News
IndiGo faces India antitrust scrutiny after mass flight cancellations
Disruptions highlight risks of the 90% IndiGo-Air India duopoly in India’s air market[NEW DELHI] India’s competition regulator said on Thursday (Dec 18) it was reviewing allegations of antitrust violations...
Why fintech firm Bilt is funding its own original series ‘Roomies’
At the Angelika Film Center in New York earlier this month, 115 people gathered around the theater’s big screen. But it wasn’t to watch a Hollywood film. They came...
BlueSG disposes old EVs ahead of relaunch in 2026
The LTA blocks the transfer of Bluecars to Tribecar due to EV Sharing Scheme restrictions[SINGAPORE] Ahead of its planned relaunch in 2026, car-sharing service BlueSG has disposed of its...
India insurance move opens pension firms to 100% foreign holding
The move comes amid a surge in foreign investment in Indian banks and deeper reliance on Indian tech hubs[NEW DELHI] India’s move to lift investment caps on the insurance...
Elliott takes over US$1 billion stake in Lululemon: source
[VANCOUVER] Activist investor Elliott Management has amassed a stake of more than US$1 billion in Lululemon Athletica and is lining up a potential CEO candidate as it pushes to...
Thai central bank proposes controls on gold trade, ready to cut rates further
[BANGKOK] The Thai central bank is calling on the finance ministry to control gold trading after a surge in transactions helped drive up the value of the baht, its...
Trump says next Fed chair will believe in lower interest rates ‘by a lot’
[WASHINGTON] US President Donald Trump said on Wednesday the next chairman of the US Federal Reserve will be someone who believes in lower interest rates “by a lot.”“I’ll soon...
OCBC users hit by short-lived mobile and online log-in error; bank says issue resolved
[SINGAPORE] OCBC digital users are now able to access mobile and online banking services, following a short-lived outage on Thursday (Dec 18) morning.About 1,000 outage reports were lodged on...
Asian markets track Wall Street lower as AI fears mount
ASIAN markets sank on Thursday after another sell-off on Wall Street as worries over the tech sector’s colossal spending on artificial intelligence continued to dog investor sentiment.Hopes for an...
Chip shortage lingers as Honda to halt output in Japan, China
HONDA Motor will halt production at plants in Japan and China in coming weeks, highlighting the lingering fallout of the global chip shortage.The Japanese carmaker will suspend output in...
