BMW rules out investing in new Northvolt funding round
BMW is unwilling to invest more in Northvolt, the cash-strapped battery maker that’s seeking fresh funds to stabilise its finances, according to a source familiar with the matter. The…
Swedan Margen
I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.
Microsoft to make 4.3 billion euros AI, cloud investment in Italy
MICROSOFT plans to invest 4.3 billion euros (S$6.1 billion) over the next two years to strengthen its artificial intelligence (AI) and cloud infrastructure in northern Italy, it said on…
Toyota boosts investment in air taxi maker Joby Aviation
TOYOTA Motor is boosting its investment in air taxi manufacturer Joby Aviation by US$500 million to support plans for commercial production, bringing its total investment in the company to…
Starbucks new CEO wastes no time in overhauling executive ranks
STARBUCKS’ new chief executive officer Brian Niccol is wasting no time rearranging the company’s top ranks, undoing some leadership changes his predecessor had implemented only six months…
GIC agrees to buy 25% stake in EQT-backed waste company Reworld
The waste solutions provider serves municipal, residential, commercial and industrial customers in North America SINGAPORE’S sovereign wealth fund GIC has agreed to acquire a 25 per cent…
US dollar holds gains as war widens in Middle East, rallies against yen
THE US dollar held on to its biggest gains in a week on Wednesday (Oct 2) after an Iranian missile attack on Israel drove the buying of safe haven assets as investors fretted about the…
Japan’s US$4 trillion ‘carry trade’ begins to slowly unwind
JAPAN’S investors are starting to lose their decades-long infatuation with overseas assets. In the first eight months of the year, Japanese investors snapped up a net 28 trillion yen…
BlackRock chases private credit deals in record India market
BLACKROCK, the world’s largest asset manager, is hunting for Indian direct lending opportunities in a broadening array of sectors from agriculture to hospitality as the nation’s booming…
UK's JD Sports shrugs off Nike woes with multi-brand approach
Other labels such as Adidas, On and Hoka are helping the company outperform the market, chief executive says BRITISH sportswear retailer JD Sports Fashion is confident it will meet annual…
Hong Kong equities soar on China stimulus; property, financial stocks lead rally
CHINESE property and financial companies led rally in Hong Kong stocks on Wednesday (Oct 2), as Beijing’s stimulus measures and easier home purchase rules continued to buoy sentiment. The…
S$67 billion: That’s the value of gold, silver in Singapore’s Fort Knox when fully stored
Storage facilities are enjoying a gold rush as the rich turn to physical bullions amid geopolitical turmoil DEMAND for special storage facilities for precious metals is on the rise in…
Dyson, Shein, Ninja Van layoffs: What rights do workers have when the axe falls?
A SURPRISE move on Oct 1 by consumer electronics giant Dyson to retrench staff has put the topic of layoffs in the spotlight again. A union the Singapore-headquartered company signed a…
BOJ’s Ueda says unstable markets, global uncertainty cause for vigilance
JAPAN’S central bank must be vigilant to fallout from unstable markets and global uncertainties, Bank of Japan governor Kazuo Ueda said on Wednesday (Oct 2), sharpening the focus on the…
Shopee-linked jet, social media posts: Unpacking the controversies around Jokowi’s family
Allegations snowball amid concerns of dynasty-building, with the spotlight on Shopee – a Singapore firm – and its Indonesian investments In just a few weeks, Joko Widodo will conclude his…
Private jet use, social media posts: Unpacking the controversies around Jokowi’s family
Allegations snowball amid concerns of dynasty-building, with the spotlight on Singapore firm Shopee and its Indonesian investments In just a few weeks, Joko Widodo will conclude his…
Hedge funds pile into China looking for any way to gain exposure
HEDGE funds are piling into Chinese stocks at a record pace on bets Beijing’s stimulus blitz will speed up the recovery of the nation’s struggling economy. US-based Mount Lucas Management…
Chinese kitchenware maker Carote surges at debut in Hong Kong
CHINESE kitchenware firm Carote rose 64 per cent at its listing debut in Hong Kong on Wednesday (Oct 2), reinforcing perceptions that the city’s once anaemic initial public offering (IPO)…
IMDA to probe MyRepublic for potential regulatory breaches after broadband outage
Telecom operators must provide adequate redundancy, backups and diversity arrangements within their networks, says the authority THE Infocomm Media Development Authority (IMDA) will…
Singapore shares open lower on Wednesday; STI down 0.1%
SINGAPORE stocks began Wednesday (Oct 2) trading in negative territory, mirroring overnight losses in global markets. As at 9.01 am, the Straits Times Index (STI) dropped 0.1 per cent or…
LME to approve Hong Kong for warehousing by end-2024: sources
THE London Metal Exchange (LME) is set to approve the expansion of its global metals warehousing network into Hong Kong before the end of this year, three sources with knowledge of the…
Stocks to watch: Sembcorp, OUE, Oxley
THE following companies saw new developments that may affect trading of their securities on Wednesday (Oct 2): Source link
Barclays expects new dealmakers to take 18 months to ramp up
BARCLAYS said it expects a raft of senior dealmakers its hired in recent months to become more productive in the coming year, which executives hope will help them boost returns at the…
Tesla sales perk up after China boosts electric vehicle subsidy
TESLA is expected to post its first quarterly sales increase this year after car buyers in China, the world’s largest electric vehicle (EV) market, seized on a sweetened government…
Bitcoin wobbles in poor start to token’s best month historically
BITCOIN speculators banking on a seasonal October melt-up faced an early reality check as deepening tension in the Middle East drove a bout of caution across global markets. The digital…