News
Tesla’s China shipments rise at start of busy sales season
[ad_1] The carmaker shipped 90,812 units from the plant last month, up 2.8% from a year earlierSHIPMENTS from Tesla’s Shanghai factory increased in September as China’s car market kicks off...
China’s state banks ramp up US dollar buying to stabilise renminbi: sources
[ad_1] The combined actions of the lenders mark a reversal from last year’s efforts to defend the weakening renminbi[SHANGHAI/BEIJING] China’s major state-owned banks ramped up US dollar buying in the...
Tata Consultancy Services slashes 19,755 jobs in biggest workforce cut amid AI, US strains
[ad_1] [MUMBAI] Tata Consultancy Services (TCS) made its steepest-ever job cuts as strained ties with the US and a rapid shift towards artificial intelligence reshape the country’s US$280 billion IT...
ComfortDelGro’s quiet tech play and why it’s not sweating GrabCab
[ad_1] Grab says it won’t poach rival drivers, but its entry may intensify Singapore’s tight market[SINGAPORE] Within just a decade, Grab has gone full circle from an entrant challenging incumbent...
AI jobs shock is coming and firms aren’t ready: Klarna CEO
[ad_1] The CEO sees the AI boom spelling the end to what he calls “excess profits” in both the banking and software industries[LONDON] From technology firms to translators, the world...
Thailand’s Delta shares set to drop as exchange imposes curbs
[ad_1] The stock has more than tripled in price from its April low, boosted by optimism over its role as maker of components for artificial-intelligence data centres[BANGKOK] Shares of Delta...
Vingroup seeks US$500 million private credit for EV charging ports
[ad_1] China dominates the global public charging market with over 850,000 installations last year, more than double the installations in the rest of the world[HANOI] Vietnamese conglomerate Vingroup is seeking...
Top Glove shares end flat after 7.3% surge in intra-day trade on return to full-year profitability
[ad_1] The group attributes its improved performance to the higher demand for gloves and its cost efficiency[SINGAPORE] Shares of Top Glove soared on Friday (Oct 10) morning after the Malaysian...
Private capital roars back in Q2 with strongest returns since 2021: MSCI
[ad_1] Across the board, every major private asset class records an improvement on the Q1 return[SINGAPORE] Private markets delivered their strongest aggregate returns since 2021 in the second quarter of...
Gold poised for eighth weekly rise on firm safe-haven demand
[ad_1] The non-yielding asset, traditionally considered a hedge during geopolitical and economic uncertainty, has gained about 52% this year[BENGALURU] Gold edged higher on Friday (Oct 10) and headed for its...
