Business
Ulta Beauty Surpasses Q3 Expectations With $2.9B in Sales, Driven by Fragrance Boom and International Expansion
Ulta Beauty beat Wall Street forecasts on both the top and bottom lines in its third quarter, helped by fragrance, K-beauty and…
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Business
Business
Hewlett Packard forecasts weak quarterly revenue, shares fall
Analysts expect macroeconomic weakness to continue to pressure the compute, storage and networking sectors Hewlett Packard Enterprise…
Business
Oil settles up on expectations of Fed rate cut, Ukraine peace talks stalling
US crude futures briefly rose more than US$1 a barrel earlier in the session as global shares rose Oil prices settled up on Thursday (Dec…
Business
Indexes end near flat, supported by Fed hopes but dragged by Amazon
Markets are pricing in an 87% chance the central bank will cut rates by 25 basis points this month US stocks closed near the unchanged…
Business
Industrials, automakers drive European shares higher at close
European shares closed higher on Thursday (Dec 4), led by industrials and automakers, as global risk appetite improved on elevated US rate…
Business
Wall Street opens higher as investors mull Fed rate cuts
Wall Street’s main indexes opened slightly higher on Thursday (Dec 4) as investors parsed a fresh batch of labour market data to gauge the…
Business
Meta’s Zuckerberg plans 30% budget cut to metaverse unit, potentially triggering January layoffs: sources
The proposed metaverse cuts are part of the company’s annual budget planning for 2026 Meta Platforms’ Mark Zuckerberg is expected to…
Business
Sunpower Group subsidiary to acquire 15% stake in Jining Xinneng Thermal Power for 30.2 million yuan
Sunpower International Holding (Singapore), a wholly owned subsidiary of Sunpower Group, is acquiring a 15 per cent equity interest in…
Business
Sunpower Group subsidiaries to acquire stakes in two China thermal energy projects
It will take 15% equity interest in Xinneng Thermal Power, and the remaining interest in Changshu Thermal Power that it does not own…
Business
Sunpower Group to buy stakes in two China thermal energy projects
It will take 15% equity interest in Xinneng Thermal Power, and the remaining interest in Changshu Thermal Power that it does not own…
Business
MVNOs face consolidation threat in 2026, say analysts
With the Simba-M1 merger, mobile virtual network operators could lose bargaining power and thus may have to tie up or exit Mobile virtual…
Business
Mobile virtual network operators face consolidation threat in 2026: analysts
With the Simba-M1 merger, MVNOs could lose bargaining power and thus may have to tie up or exit Mobile virtual network operators (MVNOs)…
Business
Will telco consolidation force mobile resellers to follow suit?
With the Simba-M1 merger, MVNOs could lose bargaining power and thus may have to tie up or exit Mobile virtual network operators (MVNOs)…
Business
California hammered as national job cuts jump to a five-year high
Job cuts across the country are the highest they have been in five years, led by layoffs in California and cutbacks in Washington.…
Business
Amazon opens new Germany headquarters in Munich
US online retail giant Amazon has opened a new and expanded headquarters in Germany, the company said on Thursday. After the company's…
Business
Alphabet’s TPU AI chips are a potential US$900 billion ‘secret sauce’
The success of TPU chips is a primary reason for the company’s 31% fourth-quarter share rally Alphabet investors are growing increasingly…
Business
Trump’s U-turn on fuel economy rules lifts European carmakers' shares
The Trump administration cast the change, aimed at making it easier for automakers to sell petrol-powered cars Shares of European…
Business
CapitaLand Ascott Trust, Sheng Siong Group to replace Olam Group, Yangzijiang Financial on STI reserve list
Hospitality player CapitaLand Ascott Trust and supermarket chain operator Sheng Siong Group will be joining the Straits Times Index’s…
Business
EU launches antitrust probe into Meta over use of AI in WhatsApp
Brussels has opened a new antitrust investigation into Meta Platforms over its rollout of artificial intelligence features in WhatsApp,…
Business
DayOne Data Centers seeks US$2 billion in upsized funding deal: sources
Singapore-based DayOne Data Centers is in advanced talks to raise more than US$2 billion in an upsized Series C funding round to help…
Business
HSBC’s long-term vision questioned after Nelson appointment
Nelson’s elevation comes as a surprise after HSBC’s yearlong hunt for external candidates HSBC’s appointment of Brendan Nelson as chairman…
Business
STI slips 0.4% amid fears of US economy slowdown
Across the broader market, decliners edge out gainers 259 to 256 after nearly 1.6 billion securities worth S$1.3 billion change hands The…
Business
Cambricon aims to triple chip output to replace Nvidia in China
The company is preparing to deliver half a million artificial intelligence accelerators in 2026 Cambricon Technologies plans to more than…
Business
Singapore: 33-Year-Old Man to be Charged for Allegedly Running Unlicensed Cross-Border Money Transfer Business
A 33-year-old man is set to be charged on Thursday, December 4, for allegedly operating an unlicensed cross-border money transfer…