Business
Horizon Robotics’ shares jump 38% in Hong Kong after US$696 million IPO
SHARES of Horizon Robotics jumped nearly 38 per cent early in their trading debut in Hong Kong on Thursday (Oct 24), adding to optimism…
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Business
Business
Las Vegas Sands to pump in US$8 billion to develop MBS expansion project
LAS Vegas Sands (LVS) – the parent company of Singapore’s Marina Bay Sands (MBS) – is set to invest US$8 billion in the integrated…
Business
Seven & i seeks to convince investors sales will double by 2030
SEVEN & i Holdings’s plan to split in two and expand abroad will help the retailer almost double group revenue, chief executive officer…
Business
Singtel to sell Dash mobile wallet to Western Union
TELCO giant Singtel has inked a conditional agreement to sell its e-wallet app Dash to financial services firm Western Union. The sale is…
Business
Mattel beats profit estimates on cost controls but trims annual sales forecast
MATTEL topped Wall Street estimates for quarterly profit as the Barbie parent kept a tight leash on costs but lowered its annual sales…
Business
Apple CEO Cook says company will increase investment in China: Xinhua
APPLE CEO Tim Cook said at a meeting with the Chinese government in Beijing that the US company will increase investment in China and…
Business
Keppel’s ‘moat’ gives it an edge in the data centre business: CEO
KEPPEL’S access to greener infrastructure and funds has created a “moat” and given the company an edge in the data centre business, noted…
Business
TSMC cuts off client after discovering chips sent to Huawei
TAIWAN Semiconductor Manufacturing Company (TSMC) discovered this month that chips it made for a specific customer ended up with Huawei…
Business
Nvidia supplier SK Hynix posts record Q3 profit, beats forecasts
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of its advanced chips such as…
Business
Lakers' LeBron and Bronny James Being Sued Over 2022 Car Accident: Report
Los Angeles Lakers superstar LeBron James and his son and teammate, Bronny James, are reportedly being sued regarding their role in a 2022…
Business
ServiceNow sales growth fails to impress AI-hungry investors
SERVICENOW reported strong third-quarter sales and bookings, but failed to clear the lofty expectations of investors looking for a bigger…
Business
Whirlpool reaffirms forecast despite pre-election sales slump
WHIRLPOOL, the owner of Maytag, rose in late trading on Wednesday (Oct 23) after reporting better than expected earnings, and reaffirming…
Business
Walmart agrees to pay $7.5 million to resolve hazardous waste charges
Walmart has agreed to pay $7.5 million to resolve a lawsuit brought by California officials accusing the company of illegally disposing of…
Business
IBM posts soft revenue growth as consulting woes continue
INTERNATIONAL Business Machines (IBM) reported underwhelming sales as the company grapples with a slowdown in consulting demand. Sales…
Business
Ennoconn Corp garners 63.77% of NeraTel shares at offer close
This comes after Ennoconn had in September agreed to buy 53.38% of the mainboard-listed company A MANDATORY unconditional cash offer by…
Business
US: Wall St dips at the open as yields rise, earnings weigh
Wall Street’s main indexes opened lower on Wednesday (Oct 23), pressured by rising Treasury yields and as investors focused on earnings…
Business
Boeing faces $6 billion loss as striking workers' vote looms
Boeing is bracing for a challenging week while it faces a potential $6 billion third quarter loss, the introduction of a new CEO, and a…
Business
Owner checks on dog on petcam—can't believe what she's guarding
A dog owner from Norway checked on her dog through the pet cam while away for the afternoon, and could not believe what she found her pup…
Business
OUE Reit Q3 net property income drops 3.7% to S$60.3 million
OUE Real Estate Investment Trust (Reit) reported a 3.7 per cent dip in net property income in the third quarter to S$60.3 million, from…
Business
TSMC cuts off client after discovering chips diverted to Huawei
TAIWAN Semiconductor Manufacturing Co (TSMC) discovered this month that chips it made for a specific customer ended up with Huawei…
Business
Boeing CEO presses turnaround as loss balloons to US$6 billion
BOEING CEO Kelly Ortberg laid out a turnaround plan on Wednesday (Oct 23), calling for a “fundamental culture change” at the struggling…
Business
Singapore court orders trader to pay investor S$4.7 million after forex trade goes south
THE Singapore High Court has on Wednesday (Oct 23) ordered forex trader Leong Kai Rui to return S$4.7 million to investor Oan Chim Seng…
Business
Stamford Tyres founder Wee Kok Wah dies at 78
He helmed the company for more than 50 years, growing it from a family-run business to a multinational firm operating in 11 countries…
Business
Hengrui Pharmaceuticals is said to weigh second listing in Hong Kong
JIANGSU Hengrui Pharmaceuticals is considering a second listing in Hong Kong that could happen as soon as next year, according to people…