Culture
Foreigners sell Asian equities in December on worries over valuations
They have sold local stocks worth US$1.2 billion in India, Taiwan, South Korea, Thailand, Indonesia, Vietnam and the Philippines[BENGALURU] Foreign investors net sold Asian equities in December, on lingering...
SIA, Air India ink pact for commercial cooperation
The airlines are exploring ways to enhance privileges beyond the current Star Alliance and KrisFlyer programmes [SINGAPORE] Singapore Airlines (SIA) has signed a commercial cooperation framework agreement with Air...
Bank of Japan says sales of its ETF holdings to start next week
[TOKYO] The Bank of Japan said it will start selling its holdings of exchange-traded funds on Monday (Jan 19), a project that may take more than a century if...
Asean agrees on guidelines for quicker subsea cable fixes
They will update the existing 2019 guidelines with international best practices, while also harmonising repair protocols[SINGAPORE] Asean nations have moved to standardise the maintenance of the region’s subsea cables,...
Rio Tinto-Glencore merger may need asset sales to win over China
China’s antitrust regulator is likely to be concerned about a combined entity’s concentration in copper production and marketing[BEIJING/MELBOURNE] The proposed tie-up between Rio Tinto and Glencore could require asset...
TSMC eyes smaller tech gap between US and Taiwan chipmaking fabs
The company is accelerating the buildout of its capacity in Arizona due to strong demand[TAIPEI] Taiwan Semiconductor Manufacturing Company (TSMC) will try to accelerate the transfer of its advanced...
Beijing warns carmakers as price war escalates
CHINESE regulators summoned executives from major new-energy vehicle (NEV) makers this week, demanding an end to excessive competition just as a fresh round of price cuts was set to...
Trump moves to make tech giants pay for surging power costs
The grid operator serves more than 67 million people from the Mid-Atlantic to the Midwest[WASHINGTON] US President Donald Trump and the governors of several US Northeastern states agreed to...
Some in Bank of Japan see scope to raise rates sooner than markets expect, sources say
[TOKYO] Some Bank of Japan policymakers see scope to raise interest rates sooner than markets expect with April a distinct possibility, as a sliding yen risks adding to already...
Ford in talks to use BYD batteries for overseas factories
[DETROIT] Ford Motor is in talks with China’s BYD about potentially supplying batteries for hybrid vehicles to the American automaker’s overseas factories, according to sources familiar with the negotiations.BYD,...
