US leads global oil production for sixth straight year: EIA (www.businesstimes.com.sg)
Japan’s economy slips into recession, raises BOJ policy uncertainty (www.businesstimes.com.sg)
Reddit revenue rises 20% ahead of IPO, but it isn’t profitable yet (www.businesstimes.com.sg)
REDDIT posted a more than 20 per cent rise in revenue in 2023 versus the year before, sources familiar with the situation said, as it prepares for one of the United States’ most anticipated potential initial public offerings (IPOs).
BYD first China marque to break into Singapore’s top 10; Toyota, Mercedes, BMW still the top three (www.businesstimes.com.sg)
China wants its massive EV fleet to plug in and charge the power grid (www.businesstimes.com.sg)
By 2040, EVs in China could have enough capacity to supply all of the country’s peak demand needs if they were V2G-capable
Malaysia bans Israeli-flagged ships in response to Gaza war (www.businesstimes.com.sg)
Thailand pitches US$28 billion Malacca Strait bypass project to US (www.businesstimes.com.sg)
China snubs Canada as restrictions on tourism travel lifted (www.businesstimes.com.sg)
CHINA – a major source of outbound tourists – has left Canada off a list of countries now approved for travel by tour groups, its embassy in Ottawa said on Wednesday (Aug 16), due to anti-Beijing rattling by Ottawa....
Latest T-bill offers 3.99% cut-off yield (www.businesstimes.com.sg)
Latest round of 6 months t-bills at close to 4% yield.