Business
Emirates NBD plans to invest US$3 billion in India’s RBL Bank
Emirates NBD bank will invest as much as US$3.1 billion in India’s RBL Bank in the biggest foreign investments in the country’s financial…
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Plans
Business
Chinese tech giants pause stablecoin plans after Beijing steps in
The government raised concerns about the rise of currencies controlled by the private sector, says the Financial Times CHINESE tech…
Business
Goldman Sachs plans more job cuts to boost savings, leverage AI push
Goldman Sachs Group told staffers to expect an additional round of job cuts this year as the bank seeks further savings across its…
Business
GM takes US$1.6 billion charge as it reassesses EV plans
General Motors said on Tuesday (Oct 14) it will take US$1.6 billion in third-quarter charges as it realigns electric-vehicle plans…
Business
Samsung plans bonuses tied to share price in major pay overhaul
The move underscores the firm’s effort to address growing dissatisfaction within the ranks Samsung Electronics is awarding shares and…
Business
Google plans US$15 billion data centre hub in biggest India bet
The Indian state of Andhra Pradesh aims to host 6 gigawatts of data centre capacity by 2029 Alphabet’s Google aims to invest about US$15…
Business
China plans zinc exports as global rally opens window for sales
Cash prices on the London Metal Exchange have surged above futures, signalling a growing shortage in western markets Chinese zinc…
Business
RBNZ plans to ease restrictions on higher-risk housing loans
Relaxation of the restrictions comes as the housing market has languished, with prices dropping to a two-year low in August New Zealand’s…
Business
HSBC plans to take Hang Seng Bank private in US$37 billion deal
The firm, based in London, is known as an anchor of commerce between the Asia-Pacific region and the rest of the world HSBC Holdings is…
Business
HSBC plans to privatise Hang Seng at US$37 billion valuation
The lender plans to refrain from share buybacks in the coming three quarters as it seeks to restore its capital ratio to its operating…
Business
SoftBank’s Graphcore plans £1 billion chip investment in India
The US’s tensions with China have helped the country rise in prominence for global tech companies, but its AI infrastructure is still…
Business
OpenAI lifts another AI laggard with big plans for AMD
OpenAI bestowed its blessings and backing on another tech company Monday, inking a deal with chipmaker Advanced Micro Devices, instantly…
Business
Alphabet plans sale, spinoff of Verily unit, executive says
The Justice Department has asked the judge to force the company to sell its advertising exchange Alphabet has been working for the past…
Business
Oil slumps to 16-week low on US shutdown and possible Opec+ plans
Oil prices slid for a third day in a row to a 16-week low on Wednesday (Oct 1) as a US government shutdown fed worries about the global…
Business
Nissan to reboot Xterra SUV as a hybrid, freezes plans for US EV
The Japanese carmaker is undergoing a massive downsizing effort globally as it tries to regain profitability Nissan Motor will revive its…
Business
Oil slips as Kurdistan crude exports resume, Opec+ plans output hike
Oil prices slipped nearly 1 per cent on Monday after Iraq’s Kurdistan region resumed crude oil exports via Turkey over the weekend and as…
Business
Australia Plans Fines Up To 10% Of Turnover For Crypto Rule Breaches
Australia plans to hit digital asset platforms with penalties of up to 10% of annual turnover if they breach new rules, under draft…
Business
US hedge fund Verdad plans to launch new Japan small-cap fund
A gauge of smaller stocks has outperformed the broader Topix this year with a gain of 19%, compared to 14% for the index Boston-based…
Business
Huawei plans three-year campaign to overtake Nvidia in AI chips
Huawei Technologies openly admits its silicon cannot match Nvidia’s in raw power and speed. So to pack the same punch, China’s national…
Business
Nvidia invests US$5 billion in Intel, plans to co-design chips
Nvidia Corp agreed to invest US$5 billion in Intel and said the two will co-develop chips for PCs and data centres, a surprise move to…
Business
Fed’s rate-cut plans pre-empt a recession, rather than reacting to one
The Federal Reserve’s latest move is a shift from the hold-steady, wait-and-see approach to an aggressive defence of the US labour market…
Business
Richard Li’s FWD plans buyback of US$900 million bond via new debt
The company will use the net proceeds of the five-year and 10-year notes for general corporate purposes, including refinancing the 8.4%…
Business
Chipotle plans Asia debut with stores in Singapore and South Korea
Chipotle Mexican Grill is venturing into Asia for the first time, with plans to open locations in South Korea and Singapore in 2026. It’s…
Business
DoorDash plans to test drone deliveries in San Francisco warehouse
Food delivery app DoorDash is setting its sights on a new destination to test out flying drone deliveries: San Francisco. The tech company…