Business
Carro raises US$60 million to capture Japanese used car demand in Asia Pacific
The company says it expects overall demand for used cars and plug-in hybrid electric vehicles from Japan to grow South-east Asia’s largest…
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Business
Business
Carro raises US$60 million to tap Asia-Pacific demand for used Japanese cars; Cool Japan Fund leads funding
The company says it expects overall demand for used cars and plug-in hybrid electric vehicles from Japan to grow South-east Asia’s largest…
Business
Jio BlackRock sees India mutual fund industry tripling by 2032
Asia’s richest man is seeking to reshape India’s financial services industry by leveraging his vast telecom and retail empire BlackRock’s…
Business
Keppel inks partnership with Dell on data centre, AI platform investments in Asia
The collaboration will see data centres in Asia-Pacific incorporating Keppel’s green technologies and renewable energy capabilities Asset…
Business
Nissan to shut design studios in US and Brazil and downsize London, Japan operations
The Japanese automaker says that the restructuring, which will be completed by the end of fiscal 2025, is aimed at streamlining its design…
Business
Stocks to watch: Keppel, ComfortDelGro, ASL Marine
The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 17): Source link
Business
Asia’s record stock rally may unravel as tariffs bite, funds say
The current levies include 34% on China, 50% on India, 19% on Indonesia and 15% on Japan The record-breaking rally in Asian stocks is set…
Business
China’s Chery Automobile seeks up to HK$9.1 billion in Hong Kong IPO
Chery Automobile is seeking to raise as much as HK$9.1 billion (S$1.5 billion) in a Hong Kong initial public offering (IPO), kicking off…
Business
Microsoft pledges to invest US$30 billion in UK as Trump visits
Britain ranks among the top countries for private AI investments over the past decade Microsoft announced on Tuesday (Sep 16) a US$30…
Business
Nestle ushers in new leadership era as chairman exits early
Nestle chairman Paul Bulcke will step down early and hand over to former Inditex chief Pablo Isla on Oct 1, accelerating a changing of the…
Business
Morgan Stanley CIO favours 60/20/20 portfolio strategy with gold as inflation hedge
A 60/20/20 portfolio strategy that includes 20 per cent gold is a more resilient inflation hedge at a time when US equities are offering…
Business
Binance nears deal to escape compliance monitor imposed by DOJ
The Justice Department has not made a final decision on the monitorship, which has a three-year duration Binance Holdings, the world’s…
Business
Europe: Stoxx 600 hits one-week low as banks, insurers slide ahead of Fed decision
EUROPEAN shares fell more than 1 per cent at close on Tuesday, weighed down by rate-sensitive sectors, as investors turned cautious in the…
Business
World must spend US$540 billion a year looking for oil and gas: IEA
The world needs to spend some US$540 billion a year looking for oil and gas to maintain current output by 2050 as the pace of declines in…
Business
US: Stocks edge down from records ahead of Fed decision
Wall Street stocks edged down from record highs on Tuesday following solid US retail sales data as markets hold their breath ahead of a…
Business
ICE’s Newest Facility Is a Disaster—and They’re Expanding It
An Immigration and Customs Enforcement report revealed that officials at Camp East Montana, the new detention facility at Fort Bliss, have…
Business
Scott Norris Joins Friar Tux as President
Scott Norris, who spent more than two decades at Men’s Wearhouse, has joined Friar Tux, a family-owned formalwear retailer, as president.…
Business
US: Wall Street opens higher on rate cut expectations
Wall Street’s main indexes opened higher on Tuesday (Sep 16) as investors priced in expected interest rate cuts from the Federal Reserve…
Business
European Shares Slip as Banks, Insurers Fall Ahead of Fed's Rate Decision
European shares fell slightly on Tuesday as cautious sentiment gripped markets ahead of the U.S. Federal Reserve's closely watched policy…
Business
EXCLUSIVE: OSEA Secures Investment from General Atlantic to Fuel Global Expansion
OSEA has a new investor. The seaweed-infused skin care brand has entered into a definitive agreement to receive a strategic growth…
Business
Musk answers Tesla’s pay proposal with US$1 billion stock buy
ELON Musk responded to an unprecedented pay proposal from Tesla’s board by buying about US$1 billion worth of shares, sending the stock…
Business
Indonesia weighs new central bank mandate; rupiah weakens
INDONESIAN lawmakers are weighing changes at the central bank that include a broader mandate and a lower bar for removing senior…
Business
STI closes flat on Tuesday as regional peers gain
Decliners outnumber advancers 278 to 256 in the broader market with 1.5 billion shares worth S$1.4 billion changing hands The Straits…
Business
China's Tencent aims to raise US$1 billion equivalent in dim sum bonds
Chinese gaming and social media leader Tencent Holdings is aiming to raise the equivalent of US$1 billion in a three-tranche offshore yuan…