Culture
Australian pension funds to expand use of forex hedging as size grows
[SYDNEY] Australian pension funds will have to expand the use of foreign exchange hedging as the sector is likely to grow in size to become the second-largest globally with...
Metro soars 6% on news of strategy revamp
The stock hit a two-year high in intraday trade after a BT report on the retailer’s plans to launch new retail concepts [SINGAPORE] Shares of department store retailer Metro...
Japan’s Nikkei hits record close for fourth day on chip gains ahead of Fed decision
[TOKYO] Japan’s Nikkei share average closed at a record high for a fourth consecutive session on Tuesday (Sep 16), as investors scooped up chip-related stocks ahead of the US...
Hong Kong equity deals boom as Chinese firms rush to market
Initial public offerings, secondary share sales and equity-linked transactions are all poised for a boom period[HONG KONG] Hong Kong bankers have ended the summer lull with a bang, closing...
Australia says social media ban will not age test all users
AUSTRALIA will not require social media giants to verify the ages of all users under its ban on under-16s using the platforms, Canberra said on Tuesday.But platforms like Facebook,...
ComfortDelGro, RATP consortium pre-qualifies for Copenhagen Metro bid
[SINGAPORE] KBH Metro Partner, a consortium formed by ComfortDelGro (CDG) and RATP Dev, has been officially pre-qualified to bid for the upcoming operations and maintenance contract for the Copenhagen...
Hesai jumps in Hong Kong debut after HK$4.2 billion listing
The company plans to use the proceeds to help lower the manufacturing costs of lidar systems[HONG KONG] Hesai Group, the world’s largest maker of lidar sensors used in cars,...
Asia: Markets rise as traders prepare for expected US rate cut
ASIAN stocks rose again on Tuesday to extend another record day on Wall Street as traders locked in bets on a US interest rate cut this week, while they...
Trump administration orders Delta, Aeromexico to end joint venture by Jan 1
[WASHINGTON] The Trump administration said late on Monday it was ordering Delta Air Lines and Aeromexico to unwind a joint venture by Jan 1 that let the carriers coordinate...
Jack Ma returns with a vengeance to ‘Make Alibaba Great Again’
[BEIJING] During China’s years-long crackdown on the tech sector, Alibaba Group Holding’s internal messaging boards lit up with dreams to “MAGA” – Make Alibaba Great Again. Now, the company...
