Business
Hong Kong to speed up development of border tech hub, John Lee says
Absent bold new measures, the city’s housing market is likely to remain under pressure, with home values hovering near their lowest since…
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Business
Business
EU business lobby head says China rare earths snag persists
EUROPEAN firms still face challenges in securing access to crucial rare earths from China, a business lobby warned on Wednesday, despite a…
Business
China lifts exit ban on Wells Fargo banker amid US trade talks
The Asian nation’s use of exit bans has been a point of contention between Beijing and Washington China has released a Wells Fargo banker…
Business
Indonesia sovereign wealth fund INA targets data centres, AI in healthcare, renewables
The Indonesia Investment Authority (INA) is prioritising digital infrastructure, healthcare and renewables as the sovereign wealth fund…
Business
Asia: Stocks swing as traders bide time ahead of US rate decision
ASIAN stock markets were mixed on Wednesday as investors bided their time ahead of an expected US interest rate cut later in the day.…
Business
Skylink opens at S$0.245 following reverse takeover by Sincap
The homegrown commercial vehicle specialist was injected into the Catalist counter in a S$42 million deal Skylink Holdings made its debut…
Business
China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers
China on Wednesday called the framework deal reached in Madrid to switch short-video app TikTok to US-controlled ownership a “win-win” and…
Business
Asian industries lift energy transition spending as demand grows
Asia expects to see power demand skyrocket in the coming years thanks to energy-intensive industries and growing populations in some…
Business
Micro-Trenching and the Quiet Revolution in Broadband Access
Here is a paradox of modern living: a nation as wealthy and technologically advanced as the United States, tens of millions of people…
Business
Gold steadies near record high as investors await Fed verdict
The US central bank is expected to deliver a quarter-percentage-point interest rate cut later in the day to support the labour market Gold…
Business
Carro raises US$60 million to capture Japanese used car demand in Asia Pacific
The company says it expects overall demand for used cars and plug-in hybrid electric vehicles from Japan to grow South-east Asia’s largest…
Business
Carro raises US$60 million to tap Asia-Pacific demand for used Japanese cars; Cool Japan Fund leads funding
The company says it expects overall demand for used cars and plug-in hybrid electric vehicles from Japan to grow South-east Asia’s largest…
Business
Jio BlackRock sees India mutual fund industry tripling by 2032
Asia’s richest man is seeking to reshape India’s financial services industry by leveraging his vast telecom and retail empire BlackRock’s…
Business
Keppel inks partnership with Dell on data centre, AI platform investments in Asia
The collaboration will see data centres in Asia-Pacific incorporating Keppel’s green technologies and renewable energy capabilities Asset…
Business
Nissan to shut design studios in US and Brazil and downsize London, Japan operations
The Japanese automaker says that the restructuring, which will be completed by the end of fiscal 2025, is aimed at streamlining its design…
Business
Stocks to watch: Keppel, ComfortDelGro, ASL Marine
The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 17): Source link
Business
Asia’s record stock rally may unravel as tariffs bite, funds say
The current levies include 34% on China, 50% on India, 19% on Indonesia and 15% on Japan The record-breaking rally in Asian stocks is set…
Business
China’s Chery Automobile seeks up to HK$9.1 billion in Hong Kong IPO
Chery Automobile is seeking to raise as much as HK$9.1 billion (S$1.5 billion) in a Hong Kong initial public offering (IPO), kicking off…
Business
Microsoft pledges to invest US$30 billion in UK as Trump visits
Britain ranks among the top countries for private AI investments over the past decade Microsoft announced on Tuesday (Sep 16) a US$30…
Business
Nestle ushers in new leadership era as chairman exits early
Nestle chairman Paul Bulcke will step down early and hand over to former Inditex chief Pablo Isla on Oct 1, accelerating a changing of the…
Business
Morgan Stanley CIO favours 60/20/20 portfolio strategy with gold as inflation hedge
A 60/20/20 portfolio strategy that includes 20 per cent gold is a more resilient inflation hedge at a time when US equities are offering…
Business
Binance nears deal to escape compliance monitor imposed by DOJ
The Justice Department has not made a final decision on the monitorship, which has a three-year duration Binance Holdings, the world’s…
Business
Europe: Stoxx 600 hits one-week low as banks, insurers slide ahead of Fed decision
EUROPEAN shares fell more than 1 per cent at close on Tuesday, weighed down by rate-sensitive sectors, as investors turned cautious in the…
Business
World must spend US$540 billion a year looking for oil and gas: IEA
The world needs to spend some US$540 billion a year looking for oil and gas to maintain current output by 2050 as the pace of declines in…