Business
Alibaba’s main AI app debuts strongly in effort to rival ChatGPT
Qwen’s debut underscores how AI apps have set new highs for rapid adoption in recent times Alibaba Group Holding’s Qwen app drew more than…
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Business
Business
Singapore court clears way for US$2.7 billion suit against Stanchart in 1MDB scandal-linked claim
Claims involve alleged US$150 million deposit to Najib Razak and millions for Rosmah’s bags and jewellery The Singapore High Court has…
Business
Indian central bank likely intervenes to prop up rupee before local market open, traders say
The Reserve Bank of Indian likely intervened to support the rupee before the local spot market opened on Monday, four traders told…
Business
Asia: Stocks rise as US rate hopes soothe nerves after torrid week
ASIAN markets mostly rose on Monday as fresh hopes for a US interest rate cut provided some calm after last week’s rollercoaster ride…
Business
Surging Chinese imports of Indonesia oil point to rebranded Iranian crude, traders say
China’s imports from Malaysia have almost halved since July from this year’s peak in March at 8.5 million tonnes China is importing…
Business
Owning luxury hotels is tough; long term rewards await patient capital
Jardine Matheson and Frasers Property could gain from hotel ownership over the long term The prestige associated with owning luxury hotels…
Business
Lenovo stockpiling PC memory due to ‘unprecedented’ AI squeeze
The company will aim to avoid passing on rising costs to its customers in the current quarter, as it wants to sustain this year’s strong…
Business
Three companies picked to supply methanol at Singapore port in drive to be sustainable bunkering hub
Global Energy Trading, Golden Island and PetroChina issued licences to supply methanol as marine fuel The Maritime and Port Authority of…
Business
Gold dips as US dollar firms on reduced rate-cut prospects
The precious metal, a non-yielding asset, tends to do well in low-interest-rate environments Gold prices dipped on Monday (Nov 24),…
Business
Marco Polo Marine expects ‘significantly higher’ FY2025 net profit
This is mainly due to impairment loss reversals on certain vessels and the disposal of its stake in Marco Polo Offshore Marine logistics…
Business
Macquarie Asset Management offers US$7.5 billion for logistics firm Qube
The Australian logistics and shipping-containers’ operations span container leasing, car and grain cargo terminals, and road and rail…
Business
Lum Chang Creations subsidiary secures 2 contracts worth S$63.4 million
Urban revitalisation specialist Lum Chang Creations on Monday (Nov 24) said its wholly owned subsidiary, Lum Chang Interior, clinched two…
Business
Stocks to watch: Jardine Matheson, Mandarin Oriental, BRC Asia, Lum Chang Creations
The following companies saw new developments that may affect trading of their securities on Monday (Nov 24): Jardine Matheson: The Hong…
Business
Snap starts checking users ages before Australian under-16 ban
SNAP will start checking many users’ ages in Australia as it prepares for a world-first social media ban for under-16s next month.…
Business
SGX-Nasdaq dual-listing bridge may afford GIC, Temasek bigger role in revitalising local market
MAS says EQDP and the Anchor Fund @ 65 will support fundraising activity and trading liquidity on the new Global Listing Board As one…
Business
Nasdaq 100 rally shows signs of stalling
SINCE early November, the Nasdaq 100 index has seen a notable pullback of around 6 per cent as at the time of writing last week, driven…
Business
Nvidia didn’t save the market. What’s next for the AI trade?
An index of chip-related stocks is down 11% in November and on pace for its worst month since 2022 Wall Street thought blowout earnings…
Business
China Insight: Hitting 100 Million RMB in One Night — What Chicjoc Got Right
China’s Double 11 shopping period this year once again proved the scale of the country’s consumer market: online retail sales reached…
Business
BRC Asia H2 profit falls 5% to S$52.2 million
Steel solutions provider BRC Asia reported a 5 per cent decrease in net profit for the second half of the year to S$52.2 million, from…
Business
Wingtech urges Nexperia to respond on control dispute as it appeals Dutch decision over ownership
The Dutch suspend their Nexperia intervention but but do not revoke the original Sep 30 ruling [AMSTERDAM/BEIJING] Chinese semiconductor…
Business
BHP makes renewed takeover approach to Anglo American: sources
BHP Group has made a renewed takeover approach to Anglo American, the London-listed miner that is itself seeking to reshape the industry…
Business
Investors eye holiday season turbulence amid AI and rate cut doubts
A crucial uncertainty set to dog markets in coming days is whether the Fed will cut rates at its Dec 9 to Dec 10 meeting Stock market…
Business
Beyond property development: Far East Orchard leans on student accommodation for recurring income
When real estate veteran Alan Tang took over as group chief executive officer of Far East Orchard (FEOR) on Jan 1, 2020, few could have…
Business
Beyond hospitality: Far East Orchard leans on student accommodation for recurring income
When real estate veteran Alan Tang took over as group chief executive officer of Far East Orchard (FEOR) on Jan 1, 2020, few could have…