Leadership
Battery maker LG Energy profit declines as global EV sales slump
THE global slowdown in electric vehicle (EV) sales has hit LG Energy Solution, with the Korean battery maker’s third-quarter profit falling almost 40 per cent.Operating profit for three months...
China’s WuXi AppTec to raise US$500 million in convertible bond sale as US restrictions loom
CHINA’S WuXi AppTec will raise US$500 million in a convertible bond sale, according to a regulatory filing on Tuesday (Oct 8), a month after the US passed rules to...
Singapore shares open higher on Tuesday; STI up 0.1%
SINGAPORE shares began Tuesday (Oct 8) in positive territory after US equities fell overnight.As at 9.01 am, the Straits Times Index (STI) was up 0.1 per cent or 4.22...
Stocks to watch: Silverlake Axis, OUE Healthcare
THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 8): Silverlake Axis: The enterprise technology company lost its free float as less...
Saudi Arabia’s PIF to take 40% share in Selfridges stores
SAUDI Arabia’s Public Investment Fund (PIF) is set to become a minority partner in department store chain Selfridges after buying out the position of the now-insolvent Signa Group.The PIF...
Bank of Korea eyes first policy pivot in years on signs of cooling property
THE Bank of Korea (BOK) is expected this week to conduct a long-awaited policy pivot, joining global peers in embarking on an easing cycle after the housing market showed...
Interest rate cuts, end of remote work could make office S-Reits the ‘dark horses’ of 2025
SINGAPORE-LISTED office real estate investment trusts (S-Reits) have the potential to be the “dark horses” on the local bourse next year as they are more sensitive to interest rate...
EU backing for China EV tariffs shows Berlin’s waning influence
GERMAN Chancellor Olaf Scholz’s rejection of EU tariffs on Chinese electric vehicles failed to stop fellow European Union members voting in favour, exposing how a divided Berlin is struggling...
