Fashion
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model[ZURICH] UBS on Monday (Jan 12) rejected government proposals to strengthen regulations...
South Korea makes checks on increasing US dollar deposits as won falls
[SEOUL] South Korean authorities summoned seven local banks last week to question them about increasing US dollar deposits, officials and bank sources said on Monday (Jan 12), amid growing...
HSBC launches UAE asset management business to tap into wealth influx
The bank has focused its growth efforts on regions such as Asia and the Middle East[DUBAI] HSBC is opening an asset management business in the UAE and launching 10...
Oil edges up as Iran supply risk counters Venezuela export resumption
[SINGAPORE] Oil prices edged higher on Monday (Jan 12) as escalating protests in Iran sparked concerns about supplies from the Opec producer, while efforts to resume oil exports from...
US to host meeting on rare earths as China-Japan spat simmers
The discussions are expected to also include officials from Australia, South Korea, India, Mexico and the European UnionTHE US will host a gathering of Group of Seven ministers to...
Stellantis scraps US plug-in hybrid sales, citing weak demand
The automaker’s pullback comes as Detroit carmakers reassess electric-vehicle spending amid policy changes under US President Donald TrumpCHRYSLER parent Stellantis said on Friday (Jan 9) that it will stop...
OpenAI, SoftBank invest US$1 billion in SB Energy as Stargate buildout expands
The data centre construction boom has also prompted major players, including Meta Platforms[BENGALURU] OpenAI and SoftBank Group will invest US$500 million each in SB Energy to expand data centre...
Apple shares on pace to match longest losing streak since 1991
The company and other computer and device makers have been under pressure from rising prices for components such as memory chips[SAN FRANCISCO] Apple shares are on pace to tie...
ExxonMobil calls Venezuela ‘uninvestable’ as Trump pushes oil plan
Low prices are viewed warily within the oil industry, which the US president is counting on to keep pumping crude[WASHINGTON] Major US oil executives expressed caution about US President...
China buys at least 10 cargoes of US soybeans for April-May shipment, traders say
[CHICAGO] China’s state stockpiler Sinograin purchased at least 10 cargoes of US soybeans on Friday (Jan 9), or at least 600,000 tonnes, for shipment in April and May, capping...
