Leadership
Temu-parent PDD Holdings beats first-quarter revenue estimates
PDD Holdings beat first-quarter revenue estimates on Wednesday (May 22), powered by its international shopping site Temu and growing consumer interest in its Chinese discount e-commerce platform Pinduoduo.
US Federal Reserve’s rate meeting minutes show growing inflation concerns
A STRONG US economy and an uptick in inflation led the Federal Reserve’s rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its...
Boeing deliveries to China delayed by state regulator review: source
BOEING’s plane deliveries to China have been delayed in recent weeks due to a Chinese regulatory review of batteries related to the cockpit voice recorder, a source familiar with...
US: Stocks dip after Fed minutes point to inflation angst
WALL Street stocks fell on Wednesday following mixed earnings reports as Federal Reserve meeting minutes highlighted inflation worries.Equities spent much of the day essentially flat, but tripped into the red after...
Private markets slow to adopt tokenisation; still seeking clear use-case
BLOCKCHAIN technology was expected to liberalise illiquid, disparate and chunky private-market assets by breaking them into digital tokens; but adoption has been slow.
India central bank’s record dividend to government may reduce fiscal gap
THE board of India’s central bank approved a record surplus transfer of 2.11 trillion rupees (S$34.1 billion) to the government for the fiscal year that ended in March, sharply...
Adnoc to sell about 5.5% additional stake in drilling unit
ABU Dhabi National Oil Company plans to sell a roughly 5.5 per cent stake in its drilling unit, more than two years after it raised US$1.1 billion from an...
Electric vehicle tariffs are a trap, says Stellantis CEO
STELLANTIS expects a major battle with Chinese rivals in the European market for electric vehicles, warning of significant consequences for jobs and production as a result, the group’s chief...
