Lifestyle
China asks state companies to add 60 million barrels of oil to reserves
CHINA has asked its state oil companies to add 8 million tonnes, or nearly 60 million barrels, of crude oil to the country’s emergency stockpiles to boost supply security,...
Barclays to sell German consumer finance business
BARCLAYS is selling its German consumer finance business to Austrian bank BAWAG Group for a small premium to net assets, it said on Thursday (Jul 4).This comes amid the...
Tesla cars for first time on Chinese government purchase list
TESLA’S best-selling Model Y was included in a list of electric and plug-in hybrid models that a local government in China can purchase as a service car, according to...
Frasers Hospitality eyes 20 openings over next four years
FRASERS Hospitality is aiming to add 20 properties to its portfolio over the next four years as it continues to ride on the post-pandemic recovery trajectory. On Thursday (Jul...
Bitcoin drops on US politics drama, risk of Mt Gox-linked sales
A THIRD-STRAIGHT daily slide in Bitcoin took the digital asset close to levels last seen in February amid challenges including US political drama and the potential for disposals by...
Australian dollar hovers near six-month high on US rate outlook
THE Australian dollar stood tall near a six-month high on Thursday, after cracking major resistance levels overnight as soft US economic data fanned hopes of a September rate cut,...
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...
