Business
QAF expects ‘material reduction’ in net profit for H1 2025
Business performance is affected by increased operating costs, unfavourable foreign exchange movements, and a higher non-cash impairment…
Section
Business
Business
Chip design software firms climb as US lifts curbs on China exports
Synopsys, Cadence Design Systems and Siemens together control more than 70% of China’s EDA market Shares of Synopsys and Cadence Design…
Business
Singapore shares up 0.2% amid mixed regional showing
Gainers lead decliners 277 to 215 across the broader market amid heavy trading on the city-state’s bourse Singapore shares edged up on…
Business
After SVB's Collapse, Tech Leaders Apply to Launch New Digital Lender for AI and Crypto
In a major move that combines fintech invention with venture-funded aspiration, a group of tech billionaire backers are launching a new…
Business
Mark Zuckerberg Announces Meta Superintelligence Labs with Star-studded Team
After creating a buzz about the superintelligence unit recently, including hiring Alexander Wang of Scale AI, Meta has announced a new AI…
Business
China leads a Brics nations shift into solar power: report
China’s vast clean-energy industry has spearheaded a Brics solar-power boom, with the bloc accounting for more than half of global…
Business
Malaysia rate cut bets grow as tariff talks weigh on outlook
Expectations are growing for Malaysia’s central bank to cut interest rates at its policy meeting on Jul 9, which is also the deadline for…
Business
Asia: Stocks mixed as traders shrug at US-Vietnam trade deal
Stocks struggled in Asia on Thursday as investors gave a lukewarm reception to the US-Vietnam trade deal, while the dollar eased ahead of…
Business
Barclays names several leadership changes in its Asia Pacific investment banking unit
Richard Satchwell has been appointed head of capital markets financing for Asia-Pacific at Barclays, among other key leadership changes…
Business
US lifts chip design export curbs as part of new China deal
Software from Cadence and Synopsys is used to design everything from the highest-end processors for the likes of Nvidia and Apple to…
Business
BOJ should resume rate hikes after pause, board member Takata says
Bank of Japan board member Hajime Takata said on Thursday the central bank should resume interest rate hikes following a temporary pause…
Business
Micron sees new Singapore plant as key in plan to meet rising demand for AI-enabling chips
A new will underpin Micron Technology’s plans to produce advanced semiconductors needed for artificial intelligence (AI) applications. The…
Business
Seatrium secures floating storage regasification unit project from energy company Kinetics
It is set to commence in the third quarter of 2025 and involves the conversion of a liquefied natural gas carrier into an FSRU Seatrium…
Business
Oiltek, SEDC Energy in talks on potential role in Sarawak sustainable aviation fuel plant initiative
The programme is in collaboration with sustainable aviation fuel technology provider Sulzer Oiltek announced on Thursday (Jul 3) that it…
Business
Gold falls after US-Vietnam trade deal; US payroll data eyed
Gold prices declined on Thursday (Jul 3) after a US-Vietnam trade deal eased tensions, while investors awaited the US payroll data later…
Business
Ban Leong Technologies privatisation offer closes with 96.6% valid acceptances
The offeror, a unit of Nasdaq-listed GCL Global, plans to compulsorily acquire all remaining unacquired shares and delist the company The…
Business
Ripple applies for US national bank charter as crypto eyes next frontier
The move reflects a broader push by crypto firms for regulatory clarity and deeper integration with the traditional financial system…
Business
Addvalue Technologies bags new orders worth US$1.46 million for advanced digital radio-related business
They are for the supply of the company’s proprietary highly compact software defined radio modules to customers in the defence technology…
Business
Stocks to watch: Seatrium, Ban Leong, Oiltek, Addvalue
The following companies saw new developments that may affect trading of their securities on Thursday (Jul 3): Seatrium: The group has…
Business
Oracle, OpenAI expand Stargate deal for more US data centres
OpenAI has agreed to rent a massive amount of computing power from Oracle data centres as part of its Stargate initiative, underscoring…
Business
Management booted out as Japan’s shareholders flex their muscles in AGMs
Japan’s annual general meetings in June saw a CEO voted out and an entire board of directors replaced in a sign shareholders are…
Business
TikTok cuts more workers from US e-commerce division
US President Donald Trump has said he has a buyer lined up for the app, and just needs approval from the Chinese government for the sale…
Business
Tesla reports lower car sales, extending slump
Tesla reported another hefty drop in auto sales on Wednesday, extending a difficult period amid intensifying electric vehicle competition…
Business
Europe: Shares gain on renewable energy, luxury boost
EUROPEAN shares ended higher on Wednesday, led by renewable-energy stocks after a revised budget bill in the United States passed a…