News
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...
China considers ordering hundreds of Airbus jets in major deal
[HONG KONG] China is considering placing an order for hundreds of Airbus aircraft as soon as next month, when European leaders visit Beijing to celebrate the countries’ long-term ties,...
Iron ore markets brace for shake-up as Singapore-linked Simandou nears production
[SINGAPORE] Global iron ore trade is facing a pivotal shift as Simandou, a massive iron ore mine in Guinea being developed by a Singapore conglomerate, is about to ramp...
Paragon Reit to delist from SGX on Jun 6
Minority unitholders have received their scheme consideration payments on Jun 4, 2025 [SINGAPORE] Paragon Reit will delist from the Singapore Exchange with effect from 9 am on Jun 6,...
Maybank cuts view on Malaysian banking sector to ‘neutral’ as tariffs, slower GDP weigh on earnings
[SINGAPORE] Maybank Investment Bank has downgraded its rating for the Malaysian banking sector to “neutral”, from “positive” previously, due to slower gross domestic product growth (GDP), subdued earnings prospects,...