Culture
China floods the world with gasoline cars it can’t sell at home
China’s gasoline-vehicle exports alone – not including EVs and plug-in hybrids – made it the world’s largest auto-exporting nation by volume in 2024[WARSAW] China’s electric-vehicle (EV) industry captured half its...
Paramount hikes Warner Bros breakup fee to US$5 billion
[LOS ANGELES] Paramount Skydance more than doubled the proposed breakup fee in its offer to acquire Warner Bros Discovery to US$5 billion, according to sources familiar with the company’s...
Race for talent is on as bankers brace for IPO boom in Vietnam
[HANOI] Vietnam’s potential upgrade to emerging-market status by FTSE Russell in September has investment banks bulking up staff in anticipation of a flood of initial public offerings (IPOs).Brokerage VnDirect...
Gold holds steady after weak US jobs data reinforce rate-cut bets
[BENGALURU] Gold prices held steady above the US$4,200 mark on Thursday (Dec 4), buoyed by weak private payrolls data that reinforced expectations of a US interest rate cut at...
M&A boom fuels record decline in Japan’s listed companies
The country is mirroring the decline in listings in developed markets that has been going on for decades[TOKYO] Japan has nearly as many listed companies as the US, with...
Goldman, BlackRock rush to fill wealth-advice void in Australia
As governments everywhere struggle with ageing populations and ballooning deficits, the country’s superannuation system stands out as a model – with a warning[MELBOURNE] On one of Larry Fink’s frequent...
Nvidia’s Huang unsure whether China would accept its H200 chips
Allowing H200 sales to the Asian nation would mark a significant win for the world’s most valuable company[NEW YORK] Nvidia chief executive officer Jensen Huang said that he’s unsure...
Singapore’s SGX mulls bid for Cboe Australia, AFR reports
Australia’s financial regulator is working closely with the parent company to find a suitable buyer[SYDNEY] Singapore’s stock exchange is considering buying Cboe Global Markets’ Australian unit, the Australian Financial...
TikTok to invest more than 200 billion reais in Brazil data centre
[NEW YORK] ByteDance’s TikTok will invest more than 200 billion reais (S$49 billion) to build a data centre in Brazil, marking its first project in Latin America.TikTok will partner...
Federal Reserve ends three-year loss streak from Covid-era monetary policy
The Fed’s deferred asset reflects losses that must be covered before it can resume payments to Treasury[WASHINGTON] The Federal Reserve appears to have finally turned the corner on a...
