Culture
US: Wall Street indexes end up as investors weigh inflation data
Investors are also bracing for a potential government shutdown, which could disrupt data releases and add uncertainty to the markets[NEW YORK] US stocks ended higher on Friday (Sep 26)...
Europe: Shares recover from three-week lows, but weekly momentum fizzles
Traders now expect about 39 basis points of cuts by December, a slight pullback from earlier bets of over 40 bps, according to LSEG data[BENGALURU] European stocks clawed their...
Lufthansa to cut thousands of jobs in pursuit of efficiency
The airline group intends to reduce its administrative staff by 20% in the coming years[FRANKFURT] Lufthansa is expected to announce several thousand job cuts on Monday (Sep 29) at...
ByteDance to get about 50% of TikTok US profit under Trump deal: sources
[WASHINGTON] TikTok’s Chinese parent company will likely get about half of the profit from the platform’s US operation even after it sells majority ownership to American investors as part...
Miniso to spin off Top Toy, list it in Hong Kong
The spinoff and subsequent listing would increase Top Toy’s operational and financial transparency[HONG KONG] Miniso said on Friday (Sep 26) it will spinoff its brand Top Toy and list...
US: Wall Street opens higher after inflation data calms rate-cut jitters
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Sep 26), after the latest inflation data came in line with expectations, easing concerns that persistent price pressures could...
Wilmar maintains profit expectations; CEO scoops up S$2.7 million of shares as stock falls
[SINGAPORE] Despite a verdict from the Indonesian Supreme Court requiring Wilmar International to pay five billion rupiah (S$387,047) worth of fines and a compensation of 11.9 trillion rupiah on...
China’s central bank pledges to step up policy support for growth
[BEIJING] China’s central bank said on Friday (Sep 26) it will step up monetary policy adjustments and strengthen coordination between monetary and fiscal policies to support economic growth amid...
Sasseur Reit manager’s CFO Xie Jianfeng resigns
[SINGAPORE] The manager of Sasseur Reit said on Friday (Sep 26) that its chief financial officer (CFO), Xie Jianfeng, has resigned.Xie had been CFO since Dec 1, 2021. The...
China tightens EV export rules with permits required from 2026
The move aims to promote the “healthy development” of the country’s EV industry[BEIJING] China’s automakers will need permits to export electric vehicles from next year, adding to signs officials...
