Volkswagen squares off with union over German plant closures
VOLKSWAGEN and unions start negotiations over wide-ranging cost cuts on Wednesday (Sep 25), with tensions between both sides higher than they have been in years. The talks centre on the…
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Investors face ‘pain trade’ amid China stimulus: Barclays
INVESTORS who have snubbed stocks tied to Chinese growth may face a “pain trade” after the world’s second-biggest economy unleashed a new stimulus package and the Federal Reserves cut…
New World mulls replacing CEO Adrian Cheng
NEW World Development, the Hong Kong property developer owned by the billionaire Cheng family, is considering replacing third-generation scion Adrian Cheng as chief executive officer after…
Nomura faces fine for Japan government bond market manipulation
NOMURA Holdings faces a 21.8 million yen (S$194,514) fine for allegedly manipulating the Japanese government bond futures market, a setback for the nation’s biggest brokerage during a…
Baht rises to strongest since March 2022 amid exporters worries
The baht gained to its strongest level in 30 months as China’s stimulus boosted risk assets globally, adding pressure on the Bank of Thailand to act to curb its rally. The currency rose as…
AI model is better at pricing currencies than humans: ING
ING Groep is starting to use artificial intelligence to price currencies, replacing a job traditionally performed manually by the bank’s traders. The Dutch lender’s new AI model employs…
Chinese EV maker Nio slams ‘unreasonable’ US, EU tariffs
NIO founder William Li hit out at the European Union and the US, saying that their moves to level tariffs on electric cars are unreasonable and urged them to cooperate with, rather than…
Saudi Aramco sets price guidance for dollar sukuk bonds, term sheet shows
SAUDI Aramco has set the initial price guidance for 5- and 10-year dollar sukuk bonds, according to a term sheet reviewed by Reuters on Wednesday. The mainly state-owned oil company is…
Gold stays near record high on Middle East risks, softer US dollar
GOLD prices were steady near record highs on Wednesday (Sep 25), as a weaker US dollar and an escalated conflict in the Middle East lifted bullion’s safe-haven appeal, while investors…
21 Singapore companies on inaugural list of Asean’s 30 top tech start-ups
SINGAPORE-BASED companies have made a strong showing in an inaugural list of Asean’s 30 top tech start-ups, accounting for 21 of them. The NextGen Tech 30 list, released on Sept 24 by tech…
ADB says AI investments to drive developing Asia growth
SURGING global investments in artificial intelligence and easing inflation give developing Asia a launch pad for sustained economic growth in 2024 and 2025, the Asian Development Bank said…
Microsoft to spend US$1.3 billion in Mexico on cloud, AI tech
TECH giant Microsoft will invest US$1.3 billion over the next three years to build up its infrastructure in Mexico for cloud computing and artificial intelligence (AI), the company…
RBC bankers fear layoffs as pledge to keep HSBC staff nears end: sources
SOME Royal Bank of Canada (RBC) employees who joined when the bank acquired HSBC Canada worry they could lose their jobs when RBC’s six-month guarantee to keep them expires this month,…
EU-China EV talks to continue even if bloc approves tariffs
THE European Union and China will continue negotiations to find an alternative solution to tariffs even if member states vote in the coming days to impose levies on electric vehicles…
Opec boosts long-term oil demand outlook, driven by developing world growth
OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by India, Africa and the Middle East and a slower shift to electric…
US: Stocks end at records despite tepid consumer data
THE Dow and S&P 500 edged to fresh records on Tuesday as investors shrugged off lackluster consumer data while welcoming aggressive stimulus measures announced by China. The Conference…
Powering the future with green bonds
AS THE world confronts the urgent challenge of climate change, the financial sector has become a key player in steering the global shift towards a low-carbon economy. Green bonds and other…
Offeror says Silverlake Axis privatisation bid is final with no price increase
E2I says its offer is an opportunity for shareholders who may find it difficult to exit due to low trading liquidity THE voluntary unconditional offer from a group led by Silverlake Axis…
Mark Hamill, Jane Fonda, J.J. Abrams urge Gov. Newsom to sign AI safety bill
More than 125 Hollywood actors, directors, producers, music artists and entertainment industry leaders have added their names to a letter released Tuesday urging Gov. Gavin Newsom to sign…
TikTok to shut down its music streaming business in November
TIKTOK plans to discontinue its music service in November, ending a years-long experiment to compete with Spotify Technology and Apple. TikTok Music will go offline on Nov 28 and customer…
UBS CEO says Asia business still key amid ‘less linear’ growth
UBS Group is reiterating its commitment to the Asia-Pacific region and particularly to China, as the bank still sees it as a key driver for growth, according to chief executive officer…
Toyota raises buyback to 1.2 trillion yen, citing share levels
TOYOTA Motor bumped up the size of its share buyback to 1.2 trillion yen (S$11 billion) as the world’s largest carmaker enjoys strong demand in Japan and Europe. The Japanese automaker…
TotalEnergies seals LNG supply deal with South Korea's Hyundai Chemical
The fuel will go to one of Hyundai Chemical’s industrial sites in South Korea, and will be indexed to Brent crude prices, as well as the US natural gas benchmark price FRENCH oil major…
Most Gen Zs and millennials aim to retire early: survey
YOUNGER Singaporeans aim to retire early, with nearly three-quarters of millennials and Gen Zs aiming to stop working before they turn 60, indicated a report by Etiqa Insurance released on…