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China’s Ant Group appoints new president in biggest reshuffle since regulatory revamp
HAN Xinyi will become president of China’s Ant Group and some units of the financial technology company will set up their own boards of directors to operate more independently,...
Bitcoin retreats as Grayscale ETF posts biggest daily outflow
BITCOIN extended a retreat as investors digested a record daily outflow from the world’s biggest exchange-traded fund (ETF) for the token as well as scaled-back expectations for US Federal...
US dollar poised for biggest weekly gain since mid-January
THE US dollar rose to a more than one-week high on Friday (Mar 15) after a mixed batch of data showed the US economy remained stable with small pockets...
Toyota agrees to biggest wage hike in 25 years in sign of Japan Inc’s big pay bump
TOYOTA Motor agreed to give factory workers their biggest pay increase in 25 years on Wednesday (Mar 13), heightening expectations that bumper pay raises will give the central bank...
Tech stocks see biggest weekly outflow on record, BofA says
INVESTORS dumped technology stocks at the fastest rate on record and continued to pour money into investment grade bonds and cash equivalents in the week to Wednesday (Mar 6),...
Apple’s 10 biggest challenges, from AI to China
APPLE, once the undisputed king of the technology world, is now under attack on many fronts. Chinese demand for its products is cooling. The company’s money-spinning App Store is...
World’s biggest palm oil exchange to launch soyoil futures
BURSA Malaysia Derivatives Exchange (BMD), the world’s leading exchange for crude palm oil futures, will launch a soyoil futures contract on Mar 18 to facilitate arbitrage between soyoil and...
IM Motors raises US$1.1 billion in one of China EV brands’ biggest recent deals
IM MOTORS, a premium electric vehicle brand of state-owned Chinese automaker SAIC, said on Friday (Mar 1) it has raised more than US$1.1 billion to work on new smart...
