Culture
GIC, SoftBank are said to weigh selling stake in fintech VNLife
The Vietnamese fintech firm has a presence in Vietnam, Singapore, Myanmar and Cambodia GIC and SoftBank Vision Fund are considering…
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Culture
Culture
China derivatives fuel 36% surge in SGX trading volume to 31.8 billion units in August
Value traded up 17% at S$33.6 billion; bourse operator cites global institutions tapping China-access derivatives to manage risk across…
Culture
Indonesian markets face sell-off after finance minister’s exit
The rupiah has already weakened more than 1% against the US dollar this year, the worst-performing currency in Asia after the Indian rupee…
Culture
Ant digital arm puts 60 billion yuan energy assets on its blockchain
The firm has so far completed financing for three clean energy projects using this approach, raising about 300 million yuan in total for…
Culture
US electric vehicle uptake to hit the brakes on Trump policies
Automakers have curtailed multi-billion-dollar bets on the technology that they made earlier this decade Already sluggish adoption of…
Culture
Microsoft signs Nebius cloud deal worth up to US$19.4 billion
The Redmond, Washington-based company is focused on building new data centres and equipping them with expensive servers and networking…
Culture
ANZ bank plans to cut 3,500 employees within the next year
ANZ Group Holdings expects 3,500 employees to leave the bank by September 2026, the lender said on Tuesday (Sep 9). ANZ also plans to…
Culture
China's PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and…
Culture
VW unveils affordable EVs to take on Chinese rivals
Volkswagen has made considerable cost savings on the cars by sharing technology across the different models Europe’s top car manufacturer…
Culture
Nasdaq makes push to launch trading of tokenized securities
If approved, the move would mark the first instance of tokenized securities being allowed to trade on a major US stock exchange Nasdaq is…
Culture
US: Wall St opens higher as Fed rate cut expectations firm
Wall Street’s main indexes opened higher on Monday (Sep 8), rebounding from the previous session’s decline, amid hopes that the Federal…
Culture
Thailand vows to curb baht swings as currency hits 4-year high
Thailand’s central bank vowed to take steps to ease baht volatility and limit the influence of gold prices after the local currency…
Culture
Tesla market share in US drops to lowest since 2017 as competition heats up
The falling share reveals the company’s increasingly difficult choice of supporting sales using higher, profit-destroying incentives for…
Culture
Aoxin Q&M’s ex-CEO accused of taking 15 million yuan via improper loans, sham share deals
The audit committee has ‘reasonable evidence’ that four whistleblower reports received by the board are credible The audit committee of…
Culture
US mulls annual China chip supply permits for Samsung, Hynix
The US is proposing annual approvals for exports of chipmaking supplies to Samsung Electronics and SK Hynix’s factories in China, a…
Culture
Singapore stocks end flat amid regional rally amid US rate cut expectations
Local stocks ended flat on Monday (Sep 8) while Asian markets rallied amid expectations that the US will cut rates in September, given a…
Culture
China can’t be counted on to absorb global crude surplus as Opec+ bumps up production: market watchers
Crude could trade at below US$60 a barrel by end-2025 as the world’s largest oil importer slows down stockpiling The crude oil market is…
Culture
China’s e-commerce companies are getting singed by a price war
The bitter battle among China’s major online companies to win the “instant retail” war is expected to further depress their short- to…
Culture
London’s commuters face travel chaos as tube strike hits hard
All fleet staff walk out on Monday, causing chaos for the UK capital’s commuters Londoners face severe travel disruption as a seven-day…
Culture
Cosco Shipping Holdings and Orient Overseas (International) could be hit by over US$2.1 billion in US port fees: HSBC
This could erode 74% and 65% of consensus Ebit margin forecast for FY2026 for Cosco Shipping Holdings and Orient Overseas (International),…
Culture
Alibaba is No 1 for China traders ploughing HK$13.5 billion in stock
Renewed optimism over Alibaba Group Holding’s potential in artificial intelligence has turned the stock into Chinese investors’ favourite…
Culture
Still ‘more things to be done’ to reap synergies across OCBC: deputy CEO Tan Teck Long
OCBC’s incoming chief executive wants to continue building on the bank’s cross-selling and integration strategy. “We are an integrated…
Culture
Competition watchdog seeks public’s views on TPG’s proposed privatisation of Econ Healthcare
The Competition and Consumer Commission of Singapore is inviting feedback from Monday to Sep 19, 5 pm The country’s competition watchdog…
Culture
Russia export slide forcing a rethink at some Chinese carmakers
Russia turned into a lucrative market for Chinese automakers after the invasion of Ukraine, as they rushed in to fill the void left by…