Tesla China shipments slip 5% in october after bumper quarter
TESLA’s Shanghai factory deliveries slipped in October, the unexpected softness coming after a record quarter for China shipments at Elon Musk’s carmaker. The US electric vehicle maker…
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Fashion
Singapore stocks edge up on eve of US elections following regional trend; STI rises 0.5%
THE Straits Times Index (STI) edged up on Monday (Nov 4) by 0.5 per cent or 16.61 points to end at 3,572.04. Across the broader market, advancers outnumbered decliners 262 to 247, after…
South Korean refiners’ losses deepen in Q3, margins set to improve in Q4
SOUTH Korean refiners reported on Monday (Nov 4) sharp losses in the third quarter from oil refining, but expect their margins to recover in the fourth quarter with peak winter demand and…
Anglo-American to sell stake in Australian steelmaking coal mines for US$1.1 billion
UK-based Anglo-American said on Monday (Nov 4) that it will sell its minority stake in a joint venture that owns a 70 per cent interest in the Jellinbah East and Lake Vermont steelmaking…
Foxconn subsidiary seeks US$80 million Vietnam investment for integrated circuits
TAIWANESE giant Foxconn’s subsidiary Shunsin is seeking a permit to invest US$80 million in northern Vietnam to produce integrated circuits, according to a document from Vietnam’s…
Police search PwC Sydney office amid tax scandal investigation
POLICE combed through PwC Australia’s Sydney office on Monday (Nov 4) as part of an ongoing investigation into the firm’s tax scandal. Chief executive Kevin Burrowes warned partners to…
China’s Nio plans to sell its first hybrid car overseas only: sources
CHINESE electric vehicle (EV) maker Nio is planning to launch its first hybrid model in 2026 and will only sell it in overseas markets, including the Middle East, North Africa and Europe,…
India to revamp power demand forecasting for better planning
INDIA is overhauling the way it forecasts electricity demand to ensure generation capacity matches what’s needed and the grid remains stable with increasing volumes of clean energy. The…
Hot stock: Genting Singapore shares rise nearly 2% after RWS casino chief steps down
The announcement comes months after MacDonald said he was issued a persona non grata notice, which banned him from Marina Bay Sands’ premises SHARES of Genting Singapore were heavily…
Gold steadies as investors brace for US election and potential rate cuts
GOLD prices held steady on Monday (Nov 4), as investors prepared for a crucial week for the global economy, marked by the US presidential election and the likelihood of further interest…
Oil prices jump over 1% on delayed Opec+ output hike
OIL prices rose by more than US$1 in early trading on Monday (Nov 4) after Opec+ said on Sunday it would delay a planned December output hike by one-month due to soft demand and rising…
SPH Media cuts 10% of tech employees in restructuring move in bid to stay sustainable
THIRTY-FOUR or 10 per cent of SPH Media’s employees in its tech division across teams and ranks will be cut as the group aims to remain competitive and sustainable amid the changing media…
China urges France to get EU to arrive at palatable EV trade solution
CHINA has urged France to take on “an active role” to push the European Commission towards a solution acceptable to both the European and Chinese electric vehicle (EV) industries,…
Stocks to watch: Genting Singapore, City Developments, Keppel Reit, Oxley
THE following companies saw new developments that may affect trading of their securities on Monday (Nov 4): Genting Singapore: Resorts World Sentosa (RWS) chief casino operator Andrew…
Chinese solar firms, ever-nimble, go further afield where US tariffs don’t reach
SOME of the biggest Chinese-owned solar factories in Vietnam are cutting production and laying off workers, spurred on by the expansion of United States trade tariffs targeting it and…
RBA set to hold key rate to counter sticky prices, global risks
AUSTRALIA’S central bank is poised to keep interest rates at a 13-year high, marking a year of unchanged policy as it grapples with a slow pace of disinflation and mounting global risks…
Buffett keeps cutting Apple stake, with value down 60% this year
BERKSHIRE Hathaway’s continued sales of Apple shares in the third quarter left the conglomerate’s stake at a fraction of its size at the start of the year. Berkshire cut its holdings in…
Asean gains in the near term amid US-China tensions, but beware of escalations: MAS’ Chia Der Jiun
A key risk is a rapid increase in protectionist policies, which will negatively impact global growth and inflation tariffs, the managing director warns THE South-east Asia region has…
Value-unlocking moves will enliven market more than any new SDRs, Catalist listings
New Singapore Depository Receipts may get a warm reception while latest Catalist listings get a cold shoulder; but Hongkong Land’s pivot could matter most LOCAL investors are gaining…
Iran Student Strips to Underwear and Bra in Protest Against Hijab Laws Before Being Brutally Assaulted and Arrested
A young female student was arrested in Iran on Sunday after she stripped down to her underwear and walked around campus in what appeared to be a protest after she was assaulted for not…
'SNL' Accused of Copying Trump's 2015 Skit with Jimmy Fallon for Kamala Harris' Surprise Appearance on the Show Just Days Before the Election
"Saturday Night Live" is facing accusations of copying a skit that former President Donald Trump performed with Jimmy Fallon on the "Tonight Show" in 2015, by using a similar concept for…
Greenback rebounds against most major units after weak jobs data; traders eye US election
THE US dollar rose against the euro and rebounded against most major currencies on Friday (Nov 1) after traders digested data showing US job growth slowed sharply in October amid…
Manchester United vs Chelsea Live Streaming: How to Watch the Premier League Match Online in the US, UK and India
Football fanatics can look forward to an exciting match as Manchester United takes on Chelsea at Old Trafford on Sunday, November 3, in a major Premier League showdown. United recently…
Jeff Bezos Sells $3 Billion in Amazon Shares, Becomes World's Second Richest Person as Net Worth Soars to $222 Billion
Amazon founder Jeff Bezos has sold over $3 billion in Amazon shares this week, according to a regulatory filing disclosed on Friday. This brings his total Amazon stock sales for 2024 to…