Business
From Meta to Samsung, global tech unleashes spending to chase AI
Memory manufacturers are reallocating production lines towards lucrative HBM to satisfy the needs of AI data centres The world’s largest…
Swedan Margen
Swedan Margen contributes to Cosmopolitan Canada across fashion, style, culture, and entertainment.
The work spans trend coverage, cultural conversation, and stories drawn from the publication's editorial partners, with source attribution provided within individual articles where applicable.
Fashion · Style · Culture · Entertainment
Business
Japan’s Nidec delays results again, vows culture reform after crisis
The company’s founder Shigenobu Nagamori has already stepped down as chairman of the board Japanese electric motor maker Nidec delayed the…
Business
Nvidia, Microsoft, Amazon in talks to invest up to US$60 billion in OpenAI, The Information reports
IA, Amazon and Microsoft are in talks to invest up to US$60 billion in OpenAI, The Information reported on Wednesday. Nvidia, an existing…
Business
Apac institutional investors maintain conviction on private markets: Aviva Investors
Majority of institutional investors in Apac, or 49%, are expecting to increase allocations to private markets Institutional investors in…
Business
Apac investors most bullish globally on private markets, with nearly half planning to raise allocations
Institutional investors in Asia-Pacific (Apac) have the strongest conviction on private markets, with only 9 per cent planning to reduce…
Business
Indonesia shares hit by second trading halt after MSCI flags transparency concerns
Indonesian equities extended their sell-off on Thursday (Jan 29), triggering a temporary trading halt for the second consecutive day after…
Business
Indonesia shares pare losses after authorities pledge to address MSCI’s transparency concerns
Indonesia shares hit by second trading halt after MSCI flags transparency concerns Indonesian shares pared earlier losses on Thursday to…
Business
MBS Q4 earnings surpass S$1 billion to set new record
Marina Bay Sands (MBS) delivered “simply the greatest quarter in the history of casino hotels”, said Las Vegas Sands (LVS) chairman and…
Business
RHB lifts ST Engineering target price to S$10.70 on record contract wins
RHB Bank maintained its “buy” call on ST Engineering while raising its target price to S$10.70 from S$9.40, it said in a note on Thursday…
Business
One of China’s richest battery tycoons builds US$50 billion empire
CAO Renxian is one of China’s richest men in an industry the world cannot live without, yet almost no one outside the business knows his…
Business
Meta leans on improved ad business to fuel massive AI spending
Investors have historically been anxious about whether the company’s businesses will benefit meaningfully from its hefty AI investments…
Business
Federal Reserve’s Powell dodges questions on his future, but has advice for his successor
Federal Reserve Chair Jerome Powell stuck mostly to form on Wednesday, deflecting questions from the press about both his future at the…
Business
Australian bourse operator ASX jumps after appointments to its corporate governance advisory group
RALIA’S ASX appointed seven members to its newly constituted advisory group on corporate governance on Thursday, in line with the…
Business
Ringgit owes its surge to forces well beyond US dollar’s weakness
The Malaysian ringgit’s relentless rally is being driven by a range of structural factors beyond the US dollar’s broad weakness,…
Business
Goldman Sachs cuts rating on Indonesian equities after MSCI flags investability risk
Goldman Sachs lowered its rating on Indonesian equities on Thursday, a day after index provider MSCI flagged investability risks,…
Business
Sony, Singapore’s GIC to invest US$2 billion in music catalogues
The joint venture will give the Japanese entertainment company funds to build up its portfolio of songs Sony Group and Singapore’s GIC…
Business
Stocks to watch: Sembcorp, Mapletree Industrial Trust, Ho Bee Land
The following companies saw new developments that may affect trading of their securities on Thursday (Jan 29): Sembcorp Industries: The…
Business
Gold climbs to record above US$5,500 on bets for dovish Fed chair
Gold surged to an all-time high above US$5,500 an ounce, extending a breakneck rally fuelled by US dollar weakness and expectations the…
Business
Gold nears US$5,600/oz as investors seek safety, silver eyes US$120
— Spot gold extended its record-breaking rally on Thursday (Jan 29), edging closer to the US$5,600-per-ounce level as investors sought…
Business
ServiceNow strong results overshadowed by AI disruption fear
Like its peers, the company has worked to weave generative AI features through its tools and charge more for them ServiceNow gave a sales…
Business
DBS, OCBC, UOB target prices climb as banks hit record highs
Analysts are ratcheting up target prices for local lenders as their shares and the benchmark Straits Times Index (STI) scaled new peaks.…
Business
Nomura beats Goldman to top spot in a record year for Japan M&A
Foreign securities firms have secured numerous deals involving investments in the US, fuelled by the AI and semiconductor boom Nomura…
Business
Samsung’s profit triples to record high as AI boom exacerbates chip shortage
Samsung Electronics said its operating profit more than tripled to a record high in the fourth quarter, as the race to build artificial…
Business
Samsung sees strong AI demand after profit triples to record high
— Samsung Electronics said its operating profit more than tripled to a record high in the fourth quarter and forecast strong chip demand…