Oil investors to usher in 2024 amid oversupply, demand concerns
SINGAPORE/NEW YORK/LONDON : Oil investors will usher in 2024 with gnawing concerns about oversupply, slowing economic growth and simmering Middle East tension that could spark...
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South Korea to provide $29 billion to support battery industry over 5 years
[caption id="attachment_19330" align="alignright" width="491"] [/caption] SEOUL : South Korea will provide 38 trillion won ($29 billion) in financing to strengthen its battery industry over the...
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Oil holds soft tone on oversupply concerns, markets await Fed
BEIJING : Oil prices consolidated losses on Wednesday in Asian trade, after falling by more than 3 per cent to six-month lows in the previous...
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Yen soars, Nikkei slides as rate hikes loom over Japan
SINGAPORE : Japanese markets were reeling on Friday, with the Nikkei heading for its biggest weekly drop since October, bonds battered and the yen surging...
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Chinese developer Shimao trades flat after issuing plan to revamp offshore debt
HONG KONG : Shares in Chinese property developer Shimao Group were flat on Friday after it issued a restructuring plan to reduce up to $7...
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China’s exports slump seen slowing as pockets of demand emerge- Reuters poll
[caption id="attachment_19301" align="aligncenter" width="800"] An aerial view shows cars for export at a port in Yantai, Shandong province, China May 3, 2023. China Daily via...
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Toyota halts some Tianjin operations after report of weak sales
SHENZHEN: Toyota Motor has halted production on some ageing lines at a joint venture in China while operations continue as normal, the Japanese automaker said...
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Lotus Tech secures $870 million ahead of deal completion with L Catterton SPAC
[caption id="attachment_19259" align="alignnone" width="2560"] FILE PHOTO: A car is displayed on a rooftop as British sports car maker Lotus unveils its new fully electric "Emeya"...
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CBS’ Late Show host Stephen Colbert recovering from ruptured appendix
Production of The Late Show With Stephen Colbert was canceled this week as the top-rated US late-night television host recovers from surgery. Production of The...
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Hong Kong October home prices drop to lowest since March 2017
HONG KONG: Hong Kong private home prices extended a fall in October, dipping to their lowest since March 2017, official data showed on Tuesday, weighed...