Asia Markets Stocks and Shares
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BBC Market Watch
- Dead whistleblower accused Boeing of safety breaches April 27, 2024John Barnett had been giving a formal legal deposition against the plane manufacturer before his sudden death.
- Post Office paid widow in instalments for silence April 26, 2024The Horizon scandal inquiry reveals details of the biggest miscarriage of justice in UK legal history.
- Giant 3D printer that can build a house goes live April 26, 2024It's hoped giant device will be able to print homes, bridges, boats and wind turbines.
- Tesla Autopilot recall to be probed by US regulator April 26, 2024The regulator will check whether Tesla's fix adequately addressed safety concerns.
- Anglo American rejects £31bn mega-deal with rival April 26, 2024The firm says BHP's bid to create one of the world's biggest mining groups is "highly unattractive".
- John Lewis job applicants get questions beforehand April 26, 2024The retail group hopes giving candidates sight of questions will make process fairer.
- TikTok will not be sold, Chinese parent tells US April 26, 2024The video sharing app faces being banned in the US unless it severs ties with its China's ByteDance.
- Why green steam is a hot issue for business April 25, 2024Steam is still needed in many industries, but much of it is still made with fossil fuels.
- The ex-flight attendant who now leads the airline April 25, 2024Mitsuko Tottori was named as the first female boss of Japan Airlines earlier this year.
- Tata rejects plea to keep Port Talbot blast furnace April 25, 2024Tata's chief executive says plans to keep one blast furnace open in Port Talbot are not viable.
Live Bangkok Business News Feed
- Cybercriminals using AI for attacks April 27, 2024Cyber-attacks will increasingly use artificial intelligence (AI) to speed up their post-exploitation activities at targeted organisations, according to Palo Alto Networks.
- Asian shares get lift from US tech results April 26, 2024RECAP: Asian shares rose yesterday, led by tech firms after strong earnings reports from Microsoft and Alphabet on Wall Street. But investors are becoming resigned to the idea that US interest rate cuts are probably many more months away.
- AirAsia looks outside Asean after divestment April 26, 2024AirAsia wants to extend beyond Southeast Asia by offering aviation consulting and planning, separating aviation from non-aviation ventures.
- Handout funding to diminish spending on other projects April 26, 2024Once the government allocates substantial funds for its flagship digital wallet handout, spending on other projects will be reduced, says finance permanent secretary Lavaron Sangsnit.
- Lower power bills if PTT pays fines April 26, 2024The Energy Regulatory Commission (ERC) is planning to lower power bills near the end of this year if national oil and gas conglomerate PTT Plc pays fines worth 4.7 billion baht that it reportedly collected from gas suppliers who did not comply with gas purchase contracts.
- BBL reduces lending rate April 26, 2024Bangkok Bank (BBL), the country's largest lender by total assets, is cutting its minimum retail rate (MRR) by 25 basis points for six months, starting on April 29.
- Thai TV drama firm seeks global soft power April 26, 2024Be On Cloud, a company known for producing popular Boys Love or Y Series TV dramas, aims to promote Thailand's soft power and local products on the global stage through its series.
- Global and Thai economies face rising risk April 26, 2024Three recent events have changed the world economic picture and monetary policy outlook.
- Air China orders 100 homegrown jets April 26, 2024Air China has announced plans to buy 100 Comac C919 airliners, a major boost to the homegrown planemaker seeking to disrupt the commercial aircraft duopoly locked down by Airbus and Boeing.
- China offers subsidies for car trade-ins April 26, 2024BEIJING - China will give a one-time subsidy of up to 10,000 yuan ($1,380 or 50,000 baht) to consumers who trade in old cars and buy newer models in a move to stimulate the auto industry and the economy.
Live Singapore Business News Feed
- Bank of Singapore takes action against employees for misusing medical benefits April 27, 2024THE Bank of Singapore (BOS) has uncovered cases of misuse of medical benefits by its staff, and up to 40 employees left the bank last week.
- Thaksin-linked TV broadcaster to shut down after 15 years April 27, 2024VOICE TV, a Thai media company owned by former prime minister Thaksin Shinawatra’s family, said it will cease operations next month and lay off about 200 employees including journalists.
- Apple intensifies talks with OpenAI for iPhone generative AI features April 26, 2024APPLE has renewed discussions with OpenAI about using the startup’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.
- UBS weighs synthetic risk transfer amid capital boost proposals April 26, 2024UBS Group is considering bringing a synthetic credit risk transfer to the market, according to people with knowledge of the matter, amid Swiss reform proposals that could see the bank face higher capital requirements.
- Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains April 26, 2024OIL prices settled higher on Friday (Apr 26), garnering support from tensions in the Middle East, but a strong US dollar and inflation data quashed hopes that the Federal Reserve would cut interest rates soon, giving prices a ceiling.
- Europe: Stoxx 600 logs best day in three months as banks shine April 26, 2024EUROPE’S benchmark stock index had its biggest one-day gain in more than three months on Friday (Apr 26), propelled by banking and industrial stocks, while the technology sector got a boost from upbeat results from US megacaps.
- US: Stocks rally after strong tech results April 26, 2024WALL Street stocks finished solidly higher on Friday (Apr 26), concluding a roller-coaster week on a positive note following strong results from Google and Microsoft.
- What to do when you’ve been de-banked April 26, 2024BEING de-banked – that is, having your account abruptly closed by your bank – is often a logistical nightmare. It has very real consequences for both individuals and organisations on a practical level, and it can stop growth and opportunity in its tracks.Abdul Malik and Asli Arslan Tedeschi
- Porsche posts Q1 profit drop on ramp-up costs April 26, 2024PORSCHE on Friday (Apr 26) reported a 30 per cent drop in first-quarter operating profit, citing higher investments in what the German luxury carmaker has called its biggest year of product launches in history.
- IBM plots US$730 million expansion of Canadian semiconductor site April 26, 2024INTERNATIONAL Business Machines will expand its Canadian semiconductor packaging and testing plant with more than C$1 billion (S$995 million) in investments over the next five years.
- Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early April 26, 2024SEATRIUM on Friday (Apr 26) said its subsidiary, Seatrium Offshore & Marine, has given notice to bondholders of its S$500 million floating-rate bonds that it aims to fully redeem these bonds prior to the scheduled maturity date at its principal amount, together with accrued and unpaid interest.Megan Cheah
- Yeo Guat Kwang, John Chen retiring from corporate boards April 26, 2024YEO Guat Kwang – a former member of parliament (MP) from the People’s Action Party (PAP) – will retire as the lead independent non-executive director of water purification company SIIC Environment.Janice Lim
- US: Wall St opens higher April 26, 2024US STOCKS opened higher on Friday (Apr 26) on megacaps’ boost after robust quarterly results from Alphabet pushed its market value over US$2 trillion, while an in-line reading for a key inflation print calmed jitters around elevated interest rates.
- Air China orders homegrown C919s in challenge to jet duopoly April 26, 2024AIR China announced plans to buy 100 Comac C919 airliners, a major boost to the home-grown planemaker seeking to disrupt the commercial aircraft duopoly locked down by Airbus and Boeing.
- HCA beats first-quarter profit estimates on higher patient admissions April 26, 2024HCA Healthcare on Friday (Apr 26) beat Wall Street estimates for quarterly profit, helped by higher patient admissions due to demand for healthcare services.
New York Times Business Feed
- Daimler Truck Workers Reach Deal and Avert Threatened Strike in North Carolina April 27, 2024The United Automobile Workers reached an agreement involving workers who make Freightliner trucks and Thomas Built buses. The deal comes as the union seeks to expand its membership in southern states.Jack Ewing
- Regulators Seize Republic First, a Troubled Philadelphia Bank April 27, 2024The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.Kashmir Hill
- For Fox News and Conservative Media, Student Protests Are a Familiar Target April 26, 2024On Fox and in other conservative outlets, the protests have given new lease to a long-running argument that students at elite universities are intolerant of conservative views.Santul Nerkar
- Biden Delays Ban on Menthol Cigarettes April 26, 2024The proposal had been years in the making, in an effort to curb death rates of Black smokers targeted by Big Tobacco. In an election year, the president’s worries about support among Black voters may have influenced the postponement.Christina Jewett and Noah Weiland
- Paramount Chief Executive Bob Bakish Could Be Out Next Week April 26, 2024He was once a staunch ally of the company’s biggest owner, Shari Redstone, but the relationship soured in recent months.Benjamin Mullin and Lauren Hirsch
- Federal Officials Find No Live Bird Flu Virus in Initial Milk Tests April 26, 2024The early results suggest that pasteurization is killing the H5N1 virus in milk, something that regulators were not certain of.Noah Weiland and Benjamin Mueller
- He Paid $13 for $13,000 Cartier Earrings, and Then the Jeweler Noticed April 26, 2024When Rogelio Villarreal bought rose-gold earrings for a price that the luxury retailer said was a mistake, he looked to a Mexican consumer protection law. He later said the company delivered the earrings.Emily Schmall
- Michael C. Jensen, 84, Who Helped Reshape Modern Capitalism, Dies April 26, 2024He heralded stock options and golden parachutes as a professor at Harvard Business School, influencing a generation of Wall Street executives.Michael S. Rosenwald
- Stubborn Inflation Could Prod Fed to Keep Rates High for Longer April 26, 2024Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.Jeanna Smialek and Ben Casselman
- U.S. Investigating Tesla Recall of Autopilot April 26, 2024The National Highway Safety Administration also released an analysis of crashes involving the system that showed at least 29 fatal accidents over five and a half years.J. Edward Moreno
SCMP
- Chinese cornerstone investors are new pillars of Hong Kong IPOs and it’s not all good news April 27, 2024Chinese local government entities have carried the mantle of cornerstone investors in first-time stock offerings in Hong Kong in the past two years as foreign investors shun deals. Their outsize role could work against the city’s capital market, market experts say.
- Beijing to push subsidies for local firms to buy China-made chips to shore up city’s computing infrastructure April 27, 2024The city’s focus on China-made graphics processing units shows how mainland authorities are scrambling to build up computing resources, despite US export restrictions on advanced chips.
- Xpeng’s flying car affiliate AeroHT closes in on airworthiness certification as Chinese EV maker targets fourth-quarter presales April 26, 2024AeroHT, an affiliate of Chinese electric vehicle maker Xpeng, has started the countdown for the commercialisation of its flying car and plans to start taking pre-orders in the fourth quarter of this year.
- TikTok owner ByteDance earns praise from Chinese social media for rejecting US sell-or-ban ultimatum April 26, 2024The privately held social media giant has rejected a report that said it was ‘exploring scenarios’ to sell a majority stake in TikTok’s US operations.
- Like the US and EU, China uses subsidies. It just does it more effectively April 26, 2024China’s subsidies have been more effective than in most parts of the world because they are an intrinsic part of a distinct economic model. Rather than targeting China, the US and Europe should examine the effectiveness of their own economic strategies.
- Official of China’s securities watchdog under investigation for ‘serious violation’ amid uptick in market regulation April 26, 2024Investigation into Yao Qian, who serves as the director of the department of technology supervision at the China Securities Regulatory Commission, comes amid an uptick in market reforms.
- China’s exporters shun the yuan, embrace alternatives as depreciation fears build April 26, 2024China’s yuan has lost more value against the US dollar as interest rate cuts have yet to materialise, leading exporters to find whatever alternative assets they can until exchange differentials subside.
- Third generation takes charge at Hang Lung Group as stalwart Ronnie Chan steps down from Hong Kong commercial landlord April 26, 2024Adriel Chan, 41, succeeds his father Ronnie Chan as chairman of Hang Lung Group, one of Hong Kong’s biggest commercial landlords.
- Chinese brokerage Guolian Securities gains most in 4 years on acquisition plan as wave of reform encourages consolidation April 26, 2024Guolian Securities plans to buy a 95.48 per cent stake in unlisted Minsheng Securities, in an acquisition that is expected to make it a top-20 brokerage.
- Chinese food-delivery giant Meituan to debut in Saudi Arabia’s capital Riyadh as international expansion quickens April 26, 2024Meituan’s foray into Riyadh marks the Beijing-based company’s first overseas expansion amid slowing growth in its home market.
Investing.Com
- Crypto Biz: X payment system, Block moves into Bitcoin mining and more April 27, 2024
- Nebraska Tornadoes: U-Haul Offering 30 Days Free U-Box Storage in Omaha, Lincoln April 27, 2024
- US regulators seize troubled lender Republic First, sell it to Fulton Bank April 27, 2024
- China's first-quarter industrial profits rise at slower pace April 27, 2024
- Republic First Bank closed by US regulators — crypto community reacts April 27, 2024
- West Red Lake Gold Announces Mineral Resource Update for the Rowan Mine Deposit April 27, 2024
- FE Battery Metals Corp. Announces Closing of Private Placement April 27, 2024
- Earth Science Tech director buys $5.5k in company shares April 27, 2024
- Ideanomics Announces Receipt of Notice from Nasdaq Regarding Listing Rule 5250(f) April 27, 2024
- Natera co-founder sells $89,550 in company stock April 27, 2024
Financial Times
- Encounters with the Westminster honeytrapper April 27, 2024It took her three minutes to say she was blocking me — but the story didn’t end there
- How Anglo American turned into prey April 27, 2024The 107-year-old South African mining group, long resistant to change, has now rejected a takeover offer from BHP
- Could the white sands of Denmark give the Med a run for its money? April 27, 2024Plus: how to rent the perfect Scandi summerhouse
- What new aid really means for Ukraine — and for Putin April 27, 2024Kyiv will have to husband its new resources carefully before trying to liberate Russian-occupied land
- The week that shook Columbia April 27, 2024Protests over Gaza at the New York university have led to divisions and arrests. History professor Mark Mazower gives a first-hand account
- Richard Gadd, the ‘Baby Reindeer’ comic confronts his past April 27, 2024The hit show has unleashed a debate about who has the right to tell another’s story
- The tale of Beatrix Potter and Mr McIntosh April 27, 2024Was a Highland postman the inspiration for Mr McGregor?
- Divided Bank of England faces political heat over calls for rate cuts April 27, 2024Analysts warn chancellor against public comments on likelihood of lower interest rates
- Frank Field, MP and welfare reformer, 1942-2024 April 27, 2024Former UK labour minister eschewed tribalism and held out the promise of a more collaborative style of politics
- Microsoft and Alphabet enjoy AI-powered gains from cloud divisions April 26, 2024Combined market value of the two tech giants rose by more than $250bn after revenue growth beat expectations
- Alphabet surges past $2tn valuation as it announces first dividend April 26, 2024Shares of Google’s parent company jump after first-quarter earnings beat expectations and $70bn stock buyback
- Tickets for Labour conference ‘business day’ sold out in hours April 26, 2024Glastonbury-style rush sees attendees pay £3,000 a shot with capacity more than double last year’s event
- US to rush Patriot missiles to Ukraine as Pentagon builds up support April 26, 2024Move comes as Biden administration begins parcelling out funds unlocked by Congress this week
- With Trump in court, can Biden take control of the election? April 26, 2024As polls show the race tied, the president is campaigning around the country and his opponent is stuck spending his days in a Manhattan courtroom
- Ban on non-compete agreements sends shockwave across Wall Street April 26, 2024Financial companies scramble to rework contracts and tie down personnel after US Federal Trade Commission rule
- Gut or guile? Pedro Sánchez’s resignation threat leaves Spain on edge April 26, 2024Country left guessing by prime minister’s unusual tactic ahead of announcement on his political future set for Monday
- Two died after UK shift from analogue to digital phone lines April 26, 2024Government says it met Virgin O2 chief executive and Ofcom after incidents last year
- Thames Water customers will have paid £540mn for London’s ‘Super Sewer’ April 26, 2024Breakdown of accounts comes as testing on Tideway tunnel set to begin and UK’s biggest water provider faces debt crisis
- The 22-mile trip for post-Brexit border controls starts next week April 26, 2024Checks on food arriving at Dover will be carried out on the outskirts of Ashford
- The Lex Newsletter: AI spending plans are spooking the market April 26, 2024Microsoft is the company showing most tangible proof of AI revenue generation from hefty investments
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