Business
AMD says Oracle is pledging widespread use of new AI chips
Advanced Micro Devices (AMD), Nvidia’s nearest rival in artificial intelligence (AI) processors, said Oracle will deploy a large batch of…
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Business
Business
Catalist-listed Ever Glory United proposes transfer to SGX mainboard
This is in line with its long-term strategy, says the engineering services provider Engineering services provider Ever Glory United…
Business
Centurion Corp acquires London site for S$71 million to develop student housing
Acquisition marks Centurion’s entry into London, the sixth city within its UK portfolio Mainboard-listed Centurion Corp has acquired a…
Business
Centurion Corp acquires London site for £41 million to develop student housing
Acquisition marks Centurion’s entry into London, the sixth city within its UK portfolio Mainboard-listed Centurion Corp has acquired a…
Business
Walmart partners with OpenAI to offer shopping on ChatGPT
The firms are jointly creating a certification programme to train employees on effectively using AI at work Walmart is teaming up with…
Business
IMF warns of dim outlook for world economy hit by rolling shocks
The global economy is expected to grow by 3.2% this year, up from 3% predicted in July The International Monetary Fund warned that the…
Business
JPMorgan lifts interest income forecast after profit beats estimates
JPMorgan Chase raised its full-year forecast for net interest income (NII) on Tuesday (Oct 14), after strong performance in its trading…
Business
Wall St opens lower on US-China tensions; bank results pour in
Wall Street’s main indexes opened lower on Tuesday (Oct 14) with renewed trade tensions between US and China souring sentiment, while…
Business
Citi revenue beats in every division as compensation costs climb
Citigroup beat Wall Street revenue estimates across all five of its major business lines, a haul that’s helping the firm manage rising…
Business
GM takes US$1.6 billion charge as it reassesses EV plans
General Motors said on Tuesday (Oct 14) it will take US$1.6 billion in third-quarter charges as it realigns electric-vehicle plans…
Business
Goldman Sachs profit jumps as bankers cash in on big deals
Goldman Sachs’ quarterly profit jumped more than 37 per cent on Tuesday (Oct 14) as its investment bankers earned higher advisory fees and…
Business
Goldman’s profit beats estimates as dealmaking rebound boosts investment banking
Goldman Sachs beat Wall Street expectations for third-quarter profit on Tuesday (Oct 14), as its investment bankers earned higher advisory…
Business
Broadcom to launch new networking chip, as battle with Nvidia intensifies
The Thor Ultra will rival Nvidia’s chips and strengthen Broadcom’s dominance in AI data centre networking Broadcom is launching a new…
Business
Seatrium stays bullish on green bets despite axing of US$475 million wind project
The offshore and marine player is also exploring ‘moonshot’ projects such as a floating nuclear platform Even in the face of a US$475…
Business
Singapore shares fall 0.8% even as Q3 GDP growth beats forecast
Shares on the Singapore bourse closed lower on Tuesday (Oct 14), even as the city-state’s economy grew faster than expected. The benchmark…
Business
How Brands Can Turn Consumers Into Community
The odds of having multiple beauty executives on stage at once whose consumers have gotten tattoos emblematic of their respective brands…
Business
Samsung plans bonuses tied to share price in major pay overhaul
The move underscores the firm’s effort to address growing dissatisfaction within the ranks Samsung Electronics is awarding shares and…
Business
Floating wind farms, ammonia and carbon capture: Seatrium bets on green opportunities
The offshore and marine player is also exploring ‘moonshot’ projects such as a floating nuclear platform Even as US politics roils the…
Business
Huawei’s EV partner Seres said to gauge interest for US$2 billion Hong Kong listing: sources
Chinese electric-vehicle maker Seres Group has started gauging investor interest for a Hong Kong listing that may raise US$1.5 billion to…
Business
UK jobs market slowdown shows signs of easing before budget
Wage growth in the private sector slowed to 4.4% in the three months through August The UK labour market showed further signs of…
Business
Ericsson beats quarterly core profit estimates, shrugs off tariffs
Swedish telecoms equipment maker Ericsson reported a better-than-expected rise in quarterly earnings on Tuesday (Oct 14) and played down…
Business
Google plans US$15 billion data centre hub in biggest India bet
The Indian state of Andhra Pradesh aims to host 6 gigawatts of data centre capacity by 2029 Alphabet’s Google aims to invest about US$15…
Business
LG India jumps 50% in trading debut after US$1.3 billion IPO
The home-appliance maker’s market value to US$13 billion, higher than that of its South Korean parent LG Electronics India soared in its…
Business
LG India jumps 53% in trading debut after US$1.3 billion IPO
The record-breaking market debut is driven by strong investor conviction in the company’s vision and fundamentals LG Electronics India…