Latest
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Corporate News
Advanced solid-state batteries a mutual ambition of carmakers
Chinese electric vehicle (EV) makers are rapidly adopting solid-state batteries in their latest models, with industry experts anticipating full use of this superior solution for the next generation of batteries by 2030.
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Economy
Big savings for Vietnam from eco-industrial conversion
The conversion of existing industrial zones into eco-industrial zones contributed to savings of nearly 70 billion dong (US$2.76mil) annually in Vietnam during 2020-2024, according to the Planning and Investment Ministry and the United Nations Industrial Development Organisation (Unido).
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Economy
Canadian businesses in uproar over capital gains tax increase
Canada’s decision to increase capital gains taxes was criticised by businesses, who warn the move will only exacerbate the country’s investment and productivity woes.
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Economy
Germany turns the corner, says Lagarde
European Central Bank President Christine Lagarde says the German economy may be starting to recover after being rocked by a series of shocks in recent years.“It looks as if Germany might have turned the corner,” Lagarde said in an interview with CNBC in Washington.
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Economy
Kiwi inflation slows yet price pressures persist
New Zealand home-grown price pressures persisted in the first quarter even as headline inflation slowed to its weakest in almost three years.
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Corporate News
Australia’s Rinehart takes stake in Lynas Rare Earths
Australia’s richest person, Gina Rinehart, has become a substantial shareholder in Lynas Rare Earths, the largest producer of rare earths outside of China, an exchange filing shows.
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Economy
IMF lifts growth forecast for the world economy
The International Monetary Fund (IMF) inched up its expectations for global economic growth this year, citing strength in the United States and some emerging markets, while warning the outlook remains cautious amid persistent inflation and geopolitical risks.
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Forex
Yuan tests key milestone on loosening govt grip
China’s second attempt in a month to loosen its grip on the yuan is opening up the door for the currency to test a psychological milestone that hasn’t been seen since November.
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Corporate News
Demand for Louis Vuitton handbags, Cognac dips
LVMH sales growth slowed at the start of the year as wealthy consumers reined in spending on pricey Louis Vuitton handbags and Hennessy Cognac.
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Commodities
Vale tops estimates with improved operations
Vale SA, the Brazilian mining giant, produced more iron ore than expected in its first quarter on better operational performance at its biggest mine.
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Property
Sentosa Cove condos snapped up after 40% price slash
With prices slashed by over 40% from its initial sales launch in 2010, a total of 65 units at The Residences at W Singapore Sentosa Cove were sold Monday and Tuesday.
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Economy
Major exports slump 20.7% in March
Singapore’s non-oil domestic exports (Nodx) shrank 20.7% in March from a high base a year ago, as both electronic and non-electronic shipments slumped.
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Corporate News
Chevron launches fund for low carbon technologies
Chevron’s venture capital arm launched on its third fund to invest in renewable energy technologies with a US$500mil commitment, as oil majors look to diversify their business in the face of pressure to reduce their emissions.
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Commodities
Iron ore slides as China’s housing issues worsen
Iron ore is likely to revisit US$100 a tonne by the end of the year before falling further to US$85 in 2025 as China’s housing market collapse worsens, according to Capital Economics Ltd.
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Energy
Joe Biden’s climate law not nearly sufficient
President Joe Biden’s landmark climate law has mobilised hundreds of billions of US dollars in federal and private capital for clean energy.
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Economy
Vietnam offers good potential for offshoring market
Vietnam is an attractive choice for businesses who are looking for outsource solutions, given its affordable workforce, highly skilled human resources and the constantly developing infrastructure of information technology and the telecommunications industry, says real estate consultancy firm Knight Frank in its report Asia-Pacific Horizon: Harnessing the Potential of Offshoring.
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Corporate News
TSMC capex outlook key to next phase of US$330bil stock rally
With Taiwan Semiconductor Manufacturing Co (TSMC) still trading at pedestrian valuations even after surging to a record high, there is potential for its upcoming results to drive the stock even higher.
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Economy
Japanese exports get boost from Beijing
Japan’s exports grew for a fourth consecutive month as the weak yen provided a tailwind and demand in China picked up, giving the economy a needed boost as domestic consumption sags.
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Corporate News
General Mills faces criticism over plastic packaging
General Mills Inc is facing growing criticism from a shareholder after failing to respond to calls for the company to bolster its sustainable-packaging efforts.
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Markets
Foreign investors heading for the exit
Foreign investors in the Vietnamese stock market continued net selling in the first quarter of 2024, with active funds and exchange-traded funds (ETFs) contributing to the selling pressure.