Cambricon’s shares dive 14% after red-hot China AI rally cools
Cambricon Technologies shares tumbled by the most in nearly eight months after investors cashed out of one of the more spectacular Chinese stock rallies of 2025. Shares of the AI chip…
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Fashion
Malaysian carmaker Proton launches first EV plant
Malaysian automaker Proton launched its first electric vehicle assembly plant on Thursday (Sep 4), as the South-east Asian nation looks to boost development of its EV industry. The…
Contributor: Why is California losing good jobs to other states? It's not rocket science
For a century, it worked, and brilliantly. The “California model” rested on massive investments in higher education, development of industrial zones in places such as the South Bay and…
Nasdaq proposes tighter listing rules for thinly traded stocks, China-based firms
Exchange operator Nasdaq proposed on Wednesday (Sep 3) stricter listing standards, including a higher minimum public float for certain new listings and a faster process to suspend and…
PropertyGuru appoints Lu Yao as new Singapore managing director
PropertyGuru on Thursday (Sep 4) announced the appointment of Lu Yao as its new managing director for Singapore. He replaces former managing director Hari Krishnan, who stepped down in…
PropertyGuru appoints Yao Lu as new Singapore managing director
PropertyGuru Group on Thursday (Sep 4) announced the appointment of Dr Yao Lu as its new managing director for Singapore. Dr Yao will assume his new role on Sep 15 and will be part of the…
Thousands of Lloyds staff at risk of dismissal in performance overhaul: FT
British lender Lloyds Banking Group will put about 3,000 people deemed among the bottom 5 per cent of performers at risk of dismissal, the Financial Times reported on Thursday (Sep 4),…
Pertamina seeks US$2.5 billion loan as Indonesia dollar deals rise
The nation’s markets are just recovering after the social unrest, which has subsided, sparked a sell-off in stocks and bonds Indonesia’s state-owned oil giant Pertamina is seeking…
Lululemon bets on stars of F1 and golf to move past yoga roots
LULULEMON Athletica is embarking on a big marketing shift by betting on a roster of athletes to help pull the yogawear brand out of a sales rut and grow beyond its downward-facing dog…
Chinese solar maker calls turning point for embattled industry
To help fix the industry, major firms intend to establish a fund of at least 50 billion yuan this quarter to purchase and shut down over one million tonnes of capacity China’s…
Blackstone revamps Asia real estate unit as Miyasaki steps down
Blackstone is revamping the senior management at its Asia real estate unit as its long-serving head of acquisitions is set to leave, sources familiar with the matter said. Alan Miyasaki,…
Gold holds firm near record high on US rate-cut expectations
Gold held steady on Thursday (Sep 4), hovering near all-time high hit in the previous session, buoyed by global uncertainties and increased expectations for a US interest rate cut, while…
Instagram-style Xiaohongshu hits US$31 billion value in GSR books
XIAOHONGSHU’S valuation surged 19 per cent to US$31 billion in just three months during recent transactions via a major fund, underscoring the intense investor demand for a…
KKR, Apollo fuel rush of private investment into Asia’s schools
Private money is pouring into schools in Asia as investors seek to turn a profit on the growing demand for quality education. The booming market is increasingly catching the eye of…
Trump’s oldest sons’ American Bitcoin stake worth US$1.5 billion in stock debut
A bitcoin company tied to US President Donald Trump’s two oldest sons more than doubled in value in its stock market debut on Wednesday (Sep 3), valuing the sons’ stake at well over US$1.5…
Singapore’s snowballing cash levels are boosting local bonds
The recent build-up of cash in Singapore’s money market is strengthening demand for the nation’s bonds, driving returns to near the highest in the region. The cost of borrowing in the…
Federal Reserve officials, worried about jobs, muse on rate-cut prospects
SEVERAL Federal Reserve officials who spoke on Wednesday said labour market worries continue to animate their belief that rate cuts still lie ahead for the central bank. “I’ve been clear…
Apple plans AI-powered web search tool for Siri to rival OpenAI, Perplexity
Apple is planning to launch its own artificial intelligence (AI)-powered web search tool next year, stepping up competition with OpenAI and Perplexity AI. The company is working on a new…
Salesforce projects weak sales growth, fuelling AI anxiety
Salesforce projected lacklustre quarterly sales growth, suggesting its artificial intelligence (AI) product is not yet paying off as quickly as hoped amid competition from emerging AI…
Europe: Shares close higher as bond selloff cools
EUROPEAN shares ended higher on Wednesday, stabilising as investors assessed fiscal challenges after a selloff in longer-dated bonds had sparked risk-off sentiment in the previous session.…
Alphabet's stock climbs after judge rules Google won't be forced to sell Chrome
When a federal judge deemed Google a “monopolist” last year, questions lingered about how he would help restore competition in online search. On Tuesday, U.S. District Court Judge Amit…
mm2 Asia says voluntary liquidation of Cathay Cineplexes unlikely to affect operations
Entertainment company mm2 Asia on Wednesday (Sep 3) said the voluntary liquidation of Cathay Cineplexes is not expected to adversely impact its core businesses or continuing operations.…
US: S&P 500, Nasdaq open higher on Alphabet boost; jobs data on tap
The S&P 500 and the Nasdaq opened higher on Wednesday (Sep 3) after Alphabet gained on a favourable antitrust ruling and investors awaited labour market data that could influence…
MetaOptics looks to SGX Catalist debut for path to profitability
When Mark Thng first launched MetaOptics Technologies’ operations in June 2021, it was out of a tiny office in Roxy Square. The rent was just S$300 a month, but the space was so small it…