Culture
Nissan to buy back 79.9 billion yen in shares in Renault realignment
NISSAN Motor will buy back 79.9 billion yen (S$711 million) worth of its shares from Renault, part of an agreement to rebalance its alliance with the French carmaker.The Japanese...
Singapore stocks end flat as action switches to North Asian markets; STI down 0.03%
THE Straits Times Index (STI) ended flat on Thursday (Sep 26), bucking North Asian indices which registered strong gains.The STI was down 0.03 per cent or 1.04 points at...
LG Display to sell stake in its Chinese LCD plant to TCL CSOT for 10.8 billion yuan
SOUTH Korea’s LG Display said on Thursday (Sep 26) it had agreed to sell its stake in its large liquid crystal display (LCD) plant in Guangzhou, China, to TCL’s...
Thames Water hit by more rating agency downgrades as cash crunch looms
If a majority of its creditors cannot agree on releasing reserves early, the company could come to a standstill at the end of DecemberTHAMES Water’s debt was further downgraded...
Swiss central bank lowers rates and flags further cuts as inflation eases
THE Swiss National Bank reduced interest rates by 25 basis points on Thursday (Sep 26), echoing steps to lower borrowing costs by the European Central Bank and US Federal...
✂️ Time to buy more stocks? Lessons from past Fed cuts
📚 Interest rate theoriesAfter a brief calm in the markets, last week came a burst of activity. Stock markets surged, with some breaking new records. Bitcoin rallied. US companies...
Saudi Aramco raises US$3 billion from second debt sale since July
State oil giant Saudi Aramco has raised US$3 billion from two-part Islamic bonds, or sukuk, tapping the debt markets for the second time this year as it expects to...
T-bill cut-off yield falls to 2.97% in first auction after Fed announces rate cut
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 2.97 per cent in the first auction after the US Federal Reserve announced it was cutting rates...
Qantas deceived almost one million passengers with fake flights
QANTAS Airways’s ghost-flight scandal misled almost one million customers booked on tens of thousands of non-existent services, according to court documents that reveal the scale of the misconduct and...
South Korean battery maker SK On to cut workforce amid challenging EV market
SOUTH Korean battery maker SK On said on Thursday (Sep 26) that it plans to introduce voluntary measures aimed at reducing its workforce, as the company seeks to improve...
