Business
TSMC posts forecast-beating Q3 revenue surge on AI boom
The company will report full third-quarter earnings on Oct 16, including an updated outlook for the current quarter and full year Taiwan…
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Business
Business
Top Glove swings into the black with RM38.6 million Q4 net profit; declares 0.48 sen final dividend
Malaysian glove-maker Top Glove on Thursday (Oct 9) posted a net profit of RM38.6 million (S$11.8 million) for its fourth quarter ended…
Business
Top Glove swings into the black with RM38.6 million Q4 net profit; returns to full-year profitability
It declares a final dividend of 0.48 sen per share and attributes the improved performance to stronger demand Malaysian glove-maker Top…
Business
Why I dropped out of college to build an AI startup (and why most people shouldn’t)
Fast Company is delighted to make this article available to any student for free. Please request a copy by email. I was sitting on the…
Business
SingPost short interest spikes on uncertain direction and smaller scale
The short interest in Singapore Post (SingPost) shares has been surging since July, catapulting the counter to the top shorted stock on…
Business
US approves some Nvidia UAE sales in step of Trump AI diplomacy
Artificial intelligence is among the top priorities for the Gulf nation, which is spending massively on infrastructure at home and…
Business
Competition watchdog clears Econ Healthcare acquisition, says deal has not substantially lessened competition
This is in view of the low market shares of the parties involved in the acquisition, among other reasons Singapore’s competition regulator…
Business
Indian central bank steps up offshore FX defence to shield rupee
The local currency’s one-month volatility against the US dollar has fallen sharply this month India’s central bank has ramped up its…
Business
The Webster Sells Majority Stake to U.K.’s Frasers Group
The Webster has a new majority owner. The luxury multibrand retailer has sold a majority stake to the British retail conglomerate Frasers…
Business
Clear pathways to growth and prosperity in Asia amid global uncertainty: OCBC’s Tan Teck Long
The ‘golden era of globalisation’ now feels like a distant memory, says the bank’s deputy CEO While the world is facing a landscape marked…
Business
Asia: Stocks mixed as traders assess AI rally, US rates and shutdown
Technology firms have been riding to ever-higher levels this year, dragging equity markets with them as companies pump hundreds of…
Business
Netflix Co-CEO Greg Peters, Asked if Company Is Interested in Buying Warner Bros. Discovery, Says ‘Big Media Mergers Don’t Have an Amazing Track Record’
Will Netflix pursue a large-scale media M&A play? Don’t bet on it. Greg Peters, co-CEO of Netflix, downplayed the company’s desire to grow…
Business
China tightens rare earth export controls, targets defence, semiconductor users
Manufacturers overseas using any Chinese components or machinery must also apply for licences to export controlled items, the ministry…
Business
CAA Slams OpenAI’s Sora 2 For Posing ‘Serious and Harmful Risks’ to Clients’ Intellectual Property: ‘Compensation Is a Fundamental Right’
Leading Hollywood agency CAA issued a statement rejecting OpenAI‘s video model Sora 2, which has sent shockwaves through the industry for…
Business
Asia bonds look vulnerable as Fed rate cuts deliver less support
Central banks in Indonesia, India, Malaysia, Thailand, South Korea and the Philippines have trimmed their benchmark rates by a cumulative…
Business
Top Singapore fund Lion Global wins with ‘forgotten’ small-caps
The company sees the small- and mid-cap strategy continuing to succeed over the longer term as well Lion Global Investors’ strategy of…
Business
Top Singapore fund LionGlobal wins with ‘forgotten’ small-caps
The company sees the small- and mid-cap strategy continuing to succeed over the longer term as well Lion Global Investors’ strategy of…
Business
Keppel Reit raises S$113 million in private placement for Sydney mall buy
The manager of Keppel Reit on Thursday (Oct 9) announced that the private placement to raise S$113 million for its majority purchase of…
Business
China stocks rise post-break as AI buzz outshines tepid spending
Traders are now turning their attention to policy signals ahead of the Communist Party’s Oct 20 to 23 meeting, where the blueprint for the…
Business
Gold pauses after record rally on safe-haven demand
Markets are pricing in an additional 25-basis-point cut each in October and December Gold eased on Thursday (Oct 9), as investors booked…
Business
Variety, Panera, Digitas and Nicky Campbell to Participate in Advertising Week Panel
Executives from Variety, Panera and Digitas, plus creator Nicky Campbell will take the Advertising Week stage on Oct. 9 for the…
Business
BOJ will find another rate hike this year difficult, says ex-deputy governor
The Bank of Japan (BOJ) can raise interest rates if prospects of durably meeting its 2 per cent inflation target improve, but would…
Business
HSBC plans to take Hang Seng Bank private in US$37 billion deal
The firm, based in London, is known as an anchor of commerce between the Asia-Pacific region and the rest of the world HSBC Holdings is…
Business
HSBC plans to privatise Hang Seng at US$37 billion valuation
The lender plans to refrain from share buybacks in the coming three quarters as it seeks to restore its capital ratio to its operating…