News
OCBC’s Internet and mobile banking services fully restored after two-hour outage
[SINGAPORE] OCBC customers experienced difficulties logging into the bank’s mobile application on Thursday (Nov 27). On outage tracking site Downdetector, more than 1,400 reports had been made from around 8.20...
China’s low-cost auto parts flood Europe’s biggest car market
Seven in 10 European parts makers now face direct competition from Chinese imports: survey[FRANKFURT] Chinese automotive suppliers are inundating Germany with low-cost components, piling pressure on local manufacturers that...
TotalEnergies ceases Singapore EV charging operations; charge-point network to be transferred to LTA
[SINGAPORE] TotalEnergies Charging Services Singapore, the charging point operator behind BlueSG, said on Thursday (Nov 27) that it “has signed a termination agreement to transfer its charge-point network” to...
Singapore stocks track regional gains on Thursday; STI up 0.2%
Across the broader market, gainers outnumber losers 270 to 216 after 1.2 billion securities worth S$1.2 billion change hands.[SINGAPORE] Singapore stocks ended higher on Thursday (Nov 27), tracking gains...
Japan to boost shorter debt to fund stimulus plan; Fitch warns on rating
The focus on short-term debt likely reflects government concern over recent rises in super-long yields[TOKYO] Japan will likely increase issuance of short- and medium-term bonds to fund a massive...
Japan’s Kashiwazaki-Kariwa nuclear plant could restart in January
The prefecture assembly is set to vote on this during its regular session beginning on Dec 2[TOKYO] Japan’s Kashiwazaki-Kariwa nuclear power plant, the world’s biggest, could be restarted as...
Malaysia’s palm oil exports to China down almost 29% to October
Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market[KUALA LUMPUR] Malaysia’s palm oil exports to China...
Toyota’s October output grows for fifth straight month on strong US demand
[TOKYO] Toyota Motor said on Thursday its global production rose for a fifth consecutive month in October, lifted by strong US demand for hybrid vehicles that offset weaker sales...
Australia may weigh early rate hike as economy nears speed limit
The RBA is facing a more complex outlook than peers as its economy is entering an upswing with elevated capacity utilisation [SYDNEY] Australia’s central bank may need to raise...
Tether stablecoin stability rating reduced to ‘weak’ at S&P
A crash in Bitcoin’s price this month has left the asset on track for its worst monthly performance[LONDON] The ability of Tether’s USDT stablecoin to maintain its peg to...
