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Importers will receive a refund on the difference between the rates paid since September. [BEIJING/MADRID] China on Tuesday (Dec 16) sharply reduced tariffs on European Union pork imports…
China’s markets shed the “uninvestable” tag this year. To bury it for good, investors say an acceleration in the domestic economy is needed so the bullishness does not fizzle out. The…
CHINA will have another major chip debut on Wednesday (Dec 17), eagerly watched by stock-market investors after the stellar gains by its peer Moore Threads Technology earlier this month.…
The total volume of deals targeting Indian companies has climbed 15% this year to almost US$90 billion Japanese companies are expanding in India, making it one of the busiest corridors for…
Wall Street’s main indexes slipped at the open on Tuesday (Dec 16) after data broadly signalled a cooling US economy, paving the way for more monetary policy easing by the Federal Reserve…
Pfizer has rolled out a sweeping cost reduction programme in response to the drop in Covid-19 sales Pfizer on Tuesday (Dec 16) forecast 2026 profit below Wall Street estimates as it…
Blue Ocean Shipping will be headquartered in Kobe and is expected to begin operations in the first half of 2026 A subsidiary of container shipping group Samudera Shipping – Samudera Japan…
Amazon.com’s decision earlier this year to axe 14,000 employees around the globe is reverberating at the company’s European headquarters in Luxembourg. In the coming weeks, Amazon is…
It will be the union’s most significant climb-down from its green policies of the past five years [STRASBOURG, France] The European Commission is set to backtrack on the European Union’s…
The world’s biggest in-flight caterer Gategroup Holding has selected banks for an initial public offering, which could take place as soon as the second half of next year, people familiar…
The sector’s rapid growth alarms regulators over weak transparency and risks spilling into broader financial markets The non-bank financial sector’s share of global assets grew to 51 per…
Hanzawa, 60, who is currently the head of the main banking unit, will succeed Hironori Kamezawa on Apr 1 Junichi Hanzawa, the next chief executive officer of Mitsubishi UFJ Financial Group…
Nick Reiner had earlier spoken about his troubled past, once admitting that he lost his virginity to a sex worker and paid for the encounter with money he had stolen from his parents, Rob…
Thailand’s central bank has taken action to tackle the appreciation of the baht, governor Vitai Ratanakorn said on Tuesday (Dec 16). It is worried about the currency’s rapid rise and is…
The Indian rupee slipped to an all-time low for the fourth consecutive session on Tuesday, pressured by dollar bids spurred by the likely maturity of positions in the non-deliverable…
The new records follow DBS’ appointment by the Chinese central bank to be the first local bank to serve as a yuan clearing lender Shares of two local banks, DBS and OCBC, hit all-time…
ASIAN markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data, while sentiment remains subdued by worries over a…
The move comes even as the company is set to lay off 10 to 15% of its Singapore workforce by end-2027 A new facility set up by oil giant ExxonMobil on Jurong Island shows that innovation…
The firm’s revenue growth has flatlined in the last five years, leading to a reset after rapid hiring over the prior decade As McKinsey partners gathered in the consulting giant’s…
The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 16): Singapore Airlines (SIA): The national carrier recorded passenger traffic of…
Bjak, Malaysia’s largest online insurance aggregator, is mulling an initial public offering (IPO) within the next two years as it seeks to enter Europe. Bjak is eyeing new markets in Spain…
The company is the biggest player in the orbital launch industry with its Falcon 9 rockets Elon Musk’s wealth has reached a new high, topping US$600 billion for the first time on the back…
The talent shortage is especially pronounced in specialised and regulated sectors such as finance and cybersecurity Technical proficiency in programming and Web development – once the…
General Motors (GM) has cut a deal with Apple to bring the Apple Music app into Chevrolet and Cadillac models starting on Monday (Dec 15), when the automaker will send it to vehicle owners…
