News
Temu’s Europe HQ raided as part of EU foreign-subsidy probe
[BRUSSELS] Temu’s European headquarters in Dublin have been hit by raids by European Union competition watchdogs, amid suspicions the Chinese e-commerce giant may have received unfair subsidies from Beijing....
European shares flat ahead of Fed decision; investors assess mixed corporate updates
EUROPEAN shares ended flat on Wednesday, as investors adopted a cautious stance ahead of the US Federal Reserve’s interest rate decision, while also parsing a slate of corporate announcements.The pan-European Stoxx...
Wall Street subdued at open ahead of Fed interest rate verdict
[NEW YORK] Wall Street’s main stock indexes opened little changed on Wednesday (Dec 10), ahead of a Federal Reserve monetary policy decision that is widely expected to deliver an...
Temasek, top funds bid in Swiggy’s US$1.1 billion share sale
The fundraising underscores the Indian e-commerce market’s rapid expansion amid surging demand[MUMBAI] Global investors, including Temasek Holdings and Capital Group, are offering to buy shares in Swiggy, according to...
Wingtech seeks to restore Nexperia control as chip feud lingers
Despite political progress, Nexperia’s Dutch HQ and its Chinese operations are locked in an internal feud[BEIJING] Wingtech Technology has invited court-appointed custodians of Nexperia to discussions in a bid...
MPACT sells Festival Walk Tower for close to HK$2 billion
[SINGAPORE] The manager of Mapletree Pan Asia Commercial Trust (MPACT) announced on Wednesday (Dec 10) that its subsidiary Festival Walk will sell Festival Walk Tower for nearly HK$2 billion...
Coal’s grip on Asia strengthens as early phaseout bids stall
[JAKARTA] Coal’s future in Asia is looking brighter, as the top-consuming region’s efforts to shift to cleaner energy suffer a series of setbacks.Indonesia has cancelled a flagship project that...
Airbus CEO concedes likely defeat to Boeing in order race this year
The planemaker remains ahead of its US rival in deliveries and the pipeline of outstanding orders[PARIS] Airbus CEO Guillaume Faury conceded likely defeat in the annual order race against...
Air India admits compliance culture needs overhaul after flying Airbus without permit
The report is a stark admission from the airline whose Boeing Dreamliner crash in June killed 260 people[NEW DELHI] An Air India investigation into why one of its Airbus...
Singapore stocks close flat ahead of Fed interest rate decision
[SINGAPORE] Singapore stocks ended lower on Wednesday (Dec 10), ahead of a policy decision by the US Federal Reserve.The benchmark Straits Times Index (STI) was flat, shedding 1.34 points...
12,000 Marriott suppliers in Singapore, Malaysia, Indonesia to get same-day invoice financing by OCBC
The partnership gives the hospitality group’s SME suppliers quick and seamless access to capital, and enables them to be more sustainable[SINGAPORE] OCBC and Marriott International have formed a strategic...
