Business
China’s AI chip boom fuels rallies in Cambricon, Alibaba shares
The mainland’s chip-focused gauge, better known as Star50, now trades at 57 times forward earnings, above its five-year average of 41 Chip…
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Oracle shares jump to record on cloud infrastructure outlook
Oracle shares surged to a record in extended trading after the company posted a significant increase in bookings and gave an aggressive…
Business
Alibaba dumps 151.3 million SingPost shares, slashing its stake to below 5%
This means the Chinese e-commerce giant is no longer a substantial shareholder of the national postal service provider Alibaba Investment,…
Business
Europe: Shares end higher amid all eyes on French no-confidence vote
EUROPEAN shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote…
Business
Asia: Shares rise as Japan politics weigh on yen
Asian markets rose on Monday (Sep 8), with Tokyo up nearly two per cent after Japanese Prime Minister Shigeru Ishiba’s decision to resign…
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Europe: Shares end stronger on firmer Fed rate-cut bets
EUROPEAN shares closed higher on Thursday as heightened expectations for a US Federal Reserve interest rate cut lifted markets, while…
Business
Cambricon’s shares dive 14% after red-hot China AI rally cools
Cambricon Technologies shares tumbled by the most in nearly eight months after investors cashed out of one of the more spectacular Chinese…
Business
Japan’s Nidec shares sink 22% on fears of systematic accounting issues
Nidec’s shares plunged as much as 22 per cent, the most on record, after the Japanese electronic components maker found evidence that…
Business
Europe: Shares close higher as bond selloff cools
EUROPEAN shares ended higher on Wednesday, stabilising as investors assessed fiscal challenges after a selloff in longer-dated bonds had…
Business
US: Tech shares lead stocks higher ahead of jobs data
Wall Street stocks finished mostly higher on Wednesday following gains by Google parent Alphabet and Apple as markets look ahead to key US…
Business
Big Food goes small: Kraft Heinz bets on simplicity to boost shares
Investment bankers had pitched a breakup to Kraft Heinz for years without success, sources said. The company finally agreed to a split…
Business
CNMC shares strike gold as yellow metal surges again; pure gold play on SGX hits S$0.765 new high
Shares of CNMC Goldmine surged by over 12 per cent on Wednesday (Sep 3) – continuing gains since the release of its outstanding H1 results…
Business
CNMC shares strike gold at new high of S$0.765 as yellow metal surges again
This comes on the back of gold prices’ steady rise in recent times, following a season of market volatility Shares of CNMC Goldmine surged…
Business
Transparency and prudence guide ValueMax shares to record high
Shares of pawnbroker ValueMax have been on a tear. After a 33 per cent jump in 2024, the counter has climbed another 94.2 per cent so far…
Business
ComfortDelGro buys rest of CityCab shares for S$116.3 million from ST Engineering unit
Transport giant ComfortDelGro (CDG) acquired on Monday (Sep 1) all of ST Engineering Land Systems’ shares in taxi operator CityCab for a…
Business
Alibaba shares soar most since 2022 after making headway in AI
Alibaba Group Holding’s stock leapt more than 18 per cent after reporting a surge in revenue from artificial intelligence (AI),…
Business
Europe: Shares post first weekly loss in four as banks weigh
European shares closed lower on Friday (29 Aug), hitting their lowest in over two weeks, weighed down by British banks, while investors…
Business
Australian shares post best August in 16 years as earnings season ends
The Australian benchmark notched its best August performance in sixteen years on Friday (Aug 29) as the corporate earnings season wrapped…
Business
Asian Stock Markets Slide as NVIDIA Faces China Setback and Meituan Shares Crash
Thursday was a mixed day on Asian stock markets as investors reacted to lackluster signals from U.S. chipmaker Nvidia. The MSCI…
Business
Buffett’s Berkshire lifts stakes in Japan trading houses, buoys shares
Warren Buffett’s Berkshire Hathaway has raised its stakes in Mitsubishi and Mitsui & Co, according to the Japanese trading houses,…
Business
Singapore shares end flat amid Fed pressure and ahead of Nvidia earnings release
Local stocks ended Wednesday (Aug 27) unchanged while regional markets closed mixed, as investors weighed political pressure on the US…
Business
Europe: Shares retreat after Powell-induced rally, JDE Peet’s soars
EUROPEAN shares closed lower on Monday, giving back Friday’s gains on optimism around US monetary policy easing, while JDE Peet’s soared…
Business
Singapore shares close higher on Monday as inflation eases; STI up 0.1%
Stocks on the local bourse closed higher on Monday (Aug 25) after the Republic reported that core inflation eased to 0.5 per cent in July,…
Business
First Resources to acquire remaining shares of Indonesia-listed Austindo Nusantara Jaya it does not own
First Resources will buy the remaining shares of Austindo Nusantara Jaya after its acquisition of a 91.2 per cent stake in the…