Culture

Vietnam tech champion accelerates AI push with Japan expansion
VIETNAM’S software and telecommunications champion FPT plans to open an artificial intelligence (AI) data centre in Japan next year, capitalising on rising AI demand to accelerate its expansion abroad.The...
BNP cuts 10% of China dealmaker jobs after 2022 expansion
BNP Paribas made its first round of layoffs in China investment banking since an expansion two years ago, cutting about 10 jobs amid a sluggish market for deals, sources...
SoftBank to get first new Nvidia chips for Japan supercomputer
SOFTBANK Group will be the first Nvidia customer to build a supercomputer based on the chipmaker’s new Blackwell design, a move to meet growing demand in a country eager...
China taps global bankers for feedback to lift market confidence
CHINA’S securities regulator has ratcheted up the frequency of interactions with global banks, intensifying what had been quarterly discussions to sometimes weekly or ad-hoc queries aimed at gathering perspectives...
Alphabet’s Waymo opens autonomous ride-hailing service to all in Los Angeles
ALPHABET’S Waymo said on Tuesday (Nov 12) that its autonomous ride-hailing service, Waymo One, is now available to everyone in Los Angeles, a sign of rapid growth and adoption...
Gold prices flat, focus on US inflation print
Gold prices barely moved on Wednesday (Nov 13), as attention shifted to a key US inflation print due later in the day, which could shed more light on the...
Frasers Property remains keen on Singapore housing development but is cautious over entry costs and margins
FRASERS Property posted a net profit of S$148.9 million for the second half of its financial year ended Sep 30, reversing losses of S$52.6 million in the same period...
Valuetronics posts 10.2% rise in H1 net profit to HK$90.5 million
INTEGRATED electronic manufacturing services (EMS) provider Valuetronics’ net profit for the first half ended September grew 10.2 per cent to HK$90.5 million (S$15.6 million) from HK$82.1 million.Earnings per share...
Stocks to watch: Singtel, Frasers Property, Bumitama Agri, The Hour Glass
THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 13): Singtel: The telecommunications operator’s net profit for the first half ended September...
Apple’s next device is an AI wall tablet for home control, Siri and video calls
APPLE, aiming to catch up with rivals in the smart home market, is nearing the launch of a new product category: a wall-mounted display that can control appliances, handle...
Hertz falls on mounting losses from failed bet on Tesla EVs
HERTZ Global Holdings tumbled after the company reported a worse-than-expected loss stemming from the rental car company’s failed bet on electric vehicles (EVs) and heavy depreciation costs that have...
Spotify beats subscriber, margin estimates even as ad sales lag
SPOTIFY Technology reported third-quarter growth in subscribers and profit margins, saying lower marketing and personnel costs helped the music streaming service overcome a tough climate for advertising.Paying subscribers grew...