Leadership
Troubled electric vehicle maker Fisker files for bankruptcy
ELECTRIC vehicle (EV) startup Fisker has filed for bankruptcy after discussions with a major automaker about an investment ended without a deal.Fisker listed assets of between US$500 million and...
Toyota shareholders re-elect chairman but question governance
AKIO Toyoda was reappointed as Toyota Motor’s chairman at its annual meeting, but the Japanese carmaker faced tough questions from shareholders over governance and an ongoing probe of vehicle...
Asia: Markets rise with Wall Street as traders eye latest US data
ASIAN equities rallied on Tuesday, tracking another tech-driven record on Wall Street, while investors awaited fresh US economic data to get a better handle on the outlook for inflation.With...
Bank of Japan may raise rates in July depending on data, says Governor Ueda
BANK of Japan Governor Kazuo Ueda said on Tuesday the central bank could raise interest rates next month, depending on economic and price data available at the time.“Our decision...
Singapore stocks open higher on Tuesday; STI up 0.2%
SINGAPORE stocks opened stronger on Tuesday (Jun 18) following overnight gains on global markets.The Straits Times Index (STI) rose 0.2 per cent or 6.22 points to 3,303.77 as at...
Trafigura agrees to pay US$55 million to settle CFTC charges
A UNIT of global commodities trader Trafigura has agreed to pay a US$55 million civil fine to settle US Commodity Futures Trading Commission (CFTC) charges of fraud, manipulation and...
Hyundai Motor shares hit record high as investors bet on India IPO
HYUNDAI Motor’s shares hit a record high as investors bet on the South Korean automaker’s plan to list its India unit in Mumbai, which would help Hyundai Motor boost...
YouTube tests context ‘notes’ feature for videos
ALPHABET’S YouTube will soon allow users to add ‘notes’ that will provide context on some of its videos as part of a new feature that will be initially rolled...
Asian gold buying spree burnishing Singapore’s status as precious metals hub
SINGAPORE’S proximity to emerging gold markets in Asia as well as its political and financial stability amid global macroeconomic uncertainties are spurring its ambitions to become a regional gold...
Sabana Reit denies allegations that bond issuance is ‘highly abnormal’ or ‘impedes internalisation’
THE manager of Sabana Industrial Real Estate Investment Trust (Sabana Reit) has denied allegations that the upcoming issuance of its sustainability-linked bond puts the trust in “financial jeopardy”, nor...