Follow The Singapore Business Times - Companies & Markets, filter it, and define how you want to receive the news (via Email, RSS, Telegram, WhatsApp etc.) https://follow.it/businesstimes2 Wed, 29 Nov 2023 10:49:02 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgXfty_GqtMfOClmFkX7M1Jw CHINA’S Didi Global on Wednesday (Nov 29) offered millions of its customers coupons worth 10 yuan (S$1.87) as part of an apology for a glitch that hit its ride-hailing app this week.]]> Wed, 29 Nov 2023 10:41:34 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgXfty_GqtMfOClmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgXfty_GqtMfOCejEQ2Mq9rY CHARLES Munger, who quit a well-established law career to be Warren Buffett’s partner and maxim-spouting alter-ego as they transformed a foundering New England textile company into the spectacularly successful investment firm Berkshire Hathaway, died Tuesday in Santa Barbara, California. He was 99.]]> Wed, 29 Nov 2023 10:38:05 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgXfty_GqtMfOCejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgU5OcAZstJell1cWWor9YPv HUAWEI Technologies’ new smart car software and components firm is set for a valuation of up to 250 billion yuan (S$47 billion) after it sells stakes to investors including Changan Auto, three people with knowledge of the matter said.]]> Wed, 29 Nov 2023 10:12:42 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgU5OcAZstJell1cWWor9YPv https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgU5OcAZstJelnn9ye8UNv30 ELECTRIC-VEHICLE maker Nio signed its second battery-swapping partnership in less than two weeks on Wednesday (Nov 29), this time with Geely Automobile Holdings, one of China’s biggest independent carmakers.]]> Wed, 29 Nov 2023 10:02:11 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgU5OcAZstJelnn9ye8UNv30 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgXNwL8eqlTvE5s0ohxaO6Yr GOLD prices touched a nearly seven-month high on Wednesday propelled by an extended decline in the US dollar and bond yields as investors grew confident that the Federal Reserve would likely cut rates by the first half of next year.]]> Wed, 29 Nov 2023 07:31:41 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgXNwL8eqlTvE5s0ohxaO6Yr https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgUddMGlE5gLw6CY3L745TL_ Okta]]> Wed, 29 Nov 2023 06:49:44 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgUddMGlE5gLw6CY3L745TL_ https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgWHhNrl9zaSMJVjH6qdYdAk CHINESE stock investors are ploughing money into exchange-traded funds (ETFs) this year at the fastest pace on record as they choose to play a languid stock market passively and wait for it to trough.]]> Wed, 29 Nov 2023 06:32:15 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgWHhNrl9zaSMJVjH6qdYdAk https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgV6eODrWza0EaCY3L745TL_ THE dollar extended losses on Wednesday as traders ramped up bets on the Federal Reserve cutting interest rates in the new year after officials sounded optimistic notes on the battle against inflation.]]> Wed, 29 Nov 2023 05:46:58 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgV6eODrWza0EaCY3L745TL_ https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgVdFzdpndROn11cWWor9YPv BANK of Japan board member Seiji Adachi said on Wednesday it was premature to debate an exit from ultra-loose monetary policy, warning of lingering global economic risks and uncertainty over next year’s wage outlook.]]> Wed, 29 Nov 2023 05:30:23 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgVdFzdpndROn11cWWor9YPv https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgX7QFJz-8OQfyejEQ2Mq9rY NEW Zealand’s central bank kept interest rates unchanged for a fourth straight meeting but signaled there’s an increased risk it could hike again next year. The local dollar jumped.]]> Wed, 29 Nov 2023 04:59:10 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgX7QFJz-8OQfyejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgUNOIJFWV_8cJs0ohxaO6Yr AFTER two years at the helm of OCBC’s Hong Kong entity as chief executive officer, Ivy Au-Yeung will be retiring on Dec 31, 2023.]]> Wed, 29 Nov 2023 04:51:00 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgUNOIJFWV_8cJs0ohxaO6Yr https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgUhu1nlp5CXWl1cWWor9YPv THE Australian and New Zealand dollars hit four-month peaks on Wednesday as markets wagered on early US policy easing, while New Zealand’s central bank stunned investors by flagging a risk of further hikes at home.]]> Wed, 29 Nov 2023 04:24:37 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgUhu1nlp5CXWl1cWWor9YPv https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgV-S46dcKToGcb1naedg1wr MANULIFE US Real Estate Investment Trust (Manulife US Reit) plans to raise funds through a mix of asset dispositions and a sponsor-lender loan to remedy its financial covenant breach, its manager said on Wednesday (Nov 29).]]> Wed, 29 Nov 2023 04:06:53 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgV-S46dcKToGcb1naedg1wr https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgVC7cLPqzobP5s0ohxaO6Yr SINGAPORE shares started Wednesday (Nov 29) morning on a strong footing after global markets ended mixed overnight.]]> Wed, 29 Nov 2023 03:23:35 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgVC7cLPqzobP5s0ohxaO6Yr https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgUBXjbHyHHyWZs0ohxaO6Yr THE number of financial claims handled by the Financial Industry Disputes Resolution Centre (Fidrec) rose 91.6 per cent to 2,188 for the financial period from Jul 1, 2022, to Jun 30, 2023.]]> Wed, 29 Nov 2023 03:00:01 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgUBXjbHyHHyWZs0ohxaO6Yr https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgWhdYh7G9jEt8b1naedg1wr FEDERAL Reserve Governor Michelle Bowman said she expects to support additional tightening of monetary policy to return inflation to the central bank’s goal.]]> Wed, 29 Nov 2023 02:32:07 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgWhdYh7G9jEt8b1naedg1wr https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgWhdYh7G9jEt5VjH6qdYdAk THE following company saw new developments that may affect trading of its securities on Wednesday (Nov 29):]]> Wed, 29 Nov 2023 02:20:21 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgWhdYh7G9jEt5VjH6qdYdAk https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgUz1-iJdI1tc-zdsCmHakzH THAILAND is poised to leave its benchmark interest rate unchanged after eight successive quarter-point increases since last year that pushed inflation below central bank’s target even as economic growth remained dismal.]]> Wed, 29 Nov 2023 02:19:30 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgUz1-iJdI1tc-zdsCmHakzH https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgVJYYctFqEAYXn9ye8UNv30 CHINESE electric vehicle (EV) brand BYD has appointed two distributors – Inchcape+ and Build Your Trucks – for its heavy goods vehicles in Singapore.]]> Wed, 29 Nov 2023 02:00:04 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgVJYYctFqEAYXn9ye8UNv30 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgUCdR2Gi1f9I5s0ohxaO6Yr INFRASTRUCTURE giant Ferrovial has reached an agreement with two different buyers to sell its entire 25 per cent stake in Britain’s busiest airport, Heathrow, for £2.37 billion (S$4 billion) the company said in a statement.]]> Wed, 29 Nov 2023 01:25:25 +0200 https://api.follow.it/track-rss-story-click/v3/pI4OIh1lDgUCdR2Gi1f9I5s0ohxaO6Yr