VinFast plans US plant in 2028 as it seeks equity backers
The automaker expects to open another assembly plant in Indonesia’s West Java by October VinFast Auto expects to open its delayed North Carolina plant in 2028 while the Vietnamese electric…
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Fashion
India’s RBI cut US debt, bought gold even before Trump’s tariffs
Central banks have been boosting gold purchases to reduce their risks to the US dollar as global growth becomes more uncertain India’s central bank steadily reduced its purchases of US…
GIC, SoftBank are said to weigh selling stake in fintech VNLife
The Vietnamese fintech firm has a presence in Vietnam, Singapore, Myanmar and Cambodia GIC and SoftBank Vision Fund are considering selling their stakes in Vietnamese fintech firm VNLife,…
China derivatives fuel 36% surge in SGX trading volume to 31.8 billion units in August
Value traded up 17% to S$33 billion; SGX cites global institutions tapping into China-access derivatives to manage risk across multiple asset classes Singapore Exchange (SGX) reported that…
Corona, Budweiser to be exclusively distributed by GS Holdings subsidiary ODN in Singapore
Corona and Budweiser beers will be exclusively distributed by GS Holdings’ wholly owned subsidiary Octopus Distribution Networks (ODN) in Singapore, except in the duty free market. GS…
SGX-listed GS Holdings subsidiary to distribute Corona, Budweiser in Singapore
AB InBev’s Corona and Budweiser rank first and second in Most Valuable Global Brands report; Singapore beer market hit US$9.3 billion in 2024 Corona and Budweiser beers will be exclusively…
Australia’s sovereign wealth fund tops A$252 billion, reduces US portfolio
Australia’s sovereign wealth fund, the Future Fund, said on Tuesday (Sep 9) that its valuation had reached A$252 billion (S$213.2 billion) as it pared back its US market exposure to boost…
Potential IPO of UK company could boost Thakral’s financial position
Project Glow Topco is considering an IPO on the main market of the London Stock Exchange Thakral Corporation is hoping to benefit from the proposed London listing of a UK-based company in…
Ant digital arm puts 60 billion yuan energy assets on its blockchain
The firm has so far completed financing for three clean energy projects using this approach, raising about 300 million yuan in total for the companies that operate them A unit of Ant Group…
Intel announces key executive shake-up, says products chief Holthaus will exit
Intel announced a series of top executive changes on Monday (Sep 8), including the departure of products chief Michelle Johnston Holthaus, at a time when CEO Tan Lip-Bu intensifies efforts…
Ex-WhatsApp executive sues Meta over alleged security failures
A FORMER top security executive at WhatsApp filed a federal lawsuit on Monday alleging that parent company Meta systematically violated cybersecurity regulations and retaliated against him…
US: Nasdaq ends at record as markets eye interest rate relief
The Nasdaq finished at a fresh record on Monday as major equity indices advanced in hopes that benign US inflation data will lead to Federal Reserve interest rate relief. “Investors are…
Rivian lays off hundreds of employees ahead of the end of EV tax credits
Rivian has laid off about 200 employees as the electric vehicle maker prepares for a U.S. economy with fewer incentives to go green. The electric truck and sport-utility vehicle…
China's PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and Hungary, the People’s Bank of China (PBOC) said on…
Nasdaq makes push to launch trading of tokenized securities
If approved, the move would mark the first instance of tokenized securities being allowed to trade on a major US stock exchange Nasdaq is working with US regulators to introduce trading of…
US: Wall St opens higher as Fed rate cut expectations firm
Wall Street’s main indexes opened higher on Monday (Sep 8), rebounding from the previous session’s decline, amid hopes that the Federal Reserve could lower borrowing costs soon in response…
Thailand vows to curb baht swings as currency hits 4-year high
Thailand’s central bank vowed to take steps to ease baht volatility and limit the influence of gold prices after the local currency rallied to a four-year high. The baht rallied to its…
Aoxin Q&M’s ex-CEO accused of taking 15 million yuan via improper loans, sham share deals
The audit committee has ‘reasonable evidence’ that four whistleblower reports received by the board are credible The audit committee of Aoxim Q&M Dental has found “reasonable evidence”…
Singapore stocks end flat amid regional rally amid US rate cut expectations
Local stocks ended flat on Monday (Sep 8) while Asian markets rallied amid expectations that the US will cut rates in September, given a weak jobs report. The benchmark Straits Times Index…
London’s commuters face travel chaos as tube strike hits hard
All fleet staff walk out on Monday, causing chaos for the UK capital’s commuters Londoners face severe travel disruption as a seven-day strike by workers on the city’s underground…
Cosco Shipping Holdings and Orient Overseas (International) could be hit by over US$2.1 billion in US port fees: HSBC
This could erode 74% and 65% of consensus Ebit margin forecast for FY2026 for Cosco Shipping Holdings and Orient Overseas (International), respectively Chinese lines Cosco Shipping…
ECB set to hold rates steady with eye on France crisis
The European Central bank (ECB) is expected to hold interest rates steady again this week with inflation under control and US tariff tensions easing, even as France’s political crisis…
Still ‘more things to be done’ to reap synergies across OCBC: deputy CEO Tan Teck Long
OCBC’s incoming chief executive wants to continue building on the bank’s cross-selling and integration strategy. “We are an integrated financial services group, so there will be synergies…
Competition watchdog launches public consultation on TPG’s proposed privatisation of Econ Healthcare
The Competition and Consumer Commission of Singapore is inviting feedback from Monday to Sep 19, 5 pm The country’s competition watchdog is seeking public feedback on the proposed…