Business
China’s GWM targets 300,000 annual production with first Europe car plant
Chinese automakers are increasingly looking to expand overseas as a way of escaping a brutal, prolonged price war touched off by domestic…
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Business
Business
RHB initiates coverage on Keppel Infrastructure Trust with ‘buy’ call
The analyst sets a target price of S$0.55 and says the trust should have a ‘modestly growing’ distribution profile RHB on Wednesday (Nov…
Business
Indonesian fund to raise another 12.6 trillion rupiah from patriot bonds
Indonesian sovereign wealth fund Danantara is raising an additional 12.6 trillion rupiah (S$991 million) through a debt offering to the…
Business
Asian stocks extend global rally as data boost rate cut hopes
ASIA extended a global equities rally on Wednesday after another round of tepid US data reinforced expectations that the Federal Reserve…
Business
Brookfield builds decarbonisation platform with maiden renewable investments in the Philippines, Thailand and Vietnam
The global investment firm aims to catalyse platforms that deliver reliable, low-carbon energy Brookfield Asset Management has made its…
Business
Brookfield builds decarbonisation platform in South-east Asia
This marks its first renewables investments in the Philippines, Vietnam and Thailand Brookfield Asset Management has made its first…
Business
Couple rakes in US$9 billion as AI circuit board shares soar 530%
When Nvidia chief executive officer Jensen Huang hosted a private banquet for suppliers in Taiwan in May, the room was packed with some of…
Business
Chinese bonds see no haven demand from stock losses on PBOC bets
The central bank’s reluctance to ease its policy further remains the core issue weighing on the debt market China’s stock and bond markets…
Business
Gold drifts higher on US rate cut expectations
Markets are pricing in an 84% chance of a Fed rate cut next month, compared to 50% last week, according to CME Group data Gold prices…
Business
Seatrium bags new BP contract; lifts order book to more than S$2 billion
Marine engineering company Seatrium on Wednesday (Nov 26) announced that it has been awarded a contract from BP Exploration and Production…
Business
New Zealand central bank cuts cash rate by 25 bps to 2.25%
New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25 per cent on Wednesday, its lowest level since…
Business
Brookfield, GIC to weigh buyout of National Storage Reit: sources
The volume of mergers and acquisitions involving Australian companies as either targets or sellers has fallen to around US$70 billion this…
Business
Brookfield, GIC bid for National Storage in A$4 billion deal
The Sydney-listed company operates more than 270 storage centres across Australia and New Zealand — Brookfield Asset Management and…
Business
Stocks to watch: Singtel, Nio, ThaiBev, Seatrium, ComfortDelGro, Coliwoo, NoonTalk
The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 26): Source link
Business
Google, the sleeping giant in global AI race, now ‘fully awake’
Several tech companies have plotted ways to develop their own semiconductors or forge ties that make them less reliant on Nvidia’s…
Business
Apple set to become world’s top phone maker, overtaking Samsung
The upcoming 2026 debut of a foldable iPhone and a budget-friendly iPhone 17e will both help sales Apple will retake its crown as the…
Business
Dell forecasts upbeat growth targets on strength in AI server sales
DELL forecast fourth-quarter revenue and profit above Wall Street estimates on Tuesday, as increasing investments in data centres to…
Business
Gambling, prediction markets create new credit risks, Bank of America warns
The bank says that there are already worrisome signs in some indicators of consumer stress, citing a US News survey Bank of America (BOA)…
Business
HP to cut about 6,000 jobs by 2028, ramps up AI efforts
HP SAID on Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to streamline operations and…
Business
Crypto crash weighs on US IPOs as candidates push out timing
Returns from new US listings have waned considerably this quarter and the crypto crash has made recent initial public offerings (IPOs) in…
Business
US: Wall Street ends higher as Federal Reserve rate cut bets gather momentum
Wall Street extended its rally on Tuesday as a spate of economic data appeared to support the case for the US Federal Reserve to implement…
Business
Europe: Shares jump on Ukraine peace prospects, US rate cut hopes
EUROPEAN shares extended gains on Tuesday, led by materials and financial stocks, as investors continued to draw optimism from prospects…
Business
Joan Branson: Sir Richard Branson's Wife of 50 Years Dies Aged 80 as Heartbroken Virgin Tycoon Pays Tribute
Sir Richard Branson has shared the heartbreaking news that his wife of 50 years, Lady Joan, has died. Branson announced her death in a…
Business
Singapore: 23-Year-Old Motorcyclist Rushed to Hospital Following Accident in Bukit Batok; Van Driver Assisting with Investigations
A 23-year-old motorcyclist was rushed to hospital on Monday, November 24, following an accident involving her motorcycle and a van in…