Lifestyle
Rising mortgage defaults bring more pain to Chinese households
CHASED by debt collectors over a mortgage delinquency in a southern Chinese city, former finance worker Lei Xiaoyu no longer answers her phone as she tries to delay the...
Volkswagen’s 2023 profits rise, outlook for this year cautious
GERMAN auto giant Volkswagen on Wednesday (Mar 13) reported a forecast-beating rise in profits for 2023, boosted by higher vehicle deliveries, but gave a cautious outlook for this year....
Toyota agrees to wage requests as Japan Inc set for big pay bump: report
TOYOTA Motor has agreed to fully meet its union’s request for annual pay increases, the Mainichi newspaper said on Wednesday (Mar 13), as top Japanese companies look likely to...
Seatrium gets SGX nod for 20-to-1 share consolidation
SEATRIUM has received in-principle approval from the Singapore Exchange (SGX) regarding its proposed 20-for-1 share consolidation exercise. This concerns the listing of and quotation for up to 3.4 billion...
Global corporate dividends hit record US$1.66 trillion in 2023
CORPORATE dividends globally hit an all-time high of US$1.66 trillion in 2023, with record payouts by banks making up half of the growth, a report showed on Wednesday (Mar...
Coinbase Global plans to offer US$1 billion in convertible notes
COINBASE Global, the largest US cryptocurrency exchange, said it plans to offer US$1 billion in convertible senior notes to repay existing debt and for general corporate purposes. The notes...
Pentagon scraps plan to spend US$2.5 billion on Intel grant
THE Pentagon pulled out of a plan to spend as much as US$2.5 billion on a chip grant to Intel, sources familiar with the situation said, putting the onus...
Europe: Shares jump to fresh record after US inflation data
EUROPEAN shares closed at a record high on Tuesday (Mar 12), led by automakers and banks, as traders stuck to bets on an interest rate cut by the Federal...
Construction material manufacturers mull green opportunities for growth
AS AWARENESS rises about environmental concerns, building materials companies may be able to benefit by producing greener materials.Peggy Mak, research manager at Phillip Securities Research, noted that while the...
STMicroelectronics CEO says China is a growth market despite US chip war
CHINA remains an important growth market for French-Italian semiconductor STMicroelectronics (STM), despite increasing US-China tensions over semiconductors, the company’s chief executive said on Tuesday (Mar 12). Speaking at a...