China July car sales growth slows on weak hybrid demand, price war curbs
[SHANGHAI] China’s car sales growth slowed in July partly due to weaker demand for hybrids, as regulators in the world’s biggest auto market crack down on a price war that has bruised the industry. Sales rose 6.9 per cent from July 2024 to 1.85 million cars, down from an 18.6 per cent year-on-year increase in…
Read MoreChina tells brokers to stop touting stablecoins to cool frenzy: sources
[BEIJING] China told local brokers and other bodies to stop publishing research or hold seminars to promote stablecoins, seeking to rein in the asset class to avoid instability. Some leading brokerages and think tanks in late July and earlier this month received guidance from financial regulators, urging them to cancel seminars and halt disseminating research…
Read MoreIReit Global sees risk of losing potential lawsuit as ‘remote’, takes no action for now
[SINGAPORE] The manager of IReit Global does not plan to take any steps to mitigate the impact of a potential lawsuit from its main tenant for now, citing the “remote” chance of the case succeeding. If the dispute proceeds, however, it could take “several years” to resolve. The manager of the Europe-focused real estate investment…
Read MoreSoftBank shares hit record high on AI prospects
[TOKYO] Shares in SoftBank Group jumped more than 13 per cent to a record high on Friday (Aug 8) in a show of investor support for the Japanese technology investor’s AI push after first quarter profit beat expectations. SoftBank’s share price hit 14,205 yen at the close of morning trading and finished the day up…
Read MoreSingapore semiconductor firms are exposed to planned US tariff, but impact may vary: analysts
[SINGAPORE] Semiconductor-related firms in Singapore are under the spotlight after President Donald Trump’s threat of a US semiconductor tariff. However, the impact of the levy will vary based on each company’s exposure levels, said analysts on Friday (Aug 8). On Thursday, Trump announced that he will impose a 100 per cent levy on imports that…
Read MoreSingapore semiconductor firms are exposed to planned US tariffs, but impact may vary: analysts
[SINGAPORE] Semiconductor-related firms in Singapore are under the spotlight after President Donald Trump’s threat of US semiconductor tariffs. However, the impact of the levy will vary based on each company’s exposure levels, said analysts on Friday (Aug 8). On Thursday, Trump announced that he will impose a 100 per cent levy on imports that include…
Read MoreMesa Father Arrested After Fatally Punching Infant for ‘Crying Too Much,’ Then Telling Cops a Different Story
A Mesa father has been arrested over the death of his infant daughter who was found with “catastrophic injuries” nearly two weeks ago. Mesa police arrested 22-year-old Jonathan Enriquez on Wednesday and booked him into the Maricopa County jail on accusations of first-degree murder and felony child abuse, as reported by AZFamily. According to court…
Read MoreTicker glitch, rising competition deepen woes for Australian bourse
[SYDNEY] ASX is grappling with rising regulatory pressure and intensifying competition, as shares of Australia’s main exchange operator trail most of its global peers. In just two days, a bungled market announcement, a threat to its long-standing dominance and surprise expenses tied to an ongoing regulatory probe dented confidence in the exchange and heaped more…
Read MorePopiah king Sam Goi makes chain offer for Tat Seng Packaging after PSC offer turns unconditional
[SINGAPORE] Local tycoon Sam Goi has launched a cash offer to buy all shares of Tat Seng Packaging that he does not yet own at S$0.899 apiece. He is obliged to make an offer for the company’s shares, given that his offer for shares of its controlling shareholder PSC Corporation turned unconditional on Thursday (Aug…
Read MorePrice gap narrows between combustion and electric cars in Germany
The price gap between electric cars and combustion vehicles is narrowing in Germany, according to calculations by industry expert Ferdinand Dudenhöffer. When comparing the most popular models, the gap is now under €3,000 ($3,494), taking into account discounts and other pricing instruments, Dudenhöffer said. Just a year ago, it was more than double that amount.…
Read MoreChina cuts coal imports, buys more oil and gas in July
[SINGAPORE] China’s coal imports fell for the fifth time in six months in July as Beijing leans more on domestic mining, while boosting oil and gas imports to meet energy needs. At the same time, rising exports to Asean underscores the country’s growing trade focus on regional partners as negotiations with the US progress. Based…
Read MoreGrand Rapids Man Who Fatally Shot Wife After She Served Him Divorce Papers 6 Months into Their Marriage, Sentenced
A Grand Rapids, Michigan, man will spend decades behind bars for killing his wife, fatally shooting her 15 times in a fit of anger after she served him divorce papers. On Thursday, Aug. 7, Marcus Durayalle Lofton, 44, was sentenced to serve 25-50 years behind bars on a second-degree murder charge over the slaying of…
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