Business
US consumer borrowing rises most in three months on credit cards
Rising inflation may also be pushing consumers to take on more debt as they turn to credit to cover higher day-to-day expenses US consumer…
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Business
Business
US: Nasdaq ends at record as markets eye interest rate relief
The Nasdaq finished at a fresh record on Monday as major equity indices advanced in hopes that benign US inflation data will lead to…
Business
Rivian lays off hundreds of employees ahead of the end of EV tax credits
Rivian has laid off about 200 employees as the electric vehicle maker prepares for a U.S. economy with fewer incentives to go green. The…
Business
Vietnam's Garment and Footwear Firms Boost Domestic Market Presence
Vietnam's textile, apparel, and footwear companies are increasingly looking to the domestic market as a safety net and a strategic growth…
Business
China's PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and…
Business
Italy’s renewable energy delays could miss EU carbon emission goals: report
Italy may struggle to meet its carbon emission reduction commitments due to delays in renewable power generation and energy storage…
Business
Nasdaq makes push to launch trading of tokenized securities
If approved, the move would mark the first instance of tokenized securities being allowed to trade on a major US stock exchange Nasdaq is…
Business
US: Wall St opens higher as Fed rate cut expectations firm
Wall Street’s main indexes opened higher on Monday (Sep 8), rebounding from the previous session’s decline, amid hopes that the Federal…
Business
Thailand vows to curb baht swings as currency hits 4-year high
Thailand’s central bank vowed to take steps to ease baht volatility and limit the influence of gold prices after the local currency…
Business
Tesla market share in US drops to lowest since 2017 as competition heats up
The falling share reveals the company’s increasingly difficult choice of supporting sales using higher, profit-destroying incentives for…
Business
Aoxin Q&M’s ex-CEO accused of taking 15 million yuan via improper loans, sham share deals
The audit committee has ‘reasonable evidence’ that four whistleblower reports received by the board are credible The audit committee of…
Business
Clip of strong winds in Vietnam falsely shared by Thai users to taunt Cambodia
After major storms caused flooding in parts of Southeast Asia, a video of people battling strong winds surfaced in Thai social media posts…
Business
Singapore stocks end flat amid regional rally amid US rate cut expectations
Local stocks ended flat on Monday (Sep 8) while Asian markets rallied amid expectations that the US will cut rates in September, given a…
Business
China can’t be counted on to absorb global crude surplus as Opec+ bumps up production: market watchers
Crude could trade at below US$60 a barrel by end-2025 as the world’s largest oil importer slows down stockpiling The crude oil market is…
Business
China’s e-commerce companies are getting singed by a price war
The bitter battle among China’s major online companies to win the “instant retail” war is expected to further depress their short- to…
Business
Cosco Shipping Holdings and Orient Overseas (International) could be hit by over US$2.1 billion in US port fees: HSBC
Chinese lines Cosco Shipping Holdings and Orient Overseas (International) could be hit by US port fees amounting to more than US$2.1…
Business
Cosco Shipping, Orient Overseas could be staring at over US$2.1 billion in US port fees: HSBC
This could erode 74% and 65% of consensus Ebit margin forecast for FY2026 for Cosco Shipping Holdings and Orient Overseas (International),…
Business
Bank Indonesia, government allay concerns that 'burden sharing' deal will reduce independence
Indonesia’s government and central bank sought to allay concerns on Monday (Sep 8) about their unusual collaboration to fund government…
Business
Alibaba is No 1 for China traders ploughing HK$13.5 billion in stock
Renewed optimism over Alibaba Group Holding’s potential in artificial intelligence has turned the stock into Chinese investors’ favourite…
Business
ECB set to hold rates steady with eye on France crisis
The European Central bank (ECB) is expected to hold interest rates steady again this week with inflation under control and US tariff…
Business
Still ‘more things to be done’ to reap synergies across OCBC: deputy CEO Tan Teck Long
OCBC’s incoming chief executive wants to continue building on the bank’s cross-selling and integration strategy. “We are an integrated…
Business
Still ‘more things to be done’ to reap synergies across OCBC: CEO-designate Tan Teck Long
OCBC’s incoming chief executive wants to continue building on the bank’s cross-selling and integration strategy. “We are an integrated…
Business
Competition watchdog launches public consultation on TPG’s proposed privatisation of Econ Healthcare
The Competition and Consumer Commission of Singapore is inviting feedback from Monday to Sep 19, 5 pm The country’s competition watchdog…
Business
Competition watchdog seeks public’s views on TPG’s proposed privatisation of Econ Healthcare
The Competition and Consumer Commission of Singapore is inviting feedback from Monday to Sep 19, 5 pm The country’s competition watchdog…