Posts by Yurie Miyazawa
Tesla sells 21,900 EVs in China in first week of December, the highest in Q4
US automaker Tesla sold 21,900 electric vehicles in China in the first week of December, the highest weekly sales in the fourth quarter of 2024, according to Tesla China on Wednesday (Dec 11). The rare weekly sales disclosure came after Tesla logged its best month in the Chinese market this year with sales exceeding 73,000…
Read MoreCharge+ buys 140 EV chargers from 3 companies ceasing commercial charging services in Singapore
ELECTRIC vehicle (EV) charging point operator (CPO) Charge+ has acquired 140 public and shared EV chargers from three other companies in Singapore that have ceased offering commercial charging services. The Business Times understands that the three companies – eChargz, PaC Components and Quickcharge.sg – will cease operating commercial chargers, but continue with other aspects of…
Read MoreCPF Special, MediSave and Retirement Accounts’ interest rate falls to 4% for Q1 2025
THE interest rate for the Central Provident Fund’s (CPF) Special, MediSave and Retirement Accounts (SMRA) will fall to the floor rate of 4 per cent per annum from Jan 1 to Mar 31, 2025, from the current quarter’s 4.14 per cent per annum. This comes as the 10-year Singapore Government Securities that the SMRA interest…
Read More15 Reasons Restaurant Chains are Dying
The restaurant industry is facing tough times, with many chains struggling to stay afloat. Various factors contribute to this decline, from changing consumer tastes to financial mismanagement. As the landscape shifts, it’s essential to understand the reasons behind the struggles of these once-thriving establishments. Key Takeaways Many casual dining restaurants are closing due to changing…
Read MoreAlaska Airlines sees US$1 billion jump in profit after merger with Hawaiian Airlines
ALASKA Airlines on Tuesday unveiled a plan to generate US$1 billion in additional profits by 2027 by leveraging its acquisition of Hawaiian Airlines and booming demand for premium travel, sparking a rally in its shares. The Seattle, Washington-based carrier also raised its fourth-quarter and full-year profit forecasts, citing stronger holiday travel bookings and lower interest costs. Its…
Read MoreSingapore stocks open flat at Wednesday’s open
SINGAPORE shares opened muted on Wednesday (Dec 11) following weak trade figures from China and ahead of key inflation data in the US. As at 9.01 am, the Straits Times Index (STI) had inched up 0.16 point to 3,813.71. Across the broader market, losers outnumbered gainers 46 to 45, after 46.8 million securities worth S$82.4…
Read MoreSingapore stocks fall, with Hongkong Land leading losses; STI down 0.5%
SINGAPORE shares closed lower on Wednesday (Dec 11) amid declines in the banking stocks, with property developer Hongkong Land the biggest loser. The Straits Times Index (STI) shed 20.73 points, or 0.5 per cent, to end at 3,792.82. Across the broader market, losers outnumbered gainers 286 to 195, after 919.6 million securities worth about S$1…
Read MoreCitigroup cuts ESG analyst jobs as research group trimmed
CITIGROUP has cut about five analyst jobs inside a small team dedicated to producing ESG (environmental, social and governance) and climate research, according to sources familiar with the development. The analysts, who worked within Citi’s Global Perspectives & Solutions unit, left the bank at the end of last week, according to the sources, who asked…
Read MoreApple’s next Ultra smartwatch will be able to send texts via satellite
APPLE plans to bring satellite connections to its smartwatch in 2025 and is ramping up work on a blood-pressure feature, seeking to entice hikers and health-conscience consumers into upgrading their devices. The satellite capability is slated to come to next year’s Apple Watch Ultra, the company’s top-of-the-line model, according to sources familiar with the matter.…
Read MoreUS court blocks Kroger’s US$25 billion supermarket mega-merger
A US judge suspended supermarket giant Kroger’s planned US$24.6 billion acquisition of rival chain Albertsons on Tuesday in a win for the Federal Trade Commission, which had argued the deal would harm consumers. The order for a temporary block follows a three-week trial in Portland, Oregon, and deals a significant blow to what would have…
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