Business
Tesla ordered by Florida jury to pay US$243 million in fatal Autopilot crash
A Florida jury on Friday (Aug 1) found Tesla liable to pay US$243 million to victims of a 2019 fatal crash of an Autopilot-equipped Model…
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Business
Business
Carvana’s 10,000% rally from low deals US$7 billion blow to shorts
Carvana’s shares notched an all-time high this week, rising more than 10,000 per cent from a low in late 2022, and delivering a blow to…
Business
Meta to share AI infrastructure costs via US$2 billion asset sale
Meta Platforms is pressing ahead with efforts to bring in outside partners to help fund the massive infrastructure needed to power…
Business
Europe: Shares log biggest daily drop since April after US tariffs hike
European stocks logged their biggest one-day drop in over three months on Friday (Aug 1), at the end of a busy week as investors grappled…
Business
US: Stocks tumble as weak jobs report adds to doubts on economy
Wall Street stocks finished sharply lower Friday (Aug 1) following a weak July jobs report that raised concerns about US economic health.…
Business
Asian Markets Tumble After Trump's Tariffs Announcement; Investors Watch US. Jobs Report Closely
Investors felt the jitters as Asian markets dropped on Friday after U.S. President Donald Trump signed an executive order imposing tariffs…
Business
Genting Singapore sees another leadership shuffle with new COO and CFO appointments
Genting Singapore chief financial officer (CFO) Lee Shi Ruh has been appointed president and chief operating officer (COO), filling a…
Business
China’s InnoScience rises 31% after named as Nvidia supplier
Chinese chipmaker InnoScience Suzhou Technology Holding closed up 31 per cent in Hong Kong on Friday (Aug 1) after it was identified by…
Business
Poland doubles down on South Korean tanks with $6.5 billion deal
WARSAW, Poland — In a bid to expand the tracked vehicle fleet of the country’s land forces, the Polish Ministry of National Defence has…
Business
Dezign Format eyes gross proceeds of over S$6.5 million in Catalist IPO to build on its growth
Growing up, Chong Nen Sing dreamt of using his skills in design and craft to start a business where he could work with his younger…
Business
ExxonMobil reports 23.4% drop in profits on lower crude prices
ExxonMobil reported a drop in second-quarter profits on Friday (Aug 1) as the hit from lower crude prices more than offset a boost from…
Business
Three Intel senior executives to retire amid manufacturing shake up
Three senior executives in Intel’s manufacturing operations are set to retire, Intel told Reuters on Thursday, as new CEO Tan Lip-Bu…
Business
Tai Sin Electric to acquire 25% stake in charging station contractor
Its subsidiary Lim Kim Hai Electric has subscribed for 333,333 new ordinary shares of EV Mobility for S$1.5 million Power distribution…
Business
UOB trims One Account interest rate again; maximum 2.5% per annum on first S$150,000
UOB is cutting interest rates on its flagship savings account, the One Account, for the second time in 2025. With effect from Sep 1, the…
Business
Intel used to be the most valuable U.S. chipmaker. How it fell far behind Nvidia
Earlier this year, Intel’s new chief executive Lip-Bu Tan made frank remarks about how the Silicon Valley chipmaker keeps coming up short.…
Business
Hong Kong to let big funds secure bigger proportions of listings
Starting next week, the maximum percentage of shares that can be allocated to retail investors will be lowered to 35%, down from 50%…
Business
Hong Kong eases listing rules to boost red-hot IPO market
Hong Kong eased some of its rules to list in the city, potentially bolstering what’s already been one of the hottest markets in the world…
Business
Singapore shares on longest losing streak since April; STI falls 0.5%
Local stocks fell for the sixth consecutive session on Friday (Aug 1), notching their longest losing streak since Apr 9, as most markets…
Business
BOJ warns US tariffs could hit firms' profits, delay capex plans
Profits of Japanese firms are likely to fall this year because of US tariffs, leading them to downgrade capital expenditure plans, the…
Business
OCBC CEO-designate Tan Teck Long looks to continue ‘One Group’ strategy, boost synergy
OCBC’s incoming chief executive will continue to bank on its “One Group” approach to boost growth and synergy. “We are an integrated…
Business
OCBC trims full-year NIM guidance; Q2 profit slips 7% to S$1.82 billion
OCBC has lowered its target net interest margin (NIM) for FY2025 to a range of 1.9 to 1.95 per cent, down five to 10 basis points (bps)…
Business
British Airways owner IAG beats second-quarter profit estimates
British Airways owner IAG reported better than expected second-quarter earnings on Friday (Aug 1), helped by strong demand for its…
Business
Flight attendants sue Boeing over MAX 9 panel blowout incident
flight attendants on the Alaska Airlines 737 MAX 9 plane hit by a mid-air cabin panel blowout in January last year are suing Boeing for…
Business
UOBKH downgrades SIA after Q1 earnings a ‘major miss’ against guided range; lowers TP to S$6.03
UOB Kay Hian (UOBKH) equity analyst Roy Chen downgraded his rating on national carrier Singapore Airlines (SIA) to “sell”, with a reduced…