Japan’s Nidec delays results again, vows culture reform after crisis
The company’s founder Shigenobu Nagamori has already stepped down as chairman of the board Japanese electric motor maker Nidec delayed the release of its quarterly results and…
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Fashion
Apac investors most bullish globally on private markets, with nearly half planning to raise allocations
Long-term return expectations and confidence in the illiquidity premium are driving sustained interest Institutional investors in Asia-Pacific (Apac) have the strongest conviction on…
MBS Q4 earnings surpass S$1 billion to set new record
Marina Bay Sands (MBS) delivered “simply the greatest quarter in the history of casino hotels”, said Las Vegas Sands (LVS) chairman and chief executive officer Rob Goldstein in a Wednesday…
One of China’s richest battery tycoons builds US$50 billion empire
Sungrow has the second-biggest market value among all mainland-listed firms seeking H-share listings CAO Renxian is one of China’s richest men in an industry the world cannot live without,…
Federal Reserve’s Powell dodges questions on his future, but has advice for his successor
Federal Reserve Chair Jerome Powell stuck mostly to form on Wednesday, deflecting questions from the press about both his future at the central bank and a criminal probe…
Sony, Singapore’s GIC to invest US$2 billion in music catalogues
The joint venture will give the Japanese entertainment company funds to build up its portfolio of songs Sony Group and Singapore’s GIC sovereign wealth fund are forming a joint…
ServiceNow strong results overshadowed by AI disruption fear
Like its peers, the company has worked to weave generative AI features through its tools and charge more for them ServiceNow gave a sales outlook in the current quarter that was…
Nvidia helped DeepSeek hone AI models later used by China’s military, lawmaker says
Nvidia’s H800 chip was designed for the China market and sold there before H800s were put under US export controls chipmaker Nvidia helped China’s DeepSeek hone artificial…
US stocks: S&P 500 dips slightly after Fed keeps rates steady as expected
S&P 500 closed slightly lower and the Nasdaq advanced modestly on Wednesday as investor reactions were muted after the Federal Reserve kept interest rates unchanged as…
S&P 500 crosses 7,000 ahead of Fed decision, Big Tech earnings
The S&P 500 opened at 7,000 mark on Wednesday (Jan 28), while the Nasdaq inched towards a record high, fuelled by a gain in chip stocks and as investors geared up for a Federal…
Starbucks beats Q1 global comparable sales estimate as demand rebounds
Comparable sales rose 4% in North America, marking their first gains in nearly two years Starbucks reported a bigger-than-expected rise in first-quarter comparable sales on…
13 SGX counters qualify for reduced board lot size
Under proposed changes, investors could buy shares of these companies in lots of 10, instead of the current 100 The Singapore Exchange (SGX) has confirmed that 13 stocks qualify for…
Pinterest to cut up to 15% of its workforce as focus on AI intensifies
Pinterest said Tuesday it’s planning to slash up to 15% of its workforce. The San Francisco-based image-sharing platform used for inspiration for home decor, fashion and other interests is…
Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push
The job cuts also underscore how artificial intelligence is changing corporate workforce dynamics Amazon said on Wednesday (Jan 28) it was cutting 16,000 jobs worldwide in the…
Sembcorp expands Micron power deal to support AI growth
The chipmaker has begun construction on a Woodlands facility as part of a US$24 billion investment Sembcorp Industries on Wednesday (Jan 28) said that its wholly owned subsidiary Sembcorp…
Chinese snack retailer Busy Ming surges 69% in Hong Kong debut
The company will use IPO proceeds for supply-chain improvement and product development [SINGAPORE/HONG KONG] Busy Ming Group shares jumped 69 per cent in their Hong Kong trading…
As the greenback dives, one of Asia-Pacific’s top-performing currencies is trouncing the Singdollar
The Australian dollar surges to its strongest position against the American currency in over two years The US dollar skidded to a four-year low on Wednesday (Jan 28), sparking a broad…
ASML reports big orders beat as AI drives chipmaker demand, to lay off 1,700
The orders beat comes as several of the chipmaker’s customers raise investment plans reported stronger-than-expected bookings in the fourth quarter on Wednesday (Jan 28),…
Singapore-based Digital Edge to build US$4.5 billion data centre campus in Indonesia
Digital Edge, an Asian digital infrastructure firm backed by alternative asset manager Stonepeak Partners, plans to invest US$4.5 billion to build one of Indonesia’s largest data…
Tether is shaking up the gold market with massive metal hoard
The company makes money from its dollar stablecoin that is the giant of the sector, with US$186 billion in circulation There are roughly 370,000 nuclear bunkers in Switzerland, a legacy of…
Hong Kong banks to see wealth ‘windfall’ as fees jump: report
Risk appetite also remains “firm” thanks to expectations of further interest rate cuts by the Federal Reserve through the year Hong Kong banks, led by HSBC Holdings and Bank of…
BYD weighs India expansion as hundreds of car orders pile up
The automaker has approached Indian auto sector regulators to flag how import limits could constrain growth is weighing options to expand in India, including local assembly to…
‘Swiftest pace of expansion’: RHB lifts OCBC target price to S$21.30 on Q4 earnings growth forecast
RHB has raised its target price for OCBC to S$21.30, driven by forecasts that the bank will post single-digit year-on-year earnings growth at its upcoming Q4 results release on Feb 25.…
MSCI halts Indonesia index changes, flags transparency risks
MSCI cited persistent “fundamental investability issues” and concerns over coordinated efforts to distort prices will pause certain index changes for Indonesian companies…