Exclusive-Nissan shelves development of electric Qashqai in cost-cutting drive
TOKYO, June 23 : Nissan has stopped work on an electric version of its top-selling model in Europe, six sources with knowledge of the matter said, as the Japanese automaker trims its lineup and cuts costs.The move to quietly halt development of a fully electric Qashqai comes as traditional rivals an ...
Baht drops to one-year low on expectations of rate gap with US
It weakened as much as 0.5 per cent to 33.09 per dollar, the lowest since May 2025
Indian startup head Kunal Shah appointed as new WhatsApp boss
MUMBAI: Meta has tapped Indian fintech founder Kunal Shah as the new head of WhatsApp, as the US tech giant seeks ways to monetise the messaging app's massive user base.The announcement, made Monday night (Jun 22), was accompanied by news that Meta would also lead a
Lazada cuts about 5% of workforce, a sign of maturing e-commerce sector in S-E Asia
Benjamin Cher - The layoffs are not due to any AI initiatives, BT understands
Lazada cuts about 5% of workforce as part of review across South-east Asia markets
Benjamin Cher - The layoffs are not due to any AI initiatives
Iran rushes to woo Asia’s largest oil importers after US waiver
Even after months of disruption, the region is not currently short of crude
Tencent in talks to offload Marvelous and other global game bets
Investment in the games sector has dried up after a big expansionary period triggered by the pandemic’s surge in demand
Singtel sells S$1 billion in Gulf Development shares
Young Zhan Heng - This will result in cumulative gains of some S$140 million in equity
Singtel sells S$1 billion stake in Thailand’s Gulf Development; placement leaves it with 4.95% interest
Young Zhan Heng - Analyst expects proceeds to fund growth capex for the telco’s data centre business
Singtel sells S$1 billion stake in Thailand Gulf Development; placement leaves it with 4.95% interest
Young Zhan Heng - Analyst expects proceeds to fund growth capex for the telco’s data centre business
Kadokawa, Japan's 'Elden Ring' powerhouse, faces battle over CEO at shareholder meeting
TOKYO, June 23 : Kadokawa, the Japanese firm behind the dark epic "Elden Ring" video game franchise, is now facing a nightmare of its own: an activist shareholder who wants its CEO gone, wielding a big stake and proxy advisor support.The showdown will take place at Wednesday's annual ...
Singapore core inflation holds at 1.4% in May, undershooting forecasts as services prices cool
Tessa Oh - Private-sector economists’ forecast 1.6% growth according to a Bloomberg poll
Orion CMC in advanced discussions for three Asian partnerships
MELBOURNE, June 23 : Orion Critical Mineral Consortium, a minerals investment group backed by the U.S. government, is in advanced discussions to establish three new public-private partnerships in Asia as it seeks to fund a $20 billion global pipeline of opportunities, executives told Reuters. The co ...
Singtel's partial sale of Gulf Development stake reaps $140 million gain
The Edge Singapore - The Singtel Group has sold 2.8% of its stake in Gulf Development, Thailand's largest energy company, for approximately $1 billion as it continues its asset recycling programme to drive growth and sustainable shareholder returns. The transaction was executed via a private placement to institutio ...
Morgan Stanley plans US$1.3 billion tower for Dallas expansion
The project extends the Texas city’s rise as a financial centre as Wall Street steps up efforts to lure talent in locations...
EV demand powers Europe car market in May, Chinese rivals expand share
June 23 : Demand for electrified cars continued to underpin growth in Europe's auto market in May, offsetting a sharp decline in petrol and diesel sales and allowing Chinese brands to expand their footprint, data from the European Automobile Manufacturers’ Association (ACEA) showed on Tuesday ...
Yen hovers near 40-year low against dollar
Japanese Finance Minister Satsuki Katayama's conversation with US Treasury Secretary Scott Bessent on Monday helped the yen recover from a low of 161.93 per dollar, just short of the 161.96 level last seen in December 1996.
Nissan shareholders reject appointment of external director Nagai to board
Nissan Motor shareholders on Tuesday (Jun 24) rejected the reappointment of long-serving outside director Motoo Nagai, whose independence had come under scrutiny due to his ties to the automaker's main banking partner.Nagai is a former executive of companies within Mizuho Financial Group. Proxy ...
Meta to pause internal mouse-tracking tech while examining data security issues
The announcement follows revelations that sensitive employee data was accessible to all Meta staffers
SK Hynix ETF’s assets soar to US$17 billion, biggest in Hong Kong
The milestone highlights investors’ voracious appetite for high-stakes bets on the booming semiconductor sector
Temasek-backed Foundation Healthcare lodges preliminary IPO prospectus
Deon Loke - The offer size, price ​and listing date were not disclosed in the prospectus
‘A lot of leeway’: SpaceX’s high-grade debt comes under scrutiny as sceptics emerge
SpaceX is asking investors to finance a business that is both unusually strong and unusually hard to model, says an expert
Move over, doctors and lawyers: Samsung, SK Hynix staff are South Korea’s new ‘A+’ marriage catch
More workers seek roles at these firms, whose staff, matchmakers say, are sought after in the marriage market
In South Korea, a job or partner at Samsung, SK Hynix is the new 'A+' catch
In the nation’s marriage market, staff at these firms rank beside doctors and lawyers, matchmakers say
Info-Tech to benefit from 'structural shift' in government's AI-related push: RHB
The Edge Singapore - Syahril Hanafiah of RHB Bank Singapore has kept his "buy" call and $1.40 target price on business software provider Info-Tech Systems, with a view that this is a company well-positioned to capture rising demand for artificial intelligence upskilling. The industry Info-Tech is in enjoys str ...
Asian stocks fluctuate after Wall Street sell-off, crude holds losses on peace talks
HONG KONG: Asian equities fluctuated on Tuesday (Jun 23) following a tech-led sell-off on Wall Street as investors again questioned a long-running AI-fuelled boom, while crude largely held losses that came on the back of positive US-Iran talks.While Washington and Tehran flagged
Tech sell-off drags Asian stocks lower from record
MSCI’s gauge of regional equities declined more than 2% after closing at a record high on Monday
Asian stocks drop from record as tech rally cools, investors monitor US-Iran talks
MSCI’s gauge of regional equities fell 1.1 per cent after closing at a record high on Monday
Asian stocks dip at open as investors monitor US-Iran talks
MSCI’s gauge of regional shares fell as much as 0.2 per cent in early trading
Local banks unaffected by revised liquidity coverage rules effective Sept 1
The Edge Singapore - The revised liquidity coverage ratio (LCR) rules announced on May 28 by the Monetary Authority of Singapore (MAS) will take effect on Sept 1. The framework narrows high-quality liquid asset (HQLA) eligibility by disqualifying securities issued by financial institutions and related corporations. MASâ ...
South Korea's finance minister says current FX level 'excessive'
SEOUL, June 23 : South Korea's Finance Minister Koo Yun-cheol said at a cabinet meeting on Tuesday that the current foreign exchange level at around mid-1,500 won per U.S. dollar is "excessive" compared to the country's fundamentals. Asked by South Korean President Lee Jae Myung ...
KPMG Australia chair, partners to exit in reset from scandal
The firm employs about 9,000 people, including close to 700 partners
KPMG Australia chair, partners to exit in overhaul amid scandal
Martin Sheppard will depart shortly and retire from his regional board responsibilities
Mittal of DBS maintains 'buy' on Singtel on sale of Gulf Development stake
The Edge Singapore - Sachin Mittal of DBS Group Research has maintained his "buy" call on Singapore Telecommunications and target price of $5.46 after news that it has put up a third of its stake in an associate in Thailand for sale, potentially fetching proceeds of some $1 billion. According to Mittal, Singte ...
