Stocks advance, US yields retreat on heightened Fed cut expectations
NEW YORK :Global stocks climbed on Tuesday and were set for a third straight session of gains, as investors remained optimistic the Federal Reserve would cut U.S. interest rates at its December meeting, while U.S. Treasury yields declined.On Wall Street, U.S. stocks closed higher, boosted by gains i ...
Stocks advance, US yields decline on heightened Fed cut expectations
NEW YORK :Global stocks rose on Tuesday and were on pace for a third straight session of gains, as investors remained optimistic the U.S. Federal Reserve would cut interest rates at its December meeting, while U.S. Treasury yields declined. On Wall Street, U.S. stocks were higher, led by gains in A ...
Robinhood CEO's math-focused AI startup Harmonic valued at $1.45 billion in latest fundraising
Harmonic, an artificial intelligence startup co-founded by Robinhood CEO Vlad Tenev, has raised $120 million in new funding, valuing the company at $1.45 billion, as it tackles AI "hallucinations" — or incorrect or nonsensical answers — by improving the ability to reason.The Series C r ...
Dozens of state attorneys general urge US Congress not to block AI laws
Republican and Democratic attorneys general from 35 states and the District of Columbia urged congressional leaders on Tuesday not to block state laws governing artificial intelligence, warning of "disastrous consequences" if the technology is left unregulated.The letter sets up a clash be ...
Coliwoo reports FY2025 earnings of $15 mil, 51.4% lower y-o-y
Felicia Tan - Newly-listed Coliwoo Holdings has reported earnings, or net profit attributable to equity holders (patmi), of $15 million for the FY2025 ended Sept 30, 51.4% lower y-o-y. Earnings for the 2HFY2025 fell by 75.1% y-o-y to $5.7 million. Earnings per share (EPS) stood at 4.82 cents, also 51.4% lower y-o ...
US dollar slumps as data backs Fed rate cut view; traders on yen alert
NEW YORK :The U.S. dollar slid on Tuesday as a series of mixed economic data, some of which was delayed and therefore dated, reinforced expectations that the Federal Reserve will cut interest rates next month.In afternoon trading, the euro was up 0.5 per cent against the dollar at $1.1576, while ste ...
US dollar weakens as data backs Fed rate cut view; yen watch continues
NEW YORK/LONDON :The U.S. dollar slid on Tuesday as a slew of mixed economic data, some delayed and therefore dated, reinforced expectations that the Federal Reserve will cut interest rates next month.In U.S. late morning trading, the euro was up 0.5 per cent against the dollar at $1.1577, while ste ...
TikTok names former Boeing exec as US public policy chief
WASHINGTON :TikTok said Tuesday it had named former Boeing government affairs chief Ziad Ojakli as the short video app's head of public policy for the Americas as it works to complete a deal to separate its U.S. assets from its parent company.The move comes as TikTok's Chinese owner ByteDa ...
Coliwoo reports 75.1% fall in H2 net profit to S$5.7 million
Jessie Lim - The group has declared a final dividend of S$0.02 per share
Coliwoo reports 75.1 per cent fall in H2 net profit to S$5.7 million
Jessie Lim - [SINGAPORE] Co-living operator Coliwoo reported a net profit of S$5.7 million in the second half ended Sep 30, a 75.1 per cent...
Dutch public broadcaster NOS quits X over disinformation
AMSTERDAM :Dutch public broadcaster NOS on Tuesday said it had stopped posting on Elon Musk's social media platform X, as it said it did not want to facilitate the spreading of disinformation."The platform no longer fits our vision on how we want to present news on social media," the ...
US stocks opens mixed as investors assess data, Alphabet shines
[NEW YORK] Wall Street’s main indexes were mixed at the open on Tuesday (Nov 25) as investors took stock of a series...
ThaiBev’s full-year net profit falls 6.8% to 25.4 billion baht
Jessie Lim - The board has declared a final dividend of 0.47 baht per share
ThaiBev earnings down 6.8% y-o-y for the full year to 25.4 billion baht
Nicole Lim - Thai Beverage (ThaiBev) has reported earnings of 25.4 billion baht ($1.02 billion) for the FY2025 ended Sept 30, down 6.8% y-o-y. For the full year, net profit came in 11.7% y-o-y lower at 31.2 billion baht due to the spirits business experiencing an increase in investments in brand building and new ...
Hewlett Packard Enterprise wins $931 million cloud contract from US Defense Department
Artificial intelligence server maker Hewlett Packard Enterprise said on Tuesday it has won a $931 million contract from a combat support agency of the U.S. Department of Defense for providing cloud services for its data centers.U.S. President Donald Trump has ordered the department to rename itself ...
Barrick committed to Pakistan's Reko Diq copper project, says interim CEO
KARACHI :Barrick Mining Corp remains committed to its Reko Diq copper mine in Pakistan, one of the world's largest undeveloped deposits of the metal, and to the country as well, its interim CEO said on Tuesday, amid speculation that it is looking to exit.The $7 billion project, in the remote, i ...
Nvidia-Google AI chip rivalry escalates on report of Meta talks; Nvidia shares down 2.6%
[NEW YORK] Meta Platforms is in talks to spend billions on Google’s AI chips, The Information reported, adding to a months-long share...
Nvidia-Google AI chip rivalry escalates on report of Meta talks; Nvidia shares drop 2.6%
[NEW YORK] Meta Platforms is in talks to spend billions on Google’s AI chips, The Information reported, adding to a months-long share...
Nvidia-Google AI chip rivalry escalates on report of Meta talks; Nvidia shares drop 6%
[NEW YORK] Meta Platforms is in talks to spend billions on Google’s AI chips, The Information reported, adding to a months-long share...
Nvidia-Google AI chip rivalry escalates on report of Meta talks; Nvidia shares drop
[NEW YORK] Meta Platforms is in talks to spend billions on Google’s AI chips, The Information reported, adding to a months-long share...
French court hears opening arguments in Bolloré/Vivendi break-up dispute
France's highest civil court heard arguments on Tuesday in a legal dispute that could require the billionaire Bolloré family to buy out minority shareholders of Vivendi for several billions of euros.Vivendi's lawyer Alain Benabent argued that the appeals court had "exceeded its power ...
Analog Devices sees upbeat quarterly results on resilient demand
Analog Devices on Tuesday forecast first-quarter profit and revenue above estimates, after beating fourth-quarter expectations, as the chipmaker benefited from strong demand despite tariff uncertainties.After a prolonged slump in demand, Analog has been seeing a recovery across its business sectors ...
Singapore, Malaysia renew commitment to implement JS-SEZ frameworks
Chloe Lim - Repurposed Johor–Singapore Cooperation Ministerial Committee will provide strategic direction and oversee priority initiatives
Singtel’s Optus prices S$200 million notes due 2035 at 2.48%
Jessie Lim - [SINGAPORE] A unit of Singtel’s wholly owned subsidiary Optus has priced S$200 million in 10-year fixed-rate notes due in 2035 at 2.48...
EV maker Nio trims Q3 loss to 3.5 billion yuan with 40% jump in vehicle deliveries
Jessie Lim - Its losses narrow from the year-ago period, and revenue is up 16.7% on year
EV maker Nio posts 3.5 billion yuan net loss for Q3 2025
Jessie Lim - Its losses narrow from the year-ago period, and revenue is up 16.7% on year
Klarna to launch dollar-backed stablecoin as race in digital payments heats up
Swedish fintech firm Klarna on Tuesday said it will launch a U.S. dollar-backed stablecoin, becoming the latest major payments company to move deeper into digital assets as regulators tighten oversight of the sector.The token, called KlarnaUSD, is currently in testing and will be available on the ma ...
Jack Ma-backed Ant’s profit grew 10% after AI, global expansion
The company contributes 2.7 billion yuan of profit to Alibaba Group Holding
Kimly earnings up 0.4% y-o-y for FY2025 ended Sept at $33.3 mil
Nicole Lim - Kimly Limited has reported earnings of $33.3 million for the full year 2025 ended Sept 30, up 0.4% y-o-y. The Catalist-listed coffee shop operator reported a 0.9% y-o-y increase in revenue for FY2025 to $322.1 million. Gross profit for the full year came in 3.8% y-o-y higher at $94.1 million, result ...
Board of Dasmond Koh’s NoonTalk Media says management’s pay ‘fair and justifiable’ amid firm’s losses
Jessie Lim - The remuneration committee has considered defined key performance indicators, performance milestones and market benchmarks
Singapore insurers more anxious than global peers, as risks related to AI, cybercrimes rise: report
Ranamita Chakraborty - Broader technology disruptions and macroeconomic uncertainties are adding to worries, says PwC study
Singapore insurers more anxious about AI and cyber risks than global peers: report
Ranamita Chakraborty - Broader technology disruptions and macroeconomic uncertainties are adding to worries, says PwC study
Panasonic's energy unit to supply auto batteries to Amazon's Zoox from 2026
TOKYO :Japan's Panasonic Energy will supply cylindrical batteries to Amazon's self-driving unit Zoox starting from early 2026 under a multi-year agreement, the Panasonic Holdings unit said on Tuesday."Panasonic Energy will deliver its latest 2170 batteries beginning in early 2026 to s ...
ComfortDelGro and Hello Robotaxi partner on robotaxi deployment in China, overseas markets
Chloe Lim - The venture will focus on deploying and managing robotaxi services via ComfortDelGro’s point-to-point operations
