Wall Street subdued at open ahead of Fed interest rate verdict

Wall Street subdued at open ahead of Fed interest rate verdict

[NEW YORK] Wall Street’s main stock indexes opened little changed on Wednesday (Dec 10), ahead of a Federal Reserve monetary policy decision that is widely expected to deliver an interest rate cut, while investors remain wary of hawkish commentary on the path of future easing. The Dow Jones Industrial Average rose 13.7 points, or 0.03…

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Wingtech seeks to restore Nexperia control as chip feud lingers

Wingtech seeks to restore Nexperia control as chip feud lingers

Despite political progress, Nexperia’s Dutch HQ and its Chinese operations are locked in an internal feud [BEIJING] Wingtech Technology has invited court-appointed custodians of Nexperia to discussions in a bid to regain control of the Dutch chipmaker and resolve an impasse that has threatened supplies of critical components for automakers. The outreach from the Chinese…

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ComfortDelGro and Pony.ai get green light to test self-driving shuttles on public roads in Punggol

ComfortDelGro and Pony.ai get green light to test self-driving shuttles on public roads in Punggol

[SINGAPORE] The Land Transport Authority (LTA) of Singapore has given its approval to transport operator ComfortDelGro and its autonomous vehicle (AV) partner Pony.ai to begin testing their AV shuttles in residential district Punggol. ComfortDelGro told The Business Times on Wednesday (Dec 10) that the Centre of Testing & Research of Autonomous Vehicles – NTU (Cetran)…

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3 Keppel subsidiaries put up for voluntary liquidation

3 Keppel subsidiaries put up for voluntary liquidation

The wholly owned units are Keppel Enterprise FinHub, Keppel Enterprise Services, and Keppel People Services [SINGAPORE] Asset manager Keppel said on Wednesday (Dec 10) that three of its wholly owned subsidiaries – Keppel Enterprise FinHub, Keppel Enterprise Services, and Keppel People Services – have been placed under members’ voluntary liquidation. The Business Times has reached…

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