reserve kept interest rates steady. Investors sold off AI-related stocks amid concerns over high capital spending and persistent inflation, fueling fears of future rate hikes.

Singaporean households will receive $300 in CDC vouchers in January 2027 to help manage inflation and rising costs, part of a $900 million government support package.

New US tariffs, combined with rising food prices, an oil shock, and tech valuation concerns, threaten to trigger global inflation and financial market instability.

Asian markets rallied as falling oil prices eased inflation concerns, boosting shares and bonds ahead of key central bank meetings and corporate earnings reports.

Vietnam has launched a comprehensive capital-market reform to reduce bank reliance and support long-term growth, targeting US$76 billion annually by 2030 through expanded equity, bond, and insurance market development.