Business
TSMC’s Q3 profit handily beats forecasts on AI boom
TAIWAN Semiconductor Manufacturing Company (TSMC), the dominant producer of advanced chips used in artificial intelligence (AI)…
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Business
Business
Nestle announces restructuring, misses nine-month organic sales forecast
NESTLE announced it is revamping senior leadership and its operating structure, cut its full-year sales outlook and reported…
Business
Chick-fil-A announces 2025 Singapore launch in US$75 million Asia foray
AMERICAN fast food restaurant chain Chick-fil-A is opening its first restaurant in Singapore in late 2025, with plans to open two more…
Business
Medical tourism, biopharma leading the way in China’s healthcare flows to Asean
Patients are flocking to the region in search of good quality, alternative healthcare treatments, while biopharma firms are making forays…
Business
Europe’s airlines dial up pressure in face of Chinese threat
AIR-FRANCE KLM is lobbying the French government to cap the number of flights that mainland Chinese carriers can make to Europe, according…
Business
Apple secretly worked with China’s BYD on long-range EV battery
APPLE worked with Chinese automaker BYD for years as part of its now-cancelled car project, developing long-range batteries that helped…
Business
Stripe in advanced talks to acquire stablecoin-focused fintech platform Bridge
STRIPE, the payments company founded by billionaire brothers Patrick and John Collison, is in advanced talks to acquire venture-backed…
Business
Robinhood plans to give traders access to futures, index options
ROBINHOOD Markets is broadening its offerings to futures trading and index options as the retail brokerage aims to attract more…
Business
Bernard Arnault’s US$37 billion wealth loss comes as luxury dims in China
EIGHTEEN months ago, LVMH shares were trading at a record high and the group’s controlling shareholder, Bernard Arnault, was the world’s…
Business
FTC adopts 'click to cancel' rule to make it easier to end subscriptions, mirroring California law
The Federal Trade Commission continued its crackdown on businesses that deceptively market and sell subscription services, adopting a rule…
Business
Bursa Malaysia’s outperformance may attract Singapore listcos seeking higher valuations
Singapore-listed UMS and Grand Venture Technology say they are eyeing secondary listings in Kuala Lumpur BURSA Malaysia has been one of…
Business
Amazon, Google tap into nuclear power to fuel data centers and AI push
Amazon on Wednesday announced plans to invest in nuclear power production to fuel its data centers with clean energy, a key part of the…
Business
Morgan Stanley widens gap as banks’ wealth units add US$5 trillion
MORGAN Stanley’s record quarter in wealth management capped a banner period for one of Wall Street’s most-profitable businesses. Client…
Business
General Motors backs biggest US lithium project with US$625 million investment
GENERAL Motors has committed US$625 million towards what will likely be one of the biggest US lithium mines, reinforcing the carmaker’s…
Business
China Life says profit to jump up to 185% on market rally
CHINA Life Insurance said profit for the first nine months is expected to increase as much as 185 per cent, buoyed by investment returns.…
Business
MF license aspirant list swells amid bullish industry growth projections
4 min read Last Updated : Oct 16 2024 | 5:37 PM IST India's thriving mutual fund industry is drawing interest from several firms, with…
Business
Morgan Stanley’s profit jumps on recovery in dealmaking
MORGAN Stanley’s profit rose in the third quarter, fuelled by a rebound in dealmaking that also helped its rivals. The investment bank…
Business
Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record
MORGAN Stanley’s profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its…
Business
Parkway Life Reit posts 2.8% higher Q3 DPU of S$0.1130
PARKWAY Life Reit on Wednesday (Oct 16) reported a 2.8 per cent rise in distribution per unit (DPU) to S$0.1130 for the third quarter of…
Business
Horizon Robotics seeks US$696 million in Hong Kong IPO, in what would be city’s largest in 2024
CHINESE autonomous driving firm Horizon Robotics is aiming to raise up to US$696 million in a Hong Kong initial public offering (IPO), as…
Business
Boeing to raise up to US$25 billion as strike weighs on finances
US AIRCRAFT manufacturer Boeing unveiled measures meant to replenish its cash flow on Tuesday (Oct 15), including an intention to raise up…
Business
Chinese stimulus to real estate checks steel price slide, worries persist
Steel prices had been on a downward trend, and experts agree that China’s stimulus has boosted global sentiment | (Photo: Shutterstock) 4…
Business
RTP leads $4.2 mn pre-seed round in Budy to streamline sales software
The funding will accelerate Budy’s AI development, focusing on tasks such as optimising Salesforce setups and improving sales pipeline…
Business
Reits results at a glance
S-Reits and business trusts financial results for period ended June 30, 2024 Source link