Leadership
China’s Geely plans to build cars in Vietnam in US$170 million investment
GEELY Auto is planning to assemble vehicles in Vietnam as part of a series of commitments worth nearly US$170 million to expand production in the South-east Asian country.The Chinese...
Thailand’s car production drops 20.56% y/y in August, federation says
CAR production in Thailand fell 20.56 per cent in August from a year earlier, the Federation of Thai Industries said on Tuesday.
Asia: Hong Kong, Shanghai rally on China stimulus on mixed day for markets
HONG Kong and Shanghai stocks rallied on Tuesday after China unveiled fresh stimulus measures as the country’s leaders struggle to kickstart growth in the world’s number two economy.After a...
Gold prices steady after Fed policymakers back rate cuts
GOLD prices held their ground on Tuesday (Sep 24), after hitting an all-time high in the previous session, following comments by US Federal Reserve officials that backed additional interest...
Cloud firm Snowflake seeks US$2 billion in convertible bonds
SNOWFLAKE is seeking to raise US$2 billion from the sale of convertible bonds. The data analytics provider is offering two tranches of US$1 billion each in a private placement,...
Visa faces Justice Department antitrust case on debit cards
THE US Justice Department plans to allege that Visa illegally monopolised the US debit card market, according to people familiar with the matter.The antitrust division is set to file a...
Oil settles lower on weak euro zone business activity
OIL prices closed lower on Monday as worries about demand were compounded by disappointing euro zone business activity and a weak Chinese economy.Brent crude futures for November settled 59 cents...
Retailer Miniso to buy stake in China’s Yonghui for 6.27 billion yuan
LOW-COST retailer Miniso Group Holding plans to acquire a significant stake in supermarket chain operator Yonghui Superstores for 6.27 billion yuan (S$1.1 billion) to build on its presence in...
