Business
SMIC’s Nvidia-beating 120% stock rally faces chip war threats
SEMICONDUCTOR Manufacturing International Corporation’s (SMIC) stock has more than doubled over the past two months on an expected boost…
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.
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Business
Goldman, Morgan Stanley, Bank of America ask buyers of bank risk to disclose leverage
US BANKS including Goldman Sachs, Morgan Stanley and Bank of America (BOA) are asking investors to disclose whether they plan to use…
Business
US: Wall St opens higher after jobless claims data, Nvidia results
Wall Street’s main stock indexes opened higher on Thursday (Nov 21) after data reflected a robust labour market, and AI-heavyweight Nvidia…
Unsorted
Wealth hubs go on charm offensive to lure UK super-rich
THE Jumeirah hotel in London’s Knightsbridge has rooms at more than £6,000 (S$10,185) a night, with marble bathrooms, private dining rooms…
Business
ThaiBev’s FY2024 net profit dips 1% to 27.2 billion baht
THAI Beverage (ThaiBev) posted a net profit of 27.2 billion baht (S$1.1 billion) for its full year ended Sep 30, a marginal 1 per cent…
Business
Temu-owner PDD reports 44% rise in Q3 revenue; misses market estimates
CHINA’S PDD Holdings reported a 44 per cent rise in third-quarter revenue on Thursday (Nov 21), but still fell short of market estimates.…
Business
Alibaba integrates e-commerce platforms into a single business unit
ALIBABA Group will integrate all of its e-commerce platforms into a single business unit to be called the Alibaba E-commerce Business…
Business
Alibaba combines e-commerce arms to tackle growing competition
Alibaba Group will integrate its domestic Chinese and international e-commerce platforms into a single business unit run by one leader for…
Business
Singapore stocks fall amid regional sea of red; STI down 0.1%
SINGAPORE shares closed slightly lower on Thursday (Nov 21) as regional indices ended in the red, with the imminent threat of US trade…
Business
China’s Baidu says advertisers still subdued as revenue falls 3%
CHINA’S Baidu on Thursday (Nov 21) said it had not yet seen any notable improvement in advertising spending patterns or consumer spending…
Business
Chinese broker Futu cuts 5% of staff as global expansion slows
CHINA’S online brokerage Futu Holdings is reducing its headcount by about 5 per cent as it reassesses the firm’s strategy to expand…
Business
South Korea’s AI chip investor announces plan for share buybacks
SK SQUARE, the holding company of SK Hynix, a maker of artificial intelligence chips, on Thursday (Nov 21) announced a plan to buy back…
News
India’s Adani Group sees US$22 billion in value wiped off after US indictments
SHARES of Adani Group companies lost about US$22 billion in market value in early trade on Thursday (Nov 21) after US prosecutors charged…
News
US indictments scythe US$27 billion off value of India’s Adani Group firms
ADANI Group companies lost about US$27 billion in market value on Thursday (Nov 21) after US prosecutors charged the Indian conglomerate’s…
Business
Starbucks is said to consider selling stake in Chinese business
STARBUCKS is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to…
Business
Chinese healthcare businesses wade into South-east Asia for cost-efficiency, growth
Beijing-based healthcare private equity firm with US$3.4 billion AUM aims to set up a fund for Chinese companies expanding into region…
Business
China’s healthcare businesses wade into South-east Asia for cost-efficiency, growth
Beijing-based healthcare private equity firm with US$3.4 billion AUM aims to set up a fund for Chinese companies to expand into region…
Business
Kioxia market value set at 750 billion yen, Japan chipmaker to receive listing approval: sources
BAIN-BACKED Kioxia will have a market value of about 750 billion yen (S$6.5 billion) based on the indicative price for its initial public…
Business
Asia: Markets mixed as Nvidia falls short of hopes, eyes on Trump
ASIAN markets were mixed on Thursday (Nov 21) as another blockbuster earnings from chip titan Nvidia smashed forecasts but still left…
Business
Bitcoin climbs closer to US$100,000 on Trump’s support for crypto
BITCOIN closed in on the historic US$100,000 level, fuelled by optimism that President-elect Donald Trump’s support for crypto heralds a…
Business
Hyundai unveils big electric SUV in fast-growing market
HYUNDAI Motor unveiled its first three-row electric SUV on Wednesday (Nov 20), pushing into a market for big family cars that global…
Business
Canada’s Manulife signs C$5.4 billion reinsurance deal to lower risk
CANADA’S Manulife Financial will reinsure C$5.4 billion (S$5.2 billion) of its reserves as it looks to transfer some risk from its…
Business
KPMG to spend US$100 million on AI partnership with Google Cloud
KPMG said on Wednesday (Nov 20) it would spend US$100 million over the next four years to bolster its enterprise artificial intelligence…
News
McDonald’s readies new US value lineup to entice diners back
MCDONALD’S is launching a new US value platform in an attempt to woo budget-conscious diners. The new lineup, called McValue, includes an…