Business
Hitachi to invest US$1 billion to produce power grid components in US
Hitachi plans to invest US$1 billion to expand its US power grid infrastructure manufacturing, its energy unit said on Thursday (Sep 4),…
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Business
Business
HSBC names Maggie Ng as Hong Kong CEO, predecessor to lead Hang Seng Bank
Asia-focused lender HSBC on Thursday (Sep 4) picked insider Maggie Ng as the chief executive of its Hong Kong arm, succeeding Luanne Lim…
Business
Job cuts jump 66% year to date; DOGE, uncertainty and AI are major factors
Job cuts so far this year have already surpassed the total for 2024, as government cost-cutting, economic uncertainty and AI have prompted…
Business
VinFast’s quarterly loss widens amid heavy spending on ambitious growth strategy
Vietnamese electric-vehicle maker VinFast on Thursday (Sep 4) reported a wider second-quarter net loss as it stepped up spending on global…
Business
Google ruling shows how tech can outpace antitrust enforcement
The rapid pace of development in the world of tech, particularly in AI, spurred a judge’s cautious approach to curbing Google’s online…
Business
Cambricon’s shares dive 14% after red-hot China AI rally cools
Cambricon Technologies shares tumbled by the most in nearly eight months after investors cashed out of one of the more spectacular Chinese…
Business
Singapore stocks climb on weak US jobs data, rate-cut expectations; STI up 0.2%
Stocks on the Singapore Exchange (SGX) rebounded on Thursday (Sep 4), tracking a mixed performance in Asian markets amid weak US jobs data…
Business
Contributor: Why is California losing good jobs to other states? It's not rocket science
For a century, it worked, and brilliantly. The “California model” rested on massive investments in higher education, development of…
Business
ST Engineering will invest S$250 million to drive robotics solutions for complex challenges
ST Engineering is pouring S$250 million over the next five years into a programme that will drive physical artificial intelligence (AI)…
Business
Better AI Infrastructure Shaping Global Businesses
The present artificial intelligence market is expected to exceed $631 billion by 2028, as per IDC projections. From the advertisements we…
Business
Nasdaq proposes tighter listing rules for thinly traded stocks, China-based firms
Exchange operator Nasdaq proposed on Wednesday (Sep 3) stricter listing standards, including a higher minimum public float for certain new…
Business
PropertyGuru appoints Lu Yao as new Singapore managing director
PropertyGuru on Thursday (Sep 4) announced the appointment of Lu Yao as its new managing director for Singapore. He replaces former…
Business
PropertyGuru appoints Yao Lu as new Singapore managing director
PropertyGuru Group on Thursday (Sep 4) announced the appointment of Dr Yao Lu as its new managing director for Singapore. Dr Yao will…
Business
Malaysia's central bank holds key rate at 2.75%
Malaysia’s central bank held its benchmark interest rate steady at a review on Thursday (Sep 4), as widely expected by economists, amid…
Business
Malaysia’s central bank pauses rate cuts, signals confidence in economic outlook
Bank Negara Malaysia left its benchmark interest rate unchanged at 2.75 per cent on Thursday (Sep 4), noting that the global economy is…
Business
Thousands of Lloyds staff at risk of dismissal in performance overhaul
British lender Lloyds Banking Group will put about 3,000 people deemed among the bottom 5 per cent of performers at risk of dismissal, the…
Business
Thousands of Lloyds staff at risk of dismissal in performance overhaul: FT
British lender Lloyds Banking Group will put about 3,000 people deemed among the bottom 5 per cent of performers at risk of dismissal, the…
Business
Pertamina seeks US$2.5 billion loan as Indonesia dollar deals rise
The nation’s markets are just recovering after the social unrest, which has subsided, sparked a sell-off in stocks and bonds Indonesia’s…
Business
Political instability in France: How does it impact the economy and investments?
Political instability is fuelling recession fears in Europe’s second biggest economy, where fragile growth has recently shown surprising…
Business
Chinese solar maker calls turning point for embattled industry
To help fix the industry, major firms intend to establish a fund of at least 50 billion yuan this quarter to purchase and shut down over…
Business
Asia: Markets tick up after Wall Street rebound
Asian stock markets were mostly up on Thursday morning, tracking gains made on Wall Street as a weak labour market report in the United…
Business
Japan’s Nidec shares sink 22% on fears of systematic accounting issues
Nidec’s shares plunged as much as 22 per cent, the most on record, after the Japanese electronic components maker found evidence that…
Business
Blackstone revamps Asia real estate unit as Miyasaki steps down
Blackstone is revamping the senior management at its Asia real estate unit as its long-serving head of acquisitions is set to leave,…
Business
Blackstone revamps Asia real estate unit as senior executive steps down
Blackstone is revamping the senior management at its Asia real estate unit as its long-serving head of acquisitions is set to leave,…