Leadership
Saudi fund trims Nintendo stake after saying it wants more
Its ownership in the company falls to 7.54% from 8.58%, a filing to Japan’s finance ministry showsSAUDI Arabia’s sovereign wealth fund has disclosed that it sold down its stake...
Yuan drags Asian currencies as China’s spending plans disappoint
CHINA’S onshore yuan had its worst day in more than a year after a week-long break, fuelling a broader weakening among Asian currencies as traders rolled back bets on...
Malaysia hopes EU legislators will be more accommodating on sustainable policies
MALAYSIA said on Tuesday (Oct 8) that it hopes European lawmakers will be “more accommodative” on sustainable policies, following a European Commission proposal to delay the implementation of a...
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...
