'Incalculable' bill awaits Spain after historic floods
The destruction wreaked by Spain's deadliest floods in a generation in one of the country's economic motors will leave a huge bill for the state and the insurance sector. Last week's…
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China stocks end at 4-week high as Premier expresses confidence in economic recovery
MAINLAND China stocks closed at a four-week high on Tuesday (Nov 5), after Chinese Premier Li Qiang expressed confidence in the country’s economic recovery, while recent data showed signs…
Tyre maker Michelin to close two French plants by 2026
MICHELIN will close two factories in France by early 2026 affecting about 1,200 jobs, the French tyre maker said on Tuesday (Nov 5), the latest cutback in an European auto industry…
Zimbabwe bans police from using mobile phones while on duty
Zimbabwe's government has banned "with immediate effect" police officers from using mobile phones while working. The ban is contained in a memo, ordering police officers to abandon their…
German police arrest 8 suspected members of a far-right militant group
BERLIN (AP) — Police in Germany arrested eight suspected members of a far-right militant organization early Tuesday, Germany's public prosecutor said. The suspects, some of them minors and…
Brokers’ take: Analysts get more bearish on Wilmar, cutting their price targets for the stock
ANALYSTS cut their price targets for Wilmar International on uncertainty in its China business, and after the company reported third-quarter earnings that showed net profit fell. The…
Audi Group profit slumps on China weakness, plant restructuring
VOLKSWAGEN’S Audi-led premium brands barely eked out an operating profit in the third quarter after waning luxury spending in China and a plant restructuring in Brussels dragged on…
Lebanon explosion falsely shared online as Israeli airstrikes in Iran
Screenshot of the false Facebook post, taken on October 29, 2024 NationTV, a Thai media company with over four million Facebook followers, falsely shared the image. Israel is already…
Diesel Demand in India Faces Headwinds as Economy Slows
(Bloomberg) -- The diesel market in India is losing momentum as the economy expands at a slower pace and consumption patterns shift in the world’s third-largest oil importer. Most Read…
China gives Morgan Stanley approval to launch local futures unit
MORGAN Stanley has won final approval to launch a futures business in China via a newly established unit, becoming the second major US entrant in the derivatives market of the world’s…
'Who deng?' Edinburgh Zoo announces birth of baby pygmy hippo named Haggis
Just when you thought Moo Deng was the only celebrity baby pygmy hippopotamus taking the world by storm in 2024, along comes another one. A new baby pygmy hippo in Scotland is following in…
Yen is first of many Japanese assets set to pivot on US election
A VICTORY for Kamala Harris in the US presidential election has the potential to support Japan’s ailing currency while a win for Donald Trump would probably boost the Tokyo stock market…
Stamford Tyres chairman Sam Chong Keen steps down amid board reshuffle
Wife of founder becomes executive chairman, ex-SPH veteran Christopher Tan joins board SAM Chong Keen, chairman of the board of Stamford Tyres has stepped down, with two individuals…
Sun Life profit beats expectation on strength in Canada, US
SUN Life reported a better-than-expected third-quarter profit on Monday (Nov 4) as Canada’s second-largest life insurer benefited from robust growth in its domestic and US businesses. The…
Cautious Asian markets inch higher ahead of high-stakes US election
ASIAN markets edged up slightly on Tuesday (Nov 5) as investors trod cautiously amid heightened volatility in anticipation of the US presidential election. Market sentiment was likely…
Commerzbank looks to free up capital to fend off UniCredit
COMMERZBANK chief executive officer Bettina Orlopp is seeking to unlock more capital to pay out or invest, as she makes the case for an independent bank in the face of a potential takeover…
Recent US economic data points to a concerned Fed opening the door to series of rate cuts
BAD news is good news again. And the worse tidings that US Federal Reserve chairman Jerome Powell can bring about for US economic prospects, the bigger the welcome his message will receive…
China's services activity picks up as conditions improve, Caixin PMI shows
BEIJING (Reuters) - China's services activity expanded at the fastest pace in three months in October, helped by early signs that Beijing's big stimulus push was helping improve business…
Apple to offer extra Indonesia investment to remove iPhone ban
APPLE has proposed investing almost US$10 million to make additional goods in Indonesia, according to sources familiar with the matter, as it seeks to have the country’s ban on sales of…
Stocks to watch: SIA, CapitaLand Investment, NetLink NBN Trust, Aims Apac Reit, Dyna-Mac
THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 5): Singapore Airlines (SIA), SIA Engineering Company (SIAEC): Singapore’s national…
Nigerian children who collapsed in court released
Nigeria's president has ordered the immediate release of a group of young people accused of treason, after footage of some of them collapsing in court sparked outrage. The 27 teenagers -…
Crypto firms including Robinhood, Kraken launch global stablecoin network
A CONSORTIUM of financial technology and cryptocurrency companies including Robinhood, Kraken and Galaxy Digital on Monday (Nov 4) introduced a joint stablecoin pegged to the US dollar.…
South Korea inflation weakest in almost 4 years, sets stage for more rate cuts
SEOUL (Reuters) - South Korea's October headline inflation slowed further to the weakest level in almost four years, data showed on Tuesday, strengthening the case for more interest rate…
Angry crowds throw mud and shout insults at Spanish king as he tours flood damage
Anger and frustration erupted in Spain on Sunday as King Felipe VI arrived in the town of Paiporta to survey the damage from historic flash floods that killed more than 200 people on…