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Wall Street’s main stock indexes opened higher on Thursday (Nov 21) after data reflected a robust labour market, and AI-heavyweight Nvidia advanced after reporting upbeat quarterly results…
THE Jumeirah hotel in London’s Knightsbridge has rooms at more than £6,000 (S$10,185) a night, with marble bathrooms, private dining rooms and panoramic views. It showcases some of the…
THAI Beverage (ThaiBev) posted a net profit of 27.2 billion baht (S$1.1 billion) for its full year ended Sep 30, a marginal 1 per cent drop from 27.4 billion baht a year ago. The beverage…
CHINA’S PDD Holdings reported a 44 per cent rise in third-quarter revenue on Thursday (Nov 21), but still fell short of market estimates. Revenue reached 99.35 billion yuan (S$18.4…
ALIBABA Group will integrate all of its e-commerce platforms into a single business unit to be called the Alibaba E-commerce Business Group, it said in a stock exchange filing on Thursday…
Alibaba Group will integrate its domestic Chinese and international e-commerce platforms into a single business unit run by one leader for the first time, the company said in a stock…
SINGAPORE shares closed slightly lower on Thursday (Nov 21) as regional indices ended in the red, with the imminent threat of US trade tariffs under Donald Trump’s presidency elevating…
CHINA’S Baidu on Thursday (Nov 21) said it had not yet seen any notable improvement in advertising spending patterns or consumer spending despite recent government stimulus efforts, as it…
CHINA’S online brokerage Futu Holdings is reducing its headcount by about 5 per cent as it reassesses the firm’s strategy to expand globally. Responding to social media posts over large…
SK SQUARE, the holding company of SK Hynix, a maker of artificial intelligence chips, on Thursday (Nov 21) announced a plan to buy back shares and nominate an independent director as part…
SHARES of Adani Group companies lost about US$22 billion in market value in early trade on Thursday (Nov 21) after US prosecutors charged the billionaire chairman of the Indian…
ADANI Group companies lost about US$27 billion in market value on Thursday (Nov 21) after US prosecutors charged the Indian conglomerate’s billionaire chairman in an alleged bribery and…
STARBUCKS is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to sources with knowledge of the matter. The coffee chain…
Beijing-based healthcare private equity firm with US$3.4 billion AUM aims to set up a fund for Chinese companies expanding into region Geopolitical tensions are driving Chinese healthcare…
Beijing-based healthcare private equity firm with US$3.4 billion AUM aims to set up a fund for Chinese companies to expand into region Geopolitical tensions are driving healthcare…
BAIN-BACKED Kioxia will have a market value of about 750 billion yen (S$6.5 billion) based on the indicative price for its initial public offering (IPO), with the chipmaker to receive…
ASIAN markets were mixed on Thursday (Nov 21) as another blockbuster earnings from chip titan Nvidia smashed forecasts but still left investors disappointed, while sentiment was also being…
BITCOIN closed in on the historic US$100,000 level, fuelled by optimism that President-elect Donald Trump’s support for crypto heralds a boom as the US pivots to friendly regulations in…
HYUNDAI Motor unveiled its first three-row electric SUV on Wednesday (Nov 20), pushing into a market for big family cars that global automakers hope will one day be a profit powerhouse.…
Affected countries will be grappling with cheaper exports to the US, and costlier US dollar-denominated imports THE US dollar has surged with Donald Trump’s win in the US presidential…
Gold prices inched higher on Thursday (Nov 21) for a fourth consecutive session, supported by safe-haven demand amid the intensifying Russia-Ukraine war, while investors looked for further…
GLOBAL social media firms could face fines of as much as A$50 million (S$43.7 million) if they fail to enforce the Australian government’s new social media ban on children under the age of…
IN LATE 2008, as Google faced antitrust scrutiny over an advertising deal with its rival Yahoo and confronted lawsuits involving patent, trademark and copyright claims, its executives sent…
CANADA’S Manulife Financial will reinsure C$5.4 billion (S$5.2 billion) of its reserves as it looks to transfer some risk from its portfolio and free up capital for stock buybacks. The…
