Japan plans new taxes on EVs and plug-ins from 2028, Nikkei reports
Dec 17 : Japanese lawmakers were considering new taxes on electric vehicles and plug-in hybrids, which are likely to take effect from May 2028, the Nikkei newspaper reported on Wednesday. The report said that the proposed levy would be added to the existing tonnage tax paid and would be in proporti ...
RBNZ expects new bank capital requirements to lower rates
The new settings will be phased in from early 2026
Tesla eyes battery-cell production in Germany from 2027: report
Europe continues to trail China in the development of large-scale cell-production capacity
Grok spews misinformation about deadly Australia shooting
ELON Musk’s AI chatbot Grok churned out misinformation about Australia’s Bondi Beach mass shooting, misidentifying a key figure who saved lives and falsely claiming...
MUFG, SMFG among Japanese firms piling into India for growth
The total volume of deals targeting Indian companies has climbed 15% this year to almost US$90 billion
US threatens retaliation over ‘unreasonable’ EU tech regulations
THE United States threatened countermeasures against the EU on Tuesday over the bloc’s efforts to tax American firms, pointing to major European...
Oil settles near five-year low amid ample supply, Russia-Ukraine progress
[DENVER] Oil futures settled at their lowest level since February 2021 on Tuesday amid ongoing jitters surrounding oversupply and as the prospect of...
Oil jumps 2% as Trump’s Venezuela blockade stokes uncertainty
While many ships lifting Venezuelan oil are sanctioned, others moving crude from Iran and Russia are not
European equities end lower as investors assess US data; defence firms tumble
EUROPEAN shares dipped on Tuesday, led by sharp declines in defence and energy shares, with investors parsing disappointing domestic and US jobs data.
US stocks ends mixed after paring earlier losses
WALL Street’s main indexes pared some losses on Tuesday afternoon with the Nasdaq closing up, and the S&P 500 and the Dow...
Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say
Dec 16 : Warner Bros Discovery's board could announce a decision as early as Wednesday on Paramount Skydance's $108.4 billion takeover bid, with the board likely to advise shareholders to vote against the offer, according to sources familiar with the matter. The decision to recommit to Ne ...
Hacking group ‘ShinyHunters’ threatens to expose premium users of sex site Pornhub
WASHINGTON, Dec 16 : The hacking group “ShinyHunters” said on Tuesday it has stolen data belonging to premium customers of the leading sex website Pornhub and is threatening to publish it. Although Reuters could not immediately establish the scope, scale, or details of the breach, the hackers p ...
Hacking group ‘ShinyHunters’ claims theft of data from users of leading sex site Pornhub
WASHINGTON, Dec 16 : The hacking group “ShinyHunters” said Tuesday that it had stolen data belonging to premium customers of the leading sex website Pornhub. Although Reuters could not immediately establish the scope, scale or details of the breach, the hackers provided a sample of the data whi ...
X Corp sues social media startup over bid to claim 'Twitter' brand
Dec 16 : Elon Musk's X Corp sued a startup on Tuesday after it sought to cancel X's Twitter trademarks so it can "bring Twitter back" as a new social media platform.X said in the lawsuit in Delaware federal court that its Twitter brand is still "alive and well" and &qu ...
OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
Dec 16 : OpenAI has appointed former British finance minister George Osborne as managing director and head of its "OpenAI for Countries" initiative, the company said on Tuesday, as the ChatGPT maker ramps up efforts to work with governments on national AI strategies.Osborne, who served as ...
US threatens countermeasures on European service providers after EU fines
WASHINGTON, Dec 16 : President Donald Trump's administration warned on Tuesday the United States could impose fees or restrictions on European service providers in response to what it called “discriminatory” actions against U.S. firms.The Office of the U.S. Trade Representative, in a post o ...
US threatens countermeasures after EU fine on Musk's X
WASHINGTON, Dec 16 : The Trump administration on Tuesday threatened a wide range of retaliatory measures against EU service providers, including possible fees or restrictions on foreign services, if the firms continue what the USTR called "discriminatory" actions. The Office of the U.S. Tr ...
BAE Systems halves stake in Kazakh carrier Air Astana
Dec 16 : Britain's BAE Systems said on Tuesday it will cut its stake in Kazakh carrier Air Astana by nearly half. The aircraft maker, which currently holds about 16.95 per cent stake in Air Astana, is selling global depository receipts representing about 8 per cent of the company's outstan ...
Bank of Canada wants stablecoins to be backed by high-quality liquid assets
OTTAWA, Dec 16 : The Bank of Canada says regulations on future Canadian stablecoins must ensure they are backed by high-quality liquid assets and be pegged one-to-one to a central bank currency, Governor Tiff Macklem said on Tuesday.The Liberal government said in November that it would be introducin ...
Equities fall with US Treasury yields after data, oil sinks
NEW YORK/ PARIS, Dec 16 : MSCI's global equities gauge fell on Tuesday and 10-year U.S. Treasury yields were lower for a second day as investors assessed the latest U.S. jobs data, while oil prices sagged as talks appeared to boost the prospects for a Russia-Ukraine peace deal.The U.S. Labor De ...
Hyundai, Kia agree to retrofit 7 million US vehicles to address theft concerns
WASHINGTON, Dec 16 : Korean automakers Hyundai and Kia agreed on Tuesday to retrofit 7 million U.S. vehicles to address theft concerns and install prevention equipment on all new vehicles to resolve an investigation by a bipartisan coalition of 35 attorneys general.The state attorneys general said t ...
Hyundai, Kia agree to retrofit 4 million US vehicles to address theft concerns
WASHINGTON, Dec 16 : Korean automakers Hyundai and Kia agreed on Tuesday to retrofit more than 4 million U.S. vehicles to address theft concerns and install prevention equipment on all new vehicles to resolve an investigation by a bipartisan coalition of 35 attorneys general.The state attorneys gene ...
Hyundai, Kia agree to retrofit 4 million US vehicles to address threat concerns
WASHINGTON, Dec 16 : Korean automakers Hyundai and Kia on Tuesday agreed to retrofit more than 4 million U.S. vehicles to address theft concerns and install prevention equipment on all new vehicles to resolve an investigation by a bipartisan coalition of 35 attorneys general.The state attorneys gene ...
China's Luckin Coffee mulls bid for Nestle’s Blue Bottle: sources
China’s biggest coffee chain and its backer Centurium Capital have also been evaluating other acquisition targets
Skylink Holdings acquires bodywork customisation specialist for $1.75 mil
Felicia Tan - Commercial vehicle leasing company Skylink Holdings has agreed to acquire the business and related assets of bodywork customisation specialist Chuang Li Partners for $1.75 million. A business transfer agreement was signed between Skylink Holdings’ wholly-owned subsidiary, Skylink Engineering, and ...
Crypto exchange HashKey raises $207 million in Hong Kong IPO
Dec 16 : HashKey Group, Hong Kong's largest licensed crypto exchange, has set its initial public offering price at HK$6.68 per share, raising HK$1.61 billion ($206.96 million), according to an exchange filing on Tuesday.The company offered 240.6 million shares under the IPO, and a source with d ...
Crypto exchange HashKey prices Hong Kong IPO at HK$6.68 per share
Dec 16 : HashKey Group, Hong Kong's largest licensed crypto exchange, has set its initial public offering price at HK6.68 per share, near the upper end of the marketed range, raising HK$1.61 billion ($206.96 million), according to an exchange filing on Tuesday.($1 = 7.7794 Hong Kong dollars)
OUE to buy over Itochu's stake in OUE Healthcare for $20.7 mil
The Edge Singapore - OUE has acquired the entire 19.32% stake held by its partner Itochu in OUE Healthcare at 2.4 cents per share, or just over $20.7 million. The agreed transaction price is a slight discount off OUEH's last traded price of 2.6 cents on Dec 15. Upon completion of the deal, likely on Dec 24, OUE ...
Wall Street slips at open as investors assess key jobs data
[NEW YORK] Wall Street’s main indexes slipped at the open on Tuesday (Dec 16) after data broadly signalled a cooling US economy,...
Gordon Tang’s Acrophyte Asset Management to acquire Suntec REIT manager
Felicia Tan - Acrophyte Asset Management, an entity controlled by Gordon Tang, has entered into a conditional sale and purchase agreement with ESR Group’s subsidiaries to acquire ESR’s 100% indirect interest in the manager of Suntec REIT. The proposed acquisition is subject to the approval of the Monetary Aut ...
Property tycoon Gordon Tang to acquire Suntec Reit’s manager
Sharon See - Tang and his affiliates currently own 35.7% of Suntec Reit, while ESR owns 10.8%
Property tycoon Gordon Tang to acquire Suntec Reit manager
Sharon See - Tang and his affiliates currently own 35.7% of Suntec Reit, while the Reit manager ESR Trust Management (Suntec) owns 10.8%
Property tycoon Gordon Tang’s Acrophyte to acquire Suntec Reit’s manager for S$190 million
Sharon See - Tang and his affiliates currently own 35.7% of the Reit itself, while ESR owns 10.8%
Property tycoon Gordon Tang to acquire Suntec Reit’s manager for S$190 million
Sharon See - Tang and his affiliates currently own 35.7% of the Reit itself, while ESR owns 10.8%
