Business
US Fed official defends easing of bank oversight as concerns mount
THE US central bank’s top banking regulator on Tuesday defended efforts to revamp oversight of the sector, as she faces warnings that…
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Business
Business
CATL’s 92% rally in Hong Kong faces threat from lockup expiry
Besides cashing out on the stock’s stellar gains, investors have at least one more reason to sell: valuation Shares of Contemporary…
Business
Meta wins major antitrust case as US judge rules no monopoly
Ruling represents a setback for US antitrust enforcers who have pursued aggressive action against Big Tech companies A US judge dismissed…
Business
Boyu Capital considers bringing Tencent, GIC into Starbucks China deal
Boyu Capital is considering bringing in Tencent Holdings, GIC and potentially others as limited partners in its acquisition of a stake in…
Business
Nvidia, Microsoft invest US$15 billion in AI startup Anthropic
The massive investment comes a month after Nvidia announced it will pump as much as US$100 billion into OpenAI NVIDIA and Microsoft…
Business
AI bubble and growth fears are creeping into US credit markets
The malaise sweeping financial markets globally is creeping into credit markets. Risk premiums on everything from investment-grade…
Business
US: S&P 500 ends down for fourth day as valuation worries weigh, Home Depot drops
US stocks ended lower on Tuesday, with the S&P 500 putting in a fourth day of losses as valuation worries hit big technology-related…
Business
Europe: Shares close at one-month low on Fed rate cut worries, tech valuations
EUROPEAN shares fell on Tuesday, with those in Germany near a five-month low as a broad risk-off mood gripped global markets, sparked by…
Business
Roblox to scan users' faces to verify age amid stubborn child safety concerns
Roblox, a popular gaming platform that’s faced growing scrutiny over child safety concerns, said Tuesday it will require users to verify…
Business
France's $6.4 Billion Tax Break for Heirs Faces Crackdown After Shocking Audit
This article first appeared on GuruFocus. France's Dutreil succession regime is suddenly at the center of a fiscal storm, after the Cour…
Business
Google launches Gemini 3, embeds AI model into search immediately
Alphabet’s Google on Tuesday (Nov 18) launched the latest version of its artificial intelligence model Gemini, emphasising that the new…
Business
Power infrastructure provider Amperesand raises US$80m in oversubscribed Series A round
Amperesand, a next-generation power infrastructure provider for artificial intelligence (AI) data centres and critical power applications,…
Business
Temasek leads US$80 million funding in power infrastructure provider Amperesand
The Series A round is co-led by the Singapore investment company and Walden Catalyst Ventures Amperesand, a next-generation power…
Business
US: Wall St opens lower as valuation concerns, rate-cut jitters linger
Wall Street’s main indexes fell at the open on Tuesday (Nov 18), as concerns over lofty equity valuations and dimming chances of an…
Business
Temu-owner PDD Holdings beats profit expectations, outlook uncertain
Adjusted earnings per share of 21.08 yuan (S$3.86) beat analysts’ average forecast of 16.84 yuan China’s PDD Holdings beat forecasts on…
Business
Toyota lays out US$912 million plan to boost US hybrid production
Factories in West Virginia, Kentucky, Mississippi, Tennessee and Missouri will see 252 new jobs as a result of the initiative Toyota Motor…
Business
Oddity Tech Launches Methodiq, a Telehealth Platform
Oddity Tech is ready to unveil its third brand. The parent company of Il Makiage and SpoiledChild is debuting Methodiq, a telehealth…
Business
Amazon's Zoox offers free robotaxi rides in San Francisco
Amazon-owned Zoox is offering free rides on its San Francisco fleet of boxy, driverless taxis. The company said Tuesday it is providing…
Business
ChatGPT, X among sites blocked in widespread Cloudflare outage
ChatGPT and the social-media platform X were among the websites blocking some users’ access on Tuesday (Nov 18) as the web security firm…
Business
Xiaomi reports 81% jump in third-quarter profit on strong EV sales
Adjusted net profit reaches 11.3 billion yuan (S$2.1 billion), exceeding the average estimate of 10.3 billion yuan China’s Xiaomi reported…
Business
Xiaomi’s EV arm makes a profit for the first time
The division, which sold its first car last year, posts a profit of 700 million yuan in the September quarter Xiaomi reported quarterly…
Business
Temasek-backed Manner Coffee seeks Hong Kong IPO, 10 years after starting as tiny stall: sources
China’s Manner Coffee is considering an initial public offering in Hong Kong as soon as next year, according to people with knowledge of…
Business
Coliwoo expects stronger core profit despite lower net profit before tax for FY2025
Better profit is attributed to absence of net fair value gain on investment properties in the financial year ended Sep 30 Co-living…
Business
AkzoNobel, Axalta to merge creating US$25 billion paint giant
Under the merger, AkzoNobel shareholders will receive a US$2.5 billion dividend payout Dulux paint maker AkzoNobel said on Tuesday (Nov…