News

Hong Kong lures investment firms Ardian, Arga seeking expansion
[ad_1] [HONG KONG] Two investment firms are setting up offices in Hong Kong to attract money from the region, the latest sign of renewed financial activity in the city following...
Autos lead market losses after Trump’s latest tariffs salvo
[ad_1] [HONG KONG] A plunge in automakers hit Asian and European equities on Thursday (Mar 27) after Donald Trump announced painful tariffs on all imported vehicles and parts as he...
Nissan’s new CEO says it needs partners and is open to Honda
[ad_1] [TOKYO] Nissan Motor’s incoming chief executive officer said he’s open to pursing a partnership with Honda Motor, the Japanese peer his carmaker tried to combine with before talks broke...
Robinhood, moving beyond meme stocks, now wants to be your bank
[ad_1] [NEW YORK] Robinhood Markets has moved past its meme stock days to become known as the go-to trading platform for retail investors of all stripes – crypto zealots, novice...
Auto industry rocked by Trump’s 25% tariffs on US imports
[ad_1] [DETROIT] US automakers and their global rivals were rocked on Wednesday by President Donald Trump’s announcement that he would impose 25 per cent tariffs on all vehicles and foreign-made...
China banks ramp up bad property loan disposals to boost economy
[ad_1] [NEW YORK] China’s big banks are accelerating a drive to write off soured property loans to clean up their balance sheets as they heed calls by policymakers to back...
Xpeng may add EV output in Europe, Latin America in growth push
[ad_1] [HONG KONG] Chinese electric vehicle (EV) maker Xpeng is looking to ramp up its global expansion, including investing in manufacturing plants and infrastructure, with a focus on large markets...
Trump drives trade war fears with 25% auto tariffs
[ad_1] [WASHINGTON] Asian auto stocks fell on Thursday (Mar 27) after US President Donald Trump unveiled a 25 per cent tariff on imported vehicles, expanding a global trade war and...
US: Stocks slip as auto tariffs approach
[ad_1] [NEW YORK] US stocks veered off course on Wednesday (Mar 26) after the White House said President Donald Trump would announce fresh tariffs on the auto sector after markets...
Opinion: Don’t mourn DFI’s sale of Cold Storage, Giant
[ad_1] While the group has a seemingly formidable portfolio of retailing brands, its shares have delivered a negative total return of 65.8% over the past 10 years[SINGAPORE] Some investors might...
Rivian spins out startup focused on small, lightweight electric vehicles
[ad_1] Rivian, known for its large electric trucks, is setting its sights on small and lightweight vehicles. The Irvine-based automaker said Wednesday it’s spinning out its micromobility business into a...
China bubble tea chain Mixue profits spike 40% in 2024
[ad_1] [HONG KONG] Chinese bubble tea and drinks firm, Mixue Group, which has surpassed McDonald’s and Starbucks in store count to become the world’s largest food and beverage chain, reported...