Culture
Adidas sees 120-million-euro Trump tariff hit
German sportswear giant Adidas said Wednesday (Oct 29) that it expected US President Donald Trump’s tariff blitz to cost it 120 million…
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Culture
Culture
Boeing reports US$5.4b loss on large hit from 777X aircraft delays
Boeing has pushed back commercial deliveries on the 777X to 2027 from the prior 2026 timeframe Boeing reported a US$5.4-billion…
Culture
Starhill Global Reit’s net property income edges up 0.2% to S$37.9 million in Q1 FY2026
The Reit’s improved performance was mainly driven by stronger contributions from its Singapore retail and Malaysia segment The manager of…
Culture
Singapore expands electricity system with Meranti’s hydrogen-ready power plant
At full capacity, the 682-megawatt facility on Jurong Island can power over a million four-room flats The Energy Market Authority’s (EMA)…
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…
Culture
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 Finding land with the right connectivity and access to…
Culture
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…
Culture
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…
Culture
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 Along the…
Culture
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…
Culture
Maybank upgrades OUE Reit to ‘buy’ amid lower cost of debt in Q3
Analysts are positive on OUE Real Estate Investment Trust (Reit) on the back of its declining cost of debt in Q3 – with Maybank Securities…
Culture
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-based speciality…
Culture
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…
Culture
Fed to cut rates, but with no added signal
Federal funds futures indicate investors see a quarter-point cut as nearly a certainty Expectations are set for two things from this…
Culture
Data centres, EVs and renewables spur Singapore to ‘future-proof’ its grid: Tan See Leng
The intermittency of solar and wind power introduces new operational challenges for the grid Keeping Singapore’s lights on is set to get…
Culture
Keppel Reit’s 9M distributable income falls 0.6% to S$159.6 million
The manager of Keppel Real Estate Investment Trust (Reit) on Wednesday (Oct 29) posted a 0.6 per cent lower distributable income of…
Culture
Visa quarterly profit rises on strong transaction volumes
Visa reported a rise in fourth-quarter adjusted profit on Tuesday (Oct 28), as strong consumer spending helped the global payments…
Culture
Nvidia to invest US$1 billion in Nokia in AI networking push
Nvidia Corp. plans to make a US$1 billion equity investment in Nokia Oyj, an apparent vindication of the Finnish company’s pivot from…
Culture
Temasek-backed consortium to take China’s ANE private at HK$14.33 billion valuation
[SINGAPORE/HONG KONG] ANE (Cayman) said on Tuesday (Oct 28) a consortium comprising its largest shareholder, Singapore’s Temasek Holdings,…
Culture
Uber to plan investments in Hong Kong listings of Pony AI, WeRide
UBER Technologies is planning to invest in the Hong Kong listings of Pony AI and WeRide, according to people familiar with the matter,…
Culture
US: Wall St opens at record highs, spotlight on corporate earnings
Wall Street’s main indexes opened at record highs on Tuesday (Oct 28) after upbeat forecasts from companies such as UnitedHealth and UPS,…
Culture
Apple races past US$4 trillion market value as latest models revitalise iPhone sales
Apple topped US$4 trillion in market value for the first time on Tuesday (Oct 28), the third Big Tech company to hit the milestone, as…
Culture
PayPal raises earnings guidance after announcing OpenAI deal
PayPal Holdings raised its full-year earnings guidance and announced a tie-up with OpenAI to embed its digital wallet into ChatGPT,…
Culture
First Reit’s 9-month distributable income falls 6.1% to S$34.8 million
Its DPU for period is S$0.0165, a 7.3% decline from same period in the prior year The manager of First Real Estate Investment Trust (Reit)…