Culture
Shipping shares in Asia tumble after US dockworkers pause strike
SHIPPING stocks across Asia slumped after dockworkers at US East and Gulf coast ports agreed to suspend their strike, curbing expectations container rates will increase due to reduced supply.Japan’s...
Blackstone spies US$30 trillion opportunity in private credit
BLACKSTONE expects the private credit market to balloon to US$30 trillion in size, fuelled by lending for infrastructure projects and greater participation from pension funds.“The opportunity set to finance...
Ong Beng Seng’s Hotel Properties halts trading ahead of charges
HOTEL Properties Limited requested a trading halt before the market opened on Friday (Oct 4) pending the release of an announcement as its managing director, Ong Beng Seng, is...
Ong Beng Seng remains as managing director of Hotel Properties after being charged
HOTEL Properties Ltd (HPL), which requested a trading halt before the market opened on Friday (Oct 4), announced after managing director Ong Beng Seng was charged that he “continues...
Carmakers dangle £2 billion in EV discounts to boost UK sales
CARMAKERS are on course to offer at least £2 billion (S$3.4 billion) in electric vehicle (EV) discounts this year and still fall short of the UK government’s sales mandate,...
US port workers and operators reach deal to end East Coast strike immediately
US DOCK workers and port operators have reached a tentative deal that will immediately end a crippling three-day strike that has shut down shipping on the US East Coast...
China’s stock boom may turn to bust as in 2015, Nomura warns
INVESTORS should brace for the biggest stock rally in China in 16 years to turn to bust, with the economy on a much weaker footing than before the pandemic,...
Cisco nears investment in CoreWeave at US$23 billion valuation
CISCO Systems agreed to invest in CoreWeave, a cloud-computing provider that’s among the hottest startups in artificial intelligence (AI), as part of a transaction that values the company at...
US retailers look to back-up shipping plans to prep for holidays as strike continues
MAJOR retailers from Levi Strauss to Costco are preparing alternative shipping plans to ensure goods arrive in time for the peak holiday season as the US East Coast and...
Tesla recalls over 27,000 Cybertrucks in fifth callback this year
TESLA said on Thursday (Oct 3) it would recall more than 27,000 Cybertrucks in the United States due to delayed rear-view camera images that could impair driver visibility and...
