Culture
BYD shares fall as stalling sales put annual target in question
[HONG KONG] BYD shares fell in Hong Kong trading on Monday (Aug 4), as sputtering monthly sales growth raised doubts about whether the Chinese electric-vehicle (EV) maker will meet...
HPL investors unfazed by founder Ong Beng Seng’s guilty plea; shares up 1.1% at midday
[SINGAPORE] Shares of Hotel Properties Ltd (HPL) had tumbled in early trade on Monday (Aug 4) but pared losses as property magnate Ong Beng Seng pleaded guilty in a...
Shares of HPL close 0.7% higher; investors unfazed by founder Ong Beng Seng’s guilty plea
[SINGAPORE] Shares of Hotel Properties Ltd (HPL) ended their session on Monday (Aug 4) 0.7 per cent or S$0.04 up at S$5.50, following its founder Ong Beng Seng pleading...
AI search pushing an already weakened media ecosystem to the brink
[NEW YORK] Generative artificial intelligence assistants like ChatGPT are cutting into traditional online search traffic, depriving news sites of visitors and impacting the advertising revenue they desperately need, in...
Melco eyes global casino expansion on new asset-light model
[HONG KONG] Melco Resorts & Entertainment is in talks to expand its brand beyond Macau, with plans to ramp up an asset-light strategy by teaming up with local partners...
United Hampshire US Reit acquires freehold Pennsylvania shopping centre for US$16.4 million
[SINGAPORE] United Hampshire US Reit has acquired a freehold grocery-anchored shopping centre in Pennsylvania for a purchase consideration of US$16.4 million, the manager said on Saturday (Aug 2). The...
China may need to trim record copper output on shortage of ore
[BEIJING] China’s copper smelters could be at a turning point, as a persistent shortage of ore forces them to trim production from record levels, just as the government ramps...
India hasn’t stopped Russian oil purchases after Trump rebuke
[DELHI] India has not given the country’s oil refiners instructions to stop buying Russian oil, according to sources familiar, days after US President Donald Trump blasted New Delhi for...
Thai Airways’ share price soars more than 200% after trading resumption
[BANGKOK] Thai Airways International’s stock price had risen 216 per cent when the market closed on Monday (Aug 4) after shares in the airline resumed trading following a hiatus...
South Korea’s SK On aims to best rivals with next-generation batteries
[SEOUL] SK Innovation’s battery unit plans to accelerate development of cutting-edge technologies in partnership with US and European carmakers, its R&D chief said, aiming to win back market share...
