Business
Micron to exit consumer memory business amid global supply shortage
Memory chipmaker Micron Technology said on Wednesday (Dec 3) that it will exit its consumer business, as it doubles down on advanced…
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Business
Business
Asian markets stumble as traders struggle to hold Fed cut rally
Bets on a US reduction on Wednesday have surged to around 90% in the past two weeks Asian markets struggled to maintain their early…
Business
Ship rates spiking 467% marks upended trade across commodities
Freight rates have eased slightly from a peak at the end of November, but elevated costs are reverberating across the shipping market…
Business
Paramount hikes Warner Bros breakup fee to US$5 billion
Paramount Skydance more than doubled the proposed breakup fee in its offer to acquire Warner Bros Discovery to US$5 billion, according to…
Business
Race for talent is on as bankers brace for IPO boom in Vietnam
Vietnam’s potential upgrade to emerging-market status by FTSE Russell in September has investment banks bulking up staff in anticipation…
Business
Gold holds steady after weak US jobs data reinforce rate-cut bets
Gold prices held steady above the US$4,200 mark on Thursday (Dec 4), buoyed by weak private payrolls data that reinforced expectations of…
Business
M&A boom fuels record decline in Japan’s listed companies
The country is mirroring the decline in listings in developed markets that has been going on for decades Japan has nearly as many listed…
Business
Ringgit rally, fiscal strength fuel Malaysia’s bond momentum
Malaysia’s improving fiscal outlook, moderating inflation and resilient currency are enhancing the appeal of its bonds, positioning them…
Business
Goldman, BlackRock rush to fill wealth-advice void in Australia
As governments everywhere struggle with ageing populations and ballooning deficits, the country’s superannuation system stands out as a…
Business
Stocks to watch: Cordlife, DFI Retail Group, SingLand, Tuan Sing, Vibrant Group
The following companies saw new developments that may affect trading of their securities on Thursday (Dec 4): Cordlife: The cord-blood…
Business
Nvidia’s Huang unsure whether China would accept its H200 chips
Allowing H200 sales to the Asian nation would mark a significant win for the world’s most valuable company Nvidia chief executive officer…
Business
Concerns of weak prospects at Low Keng Huat belie a history of strong shareholder returns
Over the past 16 years, its shares have delivered a total return higher than that of STI, CDL, Hongkong Land and UOL shares The offeror…
Business
Singapore’s SGX mulls bid for Cboe Australia, AFR reports
Australia’s financial regulator is working closely with the parent company to find a suitable buyer Singapore’s stock exchange is…
Business
Intel says it will keep networking and communications unit
The chip maker has considerably improved its cash position as a result, finance chief Dave Zinsner says Intel said on Wednesday (Dec 3)…
Business
Indexes close higher as data keeps Fed rate cut expectations elevated
US stocks advanced to close higher on Wednesday (Dec 3), as a flurry of economic data kept expectations elevated for an interest rate cut…
Business
European shares end flat; Inditex jumps on strong November sales
European shares ended largely steady on Wednesday (Dec 3), aided by gains for technology that offset sharp declines in financials, while…
Business
3 Pricing Moves Early Stage Teams Use To Unlock Profit
You can feel when your pricing is holding your company back. You see interest in your product, but the revenue never quite catches up. The…
Business
Fossil hunters find tracks of animals from about 3 million years ago – a first in South Africa
South Africa is well known for its fossil heritage, a record of plants and animals that tells us what the world was like long ago. Over…
Business
TikTok to invest more than 200 billion reais in Brazil data centre
ByteDance’s TikTok will invest more than 200 billion reais (S$49 billion) to build a data centre in Brazil, marking its first project in…
Business
Fed data suggests central bank has stopped losing money
The Fed’s deferred asset reflects losses that must be covered before it can resume payments to Treasury The Federal Reserve appears to…
Business
Federal Reserve ends three-year loss streak from Covid-era monetary policy
The Fed’s deferred asset reflects losses that must be covered before it can resume payments to Treasury The Federal Reserve appears to…
Business
Wall Street opens lower as investors assess data, Microsoft falls
Wall Street’s main indexes opened lower on Wednesday (Dec 3), as investors assessed data pointing to a weak jobs market, while Microsoft…
Business
DFI Retail Group hikes dividend payout ratio to 70% in three-year plan
The group is targeting a compound annual growth rate of 11 to 15% for its underlying profit DFI Retail Group has unveiled a three-year…
Business
Macy’s Q3 Report Reveals Improving Operations; 2025 Guidance Raised
Macy’s Inc., exceeded its own expectations on sales during the third quarter, boosting optimism for the holiday season and prompting the…