Leadership
China’s central bank uses hedge fund tactic to tame bond bulls
CHINA’S central bank is readying a bold new experiment in global monetary policy – taking a leaf out of the hedge fund playbook and arranging to short-sell bonds.As President...
Adidas hikes 2024 earnings guidance after second-quarter beat
GERMAN sportswear maker Adidas is increasing its full-year earnings guidance after a better than expected second quarter, it said on Tuesday (Jul 16), in its second upgrade this year.The...
EU may cut China EV import tariffs for Volkswagen and BMW: sources
THE European Commission has signalled to Volkswagen and BMW that it may consider lowering tariffs on the two carmakers’ imports of China-made EVs, two sources with knowledge of the...
Swiss luxury watch market succumbs to a brutal China-led slump
SALES of Swiss-made luxury watches are in sharp retreat as nervous consumers reconsider splashing out on expensive timepieces and demand slumps in one of the industry’s key markets.
Fresh numbers...
Japan aims to raise jet fuel production, imports to ease crunch
JAPAN plans to increase the production and import of jet fuel in an effort to ease an ongoing shortage that has hampered the operations of foreign airlines in the...
Jardine Cycle & Carriage appoints John Witt as new chairman
Witt will succeed Benjamin Keswick, who will be retiring after over 12 years in the roleJARDINE Cycle & Carriage (Jardine C&C) has appointed John Witt as its new chairman,...
Grab’s deal to buy Singapore taxi firm might lessen competition, regulator says
Nasdaq-listed ride hailing company Grab’s deal to buy Singapore’s private taxi firm Trans-cab Holdings is likely to result in substantial lessening of competition in the local market, the city-state’s...
Rolex, Patek watch prices fall even further behind equities
PRICES for the most sought-after luxury watches slipped on the secondary market again last month, extending a two-year decline as investors turn elsewhere after a pandemic-era rally fizzled.
The Bloomberg...
