Business
Cambricon’s shares dive 14% after red-hot China AI rally cools
Cambricon Technologies shares tumbled by the most in nearly eight months after investors cashed out of one of the more spectacular Chinese…
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shares
Business
Japan’s Nidec shares sink 22% on fears of systematic accounting issues
Nidec’s shares plunged as much as 22 per cent, the most on record, after the Japanese electronic components maker found evidence that…
Business
American Eagle's shares soar as Sydney Sweeney boosts sales
Shares of fashion retailer American Eagle Outfitter have jumped after the company said that its tie-ups with celebrities Sydney Sweeney…
Business
Europe: Shares close higher as bond selloff cools
EUROPEAN shares ended higher on Wednesday, stabilising as investors assessed fiscal challenges after a selloff in longer-dated bonds had…
Business
US: Tech shares lead stocks higher ahead of jobs data
Wall Street stocks finished mostly higher on Wednesday following gains by Google parent Alphabet and Apple as markets look ahead to key US…
Business
Big Food goes small: Kraft Heinz bets on simplicity to boost shares
Investment bankers had pitched a breakup to Kraft Heinz for years without success, sources said. The company finally agreed to a split…
Business
CNMC shares strike gold as yellow metal surges again; pure gold play on SGX hits S$0.765 new high
This comes on the back of gold prices’ steady rise in recent times, following a season of market volatility Shares of CNMC Goldmine surged…
Business
Transparency and prudence guide ValueMax shares to record high
Shares of pawnbroker ValueMax have been on a tear. After a 33 per cent jump in 2024, the counter has climbed another 94.2 per cent so far…
Business
ComfortDelGro buys rest of CityCab shares for S$116.3 million from ST Engineering unit
Transport giant ComfortDelGro (CDG) acquired on Monday (Sep 1) all of ST Engineering Land Systems’ shares in taxi operator CityCab for a…
Business
Alibaba shares soar most since 2022 after making headway in AI
Alibaba Group Holding’s stock leapt more than 18 per cent after reporting a surge in revenue from artificial intelligence (AI),…
Business
Europe: Shares post first weekly loss in four as banks weigh
European shares closed lower on Friday (29 Aug), hitting their lowest in over two weeks, weighed down by British banks, while investors…
Business
Australian shares post best August in 16 years as earnings season ends
The Australian benchmark notched its best August performance in sixteen years on Friday (Aug 29) as the corporate earnings season wrapped…
Business
Buffett’s Berkshire lifts stakes in Japan trading houses, buoys shares
Warren Buffett’s Berkshire Hathaway has raised its stakes in Mitsubishi and Mitsui & Co, according to the Japanese trading houses,…
Business
Kohl’s tops earnings estimate and raises full year outlook, shares soar
Kohl’s shares are soaring again—and this time it’s not just a meme stock. The department store chain’s shares surged on Wednesday as the…
Business
Singapore shares end flat amid Fed pressure and ahead of Nvidia earnings release
Local stocks ended Wednesday (Aug 27) unchanged while regional markets closed mixed, as investors weighed political pressure on the US…
Business
Puma Shares Soar on News That Pinault Family’s Artémis Could Sell Stake
Shares of Puma SE soared nearly 15 percent by end of day trading on Monday after a new report speculated that Artémis, the Pinault…
Business
Singapore shares close higher on Monday as inflation eases; STI up 0.1%
Stocks on the local bourse closed higher on Monday (Aug 25) after the Republic reported that core inflation eased to 0.5 per cent in July,…
Business
First Resources to buy remaining shares of Indonesia-listed Austindo Nusantara Jaya it does not own
First Resources will buy the remaining shares of Austindo Nusantara Jaya after its acquisition of a 91.2 per cent stake in the…
Business
First Resources to buy remaining shares of Indonesia-listed Austindo Nusantara Jaya
First Resources will buy the remaining shares it does not own in Austindo Nusantara Jaya after its acquisition of a 91.2 per cent stake in…
Business
Europe: Shares close at five-month highs after Powell hints at September rate cut
European shares closed at their highest level in more than five months on Friday (Aug 22) after US Federal Reserve chair Jerome Powell…
Business
Chinese stocks lead global markets as chip shares skyrocket
Chinese stocks were a standout performer in global markets on Friday (Aug 22), with a benchmark of onshore equities capping its best week…
Business
Europe: Shares steady with Fed’s summit in focus; US-EU lock in trade deal
EUROPEAN equities were subdued on Thursday as investors awaited updates from the Federal Reserve’s Jackson Hole symposium, while the…
Business
Singapore shares rise as market eagerly awaits signals of interest rate cuts; STI up 0.3%
Singapore shares rose on Thursday (Aug 21), as the market awaits for hints from US Federal Reserve chairman Jerome Powell about the future…
Business
Australia: Shares hit fresh high on mining and banks boost
AUSTRALIAN shares rose to a record high on Thursday, driven by miners and banks, while investors awaited US Federal Reserve Chair Jerome…