Biden says US to likely invest billions in semiconductor packaging in Canada
Advertisement Business U.S. President Joe Biden speaks during a joint news conference with Canadian Prime Minister Justin Trudeau, in Ottawa, Ontario, Canada, March 24, 2023. [more]
US Justice Dept’s Google advertising case gets fast-paced schedule
A federal judge on Friday set a fast-paced schedule in the U.S. Justice Department's antitrust lawsuit challenging Google LLC's digital advertising technology practices, moving the [more]
US, Canada plan North American chip corridor, starting with IBM expansion
Advertisement Business FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo 25 [more]
Rivian to relocate staff to Illinois EV plant to accelerate production – WSJ
Rivian Automotive Inc is relocating parts of its manufacturing engineering team to Illinois to speed up production, the Wall Street Journal reported on Friday, citing [more]
Lula to seek Chinese semiconductor technology, investment in Beijing
BRASILIA : Brazil will seek Chinese technology and investment to develop a semiconductor industry in the South American country despite U.S. attempts to discourage association [more]
After battling back to health, Deutsche Bank faces new turbulence
FRANKFURT; Storied German lender Deutsche Bank had just been getting back on its feet after years of scandals - but now faces new turbulence after [more]
UniCredit leaning towards repaying AT1 bond in June: source
UNICREDIT is leaning towards repaying a perpetual bond at the earliest opportunity in June, a source close to the matter told Reuters, in a move [more]
Swiss franc grapples with safe-haven identity crisis after Credit Suisse
THE Swiss franc hasn't lived up to its safe-haven reputation during the Credit Suisse collapse, as investors have sought shelter elsewhere, bringing more of a [more]
‘No regrets’ in choosing a political career over mathematics: PM Lee
GETTING Singaporeans to trust him is an "unending task", said Prime Minister Lee Hsien Loong. Read More
Asean-China economic cooperation can progress faster when political issues are also worked on: PM Lee
POLITICAL issues between Asean and China will need to be worked on to pave the way for further progress on economic cooperation, said Prime Minister [more]
Irrational market blamed for Deutsche Bank share plunge; Citi analysts warn of self-fulfilling prophecy
DEUTSCHE Bank shares plunged the most in three years on Friday (Mar 24), suggesting that a week of soothing words from central bankers and politicians [more]
Analysis:Coinbase, SEC on collision course for ‘existential’ clash over crypto industry
NEW YORK/WASHINGTON : Coinbase debuted on the U.S. stock market on April 14, 2021 - the same day U.S. senators confirmed Gary Gensler to lead [more]
Banking regulators increase scrutiny of ‘shadow’ bank exposures
GLOBAL banking regulators will step up scrutiny of how risks from systemically important shadow banks could destabilise lenders, a top banking regulator said on Friday [more]
Chinese property developer Kaisa forecasts loss of up to about $2 billion
Advertisement Business FILE PHOTO: A sign of the Kaisa Holdings Group is seen at the Shanghai Kaisa Financial Centre, in Shanghai, China, December 7, 2021. [more]
Russians reluctantly embrace Chinese cars after Western brands depart
MOSCOW : As the exodus of Western carmakers narrows options for Russian consumers, Chinese automakers are filling the gap, forcing Russians to overcome their reluctance [more]
US: Wall Street opens lower as bank contagion worries rise
WALL Street's main indexes opened lower on Friday (Mar 24) as concerns over the banking sector's health sapped the appetite for financial stocks. Read More
Eurozone banks resilient, ECB can provide liquidity if needed, says Lagarde
EUROPEAN Central Bank head Christine Lagarde told EU leaders eurozone banks were resilient because they have strong capital and liquidity positions, but that the ECB [more]
Deutsche Bank settles lawsuit over US$1.6 billion Bernard Madoff claims
DEUTSCHE Bank has settled a lawsuit in which it accused two offshore funds of reneging on an agreement to sell it US$1.6 billion of claims [more]
South Korea’s LGES in talks with Toyota to supply EV batteries -CEO
Advertisement Business FILE PHOTO: An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. [more]
Binance halts deposits, withdrawals on glitches in spot trading
CRYPTOCURRENCY exchange Binance has paused deposits and withdrawals on its platform due to issues affecting its spot trading, its chief executive Changpeng Zhao said in [more]
Ongoing banking worries mean no respite for world stocks
GLOBAL stocks came under pressure on Friday (Mar 24) from lingering concerns about the stability of the banking system, while safe-haven buying supported government bonds. [more]
UK drops console concern over Microsoft-Activision deal
LONDON: Britain's competition regulator said Microsoft's 69-billion purchase of Call of Duty maker Activision Blizzard would not harm competition in gaming consoles, removing a major [more]
Binance says withdrawals have resumed after technical glitches
LONDON :Cryptocurrency exchange Binance has resumed withdrawals on its platform after technical issues affected spot trading, the company said in a tweet. Binance suspended deposits [more]
China to implement zero tariffs on coal imports to end-2023: State media
BEIJING: China will extend some preferential tax policies and continue to implement zero tariffs on coal imports until the end of this year, state media [more]