Daily Debrief: What Happened Today

Stories you might have missed

Singtel’s Optus says customer information potentially compromised in cyberattack

OPTUS is investigating the possible unauthorised access of both current and former customers’ information following a cyberattack which was shut down “immediately” upon its discovery.

Federal Reserve goes big again with latest rate hike of 75 bps; Powell vows to ‘keep at it’

THE Federal Reserve delivered its third straight interest rate increase of three-quarters of a percentage point on Wednesday and signaled a high likelihood of at least one more move of that size this year, with the US central bank’s chief vowing that officials would not let up in their battle to contain inflation.

Bank of Japan keeps ultra-low rates, dovish policy bias

THE Bank of Japan kept ultra-low interest rates on Thursday (Sep 22) and vowed to hold them there to support economic growth as it bucked a global tide of monetary tightening by central banks fighting to rein in soaring inflation.

Apac needs at least US$26t and a clearer framework to achieve net-zero: study

COUNTRIES in Asia-Pacific (Apac) need to address the funding gap for renewable energy projects if they are to achieve a net-zero future.

Singapore’s rising costs of running a business outpace Hong Kong

SINGAPORE looks like an attractive location for firms wanting to exit Hong Kong, but they may find a move to the city-state hits their bottom line more than expected.

The STI today

Singapore stocks take 75 basis point Fed rate hike in stride; STI ends flat

ASIAN markets were mostly lower on Thursday (Sep 22) after the Federal Reserve’s September meeting.