News
US: Stocks fall as Nvidia results hit AI shares
WALL Street stocks tumbled on Thursday (Feb 27), extending a rough period as disappointment with Nvidia earnings and fresh tariff rhetoric from Donald Trump pressured the market.While Nvidia reported...
Who is Catherine Wu, the woman said to have a ‘long relationship’ with Kwek Leng Beng?
CDL group chief executive Sherman Kwek says the “primary reason” for the ongoing dispute at the property behemoth relates to “a very serious issue of corporate governance” involving Dr...
US: Wall St opens higher as Nvidia’s forecast calms AI demand fears
WALL Street’s main indexes opened higher on Thursday (Feb 27) as AI bellwether Nvidia’s upbeat forecast soothed concerns of cooling demand in the industry, though a jump in weekly...
SGX-listed companies have ‘significant room for improvement’ in whistle-blowing policies: NUS study
SINGAPORE-LISTED companies are not doing nearly enough when it comes to whistle-blowing policies, according to a study by the Centre for Investor Protection (CIP) at NUS Business School. For...
Jardine C&C posts 4.4% rise in H2 underlying profit to US$602 million
JARDINE Cycle & Carriage (C&C) posted a 4.4 per cent rise in its underlying profit of US$602 million for the six months ended December 31, 2024. This came as...
Tencent releases new AI model, says replies faster than DeepSeek-R1
The success of DeepSeek’s R1 and V3 models has sent Chinese tech giants like Tencent scrambling to put out new versions of AI modelsCHINESE tech giant Tencent on Thursday...
Singapore stocks gain ground; STI rises 0.3% despite Yangzijiang Shipbuilding dive
The three local banks show mixed performance, with DBS declining while OCBC and UOB advance SINGAPORE shares climbed on Thursday (Feb 27) as investors took stock of company earnings....
US multifamily homes, offices find favour among private equity investors
Last year, the supply of multifamily homes in the country grew by the most since the 1980s, although “exceptional” demand has helped to absorb that, says a Freddie Mac...
GuocoLand inks MOU to jointly develop UEM Sunrise’s land bank in Iskandar Puteri
GUOCOLAND will partner Malaysia’s UEM Sunrise to develop selected freehold land parcels in Iskandar Puteri, within the Johor-Singapore Special Economic Zone (JS-SEZ). This is under a memorandum of understanding...
Mercedes set to cut jobs in China as local competition heats up
MERCEDES-BENZ Group and its subsidiaries are planning to cut up to 15 per cent of the automaker’s workforce in China, mainly within its financing and sales units, as the...
