Daewoo E&C boosts overseas business ops to spur growth
Daewoo Engineering & Construction chairman Jung Won-ju is ramping up efforts to expand the South Korean builder’s global network for…
ST Engineering to invest US$88mil in new sustainable data centre
Technology and engineering group ST Engineering is investing S$120mil over the next three years in a new data centre with…
SBV finalises circular on safety and security
The State Bank of Vietnam (SBV) has finalised a draft circular on safety and security in providing online services in…
‘Crazy’ to intervene on yen before PCE data
The next big pain point for the yen – and a potential trigger for intervention from Japan – may emerge…
Faster inflation raises risk of RBA rate hike
Australia’s inflation accelerated faster than expected for a third straight month in May, sending the currency higher as traders boosted…
Grid cleaning initiative enhances safe ops of substations
On June 19, State Grid Shizuishan Power Supply Co in Ningxia Hui autonomous region kicked off the washing of substations,…
Volkswagen to invest US$5bil in EV venture with Rivian
Volkswagen AG (VW) will invest US$5bil to form a joint venture with electric vehicle (EV) maker Rivian Automotive Inc, throwing…
Nervous investors tear up ESG playbooks
An anti-green backlash in 2024’s global election-supercycle is already taking a toll on environmental, social and governance (ESG)-focused assets, with…
Big-bank dealmakers to keep moving to boutiques
The flow of top dealmakers from traditional bulge-bracket firms to boutique investment banks is likely to continue as smaller shops…