GM China’s EV, hybrid sales top petrol cars for first time
GENERAL Motors (GM) sold more electric vehicles (EVs) and plug-in hybrids than conventional petrol cars in China for the first time last quarter, though the milestone comes as total…
Swedan Margen
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Singtel launches AI cloud service; to process data locally for sensitive sectors, government
SENSITIVE sectors, such as banking and healthcare, as well as the public sector, will soon be able to tap telco giant Singtel’s artificial intelligence (AI) cloud offering. The company…
Spotify starts free streaming option in South Korea
SPOTIFY’S free music and podcasts service option is now available in South Korea, the audio streaming platform said on Thursday (Oct 10), as it looks to widen its audience base. The…
Thailand eyes 10 trillion baht gas field frozen by Cambodia dispute
THAILAND’S new government will restart negotiations with Cambodia to explore an offshore oil and gas field with at least US$300 billion worth of reserves that the two countries have been…
US charges 18 people, companies with cryptocurrency fraud
THREE cryptocurrency companies and 15 people have been charged with engaging in widespread fraud and market manipulation following an investigation in which the FBI for the first time…
Singapore shares open higher on Thursday; STI up 0.5%
SINGAPORE shares began Thursday (Oct 10) trading in positive territory, mirroring gains in overseas bourses. As at 9.03 am, the Straits Times Index (STI) was up 0.5 per cent or 18.43…
Stocks to watch: SGX, Metro, NeraTel
THE following companies saw new developments that may affect trading of their securities on Thursday (Oct 10): Source link
Online shopping returns to growth in Europe amid fierce competition
RECOVERING consumer confidence has boosted online shopping in Europe this year, industry group Ecommerce Europe said on Wednesday (Oct 9), while low-cost marketplaces such as PDD Holdings’…
Developing-world stocks suffer biggest two-day loss since August
EMERGING-MARKET (EM) stocks fell for a second day as concerns mounted over China’s response to the weakness in the world’s number two economy. The MSCI gauge for developing-nation equities…
Roche will boost in-China production for local market: CEO
ROCHE Holding will add manufacturing capacity in China to serve the country’s growing market, making it the latest pharmaceuticals giant to split some of its production as US-China trade…
13-Year-Old Shooter Testifies Against Parents in Heartbreaking School Shooting Case, in a Tragic Courtroom Drama
A tragic scene unfolded in a Belgrade courtroom on Tuesday. A 13-year-old boy, linked to a horrific shooting that took the lives of nine people and a security guard, testified against his…
US: Stocks steady ahead of Fed minutes
Wall Street’s main indexes were little changed at the open on Wednesday (Oct 9) as investors awaited the minutes of the Federal Reserve’s latest meeting for more clues on the interest-rate…
Mizuho buys ‘safe’ assets on risk that US soft landing fails
MIZUHO Financial Group is preparing for short-term market disruptions if investors’ predictions of a soft landing in the US prove wrong, by stocking up on easy-to-sell assets such as…
Kiwi falls after hefty rate cut, US dollar edges up
THE New Zealand dollar slumped on Wednesday (Oct 9) after the country’s central bank cut interest rates by 50 basis points, while the US dollar nudged up against most currencies and hit a…
Tesla’s China-made EV sales grow 19.2% y/y in September
SALES of US automaker Tesla’s China-made electric vehicles rose 19.2 per cent in September from a year earlier, data from the China Passenger Car Association (CPCA) showed on Wednesday…
Nvidia CEO says ‘reasoning’ AI will depend on cheaper computing
NVIDIA chief executive officer Jensen Huang said that the future of artificial intelligence will be services that can “reason,” but such a stage requires the cost of computing to come down…
Cash still king for Swiss businesses, central bank survey shows
CASH is still the most accepted payment method for Swiss businesses, the Swiss National Bank (SNB) said on Wednesday (Oct 9), despite plans by some companies to reduce their acceptance of…
OCBC to stop Russia-linked transactions to cut risk
OVERSea-Chinese Banking Corp (OCBC) will stop handling any transactions involving Russia as it moves to cut exposure to the nation hit with global sanctions. Singapore’s second-largest…
MMC Port said to be weighing mega Malaysia IPO valued at up to RM7 billion
It runs seven ports along the Strait of Malacca, one of the world’s busiest shipping lanes MMC Port Holdings has been considering an initial public offering (IPO) in Kuala Lumpur that…
DBS head of institutional banking group in Hong Kong to depart
DBS Group Holdings’ head of institutional banking group Hong Kong, Wallace Lam, will be leaving South-east Asia’s biggest lender, according to a spokesperson. Boris Chan, currently head of…
China leads Asian stocks lower on weak stimulus
CHINESE equities were standout underperformers in Asia on Wednesday (Oct 9) as traders weighed weak economic data and Beijing’s reluctance to commit to more stimulus. The benchmark CSI 300…
TSMC’s third-quarter revenue easily beats market forecast
TAIWAN Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, reported on Wednesday (Oct 9) third-quarter revenue that easily beat both the market and the…
OK Lim has accepted judgement debt of over US$3.5 billion, but creditors will likely claw back much less
The 82-year-old and his children, Evan Lim and Lim Huey Ching, are planning to file for bankruptcy EMBATTLED Hin Leong Trading founder Lim Oon Kuin – the former Singapore oil tycoon better…
Thailand approves US$400 million investment by Continental to expand tyre facility
THAILAND’S Board of Investment (BOI) said on Wednesday (Oct 9) that it had approved a US$400 million investment by tyre maker Continental to expand its existing facility in the country,…