News
Stellantis deepens Europe’s reliance on China with CATL plant
[MADRID] Stellantis, the maker of Peugeot and Jeep vehicles, and China’s CATL broke ground on a 4.1 billion euros (S$6.2 billion) battery plant in northern Spain, a project that...
Europe’s Stoxx 600 climbs on Fed cut hopes; banks rally post-UK budget announcement
EUROPE’S main equity indexes closed higher on Wednesday, led by technology stocks as growing expectations of a US rate cut boosted global risk appetite, while financials also found support...
Chinese regulators block ByteDance from using Nvidia chips, The Information reports
The reported ban underscores Beijing’s efforts to reduce reliance on US technology[BEIJING] Chinese regulators have barred TikTok-owner ByteDance from deploying Nvidia chips in new data centres, The Information reported...
Allianz to cut up to 1,800 jobs due to AI advances
[MUNICH] German insurance group Allianz plans to cut up to 1,800 jobs in its travel insurance division, mainly in call centres, as artificial intelligence increasingly replaces manual processes, a...
China’s Didi Q3 revenue up 8.6% as costly overseas expansion accelerates
The company has accelerated overseas investment this year, notably expanding food delivery to additional cities[BEIJING] Didi Global reported an 8.6 per cent rise in third-quarter revenue on Wednesday (Nov...
Hiew Yoon Khong’s exit: help list Mapletree or merge it with CapitaLand
Lay the foundations for Mapletree’s next chapter and let retail investors own equity in it HIEW Yoon Khong has been group chief executive officer of Temasek’s wholly owned Mapletree Investments...
Japan’s Nikkei surges after Wall Street’s gains
[TOKYO] Japan’s Nikkei share average surged on Wednesday (Nov 26), with tech stocks leading the charge in a broad-based rally after Wall Street closed higher overnight on increasing prospects...
China’s GWM targets 300,000 annual production with first Europe car plant
Chinese automakers are increasingly looking to expand overseas as a way of escaping a brutal, prolonged price war touched off by domestic overcapacity[BAODING, China] China’s Great Wall Motor (GWM)...
Indonesian fund to raise another 12.6 trillion rupiah from patriot bonds
[JAKARTA] Indonesian sovereign wealth fund Danantara is raising an additional 12.6 trillion rupiah (S$991 million) through a debt offering to the nation’s wealthiest businesses and families, bringing the total...
Brookfield builds decarbonisation platform with maiden renewable investments in the Philippines, Thailand and Vietnam
The global investment firm aims to catalyse platforms that deliver reliable, low-carbon energy[SINGAPORE] Brookfield Asset Management has made its first renewables investments in the Philippines, Vietnam and Thailand as...
Commentary: California’s first partner pushes to regulate AI while Trump and tech bros thunder forward