News
Vingroup seeks private loan to buy KKR’s stake in Vinschool
Published Thu, Jun 5, 2025 · 12:17 PM[SINGAPORE] Vietnamese conglomerate Vingroup is seeking a around US$300 million private credit loan to purchase KKR’s stake of about 38 per cent...
Citi to cut 3,500 tech jobs in China in global revamp
[HONG KONG] Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday (Jun 5), as it...
GrabCab to launch in July with 40 new Toyota Prius taxis for a start
[SINGAPORE] GrabCab vehicles will hit the road from July as Singapore’s sixth and newest taxi operator launches its services, with 40 cabs in its fleet for a start.Announcing this...
China’s power prices nosedive in relief to tariff-hit factories
[BEIJING] A crash in Chinese coal prices, and a flood of clean energy, are cutting power rates in major industrial hubs, easing pressure on some of the factories caught...
Amazon’s delivery, logistics get an AI boost
[SUNNYVALE, California] Amazon wants customers to know that artificial intelligence is not just for writing college essays.In a series of announcements on Wednesday, Amazon demonstrated how stockroom robots, delivery...
Mercedes, BMW step up response to China export curbs to avoid shortages
[FRANKFURT] Automakers in the US and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt global car production.Mercedes-Benz Group and BMW...
US: Stocks mixed on slower hiring, economic uncertainty
Published Thu, Jun 5, 2025 · 06:10 AM[NEW YORK] Wall Street stocks closed mixed on Wednesday on signs that US economic activity was cooling, even though investors were careful not to...
OCBC stays the course on climate commitment
[SINGAPORE] THE global effort to combat climate change has faced significant headwinds in recent years.Under the Trump administration, the US withdrew from the Paris Agreement, a landmark international treaty...
Tesla’s China shipments extend slump, bucking broader sales boom
Published Wed, Jun 4, 2025 · 07:43 PM[HONG KONG] Tesla’s vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as chief...
What to know about China’s rare earth export controls
[BEIJING] Global manufacturers have raised the alarm on China’s decision to curb exports of rare earths alloys, mixtures and magnets.
Here is an overview of rare earths and China’s measures:
What...
