Real Estate
Volkswagen cuts forecast on Audi plant closure, additional expenses
VOLKSWAGEN (VW) lowered its margin outlook for the year, citing costs related to a potential Audi plant closure in Belgium after disappointing demand for some electric vehicles (EVs) and...
US dollar gains as Fed’s Powell cautious on rate cuts
THE US dollar gained on Tuesday (Jul 9) after Federal Reserve chair Jerome Powell acknowledged progress in inflation, but did not give a clear signal that the US central...
Positive H2 seen for Chinese stocks as Internet and platform companies drive growth: Bank of Singapore
CHINESE equities are expected to be supported by corporate earnings recovery in the second half of 2024 as macroeconomic conditions recover, the Bank of Singapore (BOS) said in its...
Disney to add new ship in Tokyo to expanding cruise business
WALT Disney unveiled plans on Tuesday (Jul 9) to launch a new cruise ship that will set sail from Tokyo starting in fiscal 2028, adding a ninth vessel to...
Singapore container ship logjam spills over to Malaysian port
The maritime logjam is caused by ships avoiding the Suez Canal and Red Sea due to attacks by Houthi rebelsContainer ship congestion in Singapore, one of Asia’s busiest ports,...
Temasek returns to black with one-year total shareholder return of 1.6% for FY2024
TEMASEK turned in a one-year total shareholder return (TSR) of 1.6 per cent for the financial year ended March 31, reversing the previous year’s negative showing. However, the recovery...
Net-zero goals: Talk is cheap if Singapore corporates lack a road map
A SIZEABLE number of Singapore companies want to hit net-zero emissions by 2050. But such talk is empty if not accompanied by realistic strategies, with real accountability if companies...
Honda to end vehicle production at one of its Thai auto plants
HONDA Motor will halt vehicle production at its factory in Ayutthaya province in Thailand by 2025 as it plans to consolidate its output under the plant it runs in...
