Business
Nissan receives 17,000 N7 orders in the first month
Dongfeng Nissan Passenger Vehicle Company Ltd (Dongfeng Nissan), one of Nissan Motor’s vehicle manufacturing joint ventures in China,…
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Business
Business
Banks want staff back at the office. There aren’t enough desks
Five years after the Covid pandemic fuelled an unprecedented boom in remote work, bank executives have become ever more vocal in their…
Business
Xiaohongshu joins wave of Chinese firms releasing open-source AI models
Xiaohongshu, also known as Rednote, one of the country’s most popular social media platforms, has released an open-source large language…
Business
Hong Kong to maintain US dollar peg despite geopolitical tensions
Hong Kong will maintain its currency peg to the US dollar, the financial hub’s leader said in an interview published on Monday (Jun 9),…
Business
Bank of England risks repeat of Brexit pessimism as growth signals diverge
Bank of England (BOE) rate-setters risk underestimating the strength of the UK economy by placing too much faith in downbeat business…
Business
Atome to get US$75 million from Lending Ark as credit demand grows
As traditional credit markets in the US and Europe falter, private credit investors are turning their attention to emerging markets, drawn…
Business
Nomura to shut branch in China as it scales back wealth business
The company’s brokerage subsidiary plans to shut its branch in Zhejiang province by the end of the year Nomura Holdings is closing one of…
Business
Oil prices hold gains ahead of US-China trade talks
Inflation data from China on Monday morning will give a reading of domestic demand in the world’s largest crude importer Oil prices held…
Business
MoneyHero expands into digital assets in partnership with OSL
This is to satisfy Hong Kong’s growing interest in digital assets and increasing demand for diversified financial solutions MoneyHero…
Business
Income Insurance chairman Ronald Ong to retire from role after seven years at helm
Income Insurance chairman Ronald Ong will retire from his role after seven years at the helm, the company announced on Monday (Jun 9). The…
Business
Asia: Markets rally ahead of latest China-US trade talks
Stocks rallied on Monday (Jun 9) on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the…
Business
‘Most unloved bonds’ turn routine US auction into crucial test
Global investor pushback against long-term government debt is turning what normally would be a routine US bond auction into one of the…
Business
Gold falls on strong US jobs data and improved trade outlook
Gold prices fell on Monday (Jun 9) as a stronger-than-expected US jobs report cooled expectations of interest rate cuts from the Federal…
Business
CapitaLand Investment expands fund with Japan asset acquisition at 30 billion yen
CapitaLand Investment (CLI) on Monday (Jun 9) announced that it secured additional capital commitments from new and existing institutional…
Business
Revisions confirm Japan GDP contraction, backing Bank of Japan caution
Most economists expect the central bank to delay further rate hikes, with a majority anticipating no change in coming months Japan’s…
Business
Japan confirms GDP contraction, backing Bank of Japan’s cautious stance
Japan’s economy contracted in the first quarter, a revised estimate confirmed on Monday (Jun 9), weakness that supports the Bank of…
Business
China says it may speed up rare earths application approvals from EU
China is willing to accelerate the examination and approval of rare earth exports to European Union firms and will also deliver a verdict…
Business
‘Very clever’; ‘lost confidence’: Shareholders react to OCBC’s latest exit offer for Great Eastern
OCBC on Friday (Jun 6) made a conditional exit offer at S$30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in…
Business
BYD unleashes an EV industry reckoning that alarms Beijing
The price war engulfing China’s electric vehicle (EV) industry has sent share prices tumbling and prompted an unusual level of…
Business
Stocks to watch: OCBC, CapitaLand Investment, Sasseur Reit, Thakral
The following companies saw new developments that may affect trading of their securities on Monday (Jun 9). OCBC: The bank has made a…
Business
Private assets giant Brookfield expects alternative investments to replace public markets in 25 years
Bruce Flatt, the billionaire chief executive officer of Toronto-based Brookfield, is understandably bullish on the prospects of…
Business
Geely chairman says global auto industry faces ‘serious overcapacity’
Chinese automakers that have been building plants abroad include BYD, Chery Auto and Great Wall Motor Geely’s chairman and founder Li…
Business
US, China to resume trade talks with focus on rare earth exports
Top trade negotiators from the US and China are set to hold fresh talks in London on Monday (Jun 9), offering a glimmer of hope that the…
Business
Demand for AI-related talents increasing globally across sectors
It has been an active market for global roles in the area of artificial intelligence (AI), with several top-level appointments being…