News
CATL’s strong Hong Kong debut boosts outlook for Chinese companies’ fundraising
[HONG KONG] Shares in CATL closed 16 per cent higher on their Hong Kong debut on Tuesday (May 20) after the Chinese electric vehicle battery giant raised US$4.6 billion...
Gold eases as Russia-Ukraine ceasefire optimism curb safe-haven demand
Published Tue, May 20, 2025 · 09:21 AM[BENGALURU] Gold prices eased on Tuesday (May 20), as a firmer US dollar and optimism over a potential ceasefire between Russia and...
Local building boom will fuel growth, says top Vietnam steelmaker
[HANOI] Vietnam’s top steelmaker Hoa Phat Group is counting on the nation’s rising economic growth and massive infrastructure projects from railways to seaports to fuel the company’s expansion and...
GM to stop exporting vehicles from US to China, company says
Published Tue, May 20, 2025 · 07:09 AM[DETROIT] General Motors informed employees and dealers for its China export business on Thursday in China that it would stop shipping vehicles...
Angry taxi drivers battle Paris police over fare change
Published Tue, May 20, 2025 · 06:49 AM[PARIS] Taxi drivers set alight wooden pallets and tyres in central Paris on Monday and police fired tear gas amid nationwide protests...
US Federal Reserve officials signal rates likely to stay on hold until at least September
[NEW YORK] Two US Federal Reserve officials, including New York Fed chief John Williams, suggested policymakers may not be ready to lower interest rates before September as they confront...
Nike lays off some workers in shakeup of technology division
Efforts to recapture growth by refocusing on sports and wholesale channels have been complicated by US President Donald Trump’s trade war and uneven spending by US consumersPublished Tue, May...
US tariff wall to hurt S-E Asia petrochemical players as excess products flood the region
[SINGAPORE] Petrochemical players in South-east Asia are bracing themselves for increasing competition, as the tariff-led breakdown of trade between the US and China creates a flood of petchem products...
After rocky week, Coinbase becomes first crypto exchange to join the S&P 500
Coinbase on Monday became the first cryptocurrency exchange to join the Standard & Poor’s 500 index, marking a pivotal moment for the digital assets industry.The inclusion on the S&P...
Billionaire Richard Li’s FWD Group again files for Hong Kong listing
Its previous attempts to go public were scuttled by regulatory delays and market volatilityPublished Mon, May 19, 2025 · 11:10 PM[HONG KONG] FWD Group, a Hong Kong-based insurer backed...
