Business
Electric trucks are the latest threat to oil demand in China
MORE and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an…
Tag
Demand
Business
OPEC+ Maintains Oil Production Increase as Prices Soften and Market Awaits Demand Recovery
With international oil markets facing price pressure and economic instability, OPEC+ has remained committed to gradually restoring supply.…
News
Oil prices fall on demand concerns in volatile session as US court blocks Trump tariffs
Oil prices fell on Thursday, retreating from earlier gains, after the International Energy Agency’s director warned of weaker demand in…
News
Toyota sales hit second monthly record on US demand, tariff rush
Japanese carmakers are heavily reliant on the US auto market and could suffer as much as a US$19 billion impact from the levies Toyota…
News
Singapore Savings Bond demand falls short; 10-year average return drops to 2.56%
The June tranche receives a total of S$302.9 million in applications for the S$500 million offered The latest Singapore Savings Bond (SSB)…
Business
UBS’s Iqbal Khan sees rich customer demand for alternative assets
Wealthy customers of UBS Group are looking to buy more alternative assets as they seek to diversify investments during a volatile period…
Business
Weak Chinese demand leaves Australia with too much wheat
Australian wheat inventories will likely be much higher than last year at the end of the season, pressuring prices, because of a drop in…
Business
Iron ore stays relevant despite China’s faltering property sector as demand drivers evolve
Iron ore, the backbone of China’s steel-fueled boom for more than two decades, is facing a pivotal demand shift. The ferrous metal’s…
Business
Centurion seen as small-cap ‘jewel’ amid demand for dormitory spaces, potential Reit listing
With demand for foreign workers continuing to outpace the supply of dormitory spaces, Centurion Corporation is ramping up capacity and…
Business
OpenAI to open office in Seoul amid growing demand for ChatGPT
OpenAI will set up its first office in Seoul and has established an entity in South Korea as demand in the country jumps for its ChatGPT…
Business
Ralph Lauren beats quarterly revenue estimates on resilient demand
It posted quarterly revenue of US$1.70 billion, compared with estimates of US$1.65 billion Ralph Lauren surpassed quarterly revenue…
Business
Private credit funds target billions in retail demand from Asia
From Singapore to Japan and Australia, fund managers in Asia are looking to unlock billions of US dollars for private credit from the last…
Business
Zoom lifts annual forecasts on robust demand amid AI push
Communications raised its annual revenue forecast on Wednesday, benefiting from hybrid work trends and the integration of artificial…
News
US shoplifting ‘epidemic’ sparks demand for French AI cameras
Paris-based AI startup Veesion has secured €38mn to fuel expansion to the US — where it looks to help cure the country’s shoplifting…
Business
Covid-19 testing demand surges as cases spike across Asia
Phase Scientific has developed the world’s first urine-based human papillomavirus test, and is planning to expand that business globally…
News
Oil prices little changed on geopolitical uncertainty, weak China demand signals
Oil prices were little changed on Tuesday (May 20) due to uncertainty in US-Iran negotiations and Russia-Ukraine peace talks, while new…
Business
Japan’s 20-year bond auction gets weakest demand since 2012
The sale comes after a recent surge in longer Japanese bond yields and increased volatility owing in part to US President Donald Trump’s…
Business
DBS loan demand to remain strong in H1, full-year growth likely at 5 to 6%: CEO Tan Su Shan
DBS expects its loan demand will remain strong in the first half of 2025, but warned that it may slow in the second half if the trade war…
Lifestyle
Low-cost carriers hit hardest by US travel demand slump
A slump in travel demand due to President Donald Trump’s trade war has left all US airlines reeling, but the pain is most acute at budget…
Fashion
Oil rises 3% on signs of more Europe and China demand, less US output
Oil prices climbed about 3 per cent on Tuesday on signs of higher demand in Europe and China, lower production in the US, tensions in the…
Business
Gold hits one-week high on safe-haven demand, Fed decision loom
Gold prices climbed to a one-week high on Tuesday (May 6) as rising concerns over US President Donald Trump’s tariff plans boosted…
Business
Tyson Foods beats quarterly profit estimates on strong chicken demand
The company witnessed sustained demand for its frozen meat and ready-to-eat food as consumers increasingly preferred eating at home Tyson…
Business
Instacart forecasts upbeat quarterly core profit on online grocery delivery demand
INSTACART forecast second-quarter core profit above Wall Street estimates on Thursday, betting on resilient demand for grocery and food on…
Business
ASM’s orders beat estimates on strong demand from China
ASM International’s first-quarter orders beat estimates, fuelled by high demand for chipmaking equipment in artificial intelligence (AI)…