Business
Hands-on financial governance approach pays off for GVT
The Covid-19 pandemic struck soon after Robby Sucipto joined manufacturing services provider Grand Venture Technology (GVT) as chief…
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Business
Business
Tesla grabs top spot in market where almost all new cars are EVs
Tesla accounted for more than a fifth of new car sales in Norway in August, with electric cars as a whole accounting for 97 per cent of…
Business
MetaOptics eyes S$6 million in gross proceeds from IPO, to trade on SGX Catalist on Sep 9
Home-grown semiconductor optics startup MetaOptics intends to raise some S$6 million in gross proceeds from its initial public offering…
Business
Deutsche Bank puts India retail banking business up for sale
Deutsche Bank is exploring the sale of its Indian retail banking assets and has invited bids from domestic and foreign lenders in the…
Business
ComfortDelGro buys rest of CityCab shares for S$116.3 million from ST Engineering unit
Transport giant ComfortDelGro (CDG) acquired on Monday (Sep 1) all of ST Engineering Land Systems’ shares in taxi operator CityCab for a…
Business
Celebrating the Decline of Big Labor | National Review
For the first time, the share of U.S. workers who are union members has fallen below 10 percent. Source link
Business
Yangzijiang Shipbuilding leads gains; STI up 0.2%
The local bourse started the week on a positive note, contrary to cautious sentiments in regional markets. The Straits Times Index (STI)…
Business
India's strong economic growth fails to impress equity investors
India’s world-beating economic growth is failing to translate into gains for equity markets as weakening pricing power and US tariffs…
Business
Tesla cuts price of new Model 3 in China as moment of truth nears for variant strategy
Tesla cut the price of its new, longer-range Model 3 variant by nearly 4 per cent just before deliveries were set to begin, a move set to…
Business
‘Nikko’ cut from new name of US$260 billion Japanese asset manager
Nikko Asset Management is changing its name to Amova Asset Management, removing “Nikko” for the first time since it was founded in 1959 in…
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…
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…