Business
Ringgit owes its surge to forces well beyond US dollar’s weakness
The Malaysian ringgit’s relentless rally is being driven by a range of structural factors beyond the US dollar’s broad weakness,…
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Business
Business
Goldman Sachs cuts rating on Indonesian equities after MSCI flags investability risk
Goldman Sachs lowered its rating on Indonesian equities on Thursday, a day after index provider MSCI flagged investability risks,…
Business
Sony, Singapore’s GIC to invest US$2 billion in music catalogues
The joint venture will give the Japanese entertainment company funds to build up its portfolio of songs Sony Group and Singapore’s GIC…
Business
Sephora CEO Guillaume Motte Outlines Global Ambitions
This week, the executive leadership team of Sephora has descended on New York for its first global brand summit, where chief executive…
Business
Stocks to watch: Sembcorp, Mapletree Industrial Trust, Ho Bee Land
The following companies saw new developments that may affect trading of their securities on Thursday (Jan 29): Sembcorp Industries: The…
Business
Gold climbs to record above US$5,500 on bets for dovish Fed chair
Gold surged to an all-time high above US$5,500 an ounce, extending a breakneck rally fuelled by US dollar weakness and expectations the…
Business
Gold nears US$5,600/oz as investors seek safety, silver eyes US$120
— Spot gold extended its record-breaking rally on Thursday (Jan 29), edging closer to the US$5,600-per-ounce level as investors sought…
Business
ServiceNow strong results overshadowed by AI disruption fear
Like its peers, the company has worked to weave generative AI features through its tools and charge more for them ServiceNow gave a sales…
Business
DBS, OCBC, UOB target prices climb as banks hit record highs
Analysts are ratcheting up target prices for local lenders as their shares and the benchmark Straits Times Index (STI) scaled new peaks.…
Business
EXCLUSIVE: Interparfums Inc. Picks Up Licenses for David Beckham, Nautica
Authentic Brands Group has selected a previous collaborator to hold the fragrance licenses for David Beckham and Nautica. Interparfums…
Business
Nomura beats Goldman to top spot in a record year for Japan M&A
Foreign securities firms have secured numerous deals involving investments in the US, fuelled by the AI and semiconductor boom Nomura…
Business
Samsung’s profit triples to record high as AI boom exacerbates chip shortage
Samsung Electronics said its operating profit more than tripled to a record high in the fourth quarter, as the race to build artificial…
Business
Samsung sees strong AI demand after profit triples to record high
— Samsung Electronics said its operating profit more than tripled to a record high in the fourth quarter and forecast strong chip demand…
Business
Singapore’s AI growth lies in infrastructure: OCBC
OCBC Investment Research analysts name 10 SGX-listed companies that will do well amid the boom in AI As the United States and China fight…
Business
Nvidia helped DeepSeek hone AI models later used by China’s military, lawmaker says
Nvidia’s H800 chip was designed for the China market and sold there before H800s were put under US export controls chipmaker Nvidia helped…
Business
Tesla revenue beats estimates despite weaker vehicle deliveries
The company’s vehicle business has been under strain as rivals roll out newer models, often at lower prices Tesla beat Wall Street…
Business
SpaceX weighs June 2026 IPO at US$1.5 trillion valuation: report
Elon Musk’s SpaceX is weighing a mid-June initial public offering (IPO), aiming to raise as much as US$50 billion at a valuation of…
Business
Microsoft’s rising spending, slight cloud beat fan AI payoff worries
OSOFT only edged past estimates for quarterly revenue in its crucial cloud-computing business on Wednesday and ramped up spending on…
Business
Microsoft capital spending jumps, cloud revenue fails to impress
The tie-up with OpenAI, once an edge, now faces risks as Google’s Gemini wins clients like Apple — Microsoft said on Wednesday (Jan 29) it…
Business
Tesla reveals plans for US$2 billion investment in Musk’s xAI
Tesla revealed plans to invest US$2 billion into chief executive officer Elon Musk’s artificial intelligence (AI) company, xAI, while…
Business
IBM posts revenue that tops estimates on software gains
Investors have been enthusiastic about the strategy as software has provided an increasingly share of the company’s sales International…
Business
European shares slip as luxury stocks struggle
PEAN shares fell on Wednesday, weighed down by a slide in luxury stocks, while caution prevailed ahead of a run of tech sector results and…
Business
US stocks: S&P 500 dips slightly after Fed keeps rates steady as expected
S&P 500 closed slightly lower and the Nasdaq advanced modestly on Wednesday as investor reactions were muted after the Federal Reserve…
Business
US Fed holds rates steady, sees ‘elevated’ inflation and stabilising job market
The US Federal Reserve held interest rates steady on Wednesday, citing still-elevated inflation alongside solid economic growth, and…