News
Europe: Trump’s fresh tariff threats knock Europe stocks to weekly loss in last-minute slide
[BENGALURU] European shares tanked on Friday (Oct 10), erasing weekly gains in a last-minute slide as renewed trade war fears sparked by fresh threats from US President Donald Trump...
Tesla’s China shipments rise at start of busy sales season
The carmaker shipped 90,812 units from the plant last month, up 2.8% from a year earlierSHIPMENTS from Tesla’s Shanghai factory increased in September as China’s car market kicks off...
China’s state banks ramp up US dollar buying to stabilise renminbi: sources
The combined actions of the lenders mark a reversal from last year’s efforts to defend the weakening renminbi[SHANGHAI/BEIJING] China’s major state-owned banks ramped up US dollar buying in the...
Tata Consultancy Services slashes 19,755 jobs in biggest workforce cut amid AI, US strains
[MUMBAI] Tata Consultancy Services (TCS) made its steepest-ever job cuts as strained ties with the US and a rapid shift towards artificial intelligence reshape the country’s US$280 billion IT...
ComfortDelGro’s quiet tech play and why it’s not sweating GrabCab
Grab says it won’t poach rival drivers, but its entry may intensify Singapore’s tight market[SINGAPORE] Within just a decade, Grab has gone full circle from an entrant challenging incumbent...
AI jobs shock is coming and firms aren’t ready: Klarna CEO
The CEO sees the AI boom spelling the end to what he calls “excess profits” in both the banking and software industries[LONDON] From technology firms to translators, the world...
Thailand’s Delta shares set to drop as exchange imposes curbs
The stock has more than tripled in price from its April low, boosted by optimism over its role as maker of components for artificial-intelligence data centres[BANGKOK] Shares of Delta...
Vingroup seeks US$500 million private credit for EV charging ports
China dominates the global public charging market with over 850,000 installations last year, more than double the installations in the rest of the world[HANOI] Vietnamese conglomerate Vingroup is seeking...
Top Glove shares end flat after 7.3% surge in intra-day trade on return to full-year profitability
The group attributes its improved performance to the higher demand for gloves and its cost efficiency[SINGAPORE] Shares of Top Glove soared on Friday (Oct 10) morning after the Malaysian...
Private capital roars back in Q2 with strongest returns since 2021: MSCI
Across the board, every major private asset class records an improvement on the Q1 return[SINGAPORE] Private markets delivered their strongest aggregate returns since 2021 in the second quarter of...
