Culture
China’s industrial buyers shun copper after prices hit record
A SIGNIFICANT chunk of Chinese copper demand has all but evaporated after the metal’s stunning surge to record levels.Copper on the London Metal Exchange (LME) burst through US$13,000 a...
Gold falls as commodity index adjustments weigh ahead of US jobs data
[BENGALURU] Gold fell on Friday (Jan 9) as commodity index readjustments and a firm US dollar kept the pressure on prices in the near term, with investors positioning ahead...
UOBKH rates top pick DBS a ‘buy’ on 5.6% yield
It also upgrades the overall banking sector to ‘overweight’ and keeps its ‘buy’ call for OCBC[SINGAPORE] A dividend yield of 5.6 per cent this year has led UOB Kay...
Cathay Pacific seeks savings, cuts some jobs in efficiency push
The airline has said that it plans to hire 3,000 people this year, pushing headcount beyond the 34,000 at the end of 2025[HONG KONG] Cathay Pacific Airways has asked...
CK Hutchison is said to pick Goldman Sachs, UBS for Hong Kong-London IPO of Watson Group
[HONG KONG] CK Hutchison Holdings has picked Goldman Sachs and UBS Group to work on the planned initial public offering (IPO) of global health and beauty retailer AS Watson...
Chinese firms dominated global humanoid robot shipments in 2025
The industry’s global sales more than quintupled from 2024, according to Omdia’s figuresHUMANOID robot makers in China accounted for the vast majority of the roughly 13,000 units shipped globally...
GM to take US$6 billion writedown on EV pullback
GM’s EV sales dropped 43 per cent in the fourth quarter after the loss of the consumer tax credit[DETROIT] General Motors said on Thursday it would take a US$6...
Panama says it cancelled flag of US-seized oil tanker a year ago
[PANAMA CITY] Panama’s maritime authority on Thursday said it had cancelled in January of last year the flag of the M Sophia, a Venezuela-linked oil tanker seized by the US military...
Big Tech spared strict rules in EU digital regulations overhaul, sources say
The tech giants will be subject only to a voluntary framework rather than binding rules[BRUSSELS] Alphabet’s Google, Meta Platforms, Netflix, Microsoft and Amazon will not face heavy-handed regulations in Europe’s digital...
China’s Anta Sports has offered to buy Pinault family’s 29% Puma stake: sources
The Hong Kong-listed company has a track record of acquiring and revamping Western sports and lifestyle brands[HONG KONG/LONDON] China’s Anta Sports Products has offered to buy 29 per cent...
