Business
Jack Ma-backed Ant Group’s profit up 193% in post-crackdown recovery
ANT Group’s profit nearly grew 193 per cent in the June quarter, reversing a year-long decline as the fintech company regained its footing…
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Business
Business
South Korea's Upbit Faces Investigation Over KYC Violations
South Korea's Upbit Faces Investigation Over KYC Violations Upbit, South Korea's largest crypto exchange, is under scrutiny for allegedly…
Business
China’s Alibaba misses quarterly revenue estimates
ALIBABA Group Holding missed analysts’ estimates for quarterly sales on Friday (Nov 15), as lingering economic uncertainty sapped consumer…
Business
CSE Global reports higher revenue for Q3 2024, but order intake falls
The electrification segment has fallen the most, due to the absence of several major projects secured CSE Global reported a 15.4 per cent…
Business
Kia signs PBV deal with DHL Korea
South Korean automaker Kia Corporation, part of Hyundai Motor Group, has announced it has signed an agreement to supply battery-powered…
Business
Alibaba is said to consider offering US$5 billion of bonds
CHINESE tech conglomerate Alibaba Group Holding is considering an offering of bonds totalling the equivalent of about US$5 billion as soon…
Business
A 150-million-year journey from the Jurassic to Exposition Park
150 million years ago, Laurasia The massive neck dips, casting a curving shadow on the mossy ground. The dinosaur’s jaws close around its…
Business
SIA Group passenger traffic rises 7.4% in October
Cargo loads are up by 20.2 per cent, while cargo capacity expanded by 14.3 per cent SINGAPORE Airlines (SIA) Group reported a 7.4 per cent…
Business
Better Cotton roadmap to drive Uzbekistan cotton production
The roadmap is intended to boost the production of sustainable cotton in the Uzbekistan, which is one of the world’s largest cotton…
Business
Samsung unveils surprise US$7 billion buyback over coming year
Samsung Electronics plans to buy back about US$7.2 billion of its own stock over the next year, putting in motion one of the larger…
Business
Peter Viens, new CEO of IReit Global’s manager, aims to diversify assets to attract institutional investors
The trust’s DPU is expected to drop as its Berlin property undergoes repositioning PETER Viens, the new chief executive officer of the…
Business
Musk escalates Altman legal feud, casts OpenAI as monopolist
ELON Musk is ramping up his feud with Sam Altman, alleging in a court filing that OpenAI is trying to corner the market for generative…
Business
'Wordle' today #1,245 Answer, hints and clues for Friday, November 15
We're one day away from the weekend and while we might be planning to rest from work, we are not taking a break from our Wordle streak.…
Business
Whoopi Goldberg Claims NYC Bakery Refused to Make Her a Birthday Dessert Because of Her Political Views; Owner Fires Back
Whoopi Goldberg has claimed that a New York City bakery refused to serve her due to her political views, and the 145-year-old…
Business
China retail sales pick up speed, beat forecasts in October
Chinese policymakers are grappling with slumping domestic consumption (STR) China's retail sales last month grew at their fastest clip…
Business
Dip in Singapore consumers’ trust in general insurers and insurance sales staff: report
THE level of trust Singapore consumers have in general insurers and their intermediaries such as brokers and advisers slipped in 2024,…
Business
Cordlife posts S$1.6 million Q3 net loss on revenue decline
CORDLIFE remained in the red for the third quarter ended September 2024, after having fallen into a net loss position for the first half…
Business
Stocks to watch: CapitaLand Ascendas Reit, Golden-Agri, ComfortDelGro, Prime US Reit, Cordlife
THE following companies saw new developments that may affect trading of their securities on Friday (Nov 15): CapitaLand Ascendas Reit:…
Business
Tesla, Rivian drop on report Trump wants to end EV credit
US automaker stocks fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at…
Business
Oil settles slightly higher, investors focus on steep draw in fuel stocks
Oil prices closed slightly higher in choppy trading on Thursday (Nov 14), as a steep draw in US fuel stocks outweighed oversupply concerns…
Business
Wall Street ends lower after Powell erodes hopes for December rate cut
Wall Street’s main indexes closed lower on Thursday (Nov 14) after Federal Reserve chair Jerome Powell dampened investor hopes for another…
Business
Fed’s Powell says no need to hurry rate cuts with economy strong
FEDERAL Reserve chair Jerome Powell said the recent performance of the US economy has been “remarkably good”, giving central bankers room…
Business
Merck snags Chinese cancer drug for up to US$3.3 billion
MERCK & Co licenced an experimental cancer antibody from a closely held Chinese company in a deal worth US$588 million upfront, plus as…
Business
The UnderDog Innovator Behind One of Asia's Earliest AML Compliance Solutions
In the early 2010s, the financial landscape was in flux. Cybercrime, especially money laundering, was on the rise, forcing banks to…