TSMC’s Q3 profit handily beats forecasts on AI boom
TAIWAN Semiconductor Manufacturing Company (TSMC), the dominant producer of advanced chips used in artificial intelligence (AI) applications, reported on Thursday (Oct 17) a…
Section
Fashion
Nestle announces restructuring, misses nine-month organic sales forecast
NESTLE announced it is revamping senior leadership and its operating structure, cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth, after…
Chick-fil-A announces 2025 Singapore launch in US$75 million Asia foray
AMERICAN fast food restaurant chain Chick-fil-A is opening its first restaurant in Singapore in late 2025, with plans to open two more outlets in the city state by the end of 2026. On…
Cathay Pacific’s new business class is all about quiet luxury
ON EMIRATES, passengers in business class have a bartender to mix a cocktail mid-flight. Virgin Atlantic Airways offers the Loft Lounge, a sky-high saloon where travellers can relax on red…
Medical tourism, biopharma leading the way in China’s healthcare flows to Asean
Patients are flocking to the region in search of good quality, alternative healthcare treatments, while biopharma firms are making forays into new, emerging markets Within the Chinese…
Europe’s airlines dial up pressure in face of Chinese threat
AIR-FRANCE KLM is lobbying the French government to cap the number of flights that mainland Chinese carriers can make to Europe, according to sources familiar with the matter, in a bid to…
Sembcorp secures 150 MW wind-solar power project in India
STATE-OWNED Solar Energy Corporation of India (SECI) has awarded a 150 megawatt (MW) wind-solar hybrid power project to Sembcorp Green Infra – Sembcorp Industries’ wholly owned renewables…
Apple secretly worked with China’s BYD on long-range EV battery
APPLE worked with Chinese automaker BYD for years as part of its now-cancelled car project, developing long-range batteries that helped lay the groundwork for technology used today,…
Stripe in advanced talks to acquire stablecoin-focused fintech platform Bridge
STRIPE, the payments company founded by billionaire brothers Patrick and John Collison, is in advanced talks to acquire venture-backed fintech platform Bridge. Stripe has been in talks to…
Robinhood plans to give traders access to futures, index options
ROBINHOOD Markets is broadening its offerings to futures trading and index options as the retail brokerage aims to attract more sophisticated investors to its platform. The futures…
Bernard Arnault’s US$37 billion wealth loss comes as luxury dims in China
EIGHTEEN months ago, LVMH shares were trading at a record high and the group’s controlling shareholder, Bernard Arnault, was the world’s wealthiest person. Fast forward to Wednesday (Oct…
FTC adopts 'click to cancel' rule to make it easier to end subscriptions, mirroring California law
The Federal Trade Commission continued its crackdown on businesses that deceptively market and sell subscription services, adopting a rule Wednesday requiring companies to let consumers…
Bursa Malaysia’s outperformance may attract Singapore listcos seeking higher valuations
Singapore-listed UMS and Grand Venture Technology say they are eyeing secondary listings in Kuala Lumpur BURSA Malaysia has been one of the top performing markets in the region, with…
Amazon, Google tap into nuclear power to fuel data centers and AI push
Amazon on Wednesday announced plans to invest in nuclear power production to fuel its data centers with clean energy, a key part of the e-commerce giant’s push to expand AI-powered…
Trump Sparks Outrage from Both Conservatives and Liberals after Calling Himself 'Father of IVF'
Donald Trump sparked outrage from both conservatives and liberals after revealing a strange new nickname. He referred to himself as the "father" of in-vitro fertilization during a Fox News…
Morgan Stanley widens gap as banks’ wealth units add US$5 trillion
MORGAN Stanley’s record quarter in wealth management capped a banner period for one of Wall Street’s most-profitable businesses. Client assets at retail brokerage Charles Schwab and the…
General Motors backs biggest US lithium project with US$625 million investment
GENERAL Motors has committed US$625 million towards what will likely be one of the biggest US lithium mines, reinforcing the carmaker’s efforts to secure domestic supply of the battery…
China Life says profit to jump up to 185% on market rally
CHINA Life Insurance said profit for the first nine months is expected to increase as much as 185 per cent, buoyed by investment returns. The country’s largest life insurer forecasts that…
Morgan Stanley’s profit jumps on recovery in dealmaking
MORGAN Stanley’s profit rose in the third quarter, fuelled by a rebound in dealmaking that also helped its rivals. The investment bank reported a profit of US$3.19 billion on Wednesday…
Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record
MORGAN Stanley’s profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its stock to a record. A revival in corporate debt…
Parkway Life Reit posts 2.8% higher Q3 DPU of S$0.1130
PARKWAY Life Reit on Wednesday (Oct 16) reported a 2.8 per cent rise in distribution per unit (DPU) to S$0.1130 for the third quarter of 2024, up from S$0.1099 in the year-ago period. The…
Horizon Robotics seeks US$696 million in Hong Kong IPO, in what would be city’s largest in 2024
CHINESE autonomous driving firm Horizon Robotics is aiming to raise up to US$696 million in a Hong Kong initial public offering (IPO), as the city’s listings market shows signs of renewed…
Elon Musk hoped Trump would 'sail into the sunset.' Now he works frenetically to elect him
While he was building rockets and electric cars and becoming the world’s richest man, Elon Musk mostly stayed out of politics, donating relatively modest amounts to candidates from both…
Boeing to raise up to US$25 billion as strike weighs on finances
US AIRCRAFT manufacturer Boeing unveiled measures meant to replenish its cash flow on Tuesday (Oct 15), including an intention to raise up to US$25 billion, as it navigates recurrent…