Culture
China signals it will pull plug on subsidies for EVs with five-year plan exclusion
Analysts say the country’s EV industry is now world-leading and considered mature[SHANGHAI/BEIJING] China has sent a clear signal that it is willing to pull the plug on subsidies for...
Increasingly challenging to find suitable land for data centres: Keppel CEO
Loh Chin Hua says the company has been exploring power banking to boost efficiency[SINGAPORE] Finding land with the right connectivity and access to water to build data centres is...
Nvidia shares soar as Trump fuels hopes of China Blackwell sales
The tech company’s shares extended gains to 8.5% in Asian trading on the alternative platform Blue Ocean NVIDIA’S shares extended their dramatic ascent to a record after US President...
Mercedes beats margin forecasts as premium sales offset job-cut charges
[BERLIN/FRANKFURT] German carmaker Mercedes-Benz on Wednesday (Oct 29) reported stronger than expected margins at its core autos business as improved sales of premium models helped to offset one-off charges...
Vietnam boutique brands expand to Singapore amid rising demand
These labels, which do well among Singaporeans on their home turf, are setting up outlets to hawk trendy, affordable fashion[SINGAPORE] Along the first floor of Suntec City, a splash...
China blows past record for Europe car sales on hybrid, EV gains
The Asian nation’s latest plug-in hybrids offer long electric-only ranges, rapid charging and generous standard equipment at prices below European rivals[LONDON] Chinese carmakers posted their best month ever in...
Maybank upgrades OUE Reit to ‘buy’ amid lower cost of debt in Q3
[SINGAPORE] Analysts are positive on OUE Real Estate Investment Trust (Reit) on the back of its declining cost of debt in Q3 – with Maybank Securities equity analyst Krishna...
iX Biopharma raises gross proceeds of S$6.7 million from placement
The group intends to raise at least S$5 million from the exercise, with new shares issued at S$0.10 apiece[SINGAPORE] Singapore-based speciality pharmaceutical and nutraceutical company iX Biopharma raised gross...
SGAG parent company Hepmil sold to French Publicis Groupe for undisclosed fee
Established in 2015, Hepmil has a network of over 3,000 creators with a total reach exceeding 1 billion in six South-east Asian markets[SINGAPORE] Advertising and public relations giant Publicis...
Fed to cut rates, but with no added signal
Federal funds futures indicate investors see a quarter-point cut as nearly a certainty[NEW YORK] Expectations are set for two things from this week’s US Federal Reserve meeting: Officials will...
