Lifestyle
XPeng projects lower-than-expected Q3 revenue on stiff competition
CHINESE firm XPeng forecast third-quarter revenue below expectations and missed June-quarter sales estimates on Tuesday (Aug 20), hurt by stiff competition and a drop in demand for its ageing...
DBS launches 500 million yuan green loan facility to develop wind turbine farm in China
It is the first South-east Asian bank to tap the People’s Bank of China’s carbon emission reduction facility programmeDBS, in a tie-up with wind turbine provider Envision Energy, on...
China’s PBOC dials back support for yuan as currency steadies
CHINA’S central bank set its daily reference rate for the yuan broadly in line with expectations for the first time in more than a year, a sign it’s loosening...
7-Eleven deal talk reflects allure of Japan’s convenience stores
ANYONE who’s stepped into a 7-Eleven in Japan to grab a quick snack or withdraw cash from the ATM will understand why Alimentation Couche-Tard Inc. would want to pay...
Gold takes breather after record run as investors brace for Fed minutes
GOLD took a breather on Wednesday (Aug 21) after hitting an all-time high in the previous session on US rate-cut optimism, as investors awaited minutes of the Federal Reserve’s...
Stocks to watch: Sats, Keppel, Sembcorp, Food Empire
THE following companies saw new developments that may affect trading of their securities on Wednesday (Aug 21):
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...
