Business
Uber to plan investments in Hong Kong listings of Pony AI, WeRide
UBER Technologies is planning to invest in the Hong Kong listings of Pony AI and WeRide, according to people familiar with the matter,…
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Business
Business
US: Wall St opens at record highs, spotlight on corporate earnings
Wall Street’s main indexes opened at record highs on Tuesday (Oct 28) after upbeat forecasts from companies such as UnitedHealth and UPS,…
Business
Apple races past US$4 trillion market value as latest models revitalise iPhone sales
Apple topped US$4 trillion in market value for the first time on Tuesday (Oct 28), the third Big Tech company to hit the milestone, as…
Business
HSBC Forecasts Robust 7.9% GDP Growth for Vietnam in 2025
Vietnam's GDP is predicted to grow 7.9 percent in 2025, according to a report published Tuesday by local media outlet VNExpress, which…
Business
PayPal raises earnings guidance after announcing OpenAI deal
PayPal Holdings raised its full-year earnings guidance and announced a tie-up with OpenAI to embed its digital wallet into ChatGPT,…
Business
First Reit’s 9-month distributable income falls 6.1% to S$34.8 million
Its DPU for period is S$0.0165, a 7.3% decline from same period in the prior year The manager of First Real Estate Investment Trust (Reit)…
Business
LHN’s co-living unit Coliwoo to offer 80.3 million shares at S$0.60 apiece in mainboard listing
The offering comprises a placement of 75 million placement shares to investors in Singapore and outside the United States as well as a…
Business
VF’s Q2 Profit Indicates Progress on Turnaround Plan
VF Corp. is progressing on its turnaround plan, besting Wall Street’s expectations in the second quarter. For the second quarter ended…
Business
UPS stuns Wall Street with strong profit and 34,000 job cuts
United Parcel Service (UPS) smashed Wall Street’s third-quarter profit expectations, sending its shares soaring and fuelling confidence in…
Business
Mapletree Logistics Trust Q2 DPU down 10.5% at S$0.01815
The manager of Mapletree Logistics Trust (MLT) announced that the distribution per unit (DPU) for the trust’s second quarter in its 2026…
Business
Mapletree Logistics Trust Q2 DPU falls to S$0.01815
The manager of Mapletree Logistics Trust (MLT) announced a distribution per unit (DPU) of S$0.01815 for the trust’s second quarter ended…
Business
Bank of China delivers 5% gain in profit as margin stabilises
Bank of China reported a 5 per cent increase in third-quarter profit, as the lender managed to stabilise its net interest margin despite…
Business
Musk launches Grokipedia, accusing Wikipedia of ideological bias
Elon Musk’s company xAI launched Grokipedia on Monday (Oct 27) to compete with online encyclopedia Wikipedia, which he has accused of…
Business
New AI lab focused on energy efficiency launched by Univers with Microsoft, AMD, NUS as partners
The resource and carbon management solution provider will bring in its AI and IoT solutions, and oversee the strategy, operations and…
Business
Ping An profit rises as stock rally lifts investment returns
Net income climbed to 132.9 billion yuan (S$24.2 billion), from 119.2 billion yuan a year earlier Ping An Insurance (Group) said profit…
Business
Singapore stocks rise as markets cheer US-China trade truce; STI up 0.2%
Across the broader market, losers outnumber gainers 313 to 292, after 1.8 billion securities worth S$1.8 billion change hands Local stocks…
Business
Intel CEO Tan Lip-Bu pledges to ‘refocus’ chip giant on AI, foundry
Intel chief executive officer Tan Lip-Bu said he is working to “refocus” the beleaguered chip company on engineering after its struggles…
Business
China’s cheap air fares hurt profit recovery for state carriers
Stubbornly cheap international air fares for Chinese travellers are hurting attempts by the country’s biggest carriers to claw their way…
Business
Nomura profit beats estimates on stock trading, M&A advisory
Nomura Holdings’ profit beat analysts’ expectations last quarter, buoyed by equity trading and advising on mergers. Net income fell 6.4…
Business
Only 18% of investors rate SGX listcos’ disclosures as ‘very transparent’ despite quarterly engagements: study
Research by Stewardship Asia Centre also highlights a disconnect between investors and corporates on key priorities Transparency has…
Business
BYD’s mini-car ambitions may be a wake-up call for Japan
The company plans to debut its all-electric ‘kei’ car at the Japan Mobility Show BYD’s Japanese mini-car will not go on sale until the end…
Business
Singapore's Lighthouse Canton to invest over US$1.5b in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on…
Business
Singapore's Lighthouse Canton to invest over US$1.5 billion in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on…
Business
Indonesia’s Chandra Asri in talks with lenders to fund US$1 billion deal to buy Singapore’s Esso stations
Chandra Asri Pacific, an Indonesian energy and chemicals firm, is in talks with competing consortiums of lenders for loans to back its…