China says APEC finance ministers agree to boost policy coordination
China said APEC finance ministers agreed to strengthen policy coordination, CNA reported.
Finance
Indonesia stock exchange chief defends MSCI after ex-minister alleges Singapore interference
Indonesia’s stock exchange chief defended MSCI’s independence after a former minister accused Singapore’s Temasek and GIC of pressuring MSCI to downgrade Indonesia’s market status.
Heading to Taiwan? You can now pay with DBS PayLah!
DBS PayLah! users can now scan TWQR codes at over 250,000 Taiwan merchants, making DBS the first Singapore bank linked to Taiwan’s network; full coverage and merchant-scan payments arrive in 2027.
Japan shifting to wage-driven inflation phase, finance minister says
Japan’s finance minister says inflation is shifting from import-cost-driven to wage-driven, as the government plans tax cuts and payouts and sees no gap with the BOJ.
AI data centre projects boost US warehouse demand and rents, real estate company JLL says
JLL says AI data centre projects near Dallas/Fort Worth and Washington, DC, are boosting US warehouse demand, lifting average asking rents 3.2% year on year to US$10.55 per square foot in Q3.
Japan’s September exports rise 16.7%, helped by chip demand
Japan’s September exports rose 16.7% year on year, the 13th straight gain, driven by semiconductor and AI-related demand; exports to the US and China also increased.
Dow leads Wall Street higher, investors focus on healthcare stocks
The Dow led Wall Street higher as investors favored value stocks, with healthcare hitting a record high; the S&P 500 rose 0.31% while the Nasdaq slipped 0.03%.
Singapore-based semiconductor firm Mi Material to expand into US, Malaysia in $215m IPO
Singapore's Mi Material is raising $215m in an SGX IPO to expand into the US and Malaysia and develop advanced chip materials.
Amazon to invest over €16 billion in Germany next year
Amazon plans to invest more than €16 billion in Germany next year.
Japan’s 20-year bond auction sees strongest demand on record
Japan’s 20-year JGB auction drew record demand, with bid-to-cover 5.84, as high yields revived domestic investor buying; focus turns to BOJ meeting next week.
Former Google chief Eric Schmidt’s 1% Anthropic stake set to pay huge windfall
Eric Schmidt’s early ~1% Anthropic stake could yield billions when the AI startup goes public at a valuation of up to $2 trillion.
Software upgrades eat nearly a third of companies' IT budgets, survey finds
Survey: large US and UK firms spend 28% of software budgets on unwanted vendor-driven upgrades, costing time and money and adding AI-era operational risk.