Posts by Stephanie Irvin
Volkswagen CEO clashes with workers as conflict over closures, pay deepens
VOLKSWAGEN’S (VW) CEO and labour boss clashed during a staff meeting on Wednesday (Dec 4), with management pushing for major cuts while workers warned of more strikes if plant closures remain part of wage negotiations at the embattled German automaker. The gathering of around 20,000 workers at Volkswagen’s main plant in Wolfsburg was also attended…
Read MoreAre 50 Cent Coins Worth Anything?
This article explores the value of 50 cent coins. Many people wonder if these coins are worth anything beyond their face value. Through understanding their history, market trends, and tips for collectors, you can discover the potential worth of your 50 cent coins. Key Takeaways 50 cent coins can have value beyond 50 cents, especially…
Read MoreNXP, TSMC affiliate plan to expand US$7.8 billion Singapore plant
NXP Semiconductors and a Taiwan Semiconductor Manufacturing Co (TSMC) affiliate are discussing an expansion of their US$7.8 billion Singapore venture, recognising a need to diversify chip production in anticipation of growing US-Chinese tensions over technology. The Dutch firm and its Taiwanese partner Vanguard International Semiconductor (VIS) on Wednesday (Dec 4) broke ground on a joint…
Read More12 Rules About Keeping Accidental Transfers
Accidental transfers of money can happen to anyone. You might get money sent to you by mistake, and then you might wonder what to do next. This article will help you understand the rules about keeping accidental transfers and what steps you should take if someone mistakenly sends you money. We will also explore the…
Read MoreBank Indonesia says it’s ready to intervene to steady rupiah
INDONESIA’S central bank said it was ready to intervene in currency markets to steady the rupiah as it weakened towards the psychological level of 16,000 per US dollar. Bank Indonesia (BI) will always be in the market to maintain market confidence, executive director for Monetary and Asset Securities Management Edi Susianto said on Wednesday (Dec…
Read MoreRakuten starts marketing its third dollar bond offering of 2024
RAKUTEN Group started marketing its third US dollar bond of the year, seeking to take advantage of strong investor appetite for junk rated debt that drove US spreads to their lowest since 2007. The Japanese e-commerce giant is targeting the sale of as much as US$550 million of subordinated notes that can be called after…
Read MoreCargill begins job cuts in drive to reduce headcount by 5%
GLOBAL commodities trader Cargill began laying off employees across its vast operations on Tuesday (Dec 3) in a drive to slash headcount by 5 per cent, sending US workers from supply chain, inventory control and other roles to look for new jobs. Cargill, a major grain merchant and US beef processor, is facing a downturn…
Read MoreSouth Korea shares tumble amid political uncertainty as other Asia markets decline
SOUTH Korean shares declined sharply at the open on Wednesday (Dec 4), tumbling nearly 2 per cent after the country’s President Yoon Suk Yeol declared martial law overnight. Yoon then lifted the decree within hours, but calls were growing for his impeachment after his shock decision to impose martial law. The benchmark Kospi opened sharply…
Read MoreSouth Korea shares fall at the close as political tensions continue; Asia markets mixed
SOUTH Korean shares continued to fall by the close on Wednesday (Dec 4), after the country’s President Yoon Suk Yeol declared martial law overnight. Yoon then lifted the decree within hours, but opposition lawmakers filed a motion to impeach him after his shock decision to impose martial law, according to AFP. The benchmark Kospi opened…
Read MoreStocks to watch: Digital Core Reit, Marco Polo Marine
THE following companies saw new developments that may affect trading of their securities on Wednesday (Dec 4): Digital Core Reit: It will convene its extraordinary general meeting on Wednesday to vote on the proposed acquisition of an additional stake in a data centre in Frankfurt, Germany. The independent financial adviser, independent directors, as well as…
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