News
Wall Street opens higher as investors mull Fed rate cuts
[NEW YORK] Wall Street’s main indexes opened slightly higher on Thursday (Dec 4) as investors parsed a fresh batch of labour market data to gauge the odds of a...
Sunpower Group subsidiary to acquire 15% stake in Jining Xinneng Thermal Power for 30.2 million yuan
[SINGAPORE] Sunpower International Holding (Singapore), a wholly owned subsidiary of Sunpower Group , is acquiring a 15 per cent equity interest in Jining Xinneng Thermal Power for about 30.2...
Sunpower Group to buy stakes in two China thermal energy projects
It will take 15% equity interest in Xinneng Thermal Power, and the remaining interest in Changshu Thermal Power that it does not own[SINGAPORE] Sunpower Group on Thursday (Dec 4)...
California hammered as national job cuts jump to a five-year high
Job cuts across the country are the highest they have been in five years, led by layoffs in California and cutbacks in Washington.California employers announced 173,022 job cuts from...
Trump’s U-turn on fuel economy rules lifts European carmakers’ shares
The Trump administration cast the change, aimed at making it easier for automakers to sell petrol-powered cars[FRANKFURT] Shares of European carmakers jumped between 2.5 per cent and 5 per...
CapitaLand Ascott Trust, Sheng Siong Group to replace Olam Group, Yangzijiang Financial on STI reserve list
[SINGAPORE] Hospitality player CapitaLand Ascott Trust and supermarket chain operator Sheng Siong Group will be joining the Straits Times Index’s (STI) reserve list, following the December quarterly review.They will...
STI slips 0.4% amid fears of US economy slowdown
Across the broader market, decliners edge out gainers 259 to 256 after 1.6 billion securities worth S$1.3 billion change hands[SINGAPORE] The Republic’s benchmark index closed lower on Thursday (Dec...
Cambricon aims to triple chip output to replace Nvidia in China
The company is preparing to deliver half a million artificial intelligence accelerators in 2026[BEIJING] Cambricon Technologies plans to more than triple its production of AI chips in 2026, aiming...
Hepmil founders chose Publicis acquisition over fresh funding round, citing M&A risks
Karl Mak, the startup’s CEO and co-founder, says the team was not confident of executing its own M&A deals[SINGAPORE] While planning for its next phase of growth in the...
India central bank to tolerate weaker rupee as inflows dry up
[MUMBAI] India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade gap and stalling of dollar inflows into the...
