Business
Billions wiped off Nio’s market value as shares plunge 9.5% on news of GIC lawsuit
The Chinese EV maker and its top execs are being sued for ‘fraudulent recognition’ of at least US$600 million revenue Shares of Nio…
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Business
Business
TSMC Q3 profit blows past market forecast to a record on AI spending boom
TSMC, the world’s main producer of advanced artificial intelligence (AI) chips, posted a 39.1 per cent jump in third-quarter profit to…
Business
CLI’s self-storage unit invests close to S$100 million in Singapore flagship project, 3 Tokyo facilities
When completed, the local facility will expand ESA’s portfolio in the Republic to 13 properties with more than 1.5 million sq ft of gross…
Business
Thai banks face lending income hit as weak economy persists
Margins will be pinched as interest-income gains are further limited, compounded by weak lending and bad debt Four of Thailand’s largest…
Business
Malaysia central bank says it will transition to transaction-based benchmark market rates
Malaysia’s central bank said on Thursday that it will transition from the Kuala Lumpur Interbank Offered Rate (KLIBOR) to the Malaysia…
Business
TSMC ADR premium tops two-decade high as global buyers pile in
Global investors are ramping up bets on Taiwan Semiconductor Manufacturing Company (TSMC) ahead of its earnings, confident that the…
Business
Banks and private credit clash after Dimon’s cockroach barb
The bickering underscores what’s at stake as a tidal wave of change sweeps across the financing landscape On Wall Street, everyone’s a…
Business
Meet Notewrks, Snif’s New Subbrand
Snif is taking aim at a new demographic and olfactive territory with the launch of its latest subbrand. Called Notewrks, the launch…
Business
Auditor for Dasmond Koh’s NoonTalk Media flags going concern doubts amid net losses
The group incurred a net loss of nearly S$1.8 million and has net liabilities of S$396,000 The independent auditor for Catalist-listed…
Business
Auditor for Dasmond Koh’s NoonTalk Media flags firm’s ability to continue as a going concern amid losses
The group incurs a net loss of nearly S$1.8 million and has net liabilities of S$396,000 The independent auditor for Catalist-listed…
Business
Asia: Stocks rise as traders weigh China-US row, rate cut hopes
ASIAN equities edged up on Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal…
Business
Indonesia sovereign wealth fund INA to trim exposure to infrastructure
Indonesia Investment Authority, one of the country’s two sovereign wealth funds, is looking to reduce its heavy reliance on infrastructure…
Business
Industrial property developer Soon Hock Enterprise closes 0.9% below IPO price in mainboard debut
Industrial property developer Soon Hock Enterprise debuted on the mainboard of the Singapore Exchange (SGX) on Thursday (Oct 16), and…
Business
Hyundai pivots to hybrids as it unveils US$5 billion India plan
The move comes as the automotive industry has moved away from ambitious targets for EV sales outside of China, following a hybrid-oriented…
Business
Gold hits record high as investors turn to safe haven
Investors anticipate a near-certain 25-basis-point rate cut at this month’s US Federal Reserve meeting, followed by another in December…
Business
Food Innovators turns profitable one year after Catalist debut
Restaurant operator Food Innovators announced on Wednesday (Oct 15) that it turned profitable for its first half of 2026 ended August, a…
Business
Food Innovators is back in the black, posts a ‘modest’ H1 profit of S$200,000
The Japanese restaurant operator sank into the red for its latest financial year ended Feb 28, 2025, after its Catalist debut in October…
Business
Stocks to watch: SIA Group, Jardine C&C, Aztech Global, Q&M Dental, Food Innovators
The following companies saw new developments that may affect trading of their securities on Thursday (Oct 16): SIA Group: Passenger…
Business
Johnson & Johnson baby powder: Thousands sue company alleging it hid talcum powder cancer risks
A major legal claim has been filed in the UK against pharmaceutical giant Johnson & Johnson, accusing the firm of knowingly selling baby…
Business
Paxos mistakenly issues US$300 trillion of PayPal stablecoin
Stablecoin issuer Paxos said that it mistakenly minted US$300 trillion of PayPal Holdings’ PYUSD stablecoin on Wednesday (Oct 15) before…
Business
G7 set to discuss joint response to China curbs on rare earths
The latest spat between the world’s two largest economies has rattled markets in recent days Finance chiefs from the Group of Seven (G7)…
Business
SGX launches Indonesia depository receipts featuring blue-chip listcos
The bourse, which currently has 26 depository receipts listed, plans to expand its offerings to include Vietnam companies next year Local…
Business
Chelsea 2-1 Paris FC: Alyssa Thompson 'a real bright spark' but best 'is still to come'
Chelsea's dominant victory over Paris FC was lit up by the newest member of their attack, Alyssa Thompson, who traversed the Stamford…
Business
Is Keppel Reit’s deal Down Under a good move?
Prime office landlord may continue diversifying geographically and across real estate asset classes to expand its portfolio Unitholders of…