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LG Energy aims to double sales by expanding non-EV business
BATTERY maker LG Energy Solution said it plans to more than double sales by 2028, through aggressively expanding non-electric vehicle businesses such as energy storage system.The South Korean company...
Indonesia to impose anti-dumping duties on some flat-rolled iron products from China, South Korea, Taiwan
INDONESIA will impose anti-dumping duties on some flat-rolled iron products from China, South Korea and Taiwan starting next week, according to a finance ministry regulation released on Monday (Oct...
Tokyo Metro looks to raise up to US$2.4 billion in largest Japan IPO since 2018
TOKYO Metro has set a price range at 1,100 to 1,200 yen per share, against an initial estimate of 1,100 yen, a regulatory filing showed on Monday (Oct 7).At...
Commerzbank would lose clients in UniCredit merger, German lender’s CEO says
COMMERZBANK and UniCredit did not discuss a merger at a recent meeting, the German lender’s CEO Bettina Orlopp told a local newspaper, saying any tie-up with its Italian peer...
Bank Indonesia intervenes in FX markets after rupiah slump
Bank Indonesia is intervening in the spot, domestic non-deliverable forwards and bond markets to maintain the balance of currency supply and demandIndonesia’s central bank is stepping into the market...
Boeing returns to wage talks after two weeks of strike stalemate
TWO weeks after Boeing tried and failed to end a strike with the brash move of a direct offer to workers, the planemaker and its largest union are taking...
Hedge funds bought yen right before the biggest drop in 15 years
HEDGE funds turned bullish on the yen just before dovish comments by Japan’s new prime minister and a robust US jobs report helped spark the worst week for Japan’s...
Hot stock: Qian Hu jumps 24% to 7-year high after news of leadership changes
Kenny Yap is to step down as executive chairman at the end of the year and will be replaced by his nephew, chief executive Yap Kok ChengSHARES of Qian...
Samsung’s profit recovery seen weakening in Q3
SAMSUNG Electronics is expected to flag more than a four-fold jump in quarterly profit on Tuesday (Oct 8) on improving demand for chips, but the pace of its recovery...
Singapore shares open higher on Monday; STI up 0.6%
SINGAPORE stocks began Monday (Oct 7) trading in positive territory, mirroring weekend gains in overseas markets. As at 9.01 am, the Straits Times Index (STI) rose 0.6 per cent or...
