Culture
Temu owner PDD misses revenue and profit estimates as consumers struggle
DISCOUNT e-commerce player PDD Holdings fell short of market estimates for third-quarter revenue and profit on Thursday (Nov 21), as its…
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Culture
Culture
TSH Resources Q3 profit rises 12% to RM33.1 million
PLANTATION company TSH Resources reported on Thursday (Nov 21) a 12 per cent increase in net profit for the third quarter, despite a rise…
Culture
Nissan says about 1,000 US staff accept early retirement
ABOUT 6 per cent of Nissan Motor staff in the US have accepted early retirement packages, a company spokesperson said on Thursday (Nov…
Culture
Nvidia’s supply snags limit deliveries even as demand booms, shares down
NVIDIA’S revenue forecast on Wednesday (Nov 20) disappointed Wall Street, raising questions over whether the artificial-intelligence (AI)…
Culture
China’s Baidu posts 3% fall in third-quarter revenue, beats market estimates
BAIDU reported a 3 per cent fall in third-quarter revenue on Thursday (Nov 21), beating market estimates, as China’s biggest Internet…
Culture
Aramco to take on more debt, focus on dividend growth
Saudi Arabian Oil plans to take on more debt and will focus on “value and growth” for its dividend, the company’s finance chief said.…
Culture
US prosecutors demand Google divest Chrome to end search monopoly
US PROSECUTORS on Wednesday (Nov 20) argued to a judge that Google must sell its Chrome browser, share data, and search results with…
Culture
CLI to invest up to A$1 billion to grow funds under management in Australia
CAPITALAND Investment (CLI) will commit up to A$1 billion (S$878 million) to grow its funds under management (FUM) in Australia, said the…
Culture
Latest Singapore six-month T-bill cut-off yield edges up to 3.08%
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) rose slightly to 3.08 per cent, from 3.04 per cent in the…
Culture
Sinochem may keep bankrupt refineries as auctions draw scant interest: sources
SINOCHEM Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other…
Culture
Bank of Korea survey shows concerns emerging on US policy change risk
A BANK of Korea (BOK) survey shows US policy risks have emerged as a major concern for local financiers and experts, following the…
Culture
Dyson dials back Malaysia hairdryer operations, redeploys staff
DYSON is dialling back its hairdryer-related operations in Malaysia, according to sources familiar with the matter who declined to be…
Culture
Bankman-Fried’s ex-deputy Wang avoids prison time over crypto fraud
FORMER cryptocurrency executive Gary Wang, who unwittingly wrote the computer code that helped FTX founder Sam Bankman-Fried steal about…
Culture
Bitcoin hits record US$95,000 as crypto seeks direct line to Trump
BITCOIN hit US$95,000 for the first time as the digital-asset sector moves to cement its influence with Donald Trump by pushing for a new…
Culture
Nissan Motor urges UK to ease EV targets amid weak demand
NISSAN Motor urged the UK government on Wednesday (Nov 20) to ease up its electric vehicle (EV) mandate, which encourages manufacturers to…
Culture
Strong US dollar, Trump policies pulling the rug from under Asian, trade-exposed currencies
IN THE past month, the US dollar has strengthened against several Asian currencies – spelling bad news for the region’s trade sectors,…
Culture
Blackstone invests US$500 million in Lancium AI buildout
BLACKSTONE invested more than US$500 million in Lancium, which is building more than five gigawatts of data centres in West Texas with an…
Culture
Singapore shares open higher on Thursday; STI up 0.1%
SINGAPORE stocks began trading in positive territory on Thursday (Nov 21) after global equities ended mixed overnight. As at 9.04 am, the…
Culture
Singtel makes senior management changes, appoints new chief corporate officer
THE telco’s Singapore deputy chief executive Anna Yip, 54, will relinquish her role to lead the business development function, which will…
Culture
Stocks to watch: Nio, Singtel
THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 21): Singtel: The telecom group…
Culture
HSBC shelves plans for trading, financing carbon credits
HSBC Holdings has abandoned plans to build a carbon credits desk, according to sources familiar with the matter, as Europe’s biggest bank…
Culture
Nvidia’s AI chip demand still booming but slowing sales growth worries investors
NVIDIA forecast fourth-quarter revenue slightly above estimates on Wednesday (Nov 20), but still failed to meet lofty expectations of some…
Culture
Europe: Stoxx 600 flat in volatile trading; real estate weighs
EUROPE’S main stock index closed flat after a volatile session on Wednesday (Oct 20) as investors remained on edge over geopolitical…
Culture
US: Target falters on mixed day for stocks
WALL Street stocks were mixed at the end of a choppy session on Wednesday (Nov 20) as investors awaited Nvidia earnings and sold off…