Business
Intel used to be the most valuable U.S. chipmaker. How it fell far behind Nvidia
Earlier this year, Intel’s new chief executive Lip-Bu Tan made frank remarks about how the Silicon Valley chipmaker keeps coming up short.…
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Business
Business
Hong Kong to let big funds secure bigger proportions of listings
Starting next week, the maximum percentage of shares that can be allocated to retail investors will be lowered to 35%, down from 50%…
Business
Hong Kong eases listing rules to boost red-hot IPO market
Hong Kong eased some of its rules to list in the city, potentially bolstering what’s already been one of the hottest markets in the world…
Business
Singapore shares on longest losing streak since April; STI falls 0.5%
Local stocks fell for the sixth consecutive session on Friday (Aug 1), notching their longest losing streak since Apr 9, as most markets…
Business
BOJ warns US tariffs could hit firms' profits, delay capex plans
Profits of Japanese firms are likely to fall this year because of US tariffs, leading them to downgrade capital expenditure plans, the…
Business
OCBC CEO-designate Tan Teck Long looks to continue ‘One Group’ strategy, boost synergy
OCBC’s incoming chief executive will continue to bank on its “One Group” approach to boost growth and synergy. “We are an integrated…
Business
OCBC trims full-year NIM guidance; Q2 profit slips 7% to S$1.82 billion
OCBC has lowered its target net interest margin (NIM) for FY2025 to a range of 1.9 to 1.95 per cent, down five to 10 basis points (bps)…
Business
British Airways owner IAG beats second-quarter profit estimates
British Airways owner IAG reported better than expected second-quarter earnings on Friday (Aug 1), helped by strong demand for its…
Business
Flight attendants sue Boeing over MAX 9 panel blowout incident
flight attendants on the Alaska Airlines 737 MAX 9 plane hit by a mid-air cabin panel blowout in January last year are suing Boeing for…
Business
UOBKH downgrades SIA after Q1 earnings a ‘major miss’ against guided range; lowers TP to S$6.03
UOB Kay Hian (UOBKH) equity analyst Roy Chen downgraded his rating on national carrier Singapore Airlines (SIA) to “sell”, with a reduced…
Business
UOBKH calls a ‘sell’ on SIA, lowers target price after significantly weaker Q1 earnings
UOB Kay Hian (UOBKH) equity analyst Roy Chen downgraded his rating on Singapore Airlines (SIA) to “sell”, with a reduced target price of…
Business
3HA Capital to delist watch-listed CosmoSteel after buyout offer accepted
Watch-listed company CosmoSteel Holdings will be delisted from the Singapore Exchange (SGX) as it no longer satisfies the bourse’s free…
Business
Watch-listed CosmoSteel to delist after 3HA Capital buyout offer accepted
Watch-listed company CosmoSteel Holdings will be delisted from the Singapore Exchange (SGX) as it no longer satisfies the bourse’s…
Business
3HA Capital to privatise watch-listed CosmoSteel after buyout offer accepted
Watch-listed company CosmoSteel Holdings will be delisted from the Singapore Exchange (SGX) as it no longer satisfies the bourse’s…
Business
First Hong Kong stablecoin licences may be issued early next year, HKMA says
The first batch of Hong Kong stablecoin issuer licences is expected to be granted early next year, the Hong Kong Monetary Authority (HKMA)…
Business
Indofood Agri Resources’ H1 net profit up 13.4% at 337.8 billion rupiah amid higher commodity prices
Indofood Agri Resources on Thursday (Aug 1) posted a 13.4 per cent rise in net profit to 337.8 billion rupiah (S$26.6 million) for its…
Business
Stocks to watch: OCBC, FLCT, Clas, Jardine Matheson, Keppel Reit, NetLink, Del Monte Pacific
The following companies saw new developments that may affect trading of their securities on Friday (Aug 1): OCBC: The local bank’s net…
Business
OCBC Q2 profit falls 7% to S$1.82 billion; to pay S$0.41 a share in dividends
The earnings beat the S$1.79 billion consensus forecast from a Bloomberg poll of six analysts OCBC’s net profit for the second quarter…
Business
Amazon cloud computing results fail to impress, shares slide after hours
AMAZON.COM on Thursday forecast third-quarter sales above market estimates, but failed to live up to lofty expectations for its Amazon Web…
Business
Apple revenue forecast beats estimates as iPhone sales soar
Apple forecast revenue well above Wall Street’s estimates on Thursday, following strong June-quarter results supported by customers buying…
Business
Europe: Stocks end at over one-week low; beverage makers hurt by US tariffs
EUROPEAN shares closed at a more than one-week low on Thursday, as investors were disappointed by a series of corporate reports from the…
Business
US: Stocks end lower after strong start as rally fades
Wall Street stocks finished lower on Thursday, shrugging off strong gains by Microsoft and Meta as traders await key US employment data…
Business
Clicks.so 2.0 is a Game-Changer for SEO Professionals
I’ve been watching the SEO tools market closely for years, and it’s rare to find a complete solution that doesn’t break the bank. That’s…
Business
Aker, OpenAI, and Nscale Launch $1B AI Facility in Norway Powered by Green Energy
Aker ASA announced on Thursday a landmark partnership with OpenAI and Nscale Global Holdings to develop one of Europe's most advanced…