Newsfeed – Business News
What to know about Chinese‑founded fast‑fashion giant Shein as it prepares Hong Kong IPO
BEIJING, Aug 24 — Shein, the Chinese-founded retailer that harnessed social media to chart a meteoric rise in the global fast-fashion industry, will debut on the Hong Kong stock exchange […]
Ringgit slips as markets weigh US ‘economic D‑Day’ threat and Jackson Hole risks
KUALA LUMPUR, Aug 24 — The ringgit ended lower against the greenback today as the threat of an “economic D-Day” on Iran, policy risks ahead of the Jackson Hole symposium […]
Millions of Teslas recalled in China over door‑handle hazard and steering‑assist issues
BEIJING, Aug 24 — Tesla is recalling nearly three million cars in China with interior door handles that could hamper a person’s ability to exit their vehicle in an emergency, […]
Bursa Malaysia ends flat as investors await earnings for direction
KUALA LUMPUR, Aug 24 — Bursa Malaysia ended marginally lower today as investors awaited further corporate earnings results for clearer market direction, an analyst said. At 5pm, the FTSE Bursa […]
Hyundai faces renewed wage talks after 40,000 workers staged full‑day walkout
SEOUL, Aug 24 — The union representing workers at South Korean automaker Hyundai Motor said today it had resumed wage talks with management after staging its first full-day strike in […]
Oil prices drop as Trump readies ‘most crushing’ financial operation against Iran
HONG KONG, Aug 24 — Oil prices fell today as investors braced for details of a US plan to isolate the Iranian economy that President Donald Trump billed as the […]
Shein sets September 1 Hong Kong debut at up to US$27b valuation
HONG KONG, Aug 24 — Shein will debut on the Hong Kong stock exchange on September 1, the fast-fashion retailer said today, in a long-awaited listing that would value […]
Ringgit opens higher against US dollar on strong economic data
KUALA LUMPUR, Aug 24 — The ringgit opened higher against the US dollar and a basket of major currencies on Monday, supported by Malaysia’s strong economic data, an analyst said. […]
Anthropic eyes US$100b-plus IPO, potentially eclipsing SpaceX
SAN FRANCISCO, Aug 24 — The market debut of artificial intelligence start-up Anthropic, a chief rival to OpenAI, could break the record set by SpaceX, US media have reported. Elon […]
How a small Austrian town found itself at the heart of the AI hardware race
LEOBEN, Aug 23 — Nestled in the wooded hills of Austria’s Styria region, the town of Leoben oozes tradition with its pastel-coloured buildings and quaint central square boasting a 13th-century church. […]