investment

Exclusive: Grab to cut more costs amid economic chill

Grab Holdings Southeast Asia's biggest ride-hailing and food delivery firm, is cutting more costs to cope with an uncertain economic…

3 years ago

ECB to slow rate hikes and lay out plans to drain cash

The European Central Bank is set to raise interest rates for the fourth time in a row on Thursday, although…

3 years ago

Germany’s half-a-trillion dollar energy bazooka may not be enough

Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war…

3 years ago

Goldman Sachs to stop making unsecured consumer loans – source

Goldman Sachs Group Inc plans to stop originating unsecured consumer loans, a source familiar with the move told Reuters on Monday,…

3 years ago

Exclusive: China readying $143 billion package for its chip firms in face of U.S. curbs

China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry, three sources…

3 years ago

U.S. finalizes $2.5 billion loan to GM, LG battery joint venture

The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of…

3 years ago

Exclusive: Morgan Stanley to slash 2022 banker bonuses in Asia by up to half

Morgan Stanley plans to slash investment bankers' annual bonuses by as much as 50% in Asia, said two people with…

3 years ago

China shipyards feast on record LNG tanker orders as South Korea builders are full up

China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners…

3 years ago

Exclusive: Air India nears historic order for up to 500 jets

Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars…

3 years ago

Israel targets ‘smart’ cities with new 5G mobile auction

Israel urged mobile firms to expand the deployment of fifth-generation sites to allow for 'smart' stadiums and hospitals on Wednesday,…

3 years ago