News
Wall Street opens higher as December Fed rate-cut bets grow
[NEW YORK] Wall Street’s main stock indexes opened higher on Wednesday (Nov 26), as investors parsed through a fresh batch of economic data and cemented expectations the Federal Reserve...
Chinese regulators block ByteDance from using Nvidia chips, The Information reports
The reported ban underscores Beijing’s efforts to reduce reliance on US technology[BEIJING] Chinese regulators have barred TikTok-owner ByteDance from deploying Nvidia chips in new data centres, The Information reported...
Li Auto adds to gloomy China EV outlook with revenue miss
In Q3, the company’s revenue fell 36%, the worst drop since its US listing in 2020[HONG KONG] Li Auto’s fourth quarter forecasts fell short of expectations, adding to investor...
IHH Healthcare’s Q3 net profit rises 15% to RM616 million
Revenue is up 16% at RM6.6 billion, on the back of strong performances from key markets Malaysia and India[SINGAPORE] IHH Healthcare on Wednesday (Nov 26) posted a net profit...
China’s Didi Q3 revenue up 8.6% as costly overseas expansion accelerates
The company has accelerated overseas investment this year, notably expanding food delivery to additional cities[BEIJING] Didi Global reported an 8.6 per cent rise in third-quarter revenue on Wednesday (Nov...
Citigroup hires Nomura, Wells Fargo traders in foreign-exchange business push across Asia
[SINGAPORE] Citigroup has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange business in Asia. Nicky Lam, formerly of Nomura in Singapore,...
Malaysia’s data centre hub tightens approvals on water worries
[KUALA LUMPUR] Johor, the Malaysian state emerging as a regional data centre hub, is raising the bar for new projects as authorities seek to curb the heavy water use...
Surgical tech firm UltraGreen.ai files for US$150 million IPO on SGX mainboard
It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; of which 5.9 million shares will be offered via a public offer in Singapore [SINGAPORE] Medical imaging and...
China’s GWM targets 300,000 annual production with first Europe car plant
Chinese automakers are increasingly looking to expand overseas as a way of escaping a brutal, prolonged price war touched off by domestic overcapacity[BAODING, China] China’s Great Wall Motor (GWM)...
Commentary: California’s first partner pushes to regulate AI while Trump and tech bros thunder forward