Ericsson lags profit expectations as AI demand drives up chip costs
April 17 : Sweden's Ericsson reported a first-quarter core profit that slightly missed market expectations on Friday, citing increasing chip costs caused by artificial intelligence demand and a sales slowdown in North America.The network equipment maker is facing rising input costs partially du ...
Ericsson slightly lags profit expectations as AI demand drives up chip costs
April 17 : Sweden's Ericsson reported a first-quarter core profit that slightly missed market expectations on Friday, citing increasing chip costs caused by artificial intelligence demand and a sales slowdown in North America.The company reported an adjusted operating profit of 5.2 billion Swed ...
Hutchison, Jardine in talks to merge supermarket businesses in Hong Kong, sources say
HONG KONG, April 17 : CK Hutchison Holdings and Jardine Matheson Holdings, two of Hong Kong's biggest conglomerates, are in talks to merge their supermarket divisions in the city, said two people with knowledge of the matter.The talks between Hutchison and Jardine's DFI Retail unit have be ...
Hutchison, Jardine in talks to merge supermarket business in Hong Kong, sources say
HONG KONG, April 17 : CK Hutchison Holdings and Jardine Matheson Holdings, two of Hong Kong's biggest conglomerates, are in talks to merge their supermarket divisions in the city, said two people with knowledge of the matter.The talks between Hutchison and Jardine Matheson's retail unit DF ...
Jardines and CK Hutchison pursue Hong Kong supermarket megadeal, FT reports
April 17 : Hong Kong-based Jardines is in talks with CK Hutchison to buy its supermarket division, which trades as ParknShop, and merge it with Wellcome, the Financial Times reported on Friday, citing people familiar with the matter.CK Hutchison's AS Watson group, which owns ParknShop, competes ...
Hormuz blockade stirs tension over Malacca strait near Singapore
The Strait of Malacca is also more than five times longer than the Strait of Hormuz, providing ample scope for disruption
Japan says energy-related supply chain bottlenecks can be cleared within days
TOKYO, April 17 : Japan's industry minister Ryosei Akazawa said on Friday that supply chain bottlenecks arising from disruption to raw materials procurement including naphtha could be resolved within days, as the Iran war strains energy and petrochemical flows from the Middle East.Concern has m ...
Layoffs at PropertyLimBrothers expose key-man risk
Jovi Ho - Embattled property agency PropertyLimBrothers (PLB) has laid off employees from its media arm, less than three months after allegations about an extramarital affair between two senior executives thrust the firm into the spotlight. The “majority” of “local staff” from PLB Media were affected ...
London metals index at record high on aluminium ‘black hole’ fear
The metal has risen about 15% since the start of the Iran war
Malaysia's economy grew 5.3% yr/yr in Q1, official advance estimate shows
KUALA LUMPUR, April 17 : Malaysia's economy grew 5.3 per cent in the first quarter from a year earlier, official advance estimates showed on Friday, moderating from its pace at the end of 2025 as activity slowed in some key sectors.In the final quarter of 2025, gross domestic product had expand ...
OpenAI to spend more than US$20 billion on Cerebras chips, receive stake: The Information
OPENAI has agreed to pay chip startup Cerebras more than US$20 billion over the next three years to use servers powered by...
India’s Wipro sheds over $650 million in market value on weak forecast
April 17 : Shares of Wipro fell 3 per cent on Friday, wiping out $670 million in market capitalisation a day after a tepid first-quarter revenue forecast reinforced fears of slowing growth and relentless margin pressure at India's fourth-largest IT firm.The selloff marked the stock's steep ...
India's Wipro slips as weak forecast deepens growth concerns
April 17 : Shares of Wipro dipped 3 per cent after its weak first-quarter revenue forecast reinforced concerns over slowing growth and persistent margin pressure for India's fourth-largest IT firm.The stock was the top loser on the IT index, which was down 0.4 per cent, and the second-biggest d ...
India's Wipro falls as weak forecast sparks growth concerns
April 17 : Shares of Wipro dipped 2.9 per cent on Friday after India's fourth-largest IT firm's revenue outlook for the ongoing quarter reinforced concerns around growth visibility and margin pressure.The stock was the top loser on the IT index as well as the benchmark Nifty 50.
Strike looms at Australia LNG plant as Inpex workers reject new contract
PERTH, April 17 : Japan's Inpex said on Friday that workers at its Ichthys liquefied natural gas facility in Australia had voted against a new employment agreement, raising the risk of a strike that could exacerbate already tight energy supplies globally."A majority of eligible employees h ...
AJJ Medtech eyes humanoid robots for next growth spurt, even as supply contracts multiply
Teo Zheng Long - Ship repair in Thailand was the main business of OEL (Holdings) until an industry downturn forced a rethink of its strategy. However, with new shareholders gaining control, the company has since exited its legacy ship repair business and renamed itself AJJ Medtech Holdings (SGX: 584 ) to tap growth ...
Can US and Iran conclude a lasting deal to end the Middle East war?
Iran is unlikely to give up its leverage over Hormuz without concessions from the US
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
The Singaporean bank has a presence in Indonesia with its Jakarta-listed subsidiary Bank OCBC NISP Tbk
Indonesia risks missing EV boom as most nickel goes to stainless steel, research shows
Elisa Valenta - The growing adoption of nickel-free battery technologies is an added risk
Indonesia risks missing EV boom as most nickel goes to stainless steel, research says
Elisa Valenta - The growing adoption of nickel-free battery technologies is an added risk
Asian stocks reverse as investors await news on US-Iran peace talks
Concerns over the shaky truce between the US and Iran, which ends next week, reversed a record-breaking streak for equities this week.
The need for balance in strengthening governance
June Sim - In any well-functioning market, scrutiny is not a threat — it is a necessity. The idea of the “loving critic”, recently articulated by National University of Singapore Professor Mak Yuen Teen, reflects an important truth: robust governance frameworks benefit from challenge, debate and diverse ...
Robotic legs help elderly Hong Kong fire survivors climb back for belongings
The complex’s apartment towers have 31 floors, making the climb difficult for many elderly former residents
Are we moving towards World War III?
Derwin Pereira - World wars are not announced in advance. They begin bilaterally, spread regionally, and then go global in an expanding cataclysm of uncontrollable conflict. Today, the question on many minds is: Are we moving towards World War III? We could be. The Australian soldier-diplomat David Kilcullen argues ...
Charles Schwab revenue misses estimates even as client assets climb
The firm has reported a 39% increase in daily average trades in March compared with a year earlier
Despite Iran war impact, Changi Airport Q1 passenger traffic up 2.3% on North Asia, Europe demand
Therese Soh - It hits a record 70.4 million for the 12 months ended March 2026
Despite Iran war’s impact, Changi Airport Q1 passenger traffic up 2.3%, driven by North Asia, Europe demand
Therese Soh - It hits a record 70.4 million for the 12 months ended March 2026
Despite Iran war, Changi Airport Q1 passenger traffic up 2.3%, driven by North Asia, Europe demand
Therese Soh - It hits a record 70.4 million for the 12 months ended March 2026
Should SpaceX be valued at US$2 trillion in June IPO?
Assif Shameen - How do you value a company that is growing revenues at a 30% annual clip, focused on launching rockets and spaceships, founded by a visionary serial entrepreneur who already runs a pioneering electric vehicle (EV) firm worth US$1.3 trillion ($1.65 trillion) and is widely recognised as one of the gre ...
Australian shares fall as doubts over US-Iran deal persist; banks, miners drag
AUSTRALIAN shares slipped on Friday, dragged by miners and banks, while domestic fuel supply concerns and doubts over whether upcoming US-Iran peace...
Brand visibility has a new battleground beyond search engines
Nurdianah Md Nur - Searching the internet used to mean typing a few keywords into a search engine and getting a page of links to sort through. Companies of every size competed to appear near the top of the page, spending what they could afford to stay visible. However, consumers today are increasingly bypassing the se ...
Allbirds sinks as 582% AI surge comes to screeching halt
The company says that it plans to rebrand itself as NewBird AI
Samsung Elec's South Korea union says up to 40,000 expected to join rally over wages
SEOUL, April 17 : The leader of Samsung Electronics' labour union in South Korea said on Friday that up to 40,000 workers are expected to join a rally on April 23 as it ramps up pressure on management over wage talks ahead of a possible strike.
Understanding price and value in the context of investing, Part 2
Thiveyen Kathirrasan - If the goal of investing is to be profitable, then there are many ways to achieve it. Some may require a lot of luck, some a lot of risk, some a lot of analysis, or a mixture of all of these. There is no surefire way to succeed in investing. Still, investors can significantly increase their chances ...
