‘Gentle bubble’ forming in US tech stocks
Capital Group Cos is shuffling stakes in US technology names amid the blowout rally in the Magnificent Seven megacaps.
Trudeau’s pipeline project increases cost estimate
The expansion of the Trans Mountain oil pipeline will cost about C$3.1bil (US$2.3bil) more than the Canadian government-owned company running…
Tetra Pak to close Singapore factory affecting 300 workers
Food processing and packaging company Tetra Pak will be closing its plant in Jurong, a move that will affect about…
UK can’t roll over CO2 budget surplus, climate watchdog warns
Britain can’t use its past success at curbing emissions as a reason to slow down its current climate plans, or…
NZ central bank holds rates, surprising markets
New Zealand’s central bank is holding the cash rate steady at 5.5% and trimming the forecast peak for rates, catching…
Thrifty shoppers create new stock winners, losers
China’s price-conscious shoppers are trading down amid a fragile economic recovery, delivering a boon to firms that cater to the…
Property giants miss analysts’ profit estimates
Property giants City Developments Ltd (CDL) and CapitaLand Investment Ltd reported bigger-than-expected declines in full-year profits, after being battered by…
Vietnam invests over US$3.7bil in Development Triangle provinces
Vietnam has invested over US$3.7bil in 110 projects in the Laos and Cambodian provinces located in the three countries’ Development…
Chinese chip maker cleared in US criminal case
A Chinese chip maker was cleared of economic espionage and other criminal charges in a setback for a US Justice…