Business
GM takes US$1.6 billion charge as it reassesses EV plans
General Motors said on Tuesday (Oct 14) it will take US$1.6 billion in third-quarter charges as it realigns electric-vehicle plans…
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Business
Business
Goldman Sachs profit jumps as bankers cash in on big deals
Goldman Sachs’ quarterly profit jumped more than 37 per cent on Tuesday (Oct 14) as its investment bankers earned higher advisory fees and…
Business
Goldman’s profit beats estimates as dealmaking rebound boosts investment banking
Goldman Sachs beat Wall Street expectations for third-quarter profit on Tuesday (Oct 14), as its investment bankers earned higher advisory…
Business
Broadcom to launch new networking chip, as battle with Nvidia intensifies
The Thor Ultra will rival Nvidia’s chips and strengthen Broadcom’s dominance in AI data centre networking Broadcom is launching a new…
Business
Seatrium stays bullish on green bets despite axing of US$475 million wind project
The offshore and marine player is also exploring ‘moonshot’ projects such as a floating nuclear platform Even in the face of a US$475…
Business
Singapore shares fall 0.8% even as Q3 GDP growth beats forecast
Shares on the Singapore bourse closed lower on Tuesday (Oct 14), even as the city-state’s economy grew faster than expected. The benchmark…
Business
How Brands Can Turn Consumers Into Community
The odds of having multiple beauty executives on stage at once whose consumers have gotten tattoos emblematic of their respective brands…
Business
Samsung plans bonuses tied to share price in major pay overhaul
The move underscores the firm’s effort to address growing dissatisfaction within the ranks Samsung Electronics is awarding shares and…
Business
Floating wind farms, ammonia and carbon capture: Seatrium bets on green opportunities
The offshore and marine player is also exploring ‘moonshot’ projects such as a floating nuclear platform Even as US politics roils the…
Business
Huawei’s EV partner Seres said to gauge interest for US$2 billion Hong Kong listing: sources
Chinese electric-vehicle maker Seres Group has started gauging investor interest for a Hong Kong listing that may raise US$1.5 billion to…
Business
UK jobs market slowdown shows signs of easing before budget
Wage growth in the private sector slowed to 4.4% in the three months through August The UK labour market showed further signs of…
Business
Ericsson beats quarterly core profit estimates, shrugs off tariffs
Swedish telecoms equipment maker Ericsson reported a better-than-expected rise in quarterly earnings on Tuesday (Oct 14) and played down…
Business
Google plans US$15 billion data centre hub in biggest India bet
The Indian state of Andhra Pradesh aims to host 6 gigawatts of data centre capacity by 2029 Alphabet’s Google aims to invest about US$15…
Business
LG India jumps 50% in trading debut after US$1.3 billion IPO
The home-appliance maker’s market value to US$13 billion, higher than that of its South Korean parent LG Electronics India soared in its…
Business
LG India jumps 53% in trading debut after US$1.3 billion IPO
The record-breaking market debut is driven by strong investor conviction in the company’s vision and fundamentals LG Electronics India…
Business
China hits back at US on shipping with Hanwha curbs, probe
The moves are a marked escalation in a long-standing dispute between the world’s two largest economies over maritime dominance China has…
Business
Nomasei Gears Up for First Funding Round as It Returns to New York for Pop-up
PARIS — A year after its first New York City pop-up, Parisian shoe label Nomasei is back in town for a week, as it presses forward with…
Business
ASL Marine soars up to 9.3% on share placement; Yangzijiang Shipbuilding falls as much as 3.7% on port fees
Shares of ASL Marine surged as much as 9.3 per cent on Tuesday (Oct 14), while those of Yangzijiang Shipbuilding tumbled up to 3.7 per…
Business
ASL Marine jumps 2.3% after share placement; Yangzijiang Shipbuilding falls 4.3% over port fees spat
Shares of ASL Marine surged as much as 9.3 per cent on Tuesday (Oct 14), while those of Yangzijiang Shipbuilding tumbled 4.3 per cent as…
Business
US, China to roll out tit-for-tat port fees, threatening more turmoil at sea
[BEIJING/LOS ANGELES] The United States and China on Tuesday (Oct 14) will begin charging additional port fees on ocean shipping firms…
Business
Spain the frontrunner for Chinese carmaker BYD’s third European plant: sources
CHINA’S No 1 automaker BYD considers Spain to be its top candidate for a third car factory to serve the European market, two sources…
Business
Asia: Stocks pare tariff-led losses, Tokyo hit by political turmoil
Most Asian stocks rose on Tuesday (Oct 14), tracking a rally on Wall Street, after US President Donald Trump tempered his rhetoric against…
Business
Singapore investors join gold rush as record-breaking rally continues
Investors in Singapore have joined the global rush to buy gold since the start of 2025, as mounting geopolitical tensions and expectations…
Business
China plans zinc exports as global rally opens window for sales
Cash prices on the London Metal Exchange have surged above futures, signalling a growing shortage in western markets Chinese zinc…