Moves
Boost market-making, broaden indices with bold moves, not incremental steps
THE Straits Times Index (STI) touched a 17-year high on Monday (Sep 23), hitting 3,638.54 points in intraday trading. Securities trading volume has been healthy lately, led by inflows...
US moves to bar Chinese, Russian tech from connected vehicles
The US Commerce Department moved on Monday (Sep 23) to ban the sale of connected vehicles incorporating Chinese and Russian technology, citing national security risks.The proposed rule is part...
BYD moves to full control of Mercedes-Benz venture in China
CHINESE automaker BYD has moved to fully control a joint venture it had in China with Mercedes-Benz Group, as an increasing number of foreign carmakers dial back their exposure...
US: Wall Street opens higher as focus moves to inflation data
Wall Street’s main indexes opened higher on Tuesday (Sep 10) ahead of key inflation data later this week that could firm up bets on the size of the interest...
Brazil watchdog moves to block access to Elon Musk’s X after court order
BRAZIL’S telecommunications regulator said on Friday (Aug 30) it was suspending access to Elon Musk’s X social network in the country to comply with an order from a judge...
Thai investigation into BYD EV discounts moves ahead despite cashback offer
A THAI investigation into discounts from China’s BYD will continue despite a cashback programme from its distributor in response to backlash from consumers who felt they overpaid for their...
Ping An Bank moves Shanghai staff to Shenzhen to cut costs
PING An Bank is relocating more than 100 staff based in Shanghai to its Shenzhen home base to cut costs as China’s banking industry struggles with profitability.The lender last...
Japan will remain vigilant to forex moves, finance minister says
JAPANESE authorities will remain vigilant to currency market moves, finance minister Shunichi Suzuki said on Tuesday (Jul 2), as the yen continued its downturn to fresh 38-year lows.Speaking in...
