Posts by Yurie Miyazawa
China’s Geely scouting locations for Europe plant
CHINESE carmaker Geely is scouting locations for a plant in Europe but has not committed fully to building up local production, executives from the car conglomerate said in interviews with Reuters in Frankfurt. “It is not 100 per cent yet,” Li Chuanhai, vice-president of Geely Auto Group, one of Zhejiang Geely Holding Group’s brands, said…
Read MoreUS holiday sales to grow at slowest pace since 2018: report
US HOLIDAY sales are expected to grow at their slowest pace in six years, data from Deloitte showed on Thursday as persistent inflation and dried up savings turn shoppers more frugal for the all-important shopping period. Holiday retail sales are likely to rise between 2.3 per cent and 3.3 per cent in the November 2024-January…
Read MoreAmid data-centre boom, can South-east Asia keep the lights on and taps running?
The region’s DC surge is straining power grids and vital resources, raising sustainability concerns AS South-east Asia becomes the life of the data-centre party, the big test lies in managing the “hangover” – the strain on power grids and water supplies. Malaysia, Indonesia, Singapore, Vietnam and Thailand are spearheading the data-centre boom, but each faces…
Read MoreChina detains investment bankers, takes passports in corruption sweep
CHINA is turning up the heat on its army of 8,700 investment bankers. After being forced to take big pay cuts and adhere to other belt-tightening measures under President Xi Jinping’s years-long common prosperity campaign, the country’s dealmakers are now in the crosshairs of the nation’s top graft buster. At least three top investment…
Read MoreBoeing faces possible strike on Friday over labour contract
BOEING faces a possible strike as early as Friday if most of the US planemaker’s factory workers in the Pacific Northwest vote on Thursday to back a work stoppage and reject a tentative deal that has enraged many of them. Roughly 30,000 workers who produce Boeing’s 737 MAX, 767 and 777 jets in the Seattle…
Read MoreGrand Venture Technology confirms it’s ‘in discussions’ for secondary listing on Bursa Malaysia
The manufacturing service provider has not made an application to the authorities as talks are ongoing GRAND Venture Technology has confirmed that it is in discussions for a secondary listing on the main market of Bursa Malaysia. On Thursday (Sep 12), the manufacturing service provider said that it is still discussing the details and structure…
Read MoreDon Agro unit to acquire stakes in Russian oncology clinic business for 3 billion roubles
DON Agro International’s wholly owned subsidiary, JSC Tetra, has proposed to purchase stakes in a Russian oncology clinic group for 3.04 billion roubles (S$43.7 million), said the company on Thursday (Sep 12) in a filing to the Singapore Exchange. The deal includes a 99.99 per cent stake in 812 Capital and 11.5 per cent of…
Read MoreDon Agro to acquire stakes in Russian oncology clinic business for 3 billion roubles
DON Agro International’s wholly owned subsidiary, JSC Tetra, has proposed to purchase stakes in a Russian oncology clinic group for 3.04 billion roubles (S$43.7 million), said the company on Thursday (Sep 12). The deal includes a 99.99 per cent stake in 812 Capital and 11.5 per cent of the shares in Centre for Innovative Medical…
Read MoreChina hot pot chain plans US expansion to escape slump at home
CHINESE hot pot chain Haidilao said it will focus on expanding further into established foreign markets in the coming years, notably the United States, working to draw new customers as diners at home pull back on spending. Super Hi International Holding, the operator of Haidilao’s overseas business, will unveil more outlets in New York and…
Read MoreGermany lines up with Spain against EU tariffs on Chinese EVs
GERMAN Chancellor Olaf Scholz joined Spanish Prime Minister Pedro Sanchez in calling for the European Union to drop its plan to impose extra tariffs on Chinese-made electric vehicles (EVs), potentially undercutting the bloc’s primary tool for pushing back against Beijing’s state-backed industry. A procession of European leaders have visited President Xi Jinping since the EU…
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