Lifestyle
UBS CEO says Switzerland should not ‘overshoot’ with capital demands
UBS CEO Sergio Ermotti said on Monday (May 13) that criticism that the bank had become too big for Switzerland and that it needed to set aside more capital...
Sanofi invests 1 billion euros in French drug manufacturing
Sanofi will invest more than 1 billion euros (S$1.45 billion) at three facilities in France as it ramps up production in its home country. The drugmaker will spend most of...
Xiaomi moves ahead with Tesla-like SUV as first EV hits goals
Xiaomi Corp aims to begin making and selling a sport utility vehicle similar to Tesla’s Model Y as early as 2025, embarking on a major new expansion with production...
India’s Tata Motors sinks most in 2 years on JLR margin concerns, demand worries
India’s Tata Motors’ shares fell 8 per cent on Monday (May 13), their biggest slide in more than two years, over concerns of muted margin growth at its Jaguar...
ByteDance shelves sale of Moonton game studio, picks new chief
BYTEDANCE plans to install a new chief at subsidiary Shanghai Moonton Technology, after abandoning a plan to sell the most valuable gaming asset it had acquired to challenge Tencent...
SoftBank swings to Q4 profit in sign of comeback gaining steam
Japanese technology giant SoftBank Group swung to a quarterly profit on Monday (May 13) from a year earlier, reporting a net profit of 328.9 billion yen (S$2.85 billion) for...
Amazon to invest US$1.3 billion in France, create 3,000 jobs
Amazon said on Monday (May 13) it would invest more than US$1.3 billion in its French operations and create more than 3,000 permanent jobs in the country.The French presidency...
BlackRock warns weak yen deters foreigners from Japan stocks
THE yen’s weakness is turning foreign investors away from Japanese stocks.The Nikkei 225 Stock Average has jumped 14 per cent this year, outperforming its global peers. But for US...
