Business
S&P 500 crosses 7,000 ahead of Fed decision, Big Tech earnings
The S&P 500 opened at 7,000 mark on Wednesday (Jan 28), while the Nasdaq inched towards a record high, fuelled by a gain in chip stocks…
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Business
Business
Transforming Urban Ecosystem: AI-Powered Smart Cities Redefining Mobility
Thanks to rapid advancements in IoT, edge computing, and artificial intelligence, the global smart city market is entering a…
Business
Starbucks beats Q1 global comparable sales estimate as demand rebounds
Comparable sales rose 4% in North America, marking their first gains in nearly two years Starbucks reported a bigger-than-expected rise in…
Business
13 SGX counters qualify for reduced board lot size
The Singapore Exchange (SGX) has confirmed that 13 stocks qualify for reduced board lot sizes under a proposal that aims to make share…
Business
Mapletree Industrial Trust Q3 DPU falls 7% to S$0.0317
The manager has a divestment target of between S$500 million and S$600 million in North America Mapletree Industrial Trust (MIT) posted a…
Business
Ho Bee Land appoints Li Xiangrun as new CFO
Ho Bee Land has promoted its current head of finance, Li Xiangrun, to chief financial officer effective Feb 1. The position is currently…
Business
Data Centers Are Not “Campuses”
In recent months, a particular word has begun to circulate with striking insistence in press releases across the United States. Technology…
Business
Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push
Amazon said on Wednesday (Jan 28) it was cutting 16,000 jobs worldwide in the second major round of layoffs at the company in three…
Business
High Court orders winding-up of TT International
The liquidation marks the end of a long and complex chapter involving the group and Big Box mall The High Court has ordered consumer…
Business
Sembcorp expands Micron power deal to support AI growth
The chipmaker has begun construction on a Woodlands facility as part of a US$24 billion investment Sembcorp Industries on Wednesday (Jan…
Business
Singapore shares mixed; Straits Times Index declines
Singapore shares closed lower on Wednesday (Jan 28), with the Straits Times Index (STI) failing to sustain its momentum a day earlier amid…
Business
SK Hynix profit surges on relentless appetite for AI memory
Operating profit doubles to 19.2 trillion won (S$17 billion) in the December quarter Hynix reported its strongest quarterly results to…
Business
Hong Kong’s Exchange Fund posts record gain of HK$331 billion
Hong Kong’s Exchange Fund reported a record investment gain of HK$331 billion (US$42.4 billion) in 2025, helped by rising global markets.…
Business
Chinese snack retailer Busy Ming surges 69% in Hong Kong debut
The company will use IPO proceeds for supply-chain improvement and product development [SINGAPORE/HONG KONG] Busy Ming Group shares jumped…
Business
OCBC taps Citi to roll out securities lending for clients, following Maybank’s earlier move
This covers retail and corporate customers of OCBC Securities and clients of Bank of Singapore OCBC has rolled out a securities lending…
Business
VinaCapital Sees Vietnam GDP Growth Reaching up to 10% in 2026 on Infrastructure and Exports
Investment firm VinaCapital has struck an optimistic note on Vietnam's economic outlook, projecting that the country's gross domestic…
Business
ASML reports big orders beat as AI drives chipmaker demand, to lay off 1,700
The orders beat comes as several of the chipmaker’s customers raise investment plans reported stronger-than-expected bookings in the…
Business
Singapore-based Digital Edge to build US$4.5 billion data centre campus in Indonesia
Digital Edge, an Asian digital infrastructure firm backed by alternative asset manager Stonepeak Partners, plans to invest US$4.5 billion…
Business
Tether is shaking up the gold market with massive metal hoard
The company makes money from its dollar stablecoin that is the giant of the sector, with US$186 billion in circulation There are roughly…
Business
Hong Kong banks to see wealth ‘windfall’ as fees jump: report
Risk appetite also remains “firm” thanks to expectations of further interest rate cuts by the Federal Reserve through the year Hong Kong…
Business
China gives green light to importing first batch of Nvidia’s H200 AI chips, sources say
A has approved its first batch of Nvidia’s H200 artificial intelligence chips for import, two people familiar with the matter told…
Business
China approves first batch of Nvidia H200 chip imports: sources
— China has approved its first batch of Nvidia H200 artificial intelligence chip imports, three people familiar with the matter told…
Business
BYD weighs India expansion as hundreds of car orders pile up
The automaker has approached Indian auto sector regulators to flag how import limits could constrain growth is weighing options to expand…
Business
Exclusive-China gives green light to importing first batch of Nvidia's H200 AI chips, sources say
Jan 28 (Reuters) - China has approved its first batch of Nvidia's H200 artificial intelligence chips for import, two people familiar…