Lifestyle
VW’s China partner sees revenue shortfall as price war continues
CHINESE electric car maker Xpeng forecasted third-quarter revenue that will miss analysts’ estimates, as the company feels the impact of a continued price war in its home market.While the...
Microchip Technology says certain operations disrupted by cyber incident
MICROCHIP Technology said on Tuesday (Aug 20) that an “unauthorised party” disrupted the company’s use of certain servers and some business operations, marking the latest security incident at a...
Solar panel imports to US hit record high before Biden’s tariff waiver ended
SOLAR panel imports to the US from South-east Asia surged to an all-time high in the second quarter as manufacturers raced to lock in supply before expanded tariffs took...
US dollar hits 7-month low before Powell, Swedish krona volatile after rate cut
THE US dollar hit a fresh seven-month low on Tuesday (Aug 20) with traders bracing for comments from Federal Reserve chair Jerome Powell due on Friday, which could provide...
StarHub broadband service restored after outage on Tuesday
STARHUB broadband customers experienced an outage which disrupted their access to the Internet just before 8 pm on Tuesday (Aug 20), but the telco announced at 9.15 pm that...
TSMC breaks ground on 10 billion euros German plant in chip war salvo
TAIWAN Semiconductor Manufacturing Co (TSMC) broke ground in eastern Germany on its first European plant as the continent seeks to safeguard its chip supplies amid growing US-China tensions.
“We are...
Market bullish ahead of inflation data, Powell’s speech; STI up 0.4% on Tuesday
SINGAPORE stocks extended rally on Tuesday (Aug 20) as investors await eagerly the Republic’s July inflation data and Federal Reserve chair Jerome Powell’s keynote speech. The Straits Times Index...
HSBC said to explore sale of South Africa units to focus on Asia
HSBC Holdings is weighing a sale of its South African businesses as the lender focuses on Asian markets, according to people with knowledge of the matter.
The South African branch...
