AI helps drive record $11.8 billion in Black Friday online spending
Nov 29 : AI-powered shopping tools helped drive a surge in U.S. online spending on Black Friday, as shoppers bypassed crowded stores and turned to chatbots to compare prices and secure discounts amid concerns about tariff-driven price hikes. U.S. shoppers spent a record $11.8 billion online, up 9.1 ...
Global airlines race to fix A320 jets after Airbus recall
PARIS: Global airlines scrambled on Saturday (Nov 29) to fix a software glitch on their Airbus A320 jets as a recall by the European planemaker temporarily grounded aircraft in Asia and Eu
Armani fashion group appoints new board to guide company after designer's death
The designer instructed his heirs to sell an initial 15 per cent minority stake in his vast fashion business within 18 months after his death.
Micron to invest $9.6 billion in Japan to build AI memory chip plant, Nikkei reports
Nov 29 : U.S. chipmaker Micron Technology will invest 1.5 trillion yen ($9.6 billion) to build a next-generation memory manufacturing facility in western Japan to support artificial intelligence computing, Nikkei reported on Saturday Reuters could not immediately verify the report, which cited peopl ...
Bank Indonesia seeks rate cuts while balancing stability, growth
Tariff worries have made the rupiah South-east Asia’s worst-performing currency this year
Amazon, Flipkart take aim at India’s banks with new consumer loan offerings
Interest rates on loans for consumer durables from traditional lenders typically range between 12% and 22%
Human Made seeks growth beyond China as tensions with Japan rise
Its expansion coincides with a global surge in interest in Japanese pop culture, fuelled by anime and video games, while a weaker...
China’s robotics stocks face investor scrutiny over bubble fears
Beijing has been on a so-called anti-involution drive this year, aiming to curb destructive competition across industries
Silver hits fresh record after topping peak from October squeeze
The white metal has surged almost 90% this year
Worldwide markets roiled by data-centre snafu in Chicago suburb
The centre has continued to serve as a key node for traders across the globe, and the impact was felt broadly
Marco Polo Marine's FY2025 earnings up 169.7% y-o-y on one-off gains and higher chartering income
The Edge Singapore - Marco Polo Marine has reported earnings of $58.5 million for its FY2025, up 169.7% y-o-y. The company managed operational improvements but the bottom line was also lifted by one-off items. Revenue in the same period was down 0.6% y-o-y to $122.8 million, as it booked lower revenue for its shipyard o ...
Chinese carmakers shift to ‘asset-light’ models in overseas expansion
The technology-for-equity deal is designed around deep operational integration
Air travel faces disruptions over A320 software switch
Airbus has sold 12,257 of the aircraft by the end of September, compared with the sale of 12,254 Boeing 737s
Japan's ANA cancels 65 flights on Saturday after Airbus A320 recall
TOKYO :ANA Holdings, Japan's biggest airline, says it cancelled 65 flights on Saturday after the Airbus A320 recall forced it to ground some aircraft.The carrier, along with affiliates such as Peach Aviation, is the biggest operator in Japan of single-aisle Airbus aircraft, including the A320.
PhillipCapital's Lim maintains 'buy' call on Zixin Group but cuts target price to 5.5 cents
The Edge Singapore - Serena Lim of PhillipCapital has cut her target price for Zixin Group after the company reported 1HFY2026 earnings below expectations. For the six months to Sept 30, revenue was up 40.8% y-o-y to RMB220.6 million, with growth across its various segments. However, earnings was up by just 3.9% y-o-y a ...
Temasek eyes stake in Quest Global at US$4.6 billion pre-IPO price
The engineering services firm is preparing for an IPO in India, joining a wave of companies tapping the country’s buoyant capital markets
Airbus issues major A320 recall after flight-control incident
[PARIS] Europe’s Airbus said on Friday (Nov 28) that it was ordering immediate repairs to 6,000 of its widely used A320 family...
Why has the Malaysian ringgit been so strong recently and is it sustainable?
Tong Kooi Ong + Asia Analytica - We are asked this question everywhere we go — not because we claim to know the answers, but because it is on everyone’s mind, from office workers to corporate chiefs, investors, bankers, economists and fund managers. The answers so far, at least those that are publicly articulated, are external ...
US Black Friday online sales hit $8.6 billion, says Adobe Analytics
U.S. shoppers spent $8.6 billion online on Black Friday, an Adobe Analytics report showed, as more consumers turned to laptops and phones instead of braving brisk weather to snap up deals during the holiday shopping weekend.Online spending rose 9.4 per cent through 6:30 p.m. ET (1130 GMT) on Black F ...
India’s Adani seeks up to US$5 billion investment in Google data centre to join AI boom
Indian billionaires Gautam Adani and Mukesh Ambani have also unveiled investments in building data centre capacity
ECB’s Lagarde says interest rates are at correct level
Most officials have signalled they do not see a need to adjust borrowing costs when they meet in December
Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming Opec+ meeting
Saudi Arabia is expected to lower its January crude price for Asian buyers for a second month to its lowest in five...
S&P 500 extends rally after CME glitch, reversing monthly slide
Markets are continuing to bet that the central bank will cut its benchmark next month
European shares clock monthly gains on Fed rate cut hopes
Next week, investors expect some focus on Russia-Ukraine peace talks
CoinShares pulls plug on select crypto ETFs ahead of US listing
CoinShares filed on Friday to withdraw its plan to launch three exchange-traded funds, as the European cryptocurrency firm plans to focus on higher-margin opportunities ahead of its U.S. listing.CoinShares has filed with the Securities and Exchange Commission to withdraw its registration statements ...
Warburg Pincus to acquire Raptor Technologies for around $1.8 billion, sources say
India's Adani seeks up to $5 billion investment in Google data center to join AI boom
India's Adani Group plans to invest up to $5 billion in Alphabet-owned Google's India AI data centre project, an executive said on Friday, as it seeks to cash in on booming demand for data capacity in the world's most populous nation.In October, Google said it would invest $15 billion ...
OCBC files bid to wind up consumer electronics trader TT International
Jessie Lim - The company owes lender at least S$21.7 million
Leong Guan Holdings to raise $4.7 mil via IPO placement of 20.65 mil shares at 23 cents each
Felicia Tan - Foodstuffs maker Leong Guan Holdings is seeking to raise around $4.7 million via its initial public offering (IPO) placement of 20.65 million shares at 23 cents apiece. The placement, which comprises 16.3 million new shares and 4.35 million of vendor shares, will be made available to retail and inst ...
Noodle maker Leong Guan Holdings to offer 20.65 million shares at S$0.23 each in Catalist listing
Jessie Lim - The group intends to distribute a minimum of 80% of FY2025 net profit as dividends
Wall St opens higher, futures resume trade after outage
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Nov 28) with futures trading springing back to life from an hours-long...
STI could see 5,000 this year; but can DBS be at $70 by end-2026?
Goola Warden - The Straits Times Index (STI) closed at 4,523 on Nov 28, up 54 points week-on-week. The index remains above its rising 50-day moving average at 4,425. During the easier phase both the 50-day moving average and a support area around 4,400 were able to stop the decline. Since ADX has eased towards the ...
Managing director of Low Keng Huat offers to take company private at 72 cents per share
Nicole Lim - The managing director of the company Low Keng Huat, Marco Low Peng Kiat, is making a voluntary conditional general offer for all the shares in the company at 72 cents per share. Low is offering to take his company private through a special purpose vehicle incorporated in Singapore in July, known as ...
Wilmar’s China subsidiary lodges appeal over contract fraud case
Jessie Lim - [SINGAPORE] A subsidiary of Wilmar International has lodged an appeal in a Chinese court, after it was found guilty of contract fraud...
