Culture
HSBC loses court challenge against 31.7 million euro EU cartel fine
HSBC on Wednesday (Nov 27) lost its challenge against a 31.7 million euro (S$44.8 million) EU cartel fine after Europe’s second top court sided with EU regulators in the...
Sanofi boosts preparedness with S$800 million Singapore plant
Modulus can also be reconfigured within a few days to transform between technological platforms, a process which traditionally takes months or yearsSANOFI added a new plant in Singapore to...
OpenAI allows employees to sell US$1.5 billion stock to SoftBank: sources
CHATGPT-owner OpenAI is allowing its employees to sell roughly US$1.5 billion worth of shares in a new tender offer to Japan’s SoftBank Group, two sources familiar with the matter...
Indonesia’s biggest taxi firm bets BYD plant to cut EV prices
Blue Bird aims for electric vehicles to account for 3% of its fleet by next year and to gradually increase the number to 20% by 2030INDONESIA’S largest taxi operator...
Euro’s bruising leaves global investors on edge
AS THE euro heads for its worst month since early 2022, analysts warn that a wild ride in the currency could be the next source of global market volatility...
Leaked BYD letter signals China EV price war is set to intensify
BYD has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle (EV) maker is preparing for the brutal price war in the world’s...
Hot stock: SingPost climbs 4.5% after talks of potential divestment of Australian business
Its Australia segment includes fourth-party logistics services, third-party logistics solutions and last-mile courier deliveryShares of Singapore Post (SingPost) were heavily traded on Wednesday (Nov 27) following “exclusive talks” of...
Financial institutions, companies in Singapore have enough buffer to weather shocks: MAS
COMPANIES and financial institutions in Singapore have enough buffers to manage shocks to their incomes and financing costs as their strong balance sheets can help them cope with higher...
RBNZ flags another big cut after second half-point move
NEW Zealand’s central bank chief suggested a further large cut in interest rates would be delivered early next year if the economy evolves as expected, after easing policy by...
Hello Kitty stock sinks most since 2014 on share sale plan
SANRIO shares tumbled the most since May 2014 after the brand owner of Hello Kitty said holders including its president will sell shares in the open market.The Tokyo-based company...
