Culture
Volvo takes US$1.2 billion charge over tariffs and EV model delays
[ad_1] Volvo is also struggling to attract EV buyers in the highly competitive Chinese marketPublished Tue, Jul 15, 2025 · 04:46 PM[STOCKHOLM] Volvo Car is taking a one-time non-cash impairment...
Chinese investors’ FX pile hits US$1 trillion amid low local rates
[ad_1] [BEIJING] Chinese corporates and households boosted their foreign-currency deposits last month to the highest in three years, as they shunned the renminbi on bets domestic interest rates will remain...
Ericsson’s Q2 profit beats expectations, says North America growth was good
[ad_1] Operating profit excluding restructuring charges was 7.0 billion crowns against a year-earlier loss of 11.9 billionPublished Tue, Jul 15, 2025 · 03:06 PM[STOCKHOLM] Swedish telecom equipment maker Ericsson reported...
RTX launches new Collins Aerospace facility with flexible manufacturing system in Singapore
[ad_1] [SINGAPORE] Defence conglomerate RTX launched its new Collins Aerospace facility at Seletar Aerospace Park on Tuesday (Jul 15). This marks the beginning of construction at the aerospace park, part...
Indonesia looking at levy on coal exports to boost state coffers
[ad_1] Prabowo Subianto’s administration has been rolling out an array of revenue-boosting measures to fund the president’s big-ticket spending plansPublished Tue, Jul 15, 2025 · 12:03 PM[JAKARTA] Indonesia, the world’s...
Thailand to pick rate-cut advocate Vitai Ratanakorn as central bank chief
[ad_1] Thailand is poised to name veteran banker Vitai Ratanakorn as the next governor of the central bank, sources familiar said, selecting an advocate of aggressive interest rate cuts to...
Despite tariffs, it’s still America first for Asia’s legacy automakers
[ad_1] [SEOUL/TOKYO] Toyota and Hyundai Motor may have a beef with US protectionism, but they have one thing in common with US President Donald Trump: when it comes to global...
China’s quant funds boost US recruiting after Trump’s visa curbs
[ad_1] [BEIJING] Chinese quantitative hedge funds are stepping up efforts to hire science and engineering students in the US affected by US President Donald Trump’s university funding cuts and tighter...
China Medical System shares surge 11% with its secondary listing on SGX
[ad_1] [SINGAPORE] Shares of China Medical System (CMS) jumped 6 per cent at the market open with its secondary listing made on the mainboard of the Singapore Exchange (SGX) on...
Global EV sales jump 24% in June though North American market struggles: research firm
[ad_1] GLOBAL sales of electric and plug-in hybrid vehicles jumped 24 per cent in June from a year ago, as a switch to electric vehicles maintained momentum in China and...
