HANOI: Vietnam is readying the launch next week of a new stocks trading system that would speed up settlement of transactions, as part of reforms aimed at upgrading the country’s stock market and attracting more foreign investors. The move, if successfully completed, would boost the chances of the South east […]
Business
The battle for supremacy in semiconductor manufacturing in East Asia has always been brutal. From Taiwan to Kumamoto prefecture in Japan, the South Korean city of Pyeongtaek, and Arizona in the United States – a global rush to build new semiconductor manufacturing capacity is underway. They also form what is […]
SAN FRANCISCO: Elon Musk yesterday came out against banning TikTok in the United States, even if it would mean less competition for his social media platform X, formerly Twitter, as the initiative sees fresh bipartisan momentum in Congress. The US House of Representatives is set to vote today on a […]
Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations. Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, […]
MANILA: The defence forces of the United States, Japan, Australia and the Philippines will conduct “maritime cooperative activity” to support a free and open Indo-Pacific, the Philippines’ defence ministry said today. Naval and air force activities will be conducted within the Philippines’ exclusive economic zone on April 7, Manila’s defence […]
SINGAPORE : The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The personal consumption expenditures (PCE) price […]
TOKYO: Factory activity in many Asia economies weakened in March despite a rebound in China as lacklustre domestic demand dragged on growth, surveys showed on Monday (Apr 1), clouding the outlook for a once fast-expanding, key driver of the global economy. Export powerhouses Japan and South Korea saw manufacturing activities […]
NEW YORK: Robert Bosch GmbH, Lennox International and Samsung Electronics are among the industrial firms competing to acquire heating and ventilation assets worth over $6 billion from Johnson Controls International, people familiar with the matter said on Friday. Milwaukee-based Johnson Controls has been working with its advisers to sell its […]
WASHINGTON: President Joe Biden’s administration on Friday urged the U.S. Supreme Court to turn away billionaire businessman Elon Musk’s dispute with the Securities and Exchange Commission. Musk in December asked the justices to take up his appeal after a lower court upheld his consent decree with the SEC that arose […]
KUALA LUMPUR : Malaysia’s industrial production grew faster than expected in January, rising 4.3 percent from a year earlier, government data showed on Tuesday. The rate of expansion was the quickest since May last year, when factory output rose 4.7 percent. January’s output had been forecast to expand 2 per […]