Alibaba falls short of Q1 revenue estimates
It reported total revenue of 247.65 billion yuan in the first quarter ended June, compared with an estimate of 252.92 billion yuan China’s Alibaba missed market estimates for…
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OCBC initiates coverage on Info-Tech Systems with ‘buy’ call amid favourable growth trends
OCBC Investment Research has initiated coverage on Info-Tech Systems with a “buy” call, on account of favourable secular growth trends that could benefit the software services provider.…
IMDA partners AWS and Trainocate to create 100 jobs and training opportunities in AI and cloud
In a bid to push for more talent fluent in artificial intelligence (AI), the Infocomm Media Development Authority (IMDA) announced on Friday (Aug 29) that it will partner with Amazon Web…
Australian shares post best August in 16 years as earnings season ends
The Australian benchmark notched its best August performance in sixteen years on Friday (Aug 29) as the corporate earnings season wrapped up, while losses in financial stocks dragged the…
Asean Power Grid: Can South-east Asia finally plug into a shared power future?
In 2011, Frank Phuan co-founded Sunseap Leasing, one of Singapore’s earliest solar energy providers. More than a decade on, he is chasing a bigger ambition: lighting up Singapore with…
RHB expects S-Reit demand to rise, Singapore Government Securities yield to moderate further
Singapore Reit (S-Reit) demand is expected to rise, said RHB Bank analyst Shekhar Jaiswal on Friday (Aug 29). A benign inflation backdrop, falling Singapore Overnight Rate Average (Sora)…
SP Group acquires Siemens’ 49% stake in Power Automation to become sole owner
SP Group announced on Friday (Aug 29) that it is now the sole owner of Power Automation after acquiring Siemens’ stake in the joint venture. Siemens had a 49 per cent stake in the company,…
GuocoLand falls by nearly 3% after reporting slump in H2 net profit to S$32.4 million
Shares of GuocoLand tumbled by close to 3 per cent on Friday (Aug 29) morning following the announcement of its net profit for the second-half ended Jun 30 falling 48 per cent to S$32.4…
Stocks to watch: Olam, GuocoLand, Civmec, mm2 Asia, Aims Apac Reit, Shangri-La Asia
The following companies saw new developments that may affect trading of their securities on Friday (Aug 29): Olam: The food and agri-business conglomerate announced on Thursday that it…
Correction
In our article (Aug 22), we had said that Lee Kim Tah (LKT) is planning to file criminal complaints as it could... Source link
Federal Reserve’s Waller sees rate cuts over next 3-6 months, starting in September
FEDERAL Reserve Governor Christopher Waller on Thursday stepped up his call for cutting short-term US borrowing costs, saying he would support an interest-rate cut next month and further…
US: Stocks advance as Dow Jones, S&P 500 hit fresh records
Two of Wall Street’s major indexes closed on Thursday at record highs, buoyed by an upward revision to second-quarter US... Source link
ChatGPT pulled teen into a 'dark and hopeless place' before he took his life, lawsuit against OpenAI alleges
Adam Raine, a California teenager, used ChatGPT to find answers about everything from his schoolwork to his interests in music, Brazilian jiu-jitsu and Japanese comics. But his…
US: Nasdaq opens slightly higher after Nvidia results
The tech-heavy Nasdaq index opened slightly higher on Thursday (Aug 28), as investors weighed the AI chip giant’s upbeat forecasts against concerns around the Sino-US trade war’s…
China gets closer to finding its own Nvidia
A NEW China-buys-China narrative is taking shape as Beijing steps up its tech rivalry with the US. The world’s second-largest economy not only wants to build generative AI models, but…
Mainland Chinese traders sell record amount of Hong Kong stocks
Investors in mainland China sold a record HK$20.4 billion (S$4.1 billion) worth of Hong Kong-listed stocks on Thursday (Aug 28), a sign the country’s army of investors are…
Singapore stocks rise as T-bill yield hits 40-month low; STI up 0.2%
Across the broader market, losers beat gainers 281 to 232, after 1.2 billion securities worth S$1.2 billion change hands The local bourse climbed higher on Thursday (Aug 28) after the…
New data uncover another hidden cost of EV ownership: high insurance premiums
As the price of buying an electric vehicle is set to soar with tariffs and the end of government incentives, drivers who want to go green have another hidden cost to consider before making…
Google is training its AI tools on YouTube videos. These creators aren't happy
Santa Ana-based entrepreneur Charlie Chang spent years posting finance videos on YouTube before he made a profit. Today, Chang’s media business oversees more than 50 YouTube channels,…
Trump’s pressure on Fed independence holds global risk, ECB’s Rehn says
President Donald Trump’s escalating attacks on the US Federal Reserve could have substantial and global knock-on effects on the financial markets and the real economy, ECB policymaker Olli…
Malaysia says China ready to provide assistance in rare earths processing
China is prepared to provide Malaysia technical and technological assistance in rare earths processing, though it has asked for any cooperation to involve only state-linked companies,…
GLP secures up to US$1.5 billion investment from Adia unit
Global logistics builder and investor GLP has secured up to US$1.5 billion of investment from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (Adia) to back its next growth…
Geo Energy to acquire 51% stake in two Indonesian shipping companies for US$127.5 million
Indonesian coal producer Geo Energy is proposing to acquire 51 per cent stakes in two Indonesian shipping companies for a US$127.5 million consideration. The proposed acquisition will…
Europe car sales gain most in 15 months as consumers warm to EVs
Europe’s new-car market rose the most in 15 months in July, as consumers shrugged off concerns over the global economy to splash out on fully electric and hybrid models. Registrations…