Leadership
Chinese carmaker Chery to employ 1,250 people at Spanish plant
CHINESE carmaker Chery and its Spanish partner Ebro-EV Motors said on Friday (Apr 19) they expect to create 1,250 jobs and produce 150,000 vehicles a year, mostly electric, at...
Global equity funds see surge in outflows as rate cut hopes fade
GLOBAL equity funds saw a jump in outflows in the seven days through Apr 17 as speculation the US Federal Reserve will delay cutting interest rates dampened investor sentiment.
Outflows...
Global wave of consultancy layoffs has not hit Singapore
LAYOFFS have swept through global consultancy and professional services companies, but the wave has spared Singapore so far, with big players in the Republic noting continued demand for their...
American Express beats profit estimates on strong spending by wealthy customers
AMERICAN Express’s first-quarter profit vaulted past Wall Street estimates on Friday (Apr 19), driven by an affluent customer base that increased spending as recession fears ebbed.
The credit card giant...
Lufthansa evaluates new China routes amid slow recovery in capacity
LUFTHANSA Airlines’ capacity on routes to and from China has returned to 70 per cent of the levels before the Covid-19 pandemic and it is evaluating adding new routes...
Middle East violence heightens market fears of rate hikes, inflation
TO THE higher-ups at the US Federal Reserve, it must feel like a recurring nightmare: an overseas war driving up the price of energy and commodities, just when the...
Tokyo’s Nikkei drops more than 1,000 points, most in 3 years
TOKYO’S key Nikkei index saw its largest drop in more than three years on Friday (Apr 19), following reports that Israel carried out strikes on Iran and after chip...
Oil jumps, equities fall as Iran blasts fan Middle East tensions
OIL prices rallied and equities fell on Friday (Apr 19) as reports said that explosions had been heard in Iran and Syria, fuelling fears of an escalation of the...