Business
Xiaomi rides fan base to EV profitability faster than Tesla
China’s mature EV supply chain helps Xiaomi to reach scale without needing heavy capital Xiaomi parlayed its popularity with an existing…
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Business
Business
Markets primed for possible further declines: Goldman president Waldron
The S&P 500 is down more than 3% this month, on course for its worst month since March Goldman Sachs Group president John Waldron said…
Business
Anna Kepner: FBI Plans to Investigate Stepsibling of Florida Cheerleader Who Was Found Dead Under Mysterious Circumstances on Carnival Cruise
The FBI is contemplating launching a possible criminal investigation involving a stepsibling of the Florida high-school cheerleader who…
Business
Hyundai to continue investing in US after immigration raid, says CEO
This is even after its workers were detained in an immigration raid at a plant it had a stake in Automotive giant Hyundai’s plan to invest…
Business
Hyundai’s US$26 billion investment plan in the US to continue despite immigration raid, says CEO
Automotive giant Hyundai’s plan to invest US$26 billion into the US between 2025 to 2028 will continue as planned. This is even after its…
Business
China expected to keep rates steady for sixth month as PBOC turns less dovish
The consensus comes after the central bank this month maintained its seven-day reverse repo rate, which now serves as a major policy rate…
Business
Air India lobbies to use airspace over China’s Xinjiang as financial woes mount
The airline has been seeking to rebuild its reputation and international network after a London-bound Boeing 787 Dreamliner crashed in…
Business
Alpina to delist on Dec 4 as court gives green light to joint privatisation by CEO, executive director and Savills Singapore
The scheme consideration comprises a payment of S$0.31 per share in cash and S$0.06 per share in cash by way of a special dividend…
Business
Alpina to delist on Dec 4 as court gives green light to joint offer by top execs, Savills Singapore
The scheme consideration comprises a payment of S$0.31 per share in cash and S$0.06 per share in cash by way of a special dividend…
Business
Alpina to delist on Dec 4 as court sanctions joint offer by top execs, Savills Singapore
Scheme consideration comprises a payment of S$0.31 per share in cash and S$0.06 per share in cash by way of a special dividend Integrated…
Business
Foreigners turn net sellers of Indonesian bonds on fiscal fears
Indonesia is now the only South-east Asian market seeing net foreign bond outflows this year Global funds have turned net sellers of…
Business
Hedging costs ‘becoming too much’ as US dollar weakens, says Temasek chief
However, rotating out of US equities is ‘not easy’, adds executive director and CEO Dilhan Pillay The US dollar’s recent weakness against…
Business
Weak US dollar lowers net returns on investments, says Temasek chief
Hedging costs have risen, but rotating out of US equities ‘not easy”, adds executive director and CEO Dilhan Pillay The US dollar’s recent…
Business
KKR opens Abu Dhabi office in deepening foray into Middle East
KKR is opening an office in Abu Dhabi’s financial centre, part of the alternative investment firm’s efforts to bolster its presence in the…
Business
Google DeepMind to open new AI research lab in Singapore
Google DeepMind said on Wednesday (Nov 19) it is opening a new artificial intelligence research lab in Singapore that will focus on…
Business
Asia: Markets bounce as Nvidia takes centre stage amid AI bubble fears
ASIAN investors battled on Wednesday to kickstart a recovery in equities following the latest stagger across world markets that has been…
Business
CDL upgraded to ‘buy’ by RHB on Singapore residential market strength, divestments
RHB has upgraded City Developments Limited (CDL) to “buy” from “neutral”, citing a strong momentum in Singapore’s residential property…
Business
UltraGreen.ai aims to raise US$400 million in Singapore IPO, term sheet shows
UltraGreen.ai, a medical imaging and fluorescence-guided surgery company, is aiming to raise about US$400 million in a Singapore initial…
Business
Volkswagen pares India EV development costs amid hunt for a partner
The spending cuts also reflect growing caution among global carmakers balancing investment between India, China and western markets…
Business
Gold steady as focus turns to Fed minutes, US jobs report
Gold prices were steady on Wednesday (Nov 19), as investors awaited minutes from the US Federal Reserve’s latest policy meeting and US…
Business
Labubu’s Creator Kasing Lung Named ComplexCon Hong Kong Artistic Director
LABUBU TIME: Kasing Lung, the creator of the global cultural phenomenon Labubu and The Monsters universe it inhabits, has been named the…
Business
Warner Bros Discovery wants Paramount to raise its offer to US$30 per share, Axios reports
WARNER Bros Discovery’s board wants Paramount Skydance to sweeten its latest bid of US$23.5 per share to about US$30 apiece, Axios…
Business
Bank Indonesia policy juggle makes rate moves harder to predict
The central bank has spurned market expectations at half of its 10 policy meetings so far this year Bank Indonesia’s (BI) balancing act…
Business
Stocks to watch: Singtel, LHN, Coliwoo
The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 19): Singtel: The telco was hit…