Showing 1 - 9 of 9
Index might keep trading sideways
Business, Published on 08/06/2024
» The downtrend on the Stock Exchange of Thailand persisted in May, despite a temporary rebound when the SET index briefly surpassed 1,370 points early in the month. The index peaked at 1,389 points before pulling back below 1,370. Among the key factors expected to influence trading going forward:
Central bank rate decision puts spat with PM in spotlight
Bloomberg News, Published on 09/04/2024
» As the Bank of Thailand (BoT) prepares to review monetary policy settings on Wednesday, investors will be watching for any sign that Prime Minister Srettha Thavisin’s relentless campaign for rate cuts is influencing the central bank.
China sets ambitious growth target amid push to boost confidence
Published on 05/03/2024
» China will set its growth target at around 5% for the year, according to a copy of the government’s annual work report seen by Bloomberg News, raising expectations for officials to unleash more stimulus as they try to lift confidence in a slowing economy.
Central bank seen resisting rate-cut pressure
Bloomberg News, Published on 07/02/2024
» The Bank of Thailand (BoT) will probably keep its benchmark rate steady at more than a decade-high on Wednesday, resisting political pressure for a cut as the monetary authority is wary of lowering borrowing costs too soon.
E-commerce faces tax crackdown
Business, Suchit Leesa-nguansuk, Published on 04/01/2024
» The Revenue Department's decision to require digital platforms to report revenue gained from their online merchants is expected to affect Thailand's e-commerce landscape on many fronts.
Firm that created ChatGPT sacks CEO
Published on 18/11/2023
» Sam Altman, one of the most prominent figures in the world of artificial intelligence, is being forced out of OpenAI — the company behind the wildly popular ChatGPT chatbot he helped to create — after the board said it had lost confidence in him as a leader.
Global stocks edge higher but oil sinks
AFP, Published on 05/10/2023
» LONDON - Asian and European stocks rose on Thursday after modest Wall Street gains as investors kept a wary eye on US bond yields, while oil sank further on stubborn demand fears.
Asian markets rose as US inflation soothes rate fears for now
AFP, Published on 14/09/2023
» HONG KONG - A mixed inflation report in the United States boosted Asian markets Thursday as it soothed fears of a possible Federal Reserve interest rate hike next week, though the still hot reading left open the possibility of one more before year's end.
UBS to absorb Credit Suisse domestic unit
AFP, Published on 31/08/2023
» ZURICH - The banking giant UBS said Thursday it would fully absorb the Swiss unit of its recently swallowed rival Credit Suisse into its operations, without spelling out the implications for job cuts.