Business
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources - The Business Times
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of…
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Business
Business
Cathay Pacific to cut profit payout to staff by around 50% - The Business Times
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong Kong carrier is only…
Business
Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025 - The Business Times
SOUTH Korea’s Hyundai Motor said on Thursday (Jan 23) it is in talks with General Motors to supply commercial electric vehicles to its US…
Business
JPMorgan plans major revamp of Madison Avenue skyscraper - The Business Times
JPMORGAN Chase is planning a renovation of its old headquarters building at 383 Madison Avenue and will use the space to house…
Business
Barclays sees heightened competition in India from Japan banks - The Business Times
A RENEWED push by Japan’s biggest banks and other global lenders in India is driving down loan prices with the new players having more…
Business
JPMorgan, Goldman CEOs resist calls to roll back DEI programmes - The Business Times
JPMORGAN Chase and Goldman Sachs are pushing back on demands to roll back their diversity initiatives. In television appearances on…
Business
Ley Choon surges 15% as investors positive on construction upturn - The Business Times
SHARES of construction and engineering company Ley Choon jumped on Thursday (Jan 23) morning, after The Business Times reported that the…
Business
Singapore stocks close higher on Thursday as inflation eases; STI up 0.7% - The Business Times
SINGAPORE stocks ended higher on Thursday (Jan 23), after the Republic reported that full-year inflation in 2024 came in at 2.4 per cent.…
Business
Ascott bags 16 new signings under Oakwood portfolio to tap growing ‘bleisure’ market - The Business Times
ASCOTT, the wholly owned lodging business unit of CapitaLand Investment, has secured 16 new signings under the Oakwood brand in 2024, up…
Business
SK Hynix posts record quarterly profit surpassing Samsung on AI boom - The Business Times
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as…
Business
Amazon exits Quebec operations, to cut about 1,700 jobs; Ottawa unhappy - The Business Times
E-COMMERCE giant Amazon.com is exiting its operations in the Canadian province of Quebec, leading to the loss of about 1,700 full-time…
Business
Colombian president visits southern Haiti as country battles surge in gang violence
PORT-AU-PRINCE, Haiti (AP) — Colombian President Gustavo Petro visited Haiti on Wednesday as part of a whirlwind trip to strengthen ties…
Business
OpenAI, Oracle and Softbank team up on multibillion-dollar AI project
President Trump on Tuesday announced that OpenAI, Oracle and Softbank are partnering on a venture to direct more than $100 billion toward…
Business
Spain's Sabadell bank to move HQ back to Catalonia
Sabadell was one of some 7,000 firms to move its headquarters out of Catalonia druing the region's failed 2017 independence bid (JOSE…
Business
NEV development in China: a review of 2024 and expectations for 2025
By the end of November 2024, the total volume of New Energy Vehicles (NEVs) in the Chinese market reached a historic high of 9.7 mn units…
Business
Everything new on Max in February 2025
Share ✓ Link copied to clipboard! Another January comes to a close, and Max is prepping to freshen up its streaming options to celebrate…
Business
JPMorgan’s Dimon sees inflated stocks as ‘animal spirits’ return - The Business Times
JPMORGAN Chase’s dealmakers are spending their time in the Swiss Alps huddling with ebullient clients, but the boss of the biggest US bank…
Business
Frasers Centrepoint Trust posts 99.5% retail portfolio occupancy for Q1 - The Business Times
FRASERS Centrepoint Trust (FCT) posted a committed occupancy of 99.5 per cent for its retail portfolio for the first quarter of its…
Business
Mapletree Industrial Trust posts 1.5% rise in Q3 DPU to S$0.0341 - The Business Times
THE distribution per unit (DPU) for Mapletree Industrial Trust (MIT) rose 1.5 per cent to S$0.0341 for its third quarter ended Dec 31,…
Business
TikTok owner ByteDance, DeepSeek lead Chinese push in AI reasoning - The Business Times
TIKTOK owner ByteDance on Wednesday (Jan 22) released an update to its flagship AI model aimed at challenging Microsoft-backed OpenAI’s…
Business
China unveils plan to encourage insurance funds into stock markets - The Business Times
CHINA said on Wednesday (Jan 22) it will guide big state insurers and commercial insurance funds to increase investments in the A-share…
Business
Wikipedia fires back at Elon Musk
Wikipedia's founder has hit back at Elon Musk after the tech CEO called for followers to boycott donations to the site. Jimmy Wales…
Business
ECB policymakers line up behind further interest rate cuts - The Business Times
EUROPEAN Central Bank policymakers lined up behind further interest rate cuts on Wednesday (Jan 22), indicating that next week’s reduction…
Business
Eastspring urges investors in Asia to be active, instead of tracking indices - The Business Times
INVESTORS in Asia need to be active in managing their portfolios this year, given the wider themes at play that could lead certain…