Campbell’s responds to ‘absurd’ charge it uses 3D-printed chicken
FOOD giant Campbell’s has dismissed as “absurd” claims allegedly made by a senior executive, who has since been placed on leave, that its soups are made with “3D-printed” chicken and…
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Fashion
US: Wall Street extends rally on growing bets for December Fed rate cut
Wall Street gained ground on Wednesday as revived tech strength and the growing probability of a December interest rate cut from the US Federal Reserve put investors in a buying mood the…
Oil up as investors await clarity on supply, Russia-Ukraine deal
Oil prices edged up on Wednesday ahead of the US Thanksgiving holiday, as US investors assessed prospects of oversupply and talks over a Russia-Ukraine peace deal. Brent crude futures…
Wall Street opens higher as December Fed rate-cut bets grow
Wall Street’s main stock indexes opened higher on Wednesday (Nov 26), as investors parsed through a fresh batch of economic data and cemented expectations the Federal Reserve could cut…
Chinese regulators block ByteDance from using Nvidia chips, The Information reports
The reported ban underscores Beijing’s efforts to reduce reliance on US technology Chinese regulators have barred TikTok-owner ByteDance from deploying Nvidia chips in new data centres,…
Li Auto adds to gloomy China EV outlook with revenue miss
In Q3, the company’s revenue fell 36%, the worst drop since its US listing in 2020 Li Auto’s fourth quarter forecasts fell short of expectations, adding to investor concerns about its…
Snapchat is nearing 1 billion monthly users. Why can't it turn a profit?
Snapchat, an app whose disappearing messages and silly face filters made chatting with loved ones more casual, is close to a milestone that few social media platforms achieve: reaching 1…
Commentary: California's first partner pushes to regulate AI while Trump and tech bros thunder forward
California First Partner Jennifer Siebel Newsom recently convened a meeting that might rank among the top sweat-inducing nightmare scenarios for Silicon Valley’s tech bros — a group of the…
China’s Didi Q3 revenue up 8.6% as costly overseas expansion accelerates
The company has accelerated overseas investment this year, notably expanding food delivery to additional cities Didi Global reported an 8.6 per cent rise in third-quarter revenue on…
Citigroup hires Nomura, Wells Fargo traders in foreign-exchange business push across Asia
Citigroup has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange business in Asia. Nicky Lam, formerly of Nomura in…
SoftBank’s 40% slide since October underscores mounting worry over its giant OpenAI bet
Japanese tech investor leads AI selloff amid concerns over new pressure on OpenAI after Gemini 3.0 debut Growing unease over frothy artificial intelligence valuations is weighing on shares…
Malaysia’s data centre hub tightens approvals on water worries
Johor, the Malaysian state emerging as a regional data centre hub, is raising the bar for new projects as authorities seek to curb the heavy water use that’s straining local supplies. The…
Surgical tech firm UltraGreen.ai files for US$377.1 million IPO on SGX mainboard
It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; this includes 5.9 million shares for a retail tranche in Singapore Medical imaging and surgery technology firm…
China likely to bid on building new Panama Canal ports
The Panama Canal Authority plans to award contracts for the two terminals in late 2026 and begin operations in 2029 China is among parties interested in bidding to build two new ports on…
China buys at least 10 US soybean cargoes in new deals after Trump-Xi call: sources
China bought at least 10 cargoes of US soybeans worth around US$300 million in contracts signed since Tuesday, two traders with knowledge of the deals said, a day after the presidents of…
RHB initiates coverage on Keppel Infrastructure Trust with ‘buy’ call
The analyst sets a target price of S$0.55 and says the trust should have a ‘modestly growing’ distribution profile RHB on Wednesday (Nov 26) initiated coverage on Keppel Infrastructure…
Brookfield builds decarbonisation platform in South-east Asia
This marks its first renewables investments in the Philippines, Vietnam and Thailand Brookfield Asset Management has made its first renewables investments in the Philippines, Vietnam and…
Couple rakes in US$9 billion as AI circuit board shares soar 530%
When Nvidia chief executive officer Jensen Huang hosted a private banquet for suppliers in Taiwan in May, the room was packed with some of the biggest names in global electronics. The…
Chinese bonds see no haven demand from stock losses on PBOC bets
The central bank’s reluctance to ease its policy further remains the core issue weighing on the debt market China’s stock and bond markets are decoupling, breaking the inverse correlation…
Gold drifts higher on US rate cut expectations
Markets are pricing in an 84% chance of a Fed rate cut next month, compared to 50% last week, according to CME Group data Gold prices nudged higher during early Asian trade on Wednesday…
Brookfield, GIC to weigh buyout of National Storage Reit: sources
The volume of mergers and acquisitions involving Australian companies as either targets or sellers has fallen to around US$70 billion this year Brookfield Asset Management and Singapore’s…
Brookfield, GIC bid for National Storage in A$4 billion deal
The Sydney-listed company operates more than 270 storage centres across Australia and New Zealand — Brookfield Asset Management and…
Warner Bros to ask bidders to submit sweetened offers
Warner Bros Discovery, the parent of HBO and CNN, has asked potential buyers to submit new, sweetened offers after receiving an initial round of bids, sources familiar with the matter…
Warner Music Group settles lawsuit with AI firm Suno
Warner Music Group on Tuesday announced a partnership with AI business Suno that will compensate music artists and songwriters, ending a legal battle between the two companies. Suno allows…