OpenAI asks US to expand chips tax credit to AI data centres
OPENAI has asked the Trump administration to revamp a Chips Act tax credit to help lower the cost of artificial intelligence infrastructure, as the startup explores additional ways the US…
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Asian firms divided on Chinese AI as geopolitics bite
When Kien Ta pitched an AI solution to a Japanese healthcare firm, he suggested they use Qwen. Ta, the vice president of Vietnam-based software firm Rabiloo, thought that Alibaba’s…
EV maker Rivian gives CEO a Musk-style pay package worth up to US$4.6 billion
EV MAKER Rivian on Friday said it was giving its CEO a pay plan worth as much as US$4.6 billion over the next decade, a deal similar to Tesla’s record package for CEO Elon Musk, and linked…
France moves to suspend Shein website amid sex doll probe
THE French government said on Wednesday it would suspend the Shein digital platform until the Asian e-commerce giant complied with French legislation, as controversy swirled over the…
Crude oil recovers late in session on hopes over US-Hungary meeting
Crude prices recovered from a midday dip on Friday on hopes Hungary can use Russian crude oil as US President Donald Trump met Hungary’s Prime Minister Viktor Orban at the White House.…
Sri Trang Agro-Industry posts Q3 loss of 841.9 million baht amid lower rubber prices, tariff uncertainty
Sri Trang Agro-Industry fell into the red with a net loss of 841.9 million baht (S$33.8 million) for the third quarter ended Sep 30, reversing from a net profit of 517.3 million baht for…
Sri Trang Gloves Q3 loss widens to 106 million baht on impairment, derivative losses
The steeper net loss comes as its top line decreases 5.6% year on year to 6.1 billion baht, even as sales volume rises Sri Trang Gloves’ net loss for the third quarter ended September…
Nvidia CEO Jensen Huang says AI chip sales to China are blocked for now
The company is not trying to revive efforts to get Blackwell AI chips to Chinese firms Nvidia chief executive officer Jensen Huang said his company is effectively blocked from selling its…
Some Nexperia chip shipments resume as Germany welcomes ‘de-escalation’
[BERLIN/TOKYO] Semiconductor maker Nexperia has resumed some shipments of its vital chips, auto executives said on Friday (Nov 7), with Germany welcoming signs of de-escalation in a fight…
Full ride-hailing licences being evaluated for Trans-Cab, Geolah beyond 2025: LTA
With just under two months left on their one-year provisional permits to offer ride-hailing services, Trans-Cab and Geolah’s eligibility for full ride-hailing licences is being evaluated,…
Ikea profit falls 26% to 1.7 billion euros as US tariffs fuel costs
Overall sales from the company’s stores across 63 markets around the world fall for a second year in a row Sweden’s Inter Ikea, which supplies furniture to Ikea stores around the world,…
UMS Q3 earnings rise 1% to S$10.5 million, announces 1-for-4 bonus issue
UMS Integration on Friday (Nov 7) reported a 1 per cent year-on-year rise in net profit to S$10.5 million for the third quarter ended Sep 30, on the back of an improved gross margin. But…
Cortina’s H1 profit rises 10% to S$30.5 million amid stronger regional sales
Luxury watch retailer Cortina posted a 10 per cent rise in net profit to S$30.5 million for the six months ended Sep 30, up from S$27.8 million a year ago. The increase came on the back of…
China starts work on easing rare earth export rules but short of Trump hopes
China has begun designing a new rare earth licensing regime that could speed up shipments, but it is unlikely to amount to a complete rollback of restrictions as hoped by Washington,…
Honda cuts annual operating profit outlook on EV cost hit, slow Asia sales
It cut its operating profit forecast for the year through March 2026 to 550 billion yen (S$4.67 billion) from 700 billion yen Honda Motor slashed its full-year profit forecast by 21 per…
JPMorgan’s billionaire clients want sports teams more than fine art
Sports have become more than just a passion investment of the ultra-rich and are now a growing part of their portfolio JPMorgan Chase & Co’s super-rich clients are bolstering their…
Singtel unit sells 0.8% stake in Bharti Airtel for about S$1.5 billion, booking estimated S$1.1 billion gain
The sale reduces Singtel’s effective stake in Bharti Airtel to 27.5% from 28.3% Singtel announced its indirect wholly-owned subsidiary Pastel has raised gross proceeds of about S$1.5…
Gold gains on softer dollar, increasing bets of Fed rate cut
GOLD rose on Friday as the dollar slid after private-sector job reports indicated weakness in the US labour market increasing expectations of another Federal Reserve interest rate cut,…
Asia: Markets drop as valuations and US jobs, rates spook investors
ASIAN stocks tracked Wall Street losses on Friday as investors weighed weak US jobs data against Federal Reserve signals suggesting no more interest rate cuts this year. Growing worries…
US to block Nvidia’s sale of scaled-down AI chips to China, The Information reports
THE White House has informed other federal agencies that it will not permit Nvidia to sell its latest scaled-down AI chips to China, The Information reported on Thursday, citing three…
Phishing for trouble: The returning physical bank token is no silver bullet
Singapore is looking to implement what would be a world-first national roll-out of bank tokens Physical banking tokens are making a comeback. The Monetary Authority of Singapore (MAS) is…
Singtel shares end 2.9% higher on Bharti Airtel share sale, talks for data centre deal
Shares of Singtel surged as much as 5.1 per cent on the back of news that one of its units will sell US$1.2 billion worth of Bharti Airtel shares. The telecommunications operator is also…
OCBC shares hit record high after Q3 earnings beat expectations; ends 3.4% higher
Shares of OCBC jumped by more than 4 per cent on Friday (Nov 7) morning after the release of its financial results for the third quarter ended September. At market open, the bank’s shares…
Qantas eases throttle on domestic outlook, trims first-half domestic revenue forecast
AUSTRALIAN flag carrier Qantas Airways on Friday cut its first-half domestic unit revenue outlook and nudged up its fuel bill, citing softer non-resources corporate demand at home and…