Lifestyle
Canada to consider blocking factories in pushback on Chinese EVs
PRIME Minister Justin Trudeau’s government has published options it will consider for deterring Chinese-made electric vehicles (EVs) from accessing the Canadian market, including putting tariffs on imported and blocking...
Corporate lenders are locking down protection against tough times from high rates
LENDERS to risky, debt-laden companies are increasingly demanding protection from financing manoeuvres used to undercut creditors when times get tough.A recent crop of leveraged loans demonstrates investors’ heightened concern...
HSBC curbs hiring, reins in banker travel in cost-cutting push
HSBC Holdings is slowing down hiring and asking investment bankers to rein in their travel and entertainment expenses as outgoing chief executive officer Noel Quinn looks to curb costs...
Asia port snarls spread with ship delays looking to last into August
PORT congestion in some of Asia’s busiest trade hubs may persist into August, as ships diverting away from the region’s most clogged maritime gateways cause bottlenecks at others.Singapore, the...
US FDA warns website over unlawful sale of weight-loss drugs
THE US Food and Drug Administration said on Tuesday (Jul 2) it had warned a website called ozempen.com against unlawfully selling versions of Novo Nordisk’s weight-loss drugs.
Surging demand has...
US Treasury yields boost greenback; yen weakens
RISING US yields supported the dollar on Tuesday (Jul 2), with low-yielding currencies such as Japan’s yen and China’s yuan feeling the pressure ahead of a speech by Federal...
Tesla beats estimates with less-drastic drop in EV sales
TESLA reported its second consecutive drop in quarterly deliveries, despite measures chief executive officer Elon Musk took to stem the decline.
The carmaker said on Tuesday (Jul 2) that it...
US: Wall St opens lower as megacaps retreat with jobs data, Powell in focus
Wall Street’s main indexes opened lower on Tuesday (Jul 2) as megacap stocks retreated after a strong session, with additional caution creeping in ahead of jobs opening data and...
