Posts by Yurie Miyazawa
Volkswagen invests US$5 billion in EV startup Rivian to form joint venture
VOLKSWAGEN (VW) will invest US$5 billion to form a joint venture with electric vehicle (EV) maker Rivian Automotive, throwing a lifeline to the struggling startup and giving the German automaker access to the American EV company’s technology. VW said in a release that it will invest US$1 billion immediately in Rivian and an additional US$4…
Read MoreKeppel Infrastructure Trust unit obtains S$612.5 million green loan
It will make payment of approximately equal debt-servicing amounts (principal and interest) every six months KEPPEL Infrastructure Fund Management said that a subsidiary of Keppel Infrastructure Trust has obtained a sustainability-linked loan of S$612.5 million, and the proceeds will be used to refinance a loan. According to the bourse filing the trustee-manager of Keppel Infrastructure…
Read MoreBybit is now the world’s second-largest crypto exchange
BYBIT surpassed Coinbase in March to become the world’s second-largest cryptocurrency exchange after Binance, according to a report from crypto research firm Kaiko. The launch of spot Bitcoin exchange-traded-funds in the US helped Bybit double its market share to 16 per cent in March from 8 per cent in October 2023. Coinbase did not…
Read MoreUS: Nasdaq, S&P 500 open higher after Nvidia and other AI-linked stocks selloff
The Nasdaq and the S&P 500 opened higher on Tuesday (Jun 25) as Nvidia and some other AI-linked stocks rose after bruising selloffs, while investors awaited further cues on monetary policy path based on remarks by Federal Reserve officials and economic data this week. The Dow Jones Industrial Average fell 12.42 points, or 0.03 per…
Read MoreNissan to start producing EVs for Dongfeng Motor by year-end: Nikkei
NISSAN Motor will produce electric vehicles for its Chinese joint-venture partner Dongfeng Motor at its Wuhan factory by year-end, the Nikkei newspaper reported on Tuesday (Jun 25), a sign of pressure on the automaker’s China business. By producing EVs for Dongfeng, Nissan aims to reduce fixed costs and increase the operating rate of the factory,…
Read MoreLufthansa raises ticket prices to meet environmental requirements
Lufthansa will not be able to bear additional costs resulting from regulatory requirements in the next few years Lufthansa will increase ticket prices on all flights departing from EU countries, Britain, Norway and Switzerland by between 1 euro (S$1.45) and 72 euros (S$104.48)) as environmental costs rise, the company said on Tuesday (Jun 25). The…
Read MoreUS dollar’s dominance secure, Brics see no progress on de-dollarisation: report
THE US dollar remains the world’s primary reserve currency, and neither the euro nor the so-called Brics countries have been able to reduce global reliance on the US dollar, a new study by the Atlantic Council’s GeoEconomics Center shows. The group’s “US dollar Dominance Monitor” said the US dollar continued to dominate foreign reserve holdings,…
Read MoreIndia’s Adani Group to increase capex to US$15.6 billion in fiscal 2025, CFO says
The group is betting on infrastructure spending, which is expected to grow at a compounded annual growth rate of 20 per cent-25 per cent Indian ports-to-power conglomerate Adani Group will increase capital expenditures in fiscal year 2025 to US$15.6 billion from 700 billion rupees (S$11.3 billion) a year earlier, chief financial officer Jugeshinder Singh said…
Read MoreOzempic maker Novo plans another US$4.1 billion US factory
Novo Nordisk plans to invest US$4.1 billion in another US factory, ploughing more money into its biggest market amid rising discontent over the cost of its obesity and diabetes drugs. The project in Clayton, North Carolina, will double the company’s production footprint in the US, adding 1.4 million square feet of space for the final…
Read MoreChina companies seek assurances from Malaysia on avoiding US tariffs: FT
CHINESE executives have been meeting top Malaysian officials to seek assurances they can avoid United States tariffs if they relocate their battery, medical devices and semiconductor manufacturing to the country, the Financial Times (FT) reported on Tuesday (Jun 25). The companies have asked Malaysian ministers and senior government officials to lobby against the US imposing…
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