Culture
Nvidia marks Paris tech fair with Europe AI push
Drawing high-powered tech CEOs and a presidential visit, the Vivatech trade fair opened in Paris on Wednesday with a bang as Nvidia boss…
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Culture
Culture
Oil prices jumps 4% to 2-month high as tensions rise in Middle East
Oil prices rose more than 4 per cent on Wednesday, to their highest in more than two months, after sources said the US was preparing to…
Culture
US: S&P 500, Nasdaq open near record levels after May inflation data
The S&P 500 and Nasdaq opened near record levels on Wednesday (Jun 11), as a cooler-than-expected inflation report calmed concerns around…
Culture
Eating out loses its shine; some listed F&B players are in the red on wilting demand, high costs
As listed food and beverage (F&B) operators cite a drop in demand for restaurant meals amid high rental rates and operating costs,…
Culture
Haidilao operator Super Hi swings to US$11.9 million Q1 profit on forex gains, delivery growth
Super Hi International, the operator of Haidilao’s international business, posted a net profit of US$11.9 million for the first quarter…
Culture
AI bets that fuelled Big Tech’s surge now threaten rich profits
Some investors are questioning the amount of cash Big Tech is throwing at artificial intelligence, fuelling concerns for profit margins…
Culture
‘Ridiculous and frustrating’: Jetstar Asia staff blindsided by same-day layoff notice
Jetstar Asia employees were only informed of their retrenchment at 7 am on Wednesday (Jun 11) – the same morning the public announcement…
Culture
AirAsia’s 100-jet Paris order pits Airbus A220 against Embraer
Low-cost carrier AirAsia is poised to order about 100 regional jets at the Paris Air Show next week, with the Malaysian airline still…
Culture
India's central bank to use cash reserve ratio as active liquidity tool
India’s central bank plans to use the cash reserve ratio (CRR) more frequently to manage liquidity and aid policy transmission, rather…
Culture
Singapore shares buck regional trend to close lower; STI falls 0.4%
Local stocks fell for the second straight day on Wednesday (Jun 11), bucking the gains in most Asian markets as investors are concerned…
Culture
Huawei launches Pura 80 smartphone series in next step of China comeback
The latest flagship launch demonstrates the Chinese tech giant’s continued efforts to reclaim the top spot in its home market despite…
Culture
South-east Asia’s polymer production crisis worsens as US-China trade shift looms
South-east Asia’s petrochemical industry is facing a double whammy of weakening export demands and potential import surges, as trade…
Culture
Centurion shares hit all-time high on submission to list Reit on SGX
This is the highest price its shares have risen to since they started trading in 1995 Shares of Centurion rose on Wednesday (Jun 11)…
Culture
Chinese automakers pledge to make payments to suppliers within 60 days
Most Chinese automakers have pledged to make payments to suppliers within 60 days, responding to regulatory pressure that followed a…
Culture
Chinese carmakers vow to make timely supplier payments as backlash to price war grows
Major Chinese car manufacturers have pledged to make payments to suppliers within 60 days, responding to a recent outcry from steelmakers…
Culture
Gold rises as US-China trade uncertainty persists, investors eye inflation data
GOLD prices edged higher on Wednesday as uncertainty surrounding the finalisation of a US-China trade agreement weighed on sentiment and…
Culture
Asia: Equities rally after China-US framework on trade
Asian stocks rose on Wednesday as investors welcomed a China-US agreement to lower trade tensions that stoked hopes the economic…
Culture
Nintendo says sold record 3.5 million Switch 2 consoles in first four days
Nintendo said on Wednesday it had sold a record 3.5 million Switch 2 units worldwide in the first four days after the console was…
Culture
Record 3.5 million Switch 2 consoles sold in first four days, says Nintendo
The Switch 2 has smashed records to become the fastest-selling console ever after gamers snapped up 3.5 million units in its first four…
Culture
Tesla’s public robotaxi rides set for tentative June 22 start: CEO Musk
Tesla tentatively plans to begin offering rides on its self-driving robotaxis to the public on June 22, CEO Elon Musk said on Tuesday, as…
Culture
New Zealand central bank says former head quit over funding dispute
Former New Zealand central bank governor Adrian Orr’s surprise resignation in March was due to his disagreements with the treasury over…
Culture
Stocks to watch: Keppel Infrastructure Trust, Raffles Medical, Amara, Koh Brothers Eco Engineering, SIA
The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 11): Keppel Infrastructure…
Culture
Australia’s Qantas to close low-cost arm Jetstar Asia
RALIAN flag carrier Qantas said on Wednesday it will close Jetstar Asia, the group’s Singapore-based low-cost unit, in a bid to recycle up…
Culture
Blackstone plans US$500 billion Europe investment: CEO
BLACKSTONE is planning to invest as much as US$500 billion in Europe over the next 10 years, underlining the continent’s growing appeal to…