Lifestyle
Ericsson to book 11.4 billion Swedish crowns impairment on weaker outlook for Vonage
MOBILE telecoms equipment maker Ericsson said on Wednesday (Jul 3) it will record a non-cash impairment charge of 11.4 billion Swedish crowns (S$1.5 billion) in the second quarter of...
PBOC taps China’s state banks for bond borrowings to curb rally
THE People’s Bank of China (PBOC) tapped two of the country’s biggest banks for its plan to borrow government bonds, a potential step towards cooling a market rally, according...
Chinese EVs defend market share in Europe as trade tension escalates
CHINESE electric-car brands held on to their share of the slumping European electric vehicle (EV) market in May, ahead of new tariffs designed to protect local carmakers from their...
Jensen Huang cashes in on Nvidia’s rally with US$169 million share sale
NVIDIA chief executive officer Jensen Huang unloaded shares worth nearly US$169 million in June, the most he’s netted in a single month, as the insatiable demand for the chips...
Foes of California’s electric car targets take their case to US Supreme Court
OPPONENTS of California’s ambitious targets for electric car adoption to lower greenhouse gas emissions took their case to the US Supreme Court this week, the latest salvo against the...
Amazon to wind down its Astro for Business security robot
AMAZON.COM said on Wednesday (Jul 3) it would discontinue its security robot, Astro for Business, for small- and medium-sized businesses as it shifts its focus to household robots.The e-commerce...
Europe: Shares rise as Fed rate cut bets firm; focus on elections
EUROPEAN shares rose on Wednesday, as dovish comments from Federal Reserve Chair Jerome Powell and fresh US economic data firmed rate cut expectations, while investors awaited the second round of...
Investor interest in F&N, FPL could be shaped by aftermath of OCBC’s offer for Great Eastern
Fraser and Neave, Frasers Property have seen the market value of their shares languishTHE manner in which the looming trading suspension of Great Eastern is resolved could shape the...
