Business
Tesla having a very bad year in the EU
SALES of cars made by Tesla, the company run by Elon Musk, have slumped nearly 40 per cent in the European Union this year, data from the…
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Business
Business
Oil up as market weighs strong US economic growth, supply risks
Oil prices settled higher on Tuesday as investors assessed stronger-than-expected US economic growth and the risk of disruptions to oil…
Business
European shares close at fresh record high as Novo Nordisk drives healthcare boost
EUROPEAN shares closed at a new peak on Tuesday, powered by gains in the healthcare sector, after heavyweight Novo Nordisk clinched US…
Business
US stocks: S&P registers record close as growth stocks advance
US stocks rose on Tuesday and the S&P 500 notched a closing record after a flurry of economic data that included a reading of economic…
Business
ServiceNow agrees to buy cyber startup Armis for US$7.75 billion
The deal aims to deliver a strategic cybersecurity shield for real-time, end-to-end protection for all technology estates ServiceNow has…
Business
Wall Street opens lower as yields rise after GDP data
US stock indexes opened lower on Tuesday (Dec 23) after stronger-than-expected economic data drove Treasury yields higher, weighing on…
Business
India’s RBI to inject 2 trillion rupees via fresh bond buys, US$10 billion in FX swap
This is to offset the cash drain from its US dollar sales in the currency market to support a weakening rupee India’s central bank…
Business
Novo Nordisk shares jump almost 8% after US approves Wegovy pill
The approval gives the drugmaker a first-mover advantage in the race for a potent oral weight-loss medicine [COPENHAGEN/LONDON] Novo…
Business
China’s renminbi climbs to 15-month high, overcoming weak PBOC fixing
On Dec 23, onshore yuan ends at 7.0287 per US dollar, while its offshore counterpart fetches 7.0181 at 4.30pm SGT China’s renminbi climbed…
Business
Paramount’s new offer for Warner Bros is not sufficient, major investor says
The investors now have until Jan 21 to accept or reject the so-called tender offer Paramount Skydance’s latest offer to buy Warner Bros…
Business
Here’s What Happens Now That We’re Going Over the Obamacare Cliff
“I’m choosing to take the bigger hit of the premium increase instead of changing my plan, because the specialists I have, I’ve been…
Business
Chip turmoil will worsen on Nexperia spat: Wingtech chair warns
Ruby Yang adds that as the dispute continues, the damage to global industrial chain, investment confidence and shareholders deepens…
Business
Singapore stocks inch up on inflation forecast; STI gains 0.6%
Local shares closed higher on Tuesday (Dec 23), after the authorities maintained their full-year forecasts for Singapore’s core and…
Business
Mitsui OSK inks financing deal for Singapore LNG terminal with banks including DBS, OCBC
The deal is for a newbuild floating storage and regasification unit that will be operated by Singapore LNG Corporation Mitsui OSK Lines…
Business
Image of Sydney shooter with India defence attache is AI-generated
As Australian police investigated why gunmen accused of carrying out a deadly shooting at Bondi Beach had travelled to the Philippines, an…
Business
Citigroup, Daiwa are latest to expand Japan dealmaking teams
This is due to hostile takeovers no longer being taboo, and private equity and activist investors are more prominent It is a good time to…
Business
Mapletree acquires logistics facility in the Netherlands
Since entering the European logistics market in 2018, the group has amassed 82 logistics assets across eight countries Mapletree…
Business
Mapletree acquires logistics facility in the Netherlands for 32.3 million euros
Since entering the European logistics market in 2018, the group has amassed 82 logistics assets across eight countries Mapletree…
Business
Gold sets 50th daily record this year on rate-cut bets and geopolitical risk
Gold has risen 70% this year, driven by strong central-bank buying and inflows into bullion-backed ETFs Gold rose to an all-time high on…
Business
PIDG, August Energy look to fill gap for ‘patient capital’ in South-east Asian clean energy
Their US$30 million joint venture will focus on Thailand, Vietnam and the Philippines The Private Infrastructure Development Group (PIDG)…
Business
DOJ Releases Fake Video of Jeffrey Epstein Suicide Inside Prison Cell as Part of File Dump Sparking Online Backlash
The Justice Department on Monday shared a disturbing video that appeared to show a recreation of Jeffrey Epstein's suicide inside his…
Business
The ‘Toyification’ of Beauty Is Here to Stay
Beauty companies are taking cues from an unlikely outside industry — toys. As both industries barrel through the all-important holiday…
Business
How Walmart Is Injecting Agility and Innovation Into Its Beauty Business
In a year that has seen its fair share of beauty retailer makeovers, one of the category’s biggest players is getting in on the action:…
Business
Innospace's rocket crashes in first commercial launch in Brazil; shares tumble
Dec 23 (Reuters) - South Korean satellite launch company Innospace on Monday launched the first commercial rocket from Brazil's Alcantara…