Markets

FRANKFURT: Daimler said Thursday (Nov 14) it planned to cut jobs to save more than €1 billion (US$1.1 billion) by the end of 2022, as the German luxury carmaker grapples with an expensive switch to greener vehicles. The Mercedes-Benz maker has also been hit by expensive recalls, a slowing global...

Alibaba Group will carry out Hong Kong’s first paper-less stock market listing with its US$13.4 billion share sale, according to a source with knowledge of the matter, ending the long-held tradition of Hong Kong investors queuing in bank branches to place stock orders.

KEPPEL Corp's unit KC Management One will buy a 50 per cent stake in Pierfront Capital Fund Management (PCFM), a subsidiary and investment manager of Pierfront Capital Mezzanine Fund (PCMF), for US$7.8 million.

China and the United States are holding in-depth discussions on the first phase of a trade pact, and cancelling tariffs is an important condition to reach a deal, the Asian giant's commerce ministry said on Thursday.

Calm and considered, incoming BHP Group Ltd chief executive Mike Henry is seen as a safe pair of hands to steer the world's largest mining company through what he says are uncertain times.

To unclog bottlenecks last year at his Tesla Inc plant in California, Elon Musk flew in six planeloads of new robots and equipment from Germany to speed up battery production for its Model 3.

Activist investor Carl Icahn has bought a US$1.2 billion stake in HP Inc and is pushing for the personal computer maker's merger with printer maker Xerox Corp , arguing that a union could yield big profits for investors, the Wall Street Journal reported on Wednesday.

DBS analysts are expecting the euro to keep underperforming against the Singapore dollar, according to a research note released by the bank on Thursday. 

China's economy betrayed further signs of strain on Thursday with data showing a sharp slowdown in consumer spending and factory production while investment growth hit a record low as the trade US war takes its toll.

U.S. Senator Elizabeth Warren questioned Goldman Sachs's response to allegations of bias in how the bank evaluates applicants for Apple Inc's credit card, suggesting it should pull down the algorithm if it cannot be explained, Bloomberg reported on Wednesday.