Hyundai says battery plant delayed after immigration raid
The operation has cast doubt over billions of US dollars of South Korean companies’ future investment in the US Construction on a Hyundai Motor-LG battery plant in Georgia that was raided…
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Microsoft, OpenAI reach non-binding deal to allow OpenAI to restructure
MICROSOFT and OpenAI said on Thursday they have signed a non-binding deal for new terms of their relationship that would allow OpenAI to move forward with its plan to restructure itself…
Oil prices slide 2% on worries about global oversupply, US demand
Oil prices slid on Thursday, settling about 2 per cent lower as concerns over possible softening of US demand and broad oversupply offset threats to output from the conflict in the Middle…
IReit Global’s German subsidiaries served with payment order by former tenant
The dispute stems from a dilapidation cost agreement made with the former main tenant of its Berlin Campus Subsidiaries of IReit Global have been served with a payment order filed by…
US: Wall St opens higher after inflation data keeps rate cut bets firm
Wall Street’s main indexes opened slightly higher on Thursday (Sep 11) after the latest inflation reading kept the US central bank on track to deliver an interest rate cut later this…
ECB holds rates unchanged, offers no clues about next move
The ECB halved its key rate to 2% in the year to June but has been on hold ever since The European Central Bank left interest rates unchanged on Thursday (Sep 11) as expected but offered…
Oracle marches toward US$1 trillion club; tech stocks cheer
The stock’s gains also put co-founder Larry Ellison on course to beat Elon Musk as the world’s richest man Oracle’s shares rose on Thursday (Sep 11), adding to a record run in the previous…
TalkMed to delist from SGX on Sep 15
Healthcare provider TalkMed announced on Thursday (Sep 11) that it will be delisted from the Singapore Exchange from 9 am on Sep 15. This follows confirmation from TW Troy Limited, a…
Chinese carmakers may keep price advantage despite Mexico levies
Mexico’s plan to levy tariffs of up to 50 per cent on vehicles from China may not unduly impact the Asian nation’s auto manufacturers whose inherently lower production costs mean their…
Saudi oil giant Aramco raises US$3 billion from Islamic bonds
Saudi Aramco, the world’s biggest oil company, raised US$3 billion from a sale of Islamic bonds, a term sheet showed on Thursday (Sep 11), as investors appeared unperturbed by an Israeli…
South Korea scraps plan to expand tax on stock investments
South Korean President Lee Jae-myung said on Thursday (Sep 11) he would not pursue plan to revise a capital gains tax on stock investments, conceding that the move risked undermining the…
Veteran banker sees Malaysia’s BNM keeping rates unchanged
A veteran banker who led a Malaysian lender to record profit says that the South-east Asian country can hold off on further cutting borrowing costs as current levels are sufficient to…
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2024/25 on robust growth and higher consumption
Corporate tax takings rise 6.7% to S$30.9 billion and remain the largest contributor The Inland Revenue Authority of Singapore (Iras) collected S$88.9 billion in tax revenue for the…
Centurion Accommodation Reit to offer 262 million units at S$0.88 apiece in mainboard listing
Mainboard-listed Centurion Corp is spinning off several of its worker accommodation properties into a Singapore-listed real estate investment trust, or S-Reit. In its initial public…
Australia’s multi-billion dollar energy link to Asia will focus on local data centres for now
The development is one of the most ambitious global efforts to supply power-hungry Asian economies that lack the land to generate enough clean energy The US$24 billion renewable energy…
Disney Adventure postpones maiden Singapore cruise to March 2026 due to shipbuilding delays
Disney Cruise Line’s (DCL) first Asia cruise, Disney Adventure, will not be bringing its magic to Singapore’s shores by December as originally planned. The ship’s maiden voyage will be…
Top Japan start-up Sakana AI touts nature-inspired tech
WHEN David Ha started an AI company in Japan with his former Google colleague, they had a choice: create another huge, energy-intensive tool like ChatGPT, or go their own way. Since its…
Toyota to manufacture EV SUVs at US Kentucky plant
The next-generation version of the ES sedan will be manufactured in Japan, as the company announced in 2021 Toyota Motor will start making two battery-powered sport utility vehicles (SUVs…
Indonesian yield curve steepest since early 2023 on fiscal fears
Longer-dated rupiah bonds are also vulnerable to moves in US Treasuries due to the heavier concentration of global investors in those notes The gap between yields of Indonesia’s short- and…
DBS’ continued run-up leaves peers OCBC, UOB in the dust
Shares of South-east Asia’s biggest banking group are more than 20% up in the year to date Source link
China’s US$4.5 trillion flows mark tipping point in market opening
A world-beating stock market rally has led the recent surge in two-way financial flows, which surged to an unprecedented US$4.5 trillion in the first seven months of the year “Made in…
Stocks to watch: Nio, UOL, Centurion, CLCT, Sing Holdings, Del Monte Pacific, mm2 Asia
The following companies saw new developments that may affect trading of their securities on Thursday (Sep 11): Nio: The Chinese electric vehicle maker plans to raise about US$1 billion…
Mexico plans 50% tariff on Chinese cars before US, Canada talks
General Motors, Ford Motor and Stellantis, which owns the Chrysler, Jeep and Ram brands, ship their own China-made cars to the country and other parts of Latin America Mexico plans to…
Will CNMC Goldmine continue to shine?
There are sharply divergent views on the direction of gold prices; meanwhile, gold mining stocks are now performing better than the precious yellow metal Back in April, as global markets…