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Markets

Volkswagen invests US$2.2b in Chinese electric vehicle sector

Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market".

Markets

Renault to restructure French factories in high-stakes reboot plan

French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France as it cuts some 15,000 jobs worldwide and tries to refocus to survive a slump in sales.

Markets

Broker’s take: KGI initiates coverage on iFast with ‘outperform’ call

KGI Securities has initiated coverage on iFast Corporation with an "outperform" call and target price of S$1.21.

Markets

With ‘Main Street’ in view, Fed weighs risks of job, productivity shocks

U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a "bridge" to the post-pandemic world.

Markets

Virgin Australia’s administrator to shortlist two bidders early next week

The administrator of Virgin Australia Holdings Ltd said it expected to shortlist two preferred bidders early next week after parties confirmed non-binding indicative proposals to acquire the airline on Friday.

Markets

Citi Singapore in no hurry for staff to return to workplace

CITI Singapore will extend its work-from-home arrangements till July even as "circuit-breaker" measures ease from June 1. 

Markets

Travel disruptions, cost-cutting key issues for US business in China: Report

Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group.

Markets

Argentina says new debt revamp proposal in right direction, still falls short

Argentina's economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right direction, but still fell short of what the country needed to strike a deal.

Markets

Government surveillance bill withdrawn in US House

The House of Representatives on Thursday dropped consideration of legislation that would have extended U.S. surveillance tools, after President Donald Trump threatened a veto and his fellow Republicans withdrew their support.

Markets

Trump signs order targeting social media after tweets flagged

WASHINGTON: President Donald Trump signed an order on Thursday (May 28) seeking to strip social media giants like Twitter of legal immunity for content on their platforms in a move slammed by his critics as a legally dubious act of political revenge. The executive order calls on government ...

Markets

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