Foxconn to soon announce second Japanese auto partner, chairman says
The Apple supplier’s interest in working with Japanese car makers comes as they face growing competition from Chinese brands Taiwan’s Foxconn will soon announce a second Japanese…
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Fashion
Aramco will keep borrowing, CEO says, as oil slump cuts cashflow
Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser said, as the world’s biggest oil exporter raised US$5…
Asia: Equities boosted by US court’s tariff ruling, Nvidia results
Asian stocks rallied with US futures on Thursday after a US court blocked Donald Trump’s sweeping global tariff blitz, dealing a hefty blow to the president’s signature trade policy and…
Vietnam’s AI ambitions hinge on one US$6.8 billion tech company
Four decades ago, Truong Gia Binh set up a technology company using a single computer in a room loaned by his then-father-in-law, general Vo Nguyen Giap, revered for leading Vietnamese…
Shopee's SPX Express partners Frasers Property Vietnam to build automated sorting centre
Facility includes advanced two-storey automated sorting machines that can sort up to 7 million parcels a day, the highest for SPX Express in Vietnam SPX Express, Shopee’s logistics…
Meta AI bot used a billion times monthly: Mark Zuckerberg
Meta chief Mark Zuckerberg touted the tech firm’s generative artificial intelligence (Gen AI) assistant on Wednesday, telling shareholders it is used by a billion people each month across…
NIE, Amazon Web Services set up AI-focused innovation hub for edtech research
The National Institute of Education (NIE) and Amazon Web Services (AWS) on Thursday (May 29) announced the launch of the Technology for Education Centre (TEC) – a new initiative aimed at…
Sembcorp unit wins solar-energy project to supply 150 MW of power in India
Sembcorp Industries’ wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a solar-energy storage hybrid project by SJVN, an Indian state-owned power company. Sembcorp…
Singapore’s STI, Asia markets rise after US court blocks Trump’s reciprocal tariffs
Singapore stocks rose on Thursday (May 29) morning, after a US trade court on Wednesday blocked US President Donald Trump’s “Liberation Day” tariffs from going into effect. As at 9.12 am,…
US to ban foreign officials over ‘flagrant censorship’ on social media
The US will impose visa bans on foreign nationals it deems to be censoring Americans, Secretary of State Marco Rubio said on Wednesday, and he suggested the new policy could target…
Salesforce says AI has reduced hiring of engineers and customer service workers
Tech companies are relying on artificial intelligence to help with everything from customer service to software engineering Salesforce said the use of artificial intelligence (AI)…
Hong Kong, Saudi bourses seek deeper ties to spur trading volume
Hong Kong and Saudi Arabia are ramping up efforts to boost trading activity as inflows to their exchange-traded funds (ETFs) wane and cross-listings fail to materialise. Hong Kong…
Hong Kong bankers on edge over US$11 billion New World refinancing
Hong Kong bankers have become fixated on an US$11 billion loan deal with unusually high stakes for the financial hub. New World Development (NWD), an embattled property developer…
US firms plan to pass Trump tariff costs to consumers: Federal Reserve minutes
US firms have warned the Federal Reserve that the cost of President Donald Trump’s tariffs will likely be borne by consumers, according to minutes of the bank’s most recent rate decision.…
Tesla targets June 12 launch of robotaxi service in Austin
Tesla is poised to begin its long-awaited robotaxi service in Austin on Jun 12, according to a source familiar with the matter, a milestone in Elon Musk’s plan to reshape the company…
Factory that symbolised Nissan’s rise may become victim of its decline
[YOKOSUKA, Japan] When Nissan’s Oppama plant opened in 1961, it was one of Japan’s first large-scale auto factories and a symbol of the company’s global ambitions. Sixty-four years and…
Nvidia gives solid forecast, even as China slump mars growth
Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed on results. Sales will be about US$45 billion in…
Europe: Stocks close lower as caution lingers on US trade policy progress
EUROPE’S main stock index closed lower amid broader declines on Wednesday as investors monitored progress in trade negotiations with the United States and assessed a slate of economic data…
HP plunges after cutting profit outlook on tariffs, economy
HP dropped about 15 per cent in extended trading after the company’s profit outlook fell short of estimates and it cut the annual earnings forecast, pointing towards a weaker economy and…
RGE, TotalEnergies to develop solar power plant with battery storage in Indonesia
RGE and TotalEnergies on Wednesday (May 28) have signed a co-investment agreement to jointly develop a solar power plant with battery energy storage system in Riau Province, Indonesia. The…
Singapore Paincare receives privatisation offer at S$0.16 per share
Medical-services company Singapore Paincare has received an acquisition bid for S$0.16 a share from Advance Bridge Healthcare, a management consultancy for healthcare services. This values…
US: Wall St muted at open after sharp rally, focus on Nvidia earnings
Wall Street’s main indexes opened subdued on Wednesday (May 28) after a sharp rally in the previous session, when cooling trade tensions boosted sentiment, as investors awaited AI…
UBS to sell hedge fund unit O’Connor to Cantor Fitzgerald
The deal includes “O’Connor’s six investment strategies” with about US$11 billion in assets under management Group’s asset management division has signed an agreement to sell…
CDL, MCL Land marketing Piccadilly Galleria retail podium for sale at lower price of $67.5m
Piccadilly Grand’s retail podium is up for sale for S$67.5 million, at a lower price after an earlier expression of interest exercise closed in November 2024. The ground-floor retail…