Leadership
Asia: Yen weakens further to put focus on Tokyo, Asian equities rise
THE yen extended losses to a fresh 38-year low on Friday (Jun 28), putting investors on guard for a possible intervention by Japanese authorities ahead of the release of...
Tencent rides hit game for China’s biggest gain in market value
A HOT new online game is refuelling investor optimism for Tencent Holdings, driving China’s biggest stock boost of 2024.Its shares have rallied 28 per cent so far this year...
Japan’s benchmark Topix stock index is heading for 1990 high
JAPAN’S Topix index is on course to regain its 34-year high as the equity benchmark finds support from financial stocks that benefit from higher interest rates, and as more...
Singapore shares dip at Friday’s open; STI down 0.1%
SINGAPORE stocks began trading in negative territory on Friday (Jun 28) after global markets ended on a muted note.As at 9.01 am, the Straits Times Index (STI) slid 2.48 points...
Tata Steel warns UK furnace shutdown may start earlier than planned
TATA Steel could take steps to pause or stop some blast furnace operations earlier than planned at its plant in Port Talbot, Wales, while it challenges the legal basis...
Elon Musk won US$56 billion payday because of vote, Tesla argues in court
TESLA is claiming Elon Musk won his legal battle over his US$56 billion pay package because shareholders voted for the compensation, despite a judge rescinding it earlier this year,...
Nokia to buy networking company Infinera in US$2.3 billion deal
NOKIA has agreed to acquire Infinera Corp. in a transaction valuing the maker of optical telecommunications equipment at US$2.3 billion including debt.The cash-and-stock deal will value Infinera at US$6.65...
Rivian says lower-cost second generation EVs to help in push for profitability
MATERIAL cost of Rivian’s second-generation R1 electric SUVs and pickups will be 20 per cent lower than the current version, CEO RJ Scaringe said on Thursday (Jun 27), after...
