Culture
The world’s copper squeeze is set to intensify on AI and defence spending: S&P
[NEW YORK] The race for artificial intelligence (AI) and surging defence spending are set to intensify a projected shortage of copper as producers struggle to expand, according to a...
‘No further action’ by CPIB against Nam Lee MD over whistle-blower report
This comes ahead of extraordinary general meeting called to oust company executive director and chairman[SINGAPORE] The Corrupt Practices Investigation Bureau (CPIB) will take “no further action” against the managing...
Grab, Chinese automaker GAC to deploy 20,000 EVs across South-east Asia
It will involve the introduction of three of the Chinese player’s models – Aion Y, Aion ES, and Aion V – across the region[SINGAPORE] Ride-hailing giant Grab and Chinese...
JD.com weighs raising 10 billion yuan in debut dim sum bond sale
Dim sum bonds are attractive to some Chinese tech firms because of their lower financing costsJD.COM is considering its first dim sum bond sale, with a potential offering that...
Chinese teahouse chain Chagee is said to explore Hong Kong listing
[HONG KONG] Chinese tea chain Chagee Holdings is considering a listing in Hong Kong, according to sources familiar with the matter, joining a rush of firms being drawn to...
India’s central bank intervenes again to support rupee, traders say
[MUMBAI] The Indian central bank was seen back in the foreign exchange market on Thursday, selling dollars through state-run banks to reinforce support for the rupee, traders said.The rupee...
Chinese tech firms rise in Hong Kong debut as US-China tech race heats up
The trio’s performance will help gauge whether Hong Kong can extend last year’s IPO resurgence[SINGAPORE] Three Chinese technology firms debuted higher on Thursday (Jan 8) after raising a combined...
US oil companies say they need guarantees to invest in Venezuela: FT
US OIL companies want “serious guarantees” from Washington before they make large investments in Venezuela, as President Donald Trump urges them to back his bid to reshape energy markets,...
Asia bankers fear US scrutiny of loans involving chips, China
The backlash against US capital flowing into an AI ecosystem linked to Chinese firms can be swiftSOME bankers in Asia are starting to worry about financing deals that would...
Australia’s goods trade surplus shrinks to A$2.9 billion in November
[SYDNEY] Australia’s surplus on goods trade narrowed sharply in November as shipments of iron ore fell back, data showed on Thursday, while imports were a fraction firmer.The Australian Bureau...
