News
China floods the world with gasoline cars it can’t sell at home
China’s gasoline-vehicle exports alone – not including EVs and plug-in hybrids – made it the world’s largest auto-exporting nation by volume in 2024[WARSAW] China’s electric-vehicle (EV) industry captured half its...
Paramount hikes Warner Bros breakup fee to US$5 billion
[LOS ANGELES] Paramount Skydance more than doubled the proposed breakup fee in its offer to acquire Warner Bros Discovery to US$5 billion, according to sources familiar with the company’s...
Race for talent is on as bankers brace for IPO boom in Vietnam
[HANOI] Vietnam’s potential upgrade to emerging-market status by FTSE Russell in September has investment banks bulking up staff in anticipation of a flood of initial public offerings (IPOs).Brokerage VnDirect...
M&A boom fuels record decline in Japan’s listed companies
The country is mirroring the decline in listings in developed markets that has been going on for decades[TOKYO] Japan has nearly as many listed companies as the US, with...
Nvidia’s Huang unsure whether China would accept its H200 chips
Allowing H200 sales to the Asian nation would mark a significant win for the world’s most valuable company[NEW YORK] Nvidia chief executive officer Jensen Huang said that he’s unsure...
Concerns of weak prospects at Low Keng Huat belie a history of strong shareholder returns
Over the past 16 years, its shares have delivered a total return higher than that of STI, CDL, Hongkong Land and UOL shares[SINGAPORE] The offeror for Low Keng Huat...
Oil settles slightly higher as Moscow peace talks fail to reach breakthrough
Recent Ukrainian attacks on oil export sites on the Russian Black Sea coast have highlighted the geopolitical concerns stemming from the war[HOUSTON] Oil prices settled higher on Wednesday (Dec...
Indexes close higher as data keeps Fed rate cut expectations elevated
[NEW YORK] US stocks advanced to close higher on Wednesday (Dec 3), as a flurry of economic data kept expectations elevated for an interest rate cut by the Federal...
Federal Reserve ends three-year loss streak from Covid-era monetary policy
The Fed’s deferred asset reflects losses that must be covered before it can resume payments to Treasury[WASHINGTON] The Federal Reserve appears to have finally turned the corner on a...
Anthony Law, PropNex Realty salesperson refute allegations in lawsuit involving 99-1 deal
This is in response to a case filed by a couple over the purchase of a unit at The Gazania[SINGAPORE] Anthony Law Corp, which has been sued by a...
Asian exchanges play key role in providing global investors with diversification: SGX chief
Loh Boon Chye expects product innovation for derivatives to move towards multi-jurisdictional operations[SINGAPORE] The chief executive officer of the Singapore Exchange (SGX) on Wednesday (Dec 3) cited the dual-listing...
