Fashion
US: Wall Street ends lower on tech valuations, economic jitters
[NEW YORK] US stocks closed in negative territory on Thursday, with a resumption of Tuesday’s tech selloff as investors contended with mounting economic uncertainty and stretched valuations.All three major US equity...
Oil falls as investors weigh potential supply glut, weak demand
[HOUSTON] Oil prices declined on Thursday as investors considered a potential supply glut, as well as weakened demand in the United States, the world’s largest oil consumer. Brent crude futures settled down...
ESPN takes name off betting app and partners with DraftKings
ESPN is shifting its strategy on online sports gambling, ending its partnership with Penn Entertainment.The companies announced Thursday they were terminating an agreement that offered ESPN equity in Penn,...
Nexperia says payment dispute led to supply break with China
The company cannot guarantee the quality or authenticity of its chips delivered from China after Oct 13NEXPERIA suspended supplies to its China factory because the local unit refused to...
Yangzijiang Financial not proceeding with one billion yuan investment in Chinese lithium battery producer
Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure an approval from Ningbo Shanshan’s creditors[SINGAPORE] Yangzijiang Financial said the plans to pump one billion...
Yangzijiang Financial aborts one billion yuan investment in Chinese lithium battery producer
Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure approval from Ningbo Shanshan’s creditors[SINGAPORE] Yangzijiang Financial said the plans to pump one billion yuan...
India in talks to create bigger banks, including via mergers, finance minister says
India has 12 state-owned banks, which together hold assets totalling 171 trillion rupees (S$2.51 trillion) as of March[MUMBAI] India needs more “big banks” and efforts are underway to achieve...
SGX to launch ‘next-gen’ trading engine in second half of 2027
SGX Regulation is seeking public feedback on rule amendments and new functions of the engine from Thursday to Dec 31[SINGAPORE] With investor participation on the rise, the Singapore Exchange...
JPMorgan hit with record 45-million-euro fine from German watchdog over money-laundering lapses
The lender says the fine concerns past issues and that delays in SAR filings did not hinder probes[FRANKFURT] Germany’s financial watchdog BaFin has imposed its largest-ever fine of 45...
UOB’s S$885 million allowance build-up ‘prudent’ despite Q3 profit hit: analysts
[SINGAPORE] UOB’s S$885 million move to shore up its allowances is a “prudent” step that brings its provision ratios in line with those of DBS and OCBC, analysts said,...
Motorway debuts China commercial vehicle brand Qingling Motors; relaunches Ssangyong in Singapore
Qingling Motors’ introduction comes just ahead of government incentives commencing in 2026[SINGAPORE] Automotive group Motorway and Qingling Motors launched an electric heavy vehicle (EHV) on Friday (Nov 7), marking...
