Business
Eating out loses its shine; some listed F&B players are in the red on wilting demand, high costs
As listed food and beverage (F&B) operators cite a drop in demand for restaurant meals amid high rental rates and operating costs,…
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Business
Business
Haidilao operator Super Hi swings to US$11.9 million Q1 profit on forex gains, delivery growth
Super Hi International, the operator of Haidilao’s international business, posted a net profit of US$11.9 million for the first quarter…
Business
AI bets that fuelled Big Tech’s surge now threaten rich profits
Some investors are questioning the amount of cash Big Tech is throwing at artificial intelligence, fuelling concerns for profit margins…
Business
‘Ridiculous and frustrating’: Jetstar Asia staff blindsided by same-day layoff notice
Jetstar Asia employees were only informed of their retrenchment at 7 am on Wednesday (Jun 11) – the same morning the public announcement…
Business
‘Ridiculous and frustrating’: Jetstar Asia staff blindsided by abrupt layoff notice
Jetstar Asia employees were only informed of their retrenchment at 7 am on Wednesday (Jun 11) – the same morning the public announcement…
Business
AirAsia’s 100-jet Paris order pits Airbus A220 against Embraer
Low-cost carrier AirAsia is poised to order about 100 regional jets at the Paris Air Show next week, with the Malaysian airline still…
Business
China Walks a Line in U.S. Trade Talks, Trying Not to Overplay Its Hand
In its high-stakes trade talks with the United States, China has been trying to strike a balance in how it wields its market clout. It…
Business
India's central bank to use cash reserve ratio as active liquidity tool
India’s central bank plans to use the cash reserve ratio (CRR) more frequently to manage liquidity and aid policy transmission, rather…
Business
L’Oréal and Nvidia Collaborate to Bring Next-Gen AI to Beauty
PARIS – L’Oréal and artificial intelligence chipmaker Nvidia are collaborating to unleash AI’s potential for beauty. The beauty giant said…
Business
Singapore shares buck regional trend to close lower; STI falls 0.4%
Local stocks fell for the second straight day on Wednesday (Jun 11), bucking the gains in most Asian markets as investors are concerned…
Business
Asian Markets Edge Higher as Trade Talks Show Progress, Inflation Data in Focus
Asian markets edged up cautiously on Wednesday as investors were kept in check by some muted moves on the trade front. The latest meetings…
Business
Centurion shares hit all-time high on submission to list Reit on SGX
This is the highest price its shares have risen to since they started trading in 1995 Shares of Centurion rose on Wednesday (Jun 11)…
Business
Gold rises as US-China trade uncertainty persists, investors eye inflation data
GOLD prices edged higher on Wednesday as uncertainty surrounding the finalisation of a US-China trade agreement weighed on sentiment and…
Business
Asia: Equities rally after China-US framework on trade
Asian stocks rose on Wednesday as investors welcomed a China-US agreement to lower trade tensions that stoked hopes the economic…
Business
Nintendo says sold record 3.5 million Switch 2 consoles in first four days
Nintendo said on Wednesday it had sold a record 3.5 million Switch 2 units worldwide in the first four days after the console was…
Business
Record 3.5 million Switch 2 consoles sold in first four days, says Nintendo
The Switch 2 has smashed records to become the fastest-selling console ever after gamers snapped up 3.5 million units in its first four…
Business
Tesla’s public robotaxi rides set for tentative June 22 start: CEO Musk
Tesla tentatively plans to begin offering rides on its self-driving robotaxis to the public on June 22, CEO Elon Musk said on Tuesday, as…
Business
New Zealand central bank says former head quit over funding dispute
Former New Zealand central bank governor Adrian Orr’s surprise resignation in March was due to his disagreements with the treasury over…
Business
Stocks to watch: Keppel Infrastructure Trust, Raffles Medical, Amara, Koh Brothers Eco Engineering, SIA
The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 11): Keppel Infrastructure…
Business
Australia’s Qantas to close low-cost arm Jetstar Asia
RALIAN flag carrier Qantas said on Wednesday it will close Jetstar Asia, the group’s Singapore-based low-cost unit, in a bid to recycle up…
Business
France’s Mistral launches Europe’s first AI reasoning model
Mistral on Tuesday launched Europe’s first AI reasoning model, which uses logical thinking to create a response, as it tries to keep pace…
Business
Blackstone plans US$500 billion Europe investment: CEO
BLACKSTONE is planning to invest as much as US$500 billion in Europe over the next 10 years, underlining the continent’s growing appeal to…
Business
Oil prices hold near 7-week high as market waits for news from US-China trade talks
Oil prices held near a seven-week high on Tuesday as the market awaited direction from trade talks between the US and China. Analysts have…
Business
Europe: Stocks flat as investors await outcome of US-China talks
EUROPEAN shares closed little changed on Tuesday in cautious trade as investors awaited the outcome of the second day of US-China trade…