Fashion
Oil settles higher after US seizes tanker off Venezuela’s coast
[NEW YORK] Oil prices settled higher on Wednesday after officials said the US seized an oil tanker off the coast of Venezuela, adding to concerns about immediate supplies. Brent crude futures rose...
Temu’s Europe HQ raided as part of EU foreign-subsidy probe
[BRUSSELS] Temu’s European headquarters in Dublin have been hit by raids by European Union competition watchdogs, amid suspicions the Chinese e-commerce giant may have received unfair subsidies from Beijing....
US stocks close higher after Fed cuts interest rates
WALL Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point and signalled that it will likely put further rate cuts on...
Ultragreen.ai’s stabilising manager buys 2.3 million shares in fifth stabilising action since IPO
Citigroup Global Markets Singapore has now bought around 17.7 million shares of the medical technology company’s shares[SINGAPORE] The stabilising manager of Ultragreen.ai purchased about 2.3 million shares of the...
Wall Street subdued at open ahead of Fed interest rate verdict
[NEW YORK] Wall Street’s main stock indexes opened little changed on Wednesday (Dec 10), ahead of a Federal Reserve monetary policy decision that is widely expected to deliver an...
Ever Glory to offer 2 million new shares at S$0.64 each ahead of proposed transfer to mainboard
It will raise around S$1.2 million in net proceeds if the offer is fully subscribed[SINGAPORE] As part of its proposed transfer to the Singapore Exchange (SGX) mainboard, Catalist-listed engineering...
Wingtech seeks to restore Nexperia control as chip feud lingers
Despite political progress, Nexperia’s Dutch HQ and its Chinese operations are locked in an internal feud[BEIJING] Wingtech Technology has invited court-appointed custodians of Nexperia to discussions in a bid...
ByteDance, Alibaba keen to order Nvidia H200 chips after Trump green light: sources
The chip’s ability to train AI models is currently unmatched by domestic equivalents[BEIJING/SINGAPORE] ByteDance and Alibaba have asked Nvidia about buying its powerful H200 AI chip after US President...
ComfortDelGro and Pony.ai get green light to test self-driving shuttles on public roads in Punggol
[SINGAPORE] The Land Transport Authority (LTA) of Singapore has given its approval to transport operator ComfortDelGro and its autonomous vehicle (AV) partner Pony.ai to begin testing their AV shuttles...
HSBC’s senior bankers hid behind co-head roles, CEO Georges Elhedery says
Since taking charge, he has nearly halved the size of the bank’s operating committee[LONDON] HSBC’s chief executive officer Georges Elhedery said not enough executives were fully accountable for the...
