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Taro Aso, Japan’s former deputy prime minister and finance minister, delivered a speech during an ordinary session at the lower house of the parliament in Tokyo, Japan, on Monday, Jan. 20, 2020. Photographer: Kiyoshi Ota/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesSanae Takaichi, who is expected to become Japan’s next prime minister, chose former premier and party heavyweight Taro Aso on Tuesday as vice president of her ruling party, a move some analysts saw as a restraining force against big fiscal spending.Takaichi also chose former finance minister Shunichi Suzuki as secretary-general of the Liberal Democratic Party (LDP), a job that wields huge influence in party affairs, in a line-up of key party posts announced on Tuesday.The announcements came after the…

[BENGALURU] Sidhi Sharma wanted to marry an Indian citizen with a high-flying job in the United States.But the 19-year-old medical student from India’s northern Haryana state dropped the idea after seeing recent headlines about US President Donald Trump’s immigration crackdown.“I had always dreamed of settling in the US after marriage,” she said, without elaborating on her reasons. “Trump has shut the door for me.”Tighter US immigration policies, particularly for the H-1B skilled-worker visa, are making families in India less inclined to marry their children to Indian citizens based in the United States for fear the potential partners might lose their…

Elon Musk has appointed former Morgan Stanley banker Anthony Armstrong as the new chief financial officer of his artificial intelligence group xAI, the Financial Times reported on Monday.Armstrong will lead the finance operations for both xAI and social media platform X, the report said, citing several people familiar with the matter. xAI did not immediately respond to a Reuters request for comment.

The central bank has cut its key rate by 150 basis points since August 2024 as inflation slowed, backed by declining rice prices[MANILA] Philippine inflation quickened in September but stayed below the central bank’s target range, giving monetary authorities space to reduce the benchmark interest rate further this year.Consumer prices rose 1.7 per cent last month from a year ago, the Philippine Statistics Authority said on Tuesday (Oct 7). That was below the 1.9 per cent median estimate in a Bloomberg News survey and followed the 1.5 per cent rate in August.The Bangko Sentral ng Pilipinas has projected inflation in…

EMA is actively exploring the viability of combusting ammonia directly in gas turbines[FINSPANG] Singapore must move early and decisively to explore alternative fuels such as hydrogen and ammonia, said Energy Market Authority (EMA) chief executive Puah Kok Keong.He told The Business Times during an interview at Siemens Energy’s Finspang factory that directly burning ammonia for power generation, rather than using it only as a hydrogen carrier, could be a viable path to net-zero emissions by 2050 for a small, import-dependent nation with limited renewable resources.There has been a lot of interest in hydrogen as a pathway for decarbonisation among several…

More than a bilateral deal, this collaboration is a test for both countries to anchor themselves in the global carbon economyON SEP 16, Vietnam and Singapore signed a landmark Implementation Agreement on carbon credit trading under Article 6 of the Paris Agreement.The agreement is a breakthrough for both countries. Singapore is able to secure access to high-quality credits to meet its carbon neutrality targets. For Vietnam, it unlocks a new financing channel for its green transition.The deal signals the two countries’ ambition to shape Asean’s emerging carbon credit architecture. 

LONDON :Several large banks said they were closing bullish trade recommendations on the Japanese yen after the country’s ruling party on Sunday picked as its leader Sanae Takaichi, whose views on fiscal and monetary policy have unnerved currency investors.  Takaichi was considered to have the most expansionist fiscal and monetary agenda among the five candidates in the Liberal Democratic Party race to replace hawkish Prime Minister Shigeru Ishiba.Traders put on “Takaichi trades” that assumed stocks would rally and Japanese government bond prices, particularly those on longer maturities, would fall.Meanwhile, the yen crossed the symbolic 150 threshold against the dollar on…

[SINGAPORE] Shares of DBS Bank climbed as much as 2.3 per cent on Tuesday (Oct 7) morning, driving its market capitalisation beyond S$150 billion.The counter hit S$54.42 as at 11.15 am, continuing a rally that has seen it climb more than 21 per cent year to date.In June, DBS became the first listed company in Singapore to cross the US$100 billion (S$129 billion) market capitalisation milestone, helped by a weaker US dollar.It now has nearly double the market capitalisation of its nearest banking rival, OCBC .The head of prime brokerage dealing at Maybank Securities in Singapore, Tareck Horchani, last week…

STOCKHOLM, Oct. 6, 2025 /PRNewswire/ — BioArctic AB’s (publ) (Nasdaq Stockholm: BIOA B) partner Eisai announced today that lecanemab-irmb subcutaneous injection (U.S. brand name: Leqembi Iqlik) is now available in the U.S. as a maintenance dosing regimen for the treatment of Alzheimer’s disease (AD) in patients with Mild Cognitive Impairment (MCI) or mild dementia stage of disease (collectively referred to as early AD). After 18 months of Leqembi intravenous (IV) treatment at 10 mg/kg every two weeks, patients may either continue IV infusions at 10 mg/kg once every four weeks or start the new weekly 360 mg subcutaneous injection using the Leqembi…

[MELBOURNE] Aware Super, one of Australia’s largest pensions, confirmed plans to merge with smaller rival TelstraSuper to form a A$235 billion (S$201 billion) fund.The two pensions have signed a binding Heads of Agreement, and will merge towards the end of the current financial year, according to a statement from Aware Super on Tuesday (Oct 7).The funds, which have a combined 1.3 million members, said in July that they were exploring a tie-up.Regulators have been pushing funds in Australia’s A$4.3 trillion pension industry to merge and seek economies of scale to offset costs.A report from Mercer in March forecast Australia to…