Culture
Tiktok weighs non-sale options, ByteDance’s Bill Ford says - The Business Times
BYTEDANCE is exploring a deal to keep TikTok running in the US without selling its operations there, according to board member Bill Ford.…
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Culture
Culture
EV maker Nikola explores sale, partnerships with cash dwindling - The Business Times
NIKOLA is exploring options to stave off a cash crunch, including potentially selling parts or all of the company, according to sources…
Culture
Boeing forecasts big loss on defence troubles, strike; shares drop 2.5% - The Business Times
BOEING’S loss will exceed expectations when it unveils fourth-quarter results next week, the financially strapped US planemaker said on…
Culture
Cartier appeal helps Richemont reach 100 billion Swiss francs market value - The Business Times
SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time,…
Culture
Sportswear giants Adidas and Puma weighing job cuts - The Business Times
GERMAN sportswear giants Adidas and Puma have both said they are seeking to reduce costs, including through possible job cuts, as they aim…
Culture
Vanke in talks to sell logistics firm stake to GIC: source - The Business Times
INDEBTED property developer China Vanke is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth…
Culture
Meta, WhatsApp win relief as India tribunal suspends data sharing ban - The Business Times
AN INDIAN tribunal temporarily suspended a five-year data sharing ban between WhatsApp and owner Meta Platforms, a major relief for the US…
Culture
Databricks caps US$15 billion fundraise with Meta as new investor - The Business Times
DATABRICKS, one of the world’s most valuable privately held tech companies, said on Wednesday (Jan 23) that it has raised more than US$15…
Culture
Suntec Reit’s H2 DPU slides 13.9% to S$0.0315 - The Business Times
SUNTEC Real Estate Investment Trust’s (Suntec Reit) distribution per unit (DPU) slid 13.9 per cent to S$0.0315 for the second half of 2024…
Culture
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources - The Business Times
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of…
Culture
AI spending is set to grow in 2025: report - The Business Times
ARTIFICIAL intelligence (AI) adoption is set to rise as most companies expect to ramp up spending on the technology in their next fiscal…
Culture
Japanese investors boost foreign stock purchases on Fed rate-cut hopes - The Business Times
JAPANESE investors raised their holdings in foreign stocks, driven by a benign US core inflation report that fuelled expectations of…
Culture
Asian oil refiners mull run cuts, closures as crude costs soar - The Business Times
A SURGE in the cost of physical crude cargoes as China and India rush to replace Russian flows is prompting refiners in other parts of…
Culture
Cut-off yield on latest Singapore 1-year T-bill inches up to 2.95% - The Business Times
SINGAPORE’S latest one-year tranche of Treasury bills (T-bills) is offering a cut-off yield of 2.95 per cent, auction results released by…
Culture
Taiwan’s HTC to sell part of XR unit to Google for US$250 million - The Business Times
TAIWAN’S HTC said on Thursday (Jan 23) it will sell part of its unit for extended reality (XR) headsets and glasses to Google for US$250…
Culture
JPMorgan plans major revamp of Manhattan’s Madison Avenue skyscraper - The Business Times
JPMORGAN Chase is planning a renovation of its old headquarters building at 383 Madison Avenue and will use the space to house…
Culture
Shareholders of Australian apparel retailers Myer, Premier approve merger - The Business Times
SHAREHOLDERS of Australian apparel retail firms Myer and Premier Investments approved on Thursday the merger of the latter’s apparel…
Culture
Ley Choon surges 15% as investors positive on construction upturn - The Business Times
SHARES of construction and engineering company Ley Choon jumped on Thursday (Jan 23) morning, after The Business Times reported that the…
Culture
SK Hynix posts record quarterly profit surpassing Samsung on AI boom - The Business Times
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as…
Culture
Samsung to beat Apple to ultrathin phone with Galaxy S25 Edge - The Business Times
SAMSUNG Electronics plans to launch an ultrathin version of its Galaxy S25 phone in the first half of this year, beating Apple to a…
Culture
JPMorgan’s Dimon sees inflated stocks as ‘animal spirits’ return - The Business Times
JPMORGAN Chase’s dealmakers are spending their time in the Swiss Alps huddling with ebullient clients, but the boss of the biggest US bank…
Culture
Saudi prince’s investment firm would be keen on TikTok if Musk or others buy it, CEO says - The Business Times
SAUDI Arabian Prince Alwaleed Bin Talal’s investment company Kingdom Holding (KHC) would be interested in investing in ByteDance’s TikTok…
Culture
TikTok owner ByteDance, DeepSeek lead Chinese push in AI reasoning - The Business Times
TIKTOK owner ByteDance on Wednesday (Jan 22) released an update to its flagship AI model aimed at challenging Microsoft-backed OpenAI’s…
Culture
ECB policymakers line up behind further interest rate cuts - The Business Times
EUROPEAN Central Bank policymakers lined up behind further interest rate cuts on Wednesday (Jan 22), indicating that next week’s reduction…