Business

NEW YORK – General Motors is hitting the accelerator on its drive towards electric autos, significantly boosting its near-term investments as it unveils new models and builds production capacity. The biggest US automaker announced it will…
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BEIJING – Growth in China’s factory output slowed for a third straight month in May, possibly due to disruptions caused by Covid-19 outbreaks in the country’s southern export powerhouse of Guangdong. The Chinese economy has largely shaken…
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TOKYO – Japan’s exports rose at the fastest pace since 1980 in May and a key gauge of capital spending grew, helping the world’s third largest economy offset sluggish domestic demand as Covid-19 vaccinations boost business activity in key…
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NEW YORK – Major US indices finished at fresh records Monday (June 14) as global equity markets began the week cautiously ahead of a much-anticipated Federal Reserve meeting. Both the S&P 500 and Nasdaq ended at all-time highs,…
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The world’s emergence from the coronavirus pandemic is set to unleash a wave of spending by older consumers, with increasing opportunities for investors in ageing-linked stocks. That’s the view of money managers, who see huge pent-up…
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SHANGHAI – BlackRock has become the first global asset manager allowed to start a wholly owned onshore mutual fund business in China, as Beijing accelerates opening of the fast-growing US$3.5 trillion (S$4.6 trillion) wealth industry.…
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NEW YORK – GameStop, one of the popular “meme” companies whose stock has soared this year, said United States securities regulators are looking into the trading of its shares. The video game retailer said on Wednesday (June 9) that…
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BEIJING – Chinese regulators have instructed major creditors of China Evergrande Group to conduct a fresh round of stress tests on their exposure to the world’s most indebted developer, according to people familiar with the matter.…
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SINGAPORE – Entertainment group mm2 Asia posted a net loss of $92.7 million for its financial year ended March 31, 2021, with its major businesses in movie-making and film distribution taking a severe beating from the Covid-19 pandemic, the…
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NEW YORK – US stocks climbed on Friday (May 28) as investors brushed off a stronger-than-expected inflation reading, as both the Dow and S&P 500 indexes clinched their first weekly gain in the past three weeks. Consumer prices, as…
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