Culture
Meituan plans debut dim sum bonds in up to 10 billion yuan sale
The company has faced an increasingly crowded field in China’s food delivery sector, where rivals have been slashing prices[HONG KONG] Chinese food delivery company Meituan is looking to raise...
Ford lowers annual guidance, citing fire at supplier’s aluminum plant
[DETROIT] Ford Motor cut its profit guidance on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of some of its most lucrative vehicles through...
Gold firms ahead of US inflation data, but heads for weekly fall
Investors have nearly fully priced in a 25-basis-point rate cut at the US Federal Reserve’s meeting next week. [BENGALURU] Gold prices rose on Friday (Oct 24), supported by lingering...
Six Wall Street bank chiefs hold most power since global crisis
[NEW YORK] The last time every major US bank boss also led their boards, Steve Jobs was launching the first iPhone and Bear Stearns had a market value of...
Anthropic to use Google’s AI chips worth tens of billions to train Claude chatbot
ANTHROPIC is expanding its deal with Google to use as many as one million of the tech giant’s artificial intelligence chips, worth tens of billions of dollars, as the startup races...
Keppel DC Reit’s 9-month distributable income rises 55.5%
[SINGAPORE] Keppel DC Reit reported distributable income of S$195.3 million for the nine months ended Sep 30, up 55.5 per cent from S$125.6 million a year earlier.Its distribution per...
Apple begins shipping AI servers from Houston factory
[SAN FRANCISCO] Apple has started shipping artificial intelligence servers built in a factory in Houston, it said on Thursday, part of the company’s plans to invest US$600 billion in the...
Apple loses landmark UK lawsuit over app store commissions
[LONDON] Apple abused its dominant position by charging app developers unfair commissions, a London tribunal ruled on Thursday, in a blow which could leave the US tech company on the...
Putin defiant after Trump sanctions Russian oil majors over Ukraine
[MOSCOW] Russian President Vladimir Putin remained defiant on Thursday after US President Donald Trump hit Russia’s two biggest oil companies with sanctions to pressure the Kremlin leader to end the war...
Applied Materials to cut 4% of global staff after sales slow
[SAN FRANCISCO] Applied Materials, the largest US producer of chipmaking equipment, plans to cut 4 per cent of its global workforce as it copes with a sales slowdown and...
