Business
Gold prices hit record high, nears US$4,000 per ounce mark on safe-haven demand
Gold prices climbed to an all-time high on Wednesday (Oct 8), nearing the crucial US$4,000-per-ounce level, bolstered by economic and…
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Demand
Business
Dell raises growth targets for next four years on strong AI server demand
The company continues to expect revenue growth of 2 to 3 per cent for its client solutions group, which includes personal computers Dell…
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Mercedes posts worst quarterly China sales since 2016 as demand crisis deepens
Mercedes-Benz Group’s China sales tumbled 27 per cent in the third quarter to their lowest level in almost a decade as luxury demand in…
Business
Gold notches fresh high on safe-haven demand, Fed rate-cut bets
Non-yielding gold thrives in a low-interest-rate environment and during economic uncertainties Gold prices rose to an all-time high on…
Business
Gold tops US$3,900 for first time on safe-haven demand
Non-yielding gold thrives in a low-interest-rate environment and during economic uncertainties Gold surged past US$3,900 an ounce for the…
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LNG demand for ships set to at least double by 2030 globally
Demand for liquefied natural gas (LNG) as a marine fuel will at least double by 2030 as abundant supply and rising emissions regulations…
Business
Singapore equities market rebound fuels demand for investor relations
More IPO aspirants are reaching out to IR agencies, prompting these firms to expand their teams and seek professionals with specialised…
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China’s pork prices slump with weak holiday demand boost
The sector is key to easing deflation risks, and its troubles underscore an uncertain outlook for the world’s second-largest economy.…
Business
Micron gives solid forecast after AI boosts memory demand
Demand for data centre equipment is stretching the ability of companies to keep up with orders Micron Technology, the largest US maker of…
Business
Tech deals no longer an easy win for investors; AI demand will see more need for power supply: Bain report
Software spending among companies is declining, and software revenue as a percentage of US GDP has started to ease off After years of…
Business
Oil dips as Iraq exports rise amid demand concerns
Oil prices settled marginally lower on Monday as concerns of an oversupply outweighed geopolitical tensions in Russia and the Middle East.…
Business
Apple’s iPhone 17 sales open to strong demand for pro models
The company faces lofty expectations from Wall Street for holiday period sales, despite global economic concerns and the threat of future…
Business
FedEx sees sales growth in sign of parcel demand rebound
The company expects revenue to grow by as much as 6% this year compared with a 1.2% average gain forecast by analysts FedEx reinstated its…
Business
GM is in talks to extend China venture with demand recovering
Foreign automakers have scaled back in the Asian nation as domestic players have taken greater control of the market General Motors (GM)…
Business
Oil prices ease on US demand concerns
Oil prices eased on Wednesday after data showing an increase in US diesel stockpiles stoked worries about demand and the US Federal…
Business
Another Malaysian unit of mm2 Asia receives RM1.5 million payment demand
MM2 Star Screen is also asked to pay 5% interest on the amount owed, along with the legal costs of film distributor Antenna Entertainments…
Business
Asian industries lift energy transition spending as demand grows
Asia expects to see power demand skyrocket in the coming years thanks to energy-intensive industries and growing populations in some…
Business
Carro raises US$60 million to capture Japanese used car demand in Asia Pacific
The company says it expects overall demand for used cars and plug-in hybrid electric vehicles from Japan to grow South-east Asia’s largest…
Business
Carro raises US$60 million to tap Asia-Pacific demand for used Japanese cars; Cool Japan Fund leads funding
The company says it expects overall demand for used cars and plug-in hybrid electric vehicles from Japan to grow South-east Asia’s largest…
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Oil gains weighed down by US demand worries
Oil prices rose on Friday (Sep 12) after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains…
Business
China’s credit expansion slows on weak demand, slower bond sales
China has been struggling to overcome the collapse of demand for borrowing linked to the property sector China’s credit growth slowed from…
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Oil prices slide 2% on worries about global oversupply, US demand
Oil prices slid on Thursday, settling about 2 per cent lower as concerns over possible softening of US demand and broad oversupply offset…
Business
China’s commodities imports rise as seasonal demand revives
China’s commodities imports broadly rose in August as buyers geared up for the increase in industrial activity that usually accompanies…
Business
mm2 Asia Malaysia unit gets RM1.3 million payment demand from Antenna Entertainments
Media company mm2 Asia on Friday (Sep 5) announced that its subsidiary in Malaysia, MM2 Screen Management, has received a payment demand…