Culture
Japan’s trading houses brace for more pain from China steel glut
The industrial metal is trading significantly above the US$9,900 per tonne that Marubeni is forecasting as its average for the next six months[TOKYO] Japan’s major trading houses are facing...
SoftBank said to have weighed potential takeover of Marvell
The Japanese conglomerate’s push into the space has gone beyond pure mergers and acquisitions.[NEW YORK] SoftBank Group explored a potential takeover of US chipmaker Marvell Technology earlier this year,...
Asia: Markets bounce from selloff as US jobs beat forecasts
ASIAN markets rose on Thursday to claw back some of the previous day’s hefty losses as investors tracked a bounce on Wall Street sparked by jobs data that soothed...
Nissan sells Yokohama headquarters for 97 billion yen as part of restructuring
[TOKYO] Nissan Motor said on Thursday it has concluded a 97 billion yen (S$840 million) trust beneficiary rights transfer agreement to sell and leaseback its global headquarters in Yokohama,...
Lendlease Reit raises S$280 million in private placement
[SINGAPORE] The manager of Lendlease Global Commercial Real Estate Investment Trust (Reit) on Thursday (Nov 6) announced the successful completion of a private placement of around S$280 million, up...
Trump administration orders 10% of flights cut at major US airports due to shutdown
[WASHINGTON] US Transportation Secretary Sean Duffy said on Wednesday that he would order 10 per cent of flights at 40 major US airports to be cut starting on Friday...
Eyes turn to space to feed power-hungry data centres
TECH firms are floating the idea of building data centres in space and tapping into the sun’s energy to meet out-of-this-world power demands in a fierce artificial intelligence race.US...
Rolex, partners group take Swiss tariff plea direct to Trump
[ZURICH] Some of Switzerland’s most high-profile business executives attended an Oval Office meeting that prompted US President Donald Trump to endorse additional trade negotiations, as Bern seeks to lower...
Trafigura floods LME Malaysia warehouses with aluminium: sources
LME aluminium stocks at Port Klang jump nearly 100,000 tonnes on Oct 30 to 366,850 tonnes[LONDON] Trafigura delivered large quantities of aluminium to London Metal Exchange (LME) approved warehouses...
EV maker Seres steps out of Huawei’s shadow with Hong Kong listing debut
[HONG KONG] For years, Seres Group leaned on Chinese technology champion Huawei Technologies to transform an assembler of cheap minivans into the maker of the country’s top-selling luxury vehicle....
