Business
Volkswagen’s second profit warning exposes a carmaker in decline
VOLKSWAGEN’s (VW) second profit warning in three months makes one thing clear: Europe’s biggest automaker is in decline. The German…
Swedan Margen
Swedan Margen contributes to Cosmopolitan Canada across fashion, style, culture, and entertainment.
The work spans trend coverage, cultural conversation, and stories drawn from the publication's editorial partners, with source attribution provided within individual articles where applicable.
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Business
Indonesia launches central counterparty clearing house
INDONESIA launched on Monday (Sep 30) a central counterparty clearing house (CCP) for foreign exchange and money market transactions as it…
Business
Hot stock: Nio jumps over 20% on news of strategic investment in China unit
The last time the counter reached such levels was in January, when it traded above US$7.60 SHARES of Nio rose by 21.9 per cent on Monday…
Business
Thailand has no limit on number of virtual bank licenses: deputy finance minister
THAILAND is not limiting the number of virtual bank permits that will be issued, a deputy finance minister said on Monday. Any group that…
Business
Asia: Tokyo stocks dive on strong yen as Hong Kong, Shanghai extend rally
STOCKS plunged more than four per cent in Tokyo on Monday after the yen surged in reaction to Shigeru Ishiba’s election last week as the…
Business
Singapore’s moribund IPO market looks to Reits for a lifeline
SINGAPORE’S stagnant initial public offering (IPO) market is relying on a boost next year from real estate investment trusts (Reits).…
Business
Singapore shares open almost flat on Monday; STI down 0.02%
SINGAPORE stocks began Monday (Sep 30) on a muted note, as global equities ended mixed over the weekend. As at 9.01 am, the Straits Times…
Business
Stocks to watch: Nio, Sheng Siong, Manulife US Reit
THE following companies saw new developments that may affect trading of their securities on Monday (Sep 30): Nio Inc: The Chinese…
Business
Opposition to Toyota’s chairman spreads among big shareholders
OPPOSITION to Toyota Motor chairman Akio Toyoda has surfaced among some of the Japanese company’s biggest investors, after a series of…
Business
Crop trader Olam to pay US$3.3 million fine for delayed cotton sales reports
CROP trader Olam Group will pay a US$3.3 million fine for delayed reporting of cotton sales to the US Department of Agriculture (USDA) and…
Business
Hoping for banks to slash mortgage rates? Don’t hold your breath, analysts say
Fed’s Sep 18 rate cut has been widely anticipated and local banks have already priced it in for their loan packages MORTGAGE rates in…
Business
Riskiest real estate bonds are beating Nvidia’s returns
A PREVIOUSLY gloomy corner of the debt world has become the biggest winning trade in global financial markets, producing returns that few…
Business
Raffles Medical executive chairman expands interest; First Reit independent director cashes in
Institutions were net sellers of Singapore stocks over the five trading sessions spanning Sep 20 to 26, with S$54 million of net…
Business
Apple drops out of talks to join OpenAI investment round: WSJ
APPLE has left negotiations to participate in an OpenAI funding round expected to raise about US$6.5 billion, the Wall Street Journal said…
Business
Canada’s high-yield bond market is suddenly the hottest in years
THE often-overlooked Canadian high-yield debt market is having a moment, as companies pile in to sell debt and investors look to lock in…
Business
OpenAI sees US$11.6 billion revenue next year, offers Thrive chance to invest again in 2025
THRIVE Capital is investing more than US$1 billion of OpenAI’s current US$6.5 billion fundraising round, and it has a sweetener no other…
Unsorted
Binance founder Zhao released from US custody: Bloomberg
BINANCE founder Zhao Changpeng was released from a correctional facility in California on Friday (Sep 27), Bloomberg News reported, citing…
Culture
Comcast unit sues Warner Bros for breach on TV show deals
COMCAST’S European Sky pay-television unit sued Warner Bros, alleging the film and TV company breached an agreement to share co-production…
Business
OpenAI is growing fast and burning through piles of money
OPENAI, the San Francisco startup behind ChatGPT, has been telling investors that it is making billions from its chatbot and that it…
Business
Rate cuts set gold on track for best quarter in eight years
GOLD prices were heading for their best quarter in more than eight years on Friday (Sep 27), having hit a series of record highs in recent…
Business
Dollar weakens after inflation data, yen surges on Ishiba win
THE dollar fell on Friday (Sep 27) after a reading of US inflation signalled price pressures continue to ebb, while the yen strengthened…
Business
US: Dow closes at record high as tame inflation report also lifts small caps
THE blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve…
Business
China-linked stocks climb on bevy of stimulus measures
US-LISTED shares of Chinese firms and China-focused funds jumped on Friday (Sep 27) and are set for another day of strong gains, aided by…
Business
News Corp-owned REA sweetens takeover offer for UK's Rightmove to US$8.3 billion
AUSTRALIA’S REA Group, owned by Rupert Murdoch controlled-News Corp, bumped up its takeover bid for Rightmove to £6.2 billion (S$10.6…