Business
Wilmar posts US$347 million Q3 loss on 11.9 trillion rupiah graft penalty; core profit jumps 71%
Revenue is up 7.4% at US$19 billion; all sectors enjoyed stronger operational results Singapore-based agribusiness group Wilmar…
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Trillion
Business
Wilmar posts US$347.7 million Q3 loss on 11.9 trillion rupiah graft penalty; core profit jumps 71%
Revenue is up 7.4% at US$19.1 billion; all sectors enjoy stronger operational results Singapore-based agribusiness group Wilmar…
Business
US: Wall St opens at near records levels as Nvidia hits US$5 trillion
Wall Street opened just short of fresh records on Wednesday (Oct 29) as Nvidia hits a US$5 trillion valuation, while investors awaited an…
Business
Nvidia set to become first US$5 trillion firm as AI rally extends
Nvidia is on track to become the first US$5 trillion company as chief executive officer Jensen Huang’s spree of deals around the world…
Business
Nvidia storms past US$5 trillion valuation as AI boom powers meteoric rise
The milestone underscores the company’s transformation from a niche graphics-chip designer into the backbone of the global AI industry…
Business
Apple races past US$4 trillion market value as latest models revitalise iPhone sales
Apple topped US$4 trillion in market value for the first time on Tuesday (Oct 28), the third Big Tech company to hit the milestone, as…
Business
US bank reserves fall second week, extend drop below US$3 trillion
The drop comes as the Treasury has ramped up debt issuance to rebuild its cash balance following the increase in the debt ceiling in July…
Business
Musk hijacks Tesla earnings call to pitch US$1 trillion pay plan
[AUSTIN, Texas] Elon Musk, the world’s richest person, spent the end of Tesla’s earnings call pleading with investors to ratify his…
Business
Sovereign wealth funds, including Singapore’s GIC, drive biggest deals in US$3.5 trillion M&A year
Rainmakers at the top investment banks say they expect the flurry of takeovers to continue Deep-pocketed sovereign wealth funds are…
Business
Sea CEO Forrest Li sees path to US$1 trillion market cap with help of AI
But the company is battling deep-pocketed global challengers, including TikTok Shop and Lazada SEA founder Forrest Li told employees that…
News
Indonesia president says 40 trillion rupiah lost to illegal tin mining every year
INDONESIA is losing more than US$2 billion dollars every year to illegal tin mining and smuggling, President Prabowo Subianto said Monday…
Business
Samsung Electronics family to sell 1.7 trillion won stake amid share rally
The company has secured supply deals with other major customers and expectations have risen that the company will be able to supply its…
Business
JPMorgan pledges US$1.5 trillion to strengthen US economic security and resilience over next decade
The campaign boosts capital, resources and personnel that the largest US lender commits across sectors JPMorgan Chase vowed to funnel…
Business
Stablecoins could suck US$1 trillion from emerging-market banks in next three years: Standard Chartered
The boom in US dollar-backed stablecoins, helped by President Donald Trump’s crypto policies, could suck US$1 trillion worth of deposits…
Business
Indonesia mulls moving 10 trillion rupiah to regional banks to boost growth
Indonesia is considering moving up to 10 trillion rupiah (S$780 million) per lender to regional banks, its finance minister said on…
Business
Indonesia mulls moving 10 trillion rupiah per lender to regional banks to boost growth
The first two recipients could be Bank of Jakarta and East Java’s Bank Pembangunan Daerah Jawa Timur Indonesia is considering moving up to…
Business
Toyota Industries 4.7 trillion yen buyout plan faces antitrust delays
Toyota Motor chairman Akio Toyoda’s proposal to buy out Toyota Industries for 4.7 trillion yen (S$40.5 billion) has been delayed because…
Business
Elon Musk’s US$1 trillion pay plan faces pushback from investors, state officials
Despite reporting record quarterly deliveries, Tesla faces worries that the expiration of the US EV tax credit could turn the buying rush…
Business
VPBank Securities aims to raise 12.7 trillion dong in IPO this month
VPBank Securities, a stock brokerage firm owned by Vietnam Prosperity Bank, aims to raise 12.7 trillion dong (S$622 million) in an initial…
Business
What does 11.9 trillion rupiah in cash look like? For Wilmar, it could spell trouble
Loss of the ‘security deposit’ in relation to an Indonesian probe could account for a 65% drop in FY2025 earnings, according to DBS and…
Business
Alibaba launches Qwen3-Max AI model with more than one trillion parameters
The company has announced plans to invest 380 billion yuan in artificial intelligence-related infrastructure over the next three years…
Business
China banks amped up 72 trillion yuan bond bet just as market peaked
It comes at a risky time as the nation’s bond market is about to wipe out this year’s advance Just as China’s long bull run for bonds is…
Business
Alphabet hits US$3 trillion in market capitalisation for first time
Class A shares of the company were up 4.6% at US$251.88, while Class C shares climbed 4.5% to US$252.3 Google-parent Alphabet hit a market…
Business
Alphabet enters US$3 trillion market cap club as Big Tech’s AI momentum builds
Technology and AI-linked stocks have powered Wall Street’s main indexes to record highs lately amid growing hopes that the US Federal…