Culture
Beijing warns carmakers as price war escalates
CHINESE regulators summoned executives from major new-energy vehicle (NEV) makers this week, demanding an end to excessive competition just as a fresh round of price cuts was set to...
China warns of ‘penalties’ against carmakers for price war
Other than slashing prices, some automakers have offered incentives such as interest-free loans to entice buyers[HONG KONG] Chinese regulators warned of “severe penalties” against automakers after they started a...
Japan’s Katayama says all options open on yen, including joint action with US
[TOKYO] Japanese Finance Minister Satsuki Katayama said on Friday Tokyo would not rule out any options to counter excessive foreign exchange volatility, including coordinated intervention with the US, as...
Trump moves to make tech giants pay for surging power costs
The grid operator serves more than 67 million people from the Mid-Atlantic to the Midwest[WASHINGTON] US President Donald Trump and the governors of several US Northeastern states agreed to...
Mandarin Oriental to delist from SGX on Jan 20 following privatisation
[SINGAPORE] Mandarin Oriental will be delisted from the Singapore Exchange (SGX) on Jan 20, 2026, the luxury hotel group announced on Friday (Jan 16). The voluntary delisting follows the...
Some in Bank of Japan see scope to raise rates sooner than markets expect, sources say
[TOKYO] Some Bank of Japan policymakers see scope to raise interest rates sooner than markets expect with April a distinct possibility, as a sliding yen risks adding to already...
Ford in talks to use BYD batteries for overseas factories
[DETROIT] Ford Motor is in talks with China’s BYD about potentially supplying batteries for hybrid vehicles to the American automaker’s overseas factories, according to sources familiar with the negotiations.BYD,...
Changi Airport doubles supplemental China flights to 600 ahead of CNY travel surge
[SINGAPORE] Six airlines in Changi Airport will be offering over 600 supplementary flights to as many as 15 Chinese cities to cater to an anticipated increase in travel demand...
Gold slips as upbeat US data boosts dollar, dims rate-cut bets
A firmer US dollar makes greenback-priced metals more expensive for overseas buyers[BENGALURU] Prices of gold and silver extended their losses on Friday (Jan 16) after a stronger-than-expected US economic...
US firms regain optimism on China after Trump-Xi trade truce
[BEIJING] US companies are more upbeat about doing business in China after a trade truce between US President Donald Trump and Chinese leader Xi Jinping, according to a survey...
Asian shares near record high on AI optimism, dollar up on receding Fed cut bets
[SINGAPORE] Asian stocks advanced on Friday as the artificial intelligence boom regained momentum, while the dollar held near a six-week high after upbeat US economic data left traders trimming...
SID launches platform for listcos’ board chairs as Value Unlock programme opens for applications
The SID Chairpersons Guild complements the national effort to strengthen the development of Singapore’s equities market [SINGAPORE] Board chairs of companies listed on the Singapore Exchange (SGX) will now...