Posts by Stephanie Irvin
Stellantis, China’s CATL to invest 4.1 billion euros in EV battery factory in Spain
STELLANTIS and Chinese battery maker CATL will invest 4.1 billion euros (S$5.8 billion) in a factory making electric vehicle batteries in Zaragoza in northern Spain, they said on Tuesday (Dec 10). The companies have set up a 50-50 joint venture for the project and expect to start production by the end of 2026. The factory’s…
Read MoreCrypto volatility picks up as Trump-fuelled rally starts to fray
A BOUT of selling buffeted crypto as the optimism sparked by president-elect Donald Trump’s embrace of the sector begins to cool. Bitcoin fell below US$95,000 at one point on Tuesday (Dec 10), while an index of smaller digital assets slid as much as 15 per cent, one of its biggest intraday drops of 2024. Speculators…
Read MoreBritain to make online marketplaces pay more for electricals recycling
BRITAIN said on Tuesday (Dec 10) it would soon make online marketplaces such as Amazon and eBay pay more towards the cost of recycling waste electrical items from toasters to hair curlers. The environment ministry said it wanted to level the playing field for UK-based firms that currently shoulder the majority of costs around the…
Read MoreIs YouTube TV Worth the Cost?
YouTube TV is a popular streaming service that aims to replace traditional cable TV. With a wide range of channels and features, many people wonder if its cost is justified. In this article, we will explore the expenses, channel offerings, and overall value of YouTube TV to help you decide if it is worth it…
Read MoreGold hovers near two-week peak as focus shifts to US inflation data
GOLD prices remained mostly unchanged on Tuesday (Dec 3), staying near a two-week high hit in the previous session, as investors awaited key US inflation data, due later this week, for further insights into the Federal Reserve’s interest rate outlook. Spot gold held its ground at US$2,660.82 per ounce, as at 0042 GMT. US gold…
Read MoreJapan’s megabanks are flush with cash and hunting overseas deals
JAPAN’S megabanks are awash in cash and eager to invest. Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMFG) and Mizuho Financial Group are enjoying record earnings. Selling off cross-shareholdings is bringing in even more money. Even as they reward shareholders with buybacks and higher dividends, they are determined to fund overseas expansion. Their…
Read MoreLatte Effect: 52-Week Money Challenge
The Latte Effect highlights how small daily expenses can add up over time, impacting your savings significantly. By understanding this principle, you can take control of your finances and start saving more effectively. One popular way to do this is through the 52-Week Money Challenge, which encourages consistent saving habits and helps you accumulate a…
Read MoreMicrosoft unveils zero-water data centres to reduce AI climate impact
MICROSOFT, trying to mitigate the climate impact of its data centre building boom, is starting to roll out a new design that uses zero water to cool the facilities’ chips and servers. Launched in August, the new design will eliminate the more than 125 million litres of water each data centre typically uses per year,…
Read MoreApollo targets US$25 billion for flagship private equity fund
APOLLO Global Management is readying what could mark its largest ever private equity fund. Apollo is looking to gather US$25 billion of capital for the fund, which is expected to launch early next year, according to sources with knowledge of the matter, who asked not to be identified discussing private information. At US$25 billion, Apollo’s…
Read MoreManage risks in commodity financing by bracing for constant uncertainty: UOB’s Lim Chen Chen
Commodities have become more strategic than ever, says UOB’s group head of structured trade and commodity finance FOR Lim Chen Chen, UOB’s group head for structured trade and commodity finance, one thing is for certain: Nothing is really constant in this increasingly volatile world. That is why the veteran banker is always thinking about the…
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