MILAN (REUTERS) – Ferrari, the sports car maker synonymous with roaring petrol engines, welcomes the shift to electric powertrains and is confident of retaining its …
China spectre jolts ByteDance backers to try trimming stakes
(BLOOMBERG) – A handful of investors rattled by China’s sweeping regulatory changes are looking to offload private stakes in TikTok parent ByteDance and other Chinese …
Asia’s mobility industry is driving into the future
SINGAPORE – Once a niche sector for investors, the global pandemic has lit a fire under the sustainable investing market. Inflows into environmental, social and …
South Korea’s inflation quickens as central bank mulls rate hike
(Bloomberg) – South Korea’s inflation unexpectedly climbed last month as the central bank prepares to meet on rates amid the nation’s worst coronavirus outbreak yet. …
Tesla’s India plans dealt blow as minister rules out tax cut
(BLOOMBERG) – India said it has no plans to cut import duties on electric vehicles (EVs), weeks after Tesla appealed to the government to slash …
Great Eastern Q2 profit falls 22% to $232.2 million amid less favourable market conditions
SINGAPORE (THE BUSINESS TIMES) – Great Eastern Holdings on Monday (Aug 2) posted a net profit of $232.3 million for the second quarter ended June …
Keppel’s $3.4b privatisation offer for SPH: Timeline of key developments
SINGAPORE -Keppel Corp has offered to take Singapore Press Holdings (SPH) private under a $3.4 billion scheme following the restructuring of its media business, it …
Keppel makes $3.4 billion offer to take SPH private after media business is hived off
SINGAPORE – Keppel Corp is proposing to acquire Singapore Press Holdings (SPH) through a $3.4 billion privatisation offer after the hiving off of SPH’s media …
China seeks more communication with US on overseas IPOs
BEIJING (BLOOMBERG) – China’s securities regulator called for talks with its American counterpart after the United States Securities and Exchange Commission (SEC) halted the initial public …
SPH, SPH Reit, Keppel Corp and Keppel Reit call for trading halts pending announcements
SINGAPORE – Four listed counters called for a halt in the trading of their shares pending the release of announcements before the stock market opened …
5 things to know about Chinese stocks
(NYTIMES) – Americans have good reasons to be wary of investing in China. It’s easy to get caught up in the headlines and go no …
More young people jumping aboard the cryptocurrency train despite risks
SINGAPORE – When 21-year-old student Yong Jun put $2,800 into Ethereum in February this year, he did so with the view that it would be …
New York facing rental slump
(BLOOMBERG) – Condo sales are surging in New York City. But fewer of those buyers are tapping a once-popular investment strategy: leasing out units for …
Oh yes, young people may be easier targets for scams
(NYTIMES) – If you’re a digital native and consider yourself immune to all scams, the thieves have you right where they want you. For years …
Work from home is spurring some to retire early
(NYTIMES) – For Ms Mona Janochoski, a chemist who ran a laboratory, working from home during the coronavirus pandemic was the deciding factor. It was …
US stocks fall on Delta worries, profit taking
NEW YORK (AFP) – Wall Street stocks fell on Friday (Juy 30), concluding the week on a lackluster note on worries about the Delta variant …
Singdollar recovers from recent dip, but outlook still weak
SINGAPORE – The Singapore dollar has bounced back to the level it held about two weeks ago after recovering from a slew of negative factors …
Is it time to buy Chinese stocks?
SINGAPORE – China’s stock markets went on a roller coaster ride recently after the government announced its toughest-ever curbs on the online education industry and …
Challenges and opportunities in S’pore’s post-pandemic recovery
SINGAPORE – Covid-19 has wreaked havoc on almost every economy, but those that take the opportunity to adapt and transform will emerge stronger, Trade and …
Tycoon’s $8 billion surge unseats Samsung heir as richest South Korean
SEOUL (BLOOMBERG) – Brian Kim, the founder of South Korean messaging giant Kakao Corp, has seen his fortune jump by more than US$6 billion (S$8.1 …