Leadership
Bank Indonesia says it’s ready to intervene after rupiah slump
INDONESIA’S central bank said it’s ready to step in to support the rupiah that’s in its longest losing streak since 2023.Bank Indonesia (BI) is prepared to intervene in the...
China’s gold reserves unchanged for fifth straight month in September
CHINA’S central bank held back on buying gold for its reserves for a fifth straight month in September, official data showed on Monday (Oct 7), mainly due to a...
Samsung’s profit recovery seen weakening in Q3
SAMSUNG Electronics is expected to flag more than a four-fold jump in quarterly profit on Tuesday (Oct 8) on improving demand for chips, but the pace of its recovery...
Singapore shares open higher on Monday; STI up 0.6%
SINGAPORE stocks began Monday (Oct 7) trading in positive territory, mirroring weekend gains in overseas markets. As at 9.01 am, the Straits Times Index (STI) rose 0.6 per cent or...
Rio Tinto makes approach for US$3.3 billion Arcadium Lithium
RIO Tinto, the world’s second-largest miner, confirmed it has made a non-binding takeover approach for Arcadium Lithium.Rio said there was no certainty that any transaction will be agreed with...
Quebec pension fund says it’s ready to back Couche-Tard in 7-Eleven quest
A SENIOR executive at Quebec’s public pension manager said the fund will likely provide financial backing to Alimentation Couche-Tard if it moves ahead with a takeover bid for Seven...
Volkswagen CEO sees threat of retaliatory tariffs from China: report
VOLKSWAGEN chief executive officer Oliver Blume hopes for an alternative solution to tariffs on Chinese electric vehicles (EVs) as he braces for potential retaliation from Beijing, Bild am Sonntag...
Beng Kuang Marine strips non-core business units, pivots to asset-light model to chart turnaround
It has shuttered its ship chartering, hardware distribution and bottled water supply businessesWHEN a live cattle carrier owned by Beng Kuang Marine was detained in Indonesian waters, chief executive...
