Culture
DeepSeek fever fuels patriotic bets on China AI stocks
CHINESE investors are rushing into AI-related stocks, betting the artificial intelligence advance of home-grown startup DeepSeek will lead…
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Culture
Culture
Maersk Q4 profit beats forecast, expects softer 2025 earnings
The Danish company, viewed as a barometer of world trade, said it expects an underlying Ebitda result of between US$6 billion and US$9…
Culture
Air cargo cost from China to US poised to sink with Trump change
THE cost to fly goods to the US from China is poised to fall as much as 50 per cent after President Donald Trump cut off a key tariff…
Culture
SocGen doubles Q4 profit as retail unit rebounds
SOCIETE Generale (SocGen) said on Thursday (Feb 6) it had doubled fourth-quarter profits after a recovery in its retail bank and increased…
Culture
HSBC upgrades Grab to ‘buy’ on attractive valuations, growth drivers ahead
HSBC upgraded its rating on ridehailing giant Grab to a “buy” on attractive valuations and “intact” growth drivers, while Maybank…
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Nissan seeking new partners with Honda deal set to collapse: sources
NISSAN Motor is seeking out a new partner as it prepares to end negotiations to form a joint holding company with Honda Motor, sources…
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Nomura soars to 16-year high as profit jump cements recovery
NOMURA Holdings’s shares jumped to their highest in 16 years after Japan’s biggest brokerage doubled third-quarter profit and beat market…
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Michael Saylor’s Strategy has another loss before accounting shift kicks in
MICHAEL Saylor’s Strategy, the new name announced earlier today for MicroStrategy, had a fourth consecutive quarterly loss as the company…
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Saudi Aramco boosts prices to Asia as Middle Eastern crude soars
SAUDI Arabia hiked the price of its flagship crude to Asia by the most in more than two years as the kingdom responds to surging premiums…
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US Federal Reserve releases its Wall Street bank stress-test plans
THE US Federal Reserve released hypothetical scenarios for its annual stress tests, which seek to evaluate the resilience of big banks and…
Culture
Amazon’s cloud business faces crucial test after rivals Microsoft, Google stumble
THE pressure is on Amazon.com to deliver on lofty expectations for cloud computing in its fourth-quarter results on Thursday (Feb 6),…
Culture
CapitaLand China Trust’s H2 DPU falls 12% to S$0.0264
THE manager of CapitaLand China Trust (CLCT) on Thursday (Feb 6) posted a 12 per cent decline in distribution per unit (DPU) to S$0.0264…
Culture
Sonos cuts 12% of workers in bid to improve product organisation
Sonos said it’s cutting about 12 per cent of its staff, or 200 workers, in a bid to make its product teams “flatter, smaller and more…
Culture
SGX’s H1 net profit rises 20.7% to S$340 million following high growth in all revenue segments
THE Singapore Exchange (SGX) on Thursday (Feb 6) posted a net profit of S$340 million for the first half ended December, up 20.7 per cent…
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SoftBank nears deal to acquire chip designer Ampere
SOFTBANK Group is in advanced talks to acquire Ampere Computing, sources familiar with the matter said. The Japanese company is discussing…
Culture
Shein vendors fear thin margins will vanish under new US Postal Service rules
THE US Postal Service’s flip-flop on inbound international packages from China and Hong Kong is throwing Chinese retailers that sell on…
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Ford sees sharp profit drop as Trump tariff, EV threats loom
FORD Motor warned that profit may fall by US$2 billion or more this year on an expected drop in vehicle prices and costly new-model…
Culture
US: Nasdaq, S&P 500 open lower as Alphabet, AMD forecasts disappoint
THE tech-heavy Nasdaq led losses among the major Wall Street indexes at the open on Wednesday (Feb 5), following downbeat forecasts from…
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Frasers Hospitality Trust sees improved RevPAR in Q1 on sustained travel demand
FRASERS Hospitality Trust (FHT) recorded an increase in revenue per available room (RevPAR) across its portfolio in the first quarter…
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China mulling probe into Apple’s app store fees, practices, Bloomberg News reports
CHINA’S antitrust regulator is preparing for a possible investigation into Apple’s policies and app store fees, Bloomberg News reported on…
Culture
GSK plans £2 billion share buyback, boosts long-term outlook
The buyback comes after GSK saw earnings per share, excluding some items, at 23.2 pence in the fourth quarter GSK plans to buy back £2…
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Credit Agricole reports 27% Q4 profit jump, aided by Amundi and trading
CREDIT Agricole, France’s second-biggest listed bank, blew past quarterly earnings forecasts on Wednesday (Feb 5) with a 27 per cent jump…
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Kuok Maritime-led group launches electric supply boat as industry prepares for 2030 green target
An alliance of companies led by Kuok Maritime Group (KMG) on Wednesday (Feb 5) launched an electric supply boat and started construction…
Culture
Thailand to roll out next phase of handout scheme in Q2, plans more stimulus
So far about 17.5 million people have received payments since it started last September THAILAND’S government will implement the third…