Posts by Nathan Pine
Haier sells 49% stake in Indian unit to Bharti, Warburg Pincus
[MUMBAI] Chinese home appliance maker Haier Smart Home agreed to sell a 49 per cent stake in its India unit to Bharti Enterprises and Warburg Pincus. Haier will retain a 49 per cent stake and the rest will be owned by its management team in India, the companies said in a joint statement Wednesday (Dec…
Read MoreZelensky makes major concession to end Ukraine war
Ukrainian President Volodymyr Zelensky said he would be willing to withdraw his forces from the Donbas and establish a demilitarized, free economic zone if Russia did the same, a significant concession by Kyiv on a territory that it has hitherto said it would not relinquish any control of. Ukraine still controls a portion of the…
Read MoreLG Energy Solution unit to sell US$2.86 billion US factory assets to Honda
This excludes land and equipment, and is meant to ‘improve joint venture operational efficiency’ [SEOUL] South Korea’s LG Energy Solution (LGES) said on Wednesday (Dec 24) that its unit is selling a factory building and assets to Honda Development and Manufacturing of America. It is valued at US$2.86 billion, and located in the US state…
Read MorePluribus’ Rhea Seehorn Reacts to Those Alien Theories
Warning: This article contains spoilers for Pluribus season one. Pluribus just went nuclear. In the season one finale of the AppleTV+ series, Rhea Seehorn‘s character Carol Sturka, aka “the most miserable person on earth,” was ready to raise the stakes against the Others after discovering that her time living free of the hive mind virus might be limited. Meanwhile,…
Read MoreGrab rides to cost 30 cents more from Jan 1 with platform fee hike
[SINGAPORE] Singapore’s largest ride-hailing firm Grab will be increasing its platform fee by 30 cents come Jan 1, 2026. Passengers will then pay S$1.20, up from the current 90 cents, the firm said in an e-mail announcement on Wednesday (Dec 24). The hike in “platform and partner fees” will support upcoming updates to drivers’ CPF…
Read MoreRetail investors to have more sway over Wall Street after record year
In 2025, retail traders shift to ETFs tracking equity indexes, crypto, and commodities [NEW YORK] Retail inflows into US stocks are set to hit a record in 2025, as individual investors become a major force behind a rally that is likely to extend into the next year on hopes of interest rate cuts, analysts said.…
Read MoreJapan’s Eneos leads bids for Chevron’s Singapore oil refinery stake
[SINGAPORE] Japan’s Eneos Holdings is ahead of rival bidders for US heavyweight Chevron’s stake in a Singapore oil refinery, according to people familiar with the matter. Other suitors for the 50 per cent stake in Singapore Refining Company include commodity giants Glencore and Vitol Group, the people said, asking not to be identified as they…
Read MoreS Korea pension fund initiates new round of strategic FX hedging to support won
The won sharply reverses course on the news to rally as much as 1.6% to 1,458.0 per dollar [SEOUL] South Korea’s national pension fund has initiated a new round of strategic foreign exchange hedging operations on Wednesday (Dec 24), two sources familiar with the matter told Reuters, sending the won to its highest level against…
Read MoreSouth Korea pension fund initiates new round of strategic FX hedging to support won
The won sharply reversed course on the news to rally as much as 1.6% to 1,458.0 per dollar [SEOUL] South Korea’s national pension fund has initiated a new round of strategic foreign exchange hedging operations on Wednesday (Dec 24), two sources familiar with the matter told Reuters, sending the won to its highest level against…
Read More‘The Super Mario Galaxy Movie’s Jack Black Teases Video Gamers “Will Be Very Pleased” With Film Adaptation
Jack Black is returning to voice Bowser for The Super Mario Galaxy Movie and is teasing the upcoming film. Although he couldn’t say much about the new animated movie, the Orange County actor said video gamers who’ve played Super Mario Galaxy will enjoy the adaptation. “I am a sworn to secrecy, but there’s tons of…
Read MoreTylor Chase Reunites With Ned’s Declassified Costar Daniel Curtis Lee Amid Homelessness
Ned’s Declassified’s Devon Werkheiser Speaks Out as Costar Tylor Chase Faces Homelessness Tylor Chase is finding support from a familiar face. The Ned’s Declassified School Survival Guide alum reunited with his former costar Daniel Curtis Lee, who reached out after seeing a heartbreaking video of Tylor experiencing homelessness in California. “I just wanted to give…
Read MoreAustralian dollar climbs to highest since Oct 2024 on RBA bets
[CANBERRA] The Australian dollar climbed to its strongest in more than a year after traders ratchet expectations the Reserve Bank will quickly shift to raising interest rates early next year. The Aussie rose 0.2 per cent to 67.13 US cents, the highest since October 2024. The move extends its gain to 1.5 per cent this…
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