Expensive US chip stocks at risk of sell-off
The artificial intelligence (AI) furore gripping the stock market has the shares of chipmakers like Nvidia Corp soaring, making them…
State power company enables green energy revolution in Suzhou
Due to decades of coal mining, the land across Suzhou in Anhui province has been left with many mining pits.
Yen hits 34-year low, sparking intervention hints
The yen dropped to its lowest level since 1990 yesterday, into the zone that triggered intervention by Japanese authorities in…
Mexican billionaire Salinas’ telecom bonds soar on exchange deal
Bonds from Mexican billionaire Ricardo Salinas’ telecom Total Play Telecomunicaciones soared to the highest in a year, days after the…
China opens WTO dispute against US subsidies
China has initiated dispute settlement proceedings against the United States at the World Trade Organisation (WTO) to safeguard its interests…
China confuses yuan traders with surprise changes to fixing
Traders seeking to navigate the most crucial part of China’s foreign exchange management are finding visibility getting increasingly cloudy.
Li-Cycle cutting 17% of workers to save cash
Battery recycler Li-Cycle plans to lay off 17% of its employees – including three senior executives – as it pares…
Osim billionaire on the hunt for new businesses
The man whose name is synonymous with Osim massage chairs is always on the hunt for new opportunities, and Ron…
Phillips 66 eyes sale of pipeline stake worth US$1bil
US oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it…