Lifestyle
Battery maker LG Energy’s profit sinks on global EV slowdown
BATTERY maker LG Energy Solution’s second-quarter profit missed analyst estimates, as sales of electric vehicles (EVs) continued to slow. Operating profit for three months ended Jun 30 dropped 58...
China’s central bank takes more control over rates by adding temporary repos
CHINA’S central bank will conduct temporary bond repurchase or reverse repurchase operations in the afternoon, in addition to its traditional morning operations, tightening its control over short-term interest rates.The...
Oil little changed as investors eye impact of storm Beryl on Texas
OIL prices were little changed as investors eyed energy supply disruption, with the largest ports in Texas shut before Tropical Storm Beryl likely strengthens into a hurricane and makes...
Hawkish RBNZ seen unswayed by signs of deepening economic slump
NEW Zealand’s central bank will likely reiterate this week that interest rates need to stay high for a sustained period, even as households hunker down amid signs of a...
Singtel CEO’s lower pay belies turnaround, while SIA CEO’s higher pay may reflect peaking profits
Singtel is revitalising its core businesses and unlocking value while SIA has made the most of the pandemic-era shareholder support it receivedThe chief executives of Singtel and Singapore Airlines...
Chinese EV maker BYD to acquire 20% stake in Thai distributor
Chinese electric vehicle maker BYD will acquire a 20 per cent stake in its Thai official distributor Rever Automotive after opening its first manufacturing plant in the South-east Asian...
Gold hits highest since May after cooling US employment data
Gold jumped to a six-week high after US hiring data pointed to a gradual cooling in the labour market that bolstered expectations for lower interest rates in the coming...
Oil settles 1% lower as Mideast ceasefire talks ease supply disruption concerns
OIL prices settled lower on Friday (Jul 5) as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf...
