Real Estate
China sees room to lower reserve requirement ratio, PBOC official says
The average RRR for financial institutions is around 7% at present, “so there is some room,” says officialChina still sees some room to lower the amount of cash banks...
Volvo Cars looks to Nvidia-powered software, ‘megacastings’ for future EVs
VOLVO Cars will use a single software system backed by powerful chips from Nvidia for all future models and will rely on “megacastings” to cut costs for electric cars,...
BYD’s global expansion push runs into stiff Japan test
BYD is rolling out electric-vehicle (EV) charging stations and ramping up marketing and customer incentives in Japan, aiming to boost sales in a market that has become a stumbling...
Asia: Markets rebound from sell-off but US data keeps traders wary
ASIAN markets bounced on Thursday after the turmoil of the previous day as traders assess the outlook for US interest rate cuts after another set of below-par data put...
Gold struggles for momentum as investors focus on US jobs data
GOLD prices were little changed on Thursday (Sep 5) as investors stayed away from making big bets ahead of US payrolls data that could provide further clues on the...
Singapore’s holidaymakers toast strongest dollar in a decade
IT’S been more than a decade since Singapore’s dollar was last this strong against its US counterpart, and the effects are being felt by everyone from importers and exporters...
Philadelphia Fed says it is looking for Harker successor
THE Federal Reserve Bank of Philadelphia said on Wednesday it is launching a search to replace its current leader, Patrick Harker, who will retire next summer.“We will run an open...
