Culture

7-Eleven owner shares surge after reports on takeover tussle
October 7, 2024
SHARES in the Japanese owner of 7-Eleven jumped on Monday after media reports said it was seeking to strengthen its hand in a takeover battle, including selling a stake...
China’s gold reserves unchanged for fifth straight month in September
October 7, 2024
CHINA’S central bank held back on buying gold for its reserves for a fifth straight month in September, official data showed on Monday (Oct 7), mainly due to a...
Hot stock: Qian Hu hits 7-year high after news of leadership changes
October 7, 2024
Kenny Yap is to step down as executive chairman at the end of the year and will be replaced by his nephew, chief executive, Yap Kok ChengSHARES of Qian...
Gold subdued as US jobs data firms bets for smaller rate cut
October 7, 2024
GOLD prices eased on Monday (Oct 7) as bets firmed for a smaller US rate cut after a surprisingly strong jobs report, while market participants awaited inflation data and...
Rio Tinto makes approach for US$3.3 billion Arcadium Lithium
October 7, 2024
RIO Tinto, the world’s second-largest miner, confirmed it has made a non-binding takeover approach for Arcadium Lithium.Rio said there was no certainty that any transaction will be agreed with...
Quebec pension fund says it’s ready to back Couche-Tard in 7-Eleven quest
October 7, 2024
A SENIOR executive at Quebec’s public pension manager said the fund will likely provide financial backing to Alimentation Couche-Tard if it moves ahead with a takeover bid for Seven...
Volkswagen CEO sees threat of retaliatory tariffs from China: report
October 6, 2024
VOLKSWAGEN chief executive officer Oliver Blume hopes for an alternative solution to tariffs on Chinese electric vehicles (EVs) as he braces for potential retaliation from Beijing, Bild am Sonntag...
US FAA authorises SpaceX Falcon 9 vehicle for Monday flight
October 6, 2024
SPACEX’S workhorse Falcon 9 rocket can return to flight for a mission planned for Monday (Oct 7) to launch the European Space Agency’s Hera spacecraft from Florida, the US...
‘Panic buying’ of Chinese stocks weighs on crypto’s most-traded token
October 6, 2024
ONE of the best measures for gauging demand for cryptocurrencies suggests that some Chinese investors are shifting away from digital assets and back to the nation’s surging stock market....
Beng Kuang Marine strips non-core business units, pivots to asset-light model to chart turnaround
October 6, 2024
It has shuttered its ship chartering, hardware distribution and bottled water supply businessesWHEN a live cattle carrier owned by Beng Kuang Marine was detained in Indonesian waters, chief executive...
Wealthy investors head online for private markets products as quality, access improve
October 6, 2024
Lower entry points that make it easier to diversify, greater control over portfolio are some advantages cited SELF-SERVE online investment platforms are gaining traction among the well-heeled, who have...
China stock scepticism gets louder as world-beating run extends
October 6, 2024
The world-beating rally in Chinese stocks is failing to convince many global fund managers and strategists.Invesco, JPMorgan Asset Management, HSBC Global Private Banking and Wealth, and Nomura Holdings are...