Business
Nvidia’s supply snags limit deliveries even as demand booms, shares down
NVIDIA’S revenue forecast on Wednesday (Nov 20) disappointed Wall Street, raising questions over whether the artificial-intelligence (AI)…
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Business
Business
China's second-richest man demands apology from ByteDance founder over online attacks
China's second-wealthiest man on Wednesday made a surprise demand that the country's richest man, founder of ByteDance, apologise for the…
Business
China’s Baidu posts 3% fall in third-quarter revenue, beats market estimates
BAIDU reported a 3 per cent fall in third-quarter revenue on Thursday (Nov 21), beating market estimates, as China’s biggest Internet…
Business
China’s Baidu says advertisers still subdued as revenue falls 3%
CHINA’S Baidu on Thursday (Nov 21) said it had not yet seen any notable improvement in advertising spending patterns or consumer spending…
Business
Chinese broker Futu cuts 5% of staff as global expansion slows
CHINA’S online brokerage Futu Holdings is reducing its headcount by about 5 per cent as it reassesses the firm’s strategy to expand…
Business
Aramco to take on more debt, focus on dividend growth
Saudi Arabian Oil plans to take on more debt and will focus on “value and growth” for its dividend, the company’s finance chief said.…
Business
South Korea’s AI chip investor announces plan for share buybacks
SK SQUARE, the holding company of SK Hynix, a maker of artificial intelligence chips, on Thursday (Nov 21) announced a plan to buy back…
Business
How will shipping giant's move affect major port?
As a major container shipping company announces its larger vessels will stop using the Port of Felixstowe, what impact will that have?…
Business
CLI to invest up to A$1 billion to grow funds under management in Australia
CAPITALAND Investment (CLI) will commit up to A$1 billion (S$878 million) to grow its funds under management (FUM) in Australia, said the…
Business
Starbucks is said to consider selling stake in Chinese business
STARBUCKS is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to…
Business
Sinochem may keep bankrupt refineries as auctions draw scant interest: sources
SINOCHEM Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other…
Business
Chinese healthcare businesses wade into South-east Asia for cost-efficiency, growth
Beijing-based healthcare private equity firm with US$3.4 billion AUM aims to set up a fund for Chinese companies expanding into region…
Business
China’s healthcare businesses wade into South-east Asia for cost-efficiency, growth
Beijing-based healthcare private equity firm with US$3.4 billion AUM aims to set up a fund for Chinese companies to expand into region…
Business
Kioxia market value set at 750 billion yen, Japan chipmaker to receive listing approval: sources
BAIN-BACKED Kioxia will have a market value of about 750 billion yen (S$6.5 billion) based on the indicative price for its initial public…
Business
Bankman-Fried’s ex-deputy Wang avoids prison time over crypto fraud
FORMER cryptocurrency executive Gary Wang, who unwittingly wrote the computer code that helped FTX founder Sam Bankman-Fried steal about…
Business
Asia: Markets mixed as Nvidia falls short of hopes, eyes on Trump
ASIAN markets were mixed on Thursday (Nov 21) as another blockbuster earnings from chip titan Nvidia smashed forecasts but still left…
Business
Bitcoin hits record US$95,000 as crypto seeks direct line to Trump
BITCOIN hit US$95,000 for the first time as the digital-asset sector moves to cement its influence with Donald Trump by pushing for a new…
Business
Bitcoin climbs closer to US$100,000 on Trump’s support for crypto
BITCOIN closed in on the historic US$100,000 level, fuelled by optimism that President-elect Donald Trump’s support for crypto heralds a…
Business
Woman-owned cafe in Indonesia's Sharia stronghold shakes stigma
In what claims to be the only woman-run cafe in the capital of Indonesia's most conservative province, owner Qurrata Ayuni says she and…
Business
Hyundai unveils big electric SUV in fast-growing market
HYUNDAI Motor unveiled its first three-row electric SUV on Wednesday (Nov 20), pushing into a market for big family cars that global…
Business
Blackstone invests US$500 million in Lancium AI buildout
BLACKSTONE invested more than US$500 million in Lancium, which is building more than five gigawatts of data centres in West Texas with an…
Business
Padres $50 Million Shortstop Predicted To Betray San Diego For Hated Rival
✓ Link copied to clipboard! The Los Angeles Dodgers and the San Diego Padres are one of the bitterest rivalries in all of baseball. These…
Business
Singapore shares open higher on Thursday; STI up 0.1%
SINGAPORE stocks began trading in positive territory on Thursday (Nov 21) after global equities ended mixed overnight. As at 9.04 am, the…
Business
Singtel makes senior management changes, appoints new chief corporate officer
THE telco’s Singapore deputy chief executive Anna Yip, 54, will relinquish her role to lead the business development function, which will…