Business
Sembcorp’s purchase of Alinta has green risks
Post-acquisition, the Australian utility may present significant capital expenditures or a slower-than-expected green transition At the…
Section
Business
Business
Pop Mart’s 40% stock rout shows growing worry over Labubu crash
Concerns remain whether Labubu is a durable long-term character or a fashion trend LABUBU mania appears to be ebbing as quickly as it…
Business
Binance weighs US strategy as billionaire Zhao regains clout
Binance has positioned Yi He’s promotion, who is Zhao’s partner, as a sign of stability CHANGPENG Zhao has unfinished business. The…
Business
Micron forecasts blowout earnings on booming AI market, shares rise 5.7%
MICRON Technology forecast second-quarter adjusted profit at nearly double what Wall Street analysts expected on Wednesday, buoyed by…
Business
Micron surges as global memory chip shortage boosts profit forecast
It is set to add over US$30 billion to its market capitalisation, if premarket gains hold MICRON Technology shares rose nearly 14 per cent…
Business
Boot Sales Had a Slow Start This Fall, But Business Is Now More Brisk as Winter Takes Hold
Winter weather has arrived, setting the stage for boot-selling season. Tall boots, short boots, booties, block heel boots and square toe…
Business
European equities muted as tech valuation concerns linger; UK markets outperform
EUROPEAN shares were little changed on Wednesday with losses in technology stocks offsetting strong performance from basic resources amid…
Business
Wall Street closes lower as AI funding jitters drag tech stocks
WALL Street’s main indexes closed lower on Wednesday, with the S&P 500 and the tech-heavy Nasdaq sinking to three-week lows as nagging…
Business
US stocks closes lower as AI funding jitters drag tech stocks
WALL Street’s main indexes closed lower on Wednesday, with the S&P 500 and the tech-heavy Nasdaq sinking to three-week lows as nagging…
Business
Oracle data centre plan hit as Blue Owl walks from US$10 billion deal: source
Blue Owl’s discussions with lenders and Oracle for an OpenAI-linked Michigan data centre stall after failed negotiations Oracle’s largest…
Business
Wall Street subdued at open as investors eye policy outlook; Oracle slides
Wall Street’s main indexes were subdued at the open on Wednesday (Dec 17) as investors searched for fresh clues to gauge the outlook for…
Business
HSBC’s Elhedery to kick off 2026 with extended Hong Kong stint
His temporary relocation is part of an effort to cut down on a hectic travel schedule HSBC Holdings staff in Hong Kong are about to see a…
Business
Acrophyte Hospitality Trust unit to divest Hyatt Place Primacy Parkway hotel for US$7.8 million
ARA USH Chicago, an indirect wholly owned subsidiary of Acrophyte Hospitality Management Trust (AHT), is selling a hotel in the US for…
Business
Chinese chip firms line up for Hong Kong listings in coming weeks
At least six Chinese companies related to artificial intelligence are set to go public in Hong Kong in the coming weeks, people familiar…
Business
HG Metal subsidiary to buy industrial property in Tuas for S$20.8 million
A unit of steel distributor HG Metal Manufacturing has exercised an option to purchase (OTP) to acquire an industrial property in Tuas for…
Business
At a Silicon Valley summit, robots fold laundry—and investors open their wallets
Robots from around the world converged on Silicon Valley to provide a glimpse of a potential future. Two robots picked up T-shirts with…
Business
First LNG Power Plants go Live in Vietnam as Country Targets 20 More by 2035
Vietnam has officially inaugurated its first cluster of liquefied natural gas (LNG)-fired power plants, a key milestone in the country's…
Business
IHG signs franchise deal for first Kimpton hotel in Morocco
IHG Hotels & Resorts and Sirayane Hospitality have formalised a franchise agreement to open the first Kimpton property in Morocco. The…
Business
Volkswagen budget cuts force battery unit to seek external funds
PowerCo is considering bank loans, external investors and a potential public offering Volkswagen’s battery business is being forced to…
Business
Ford cancels EV battery deal worth 9.6 trillion won with South Korea’s LG Energy Solution
South Korea’s LG Energy Solution said on Wednesday (Dec 17) that Ford Motor has terminated an electric vehicle (EV) battery-supply deal…
Business
Singapore stocks slip despite improved 2026 growth outlook; STI down 0.1%
Singapore stocks ended lower on Wednesday (Dec 17), even as private-sector economists turned more optimistic about the Republic’s growth…
Business
South Korea central bank sees upside inflation risk with a weaker won
South Korea’s central bank said on Wednesday (Dec 17) that headline inflation in 2026 could exceed earlier forecasts, if the won stays at…
Business
Warburg Pincus is said to near acquisition of Asian firm Acclime
The transaction may value the corporate services firm at US$950 million to US$1 billion Warburg Pincus is nearing a deal to acquire…