SHANGHAI: CATL, the world’s largest electric vehicle (EV) battery manufacturer, more than doubled its profit in the second quarter as Chinese authorities rolled out incentives to boost EV sales to cushion the impact of lockdowns during the period. CATL, whose clients include Tesla, Volkswagen and BMW, booked a net profitContinue Reading
No central bank’s 2022 has been turned upside down more abruptly compared to Yi Gang’s People’s Bank of China (PBOC). That’s saying a lot given the particular economic shocks further complicating the year for US Government Reserve Chairman Jerome Powell amid overheating risks. Or Western Central Bank Chief executive Christine Lagarde fighting an euro with 20-year lows. Or even […]
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SHANGHAI: Juneyao Group, the mother or father of Chinese provider Juneyao Airlines, programs to start making electric vehicles (EV), a couple with knowledge of the matter said, as it looks for to diversify from businesses that have been strike hard by COVID-19. Shanghai-based Juneyao, possessed by Chinese billionaire WangContinue Reading
SINGAPORE: Singapore’s core pumpiing rose further in order to 4. 8 per cent in July, driven mainly by more powerful increases in the prices of food, electricity and gas, standard data on Tuesday (Aug 23) showed. This is higher than the particular figure of 4. 4 per cent inContinue Reading
KUALA LUMPUR: The FBM KLCI remained in the red at midday even though it bounced off the intraday low in the final hr of morning industry. Understand full story Continue Reading
Apple Incorporation plans to start production iPhone 14 within India as the US tech giant looks for alternatives to The far east after Xi administration’s clashes with Wa and lockdowns across the nation disrupted production, Bloomberg News reported. The company continues to be working with suppliers in order to rampContinue Reading
Singapore ranked sixth in the world for surveillance down the platforms of four support firms Apple, Research, Meta and Microsoft company, based on a study. Read total story Continue Reading
Aims to connect the funding gap for SMEs in SEAÂDisbursed US$2. 6 bil via 5. 1 mil transactions across the region Funding Societies has announced the putting your signature on of an US$50 mil (RM223 million) credit facility with HSBC Singapore to continue growing the firmâs achieve to underserved SMEs in…Continue Reading
Prime Minister Prayut Chan-o-cha yesterday met the recently appointed Myanmar ambassador to Thailand to discuss trade cooperation and Thai-Myanmar border issues, according to Government Home.Continue Reading
KUALA LUMPUR: The FBM KLCI slumped more than 1% on Monday, with main regional markets in debt, as investors assess the risks of interest rate hikes by the US Federal Reserve. Read full story Continue Reading