Culture
HSBC shelves plans for trading, financing carbon credits
HSBC Holdings has abandoned plans to build a carbon credits desk, according to sources familiar with the matter, as Europe’s biggest bank cools to a market rocked by repeated...
Nvidia’s AI chip demand still booming but slowing sales growth worries investors
NVIDIA forecast fourth-quarter revenue slightly above estimates on Wednesday (Nov 20), but still failed to meet lofty expectations of some investors who have made it the world’s most valuable...
Europe: Stoxx 600 flat in volatile trading; real estate weighs
EUROPE’S main stock index closed flat after a volatile session on Wednesday (Oct 20) as investors remained on edge over geopolitical tensions between Ukraine and Russia which continued to...
US: Target falters on mixed day for stocks
WALL Street stocks were mixed at the end of a choppy session on Wednesday (Nov 20) as investors awaited Nvidia earnings and sold off Target after weak results.One day...
Data centres the big positive surprise in Q3 as most S-Reits post results within expectations
Singapore-listed Reits report healthy operational performance, even as they face pressure from higher interest ratesDATA centres turned out to be the surprise package in what was otherwise an expected...
Financial claims surge 45%, led by spike in scam-related claims, says disputes resolution centre
THE Financial Industry Disputes Resolution Centre (Fidrec) handled 2,162 financial claims for its latest financial period from Jul 1, 2023, to Jun 30, 2024, a 44.6 per cent rise...
US: Wall Street opens subdued as Nvidia earnings awaited
WALL Street’s main indexes were little changed on Wednesday (Nov 20), as investors awaited AI giant Nvidia’s quarterly results, while also eyeing rising geopolitical tensions between Russia and Ukraine.
The...
HSBC relaunches ‘Premier’ brand in UK in pursuit of wealthy clients
HSBC is relaunching its ‘Premier’ wealth banking brand in Britain, targeting so-called mass affluent customers who have between £100,000 (S$170,082) and £2 million to invest.
Jose Carvalho, HSBC UK’s head...
OpenAI launches free AI training course for teachers
Trained on reams of data, generative AI can create brand-new humanlike content, helping users spin up term papers, complete science homework and even write entire novelsOPENAI and non-profit partner...
Chinese EV maker Nio’s Q3 net loss widens to 5.1 billion yuan on lower vehicle sales
CHINESE electric vehicle (EV) maker Nio’s net loss widened to 5.1 billion yuan (S$945.5 million) for its third quarter ended Sep 30, 2024, from 4.6 billion yuan in the...
