Business
ANZ mulls up to 5,000 job cuts in bank revamp: report
Group is mulling a reduction in headcount by as many as 5,000 people as part of a wider restructure under chief executive officer Nuno…
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Business
Business
India RBI to meet bond market this week
India’s central bank will meet bond market participants, including banks and primary dealers, later this week for their suggestions on…
Business
China’s Baosteel in discussions on steel investments from Asia to Africa
Beijing is also facing anti-dumping duties from a number of countries as they seek to keep out cheaper Chinese supplies after domestic use…
Business
Sembcorp wins bid to build 86MWp floating solar farm on Pandan Reservoir
Sembcorp Industries, through its wholly-owned subsidiary Sembcorp Solar Singapore, has won a bid by the Public Utilities Board to build a…
Business
Sembcorp wins bid to build 86 MWp floating solar farm on Pandan Reservoir
Sembcorp Industries, through its wholly owned subsidiary Sembcorp Solar Singapore, has won a bid by the Public Utilities Board to build a…
Business
Samsung, SK Hynix sag after US revokes China chip gear permits
Samsung Electronics and SK Hynix shares slid on Monday (Sep 1) after the Trump administration decided to make it harder for the world’s…
Business
Xpeng, smaller EV makers kick sales goals in China as BYD stalls
As BYD weathers a rough patch atop China’s market for new-energy vehicles, other, smaller players are surpassing their sales goals by…
Business
Asia: Alibaba soars but markets dip
ESE ecommerce giant Alibaba boosted the Hang Seng on Monday, but other Asian markets mostly fell back after Wall Street retreated from…
Business
Alibaba shares soar most since 2022 after making headway in AI
Alibaba Group Holding’s stock leapt more than 18 per cent after reporting a surge in revenue from artificial intelligence (AI),…
Business
China banks pressured by rising loan losses, low margins
China’s mega banks are under pressure from rising allowances for loan losses and a continued margin erosion in their mission to support…
Business
Gold climbs to more than four-month high on US rate-cut bets
Gold prices rose to a more than four-month high on Monday (Sep 1), as increased expectations of a US Federal Reserve interest rate cut…
Business
Yangzijiang Shipbuilding soars 6.5% on the back of new orders worth US$920 million
Shares of Yangzijiang Shipbuilding soared 6.5 per cent shortly after market open on Monday (Sep 1) on the back of its announcement it has…
Business
Cathay Cineplexes ceases operations as talks with creditors fall through
Struggling cinema chain Cathay Cineplexes has ceased operations as of Monday (Sep 1), shortly after its voluntary liquidation was…
Business
Spirit Airlines bankruptcy tees up painful cuts in survival bid
Spirit Aviation Holdings’ second bankruptcy filing in a year signals that the low-cost carrier is finally facing up to the painful steps…
Business
Stocks to watch: CapitaLand Ascendas Reit, GuocoLand, Oxley Holdings, Bromat Holdings
The following companies saw new developments that may affect trading of their securities on Monday (Sep 1): CapitaLand Ascendas Reit…
Business
Stocks to watch: CapitaLand Ascendas Reit, GuocoLand, Oxley Holdings, mm2 Asia, Bromat Holdings
The following companies saw new developments that may affect trading of their securities on Monday (Sep 1): CapitaLand Ascendas Reit…
Business
Stocks to watch: CapitaLand Ascendas Reit, GuocoLand, Oxley Holdings, mm2 Asia
The following companies saw new developments that may affect trading of their securities on Monday (Sep 1): CapitaLand Ascendas Reit…
Business
Oxley Holdings H2 loss narrows to S$8.3 million on higher revenue
Its loss per share stood (LPS) at S$0.002, against a LPS of S$0.0224 in H2 of FY2024 Property developer Oxley Holdings on Friday (Aug 29)…
Business
GuocoLand unit divests Johor Bahru hotel for RM150 million
The group is expected to enjoy a net gain of about RM35 million upon completion of the sale Property developer GuocoLand is selling a…
Business
GuocoLand unit divests Thistle Johor Bahru hotel for RM150 million
The group is expected to enjoy a net gain of about RM35 million upon completion of the sale Property developer GuocoLand is selling the…
Business
BYD profit drop may be worrying sign of things to come
The fallout is becoming impossible to ignore in the fierce battle among Chinese carmakers. With BYD reporting a staggering 30 per cent…
Business
Indonesia, Thai market outlooks buffeted by political risk
Intensifying protests in Indonesia and the latest leadership upheaval in Thailand are ratcheting up political risk in the two largest…
Business
Indonesia, Thailand market outlooks buffeted by political risk
Intensifying protests in Indonesia and the latest leadership upheaval in Thailand are ratcheting up political risk in the two largest…
Business
Mitsubishi Heavy to double gas turbine capacity as demand soars
Mitsubishi Heavy Industries aims to double its gas turbine capacity in the next two years as demand for the equipment rises globally due…