Business
Uber said in talks to invest in US IPO of China’s Pony AI
UBER Technologies plans to invest in Pony AI’s US initial public offering (IPO), which is expected to be priced next week after being…
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Business
Business
Coinbase eyes more acquisitions as it expands payments business
COINBASE Global is ramping up its efforts in the digital-payments space, with ambitions to make additional acquisitions and generate more…
Business
Charles Schwab eyes spot crypto trading once regulations change
CHARLES Schwab’s incoming chief executive officer, Rick Wurster, said the firm is looking to offer spot cryptocurrency trading once US…
Business
SMIC’s Nvidia-beating 120% stock rally faces chip war threats
SEMICONDUCTOR Manufacturing International Corporation’s (SMIC) stock has more than doubled over the past two months on an expected boost…
Business
Goldman, Morgan Stanley, Bank of America ask buyers of bank risk to disclose leverage
US BANKS including Goldman Sachs, Morgan Stanley and Bank of America (BOA) are asking investors to disclose whether they plan to use…
Business
Vancouver airport works to move damaged Amazon Air cargo jet
Amazon has dozens of Boeing 767 freighters (pictured) in its private airline that are operated by third-party carriers. One of them…
Business
Japan finds massive rare metals deposit worth $26,290,800,000
[Source] A survey by the University of Tokyo and The Nippon Foundation from April 24 to June 9 has uncovered a vast deposit of rare earth…
Business
80-year-old grandma sends engagement card, not realizing what it says
A woman spotted something altogether unexpected on the front of the card her 80-year-old grandmother got her to celebrate her recent…
Business
Sinochem may retain three bankrupt refineries in China due to low auction interest
Sinochem Group is considering retaining three bankrupt oil refineries in eastern China after auctions to sell them attracted little…
Business
US: Wall St opens higher after jobless claims data, Nvidia results
Wall Street’s main stock indexes opened higher on Thursday (Nov 21) after data reflected a robust labour market, and AI-heavyweight Nvidia…
Business
Ford to cut 4,000 European jobs amid economic and EV challenges
Ford Motor Co. will reduce its European workforce by 4,000 employees by the end of 2027, citing economic pressures, weaker-than-expected…
Business
ThaiBev’s FY2024 net profit dips 1% to 27.2 billion baht
THAI Beverage (ThaiBev) posted a net profit of 27.2 billion baht (S$1.1 billion) for its full year ended Sep 30, a marginal 1 per cent…
Business
Temu-owner PDD reports 44% rise in Q3 revenue; misses market estimates
CHINA’S PDD Holdings reported a 44 per cent rise in third-quarter revenue on Thursday (Nov 21), but still fell short of market estimates.…
Business
Alibaba integrates e-commerce platforms into a single business unit
ALIBABA Group will integrate all of its e-commerce platforms into a single business unit to be called the Alibaba E-commerce Business…
Business
Alibaba combines e-commerce arms to tackle growing competition
Alibaba Group will integrate its domestic Chinese and international e-commerce platforms into a single business unit run by one leader for…
Business
Singapore stocks fall amid regional sea of red; STI down 0.1%
SINGAPORE shares closed slightly lower on Thursday (Nov 21) as regional indices ended in the red, with the imminent threat of US trade…
Business
China’s Baidu says advertisers still subdued as revenue falls 3%
CHINA’S Baidu on Thursday (Nov 21) said it had not yet seen any notable improvement in advertising spending patterns or consumer spending…
Business
Chinese broker Futu cuts 5% of staff as global expansion slows
CHINA’S online brokerage Futu Holdings is reducing its headcount by about 5 per cent as it reassesses the firm’s strategy to expand…
Business
South Korea’s AI chip investor announces plan for share buybacks
SK SQUARE, the holding company of SK Hynix, a maker of artificial intelligence chips, on Thursday (Nov 21) announced a plan to buy back…
Business
How will shipping giant's move affect major port?
As a major container shipping company announces its larger vessels will stop using the Port of Felixstowe, what impact will that have?…
Business
Starbucks is said to consider selling stake in Chinese business
STARBUCKS is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to…
Business
Chinese healthcare businesses wade into South-east Asia for cost-efficiency, growth
Beijing-based healthcare private equity firm with US$3.4 billion AUM aims to set up a fund for Chinese companies expanding into region…
Business
China’s healthcare businesses wade into South-east Asia for cost-efficiency, growth
Beijing-based healthcare private equity firm with US$3.4 billion AUM aims to set up a fund for Chinese companies to expand into region…
Business
Kioxia market value set at 750 billion yen, Japan chipmaker to receive listing approval: sources
BAIN-BACKED Kioxia will have a market value of about 750 billion yen (S$6.5 billion) based on the indicative price for its initial public…