International news
News from wire services and other publishers.
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UBS faces 9% profit hit from latest Swiss capital plan
UBS has vowed to keep opposing the plans
VW, Gotion ramp up battery production in Europe, Morocco amid rising EV demand
Volkswagen Group and its Chinese partner Gotion High-tech have stepped up a gear in tapping global demand for electric vehicle (EV) batteries with plans to invest a combined €3.22 billion (US$3.66 billion) to set up…
Fuel surcharge for domestic, international flights rises to Level 17 on October 1-15, 2026
The fuel surcharge for the first half of October will rise to Level 17, three notches higher than the current Level 14, the Civil Aeronautics Board (CAB) said Monday.
Greenback near two-month high as US-Iran stalemate bolsters oil, Fed rate hike bets
The market focus is set to turn to American data releases
China is no longer just the world’s factory. It’s the HQ
The global electronics industry is entering a structural transition. For over two decades, China served as the dominant manufacturing centre, with an unmatched concentration of suppliers, skilled labour…
AIIB plans to double financing by 2030. Can it bridge Asia’s infrastructure gap?
The Asian Infrastructure Investment Bank (AIIB) plans to double its annual financing to about US$20 billion by 2030 as the Beijing-headquartered multilateral lender enters its second decade, its president said on…
Hong Kong office expansion lags hiring push as tenants optimise current space: Colliers
More than a third of Hong Kong’s office tenants are expecting to increase headcounts over the next 12 months, but only a fifth are likely to expand their real estate footprint, according to a survey by Colliers. The…
Chinese chip foundry CanSemi’s IPO oversubscribed 2,360 times as investors chase AI boom
Chinese chip foundry CanSemi Technology’s Shenzhen initial public offering (IPO) is emerging as one of mainland China’s most sought-after tech listings this year, as investors bet on its push into silicon photonics and…
Hong Kong finds gold-trading leader in former exchange executive Bryan Chan
The Hong Kong government has appointed Bryan Chan Ping-keung, a former executive at bourse operator Hong Kong Exchanges and Clearing (HKEX), as CEO to lead the development and operation of the city’s new central…
Indian firms ready US$3 billion of debt issues with eye on potential RBI rate hike
The move comes ahead of the central bank’s October 7 monetary policy decision
