Business
Huawei plans three-year campaign to overtake Nvidia in AI chips
Huawei Technologies openly admits its silicon cannot match Nvidia’s in raw power and speed. So to pack the same punch, China’s national…
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Business
Business
Galeries Lafayette Names Alexandre Liot Deputy CEO, Alix Morabito to Lead Offer and Purchasing
PARIS — French department store Galeries Lafayette has announced two senior appointments to its executive committee, promoting Alexandre…
Business
Australia sues IAG's unit for allegedly misleading thousands of customers
RACQ Insurance, a unit of Insurance Australia Group, misled thousands of customers with false premium comparison The Australian Securities…
Business
KKR holds first Asia board meeting in Tokyo, as Japan leads firm’s regional growth
New York-headquartered KKR is holding its first board meeting in Asia this week in Tokyo, a spokesperson for the firm said on Tuesday (Sep…
Business
L’Oreal only interested in Armani’s profitable beauty business
Giorgio Armani’s death this month at the age of 91 has triggered intense speculation and analysis about which company would make the most…
Business
Asia: Markets struggle as focus turns to US inflation
ASIAN markets struggled on Tuesday to track another record day on Wall Street, with traders now awaiting the release of US inflation data…
Business
Tech deals no longer an easy win for investors; AI demand will see more need for power supply: Bain report
Software spending among companies is declining, and software revenue as a percentage of US GDP has started to ease off After years of…
Business
HSBC adviser who criticised the US is set to join China’s AIIB
The process is ongoing and there’s no certainty Cowper-Coles will accept the role HSBC Holdings’ former head of public affairs, who once…
Business
Singapore firm rejects US$1 billion Sri Lankan pollution damages
X-Press Feeders has operated the MV X-Press Pearl that sank off Colombo Port in June 2021 after a fire, believed to have been caused by a…
Business
Apac data centre owners look beyond banks to fund US$100 billion of construction over 5 years: S&P
Options include capital recycling via Reits, asset-backed securities, private credit funding Asia Pacific (Apac) data centre operators…
Business
Malaysian top stock Gamuda seen rising to record on growth
The company is confident of maintaining its order book target of RM40 billion to RM45 billion by the end of 2025 Optimism that Malaysian…
Business
Amazon faces US trial over alleged Prime subscription tricks
JURY selection began on Monday in a US government lawsuit accusing e-commerce giant Amazon of using tricks to enroll millions of customers…
Business
PBOC unswayed by US Fed as policy choices hinge on data at home
The economy’s slower nominal growth also implies that the earnings of companies and individuals are increasing at a weaker rate with…
Business
Gold hits record high as traders bet on US rate cuts, eye Powell’s signal
Gold prices climbed to a record high on Tuesday (Sep 23), supported by growing expectations of further US rate cuts and a slightly weaker…
Business
China’s solar leader looks away from Sun to solve grid glut
China’s top province for solar panels plans to accelerate the development of other renewables as well as battery storage, as it seeks to…
Business
Merdeka Gold set for debut after Indonesia’s largest IPO of the year
Merdeka Gold Resources is set to begin trading in Jakarta on Tuesday (Sep 23) after the miner wrapped up Indonesia’s largest initial…
Business
Tycoon-backed Merdeka Gold shares soar on Indonesia’s biggest IPO this year
The miner is developing the Pani Gold Project in Gorontalo, poised to become one of the country’s largest gold mines and a major driver of…
Business
Trump team says TikTok deal nears, with Oracle, Silver Lake among investors
President Donald Trump this week will declare that a deal to divest TikTok‘s US operations from its Chinese owner ByteDance will meet…
Business
‘Baby Shark’ creator Pinkfong seeks to raise 76 billion won from Seoul IPO
The company behind Baby Shark, the most-watched YouTube video of all time, is seeking to raise as much as 76 billion won (S$70 million)…
Business
Stocks to watch: Keppel, Keppel DC Reit, mm2 Asia, China Medical System Holdings, Southern Alliance Mining
The following companies saw new developments that may affect trading of their securities on Tuesday (Sep 23): Keppel: The infrastructure…
Business
Keppel Asia Infrastructure Fund leads divestment of 800 Super at over S$600 million
The sale is expected to be completed before the end of the year, and is subject to approval from the relevant regulators The…
Business
Keppel DC Reit acquires Tokyo data centre for 82.1 billion yen, launches preferential offering to raise S$404.5 million
The new, freehold facility is contracted to a leading global hyperscaler for 15 years The manager of Keppel DC Reit on Monday (Sep 22)…
Business
Keppel DC Reit raising S$404 million from unitholders to help fund 82-billion yen Tokyo data centre buy
Under preferential offering, unitholders are entitled to 80 units for every 1,000 units owned at $2.24 each The manager of Keppel DC Reit…
Business
South Korean City Has Seized Crypto from 200+ Residents Over Unpaid Tax Bills
Cheongju, the capital and largest city of South Korea’s North Chungcheong Province, says it has seized crypto from 203 residents since…