CGS International reiterates Sembcorp as top pick with $7.68 target price
The Edge Singapore - For all the recent volatility in the global energy market, Lim Siew Khee and Meghana Kande of CGS International have reiterated their upbeat call on Sembcorp Industries. Citing its 'undemanding' valuation of 9x FY2027 earnings and potential for a higher dividend payout, Sembcorp, for CGSI, ...
Gasoline price hike from Iran war could push consumers toward EVs, hybrids
GUILDFORD, England/RICHMOND, Virginia, March 18 : The rising price of gasoline from the Iran war has triggered angst and uncertainty for carmakers, dealers and vehicle owners at the pump. For Martin Miller, it presents an opportunity. Miller owns a used electric-car dealership southwest of London an ...
Geely profit beats estimates as sales approach those of BYD
The Hong Kong-listed arm of billionaire Li Shufu’s auto empire is just over a year into a major overhaul it began in...
Exclusive-Meta vowed to stop illegal financial ads in Britain. It failed 1,000 times in a week
LONDON/SAN FRANCISCO, March 18 : U.S. tech giant Meta has repeatedly failed to stop illegal ads for high-risk financial products running on its platforms in Britain, despite committing to block them, according to a review by the country's financial regulator.Britain's Financial Conduct Aut ...
Maersk’s S$200 million, fully automated warehouse opens in Singapore
Tay Peck Gek - It will double the company’s footprint to more than 2 million sq ft and is equipped with the latest in automation tech
Punggol Digital District hotel site awarded for S$43.5 million to entity linked to Yeo Hiap Seng family scion
Chong Xin Wei - The project will feature a 224-key hotel and serviced residence development
Nvidia gets Beijing’s nod for H200 chip sales, adapts Groq chip for China: sources
While the company dominates the market for training AI systems, it faces much more competition in the inference market
Nippon Steel secures $5.7 billion of loans for US Steel takeover
TOKYO, March 18 : Nippon Steel has secured loans totalling 900 billion yen ($5.67 billion) from the Japan Bank for International Cooperation (JBIC) and major Japanese private lenders for its acquisition of U.S. Steel, it said in a statement on Wednesday.The lenders include Japan's three "m ...
Microsoft considers legal action over $50 billion Amazon-OpenAI cloud deal, FT reports
March 18 : Microsoft is considering legal action against its partner OpenAI and Amazon over a $50 billion deal that could violate its exclusive cloud agreement with the ChatGPT maker, the Financial Times reported on Wednesday.Last month, Amazon and OpenAI signed several agreements, including one tha ...
Microsoft weighs legal action over $50 billion Amazon-OpenAI cloud deal, FT reports
March 18 : Microsoft is weighing legal action against Amazon and OpenAI over a $50 billion deal that could breach Microsoft's exclusive cloud partnership with the ChatGPT maker, the Financial Times reported on Wednesday.The issue centres on whether Amazon Web Services can offer OpenAI's ne ...
Hong Kong regulatory scrutiny puts share sale boom at risk
Regulators say that deal quality has suffered as a result and repeatedly scolded firms
Chipmakers in Malaysia monitoring risks from helium supply disruptions: association
[KUALA LUMPUR] Semiconductor firms in Malaysia are monitoring risks from disruptions to helium supplies due to the conflict in the Middle East,...
Sunway Healthcare jumps 27.6% on Bursa debut in Malaysia’s biggest IPO in nine years
It raises RM3.3 billion from its base offering and over-allotment option
Sunway Healthcare jumps 31.7% on Bursa debut in Malaysia’s biggest IPO in nine years
It raises RM3.3 billion from its base offering and over-allotment option
Sunway Healthcare jumps 17% on Bursa debut in Malaysia’s biggest IPO in nine years
It raises RM3.3 billion from its base offering and over-allotment option
Samsung weighs multi-year deals to ease memory chip crunch fears
The company, SK Hynix and Micron Technology together dominate the supply of memory chips globally
PetroChina keeps downstream gas offers stable despite war risks
China is well-positioned to weather the ongoing war-related gas disruptions thanks to higher-than-usual inventories
Chipmakers in Malaysia monitoring risks from helium supply disruptions, association says
Australia-Europe flight bookings through Singapore up 38% in March
Derryn Wong - Data from Flight Centre Travel Group shows traffic looking for alternate routes to avoid Middle East hubs
Apollo makes first hire for Singapore’s S$1 billion private fund
The city-state has recently drawn several international asset managers
Apollo makes first hire for Singapore’s US$1 billion private fund
The city-state has recently drawn several international asset managers
A mystery AI model has developers buzzing: Is this DeepSeek's latest blockbuster?
BEIJING, March 18 : A powerful artificial intelligence model that appeared anonymously on a developer platform last week has sparked speculation that Chinese startup DeepSeek may be quietly testing its next-generation system ahead of an official launch.The free model, called Hunter Alpha, surfaced o ...
Ringgit hits strongest level versus Singapore dollar since 2021
Malaysia’s currency has also been boosted by foreign direct investment related to AI
Nikkei jumps nearly 2% as AI, chip stocks rally
[TOKYO] Japan’s Nikkei share average climbed nearly 2 per cent on Wednesday, led by chip and artificial intelligence-related stocks, as concerns over...
Singapore gold sellers bring in more stock, build vaults to meet higher demand amid Middle East crisis
Besides middle-aged customers, some have also observed a younger crowd wading into the gold-buying trend
Samsung Elec plans to produce Tesla chips starting late 2027
SEOUL, March 18 : Samsung Electronics said on Wednesday that it expects to start volume production of Tesla's chips at Samsung's factory in Texas in the second half of next year. The comments were made by Han Jin-man, Samsung Electronics President and Head of Foundry Business, at a shareho ...
Asian stocks rally as oil retreats, Fed in spotlight
SYDNEY, March 18 : Asian shares rallied on Wednesday as oil prices paused their gains, with markets turning to the U.S. Federal Reserve meeting to see how policymakers will balance growth and inflation risks amid ongoing geopolitical tensions in the Middle East. Israel intensified its offensive by k ...
Stocks up on lower oil and AI optimism, Fed in spotlight
SYDNEY/LONDON, March 18 : European shares rose for a third day on Wednesday as easing oil prices offered relief ahead of a U.S. Federal Reserve meeting that could give investors clues on how policymakers are weighing growth and inflation risks amid the Middle East conflict.Some renewed optimism arou ...
JTC awards tender for 224-key hotel and serviced residence to Verdant View for $43.5 mil
Jovi Ho - JTC has awarded the tender for a hotel and serviced residence development in Punggol Digital District (PDD) to Verdant View, a joint venture between JMD Holdings and TCRE Partners co-founder Nicholas Yeo. Yeo is the great-grandson of Yeo Keng Lian, who founded the Mainboard-listed food and beverage ...
JTC awards tender for 224-key hotel and serviced residence to Verdant View
Jovi Ho - JTC has awarded the tender for a hotel and serviced residence development in Punggol Digital District (PDD) to Verdant View, a joint venture between JMD Holdings and TCRE Partners co-founder Nicholas Yeo. The winning proposal will deliver a 224-key hospitality development in PDD’s Tower 98 on a di ...
Lululemon forecasts softer 2026 amid demand strains, taps ex-CEO of Levi for board
LULULEMON forecast 2026 revenue and profit below analysts’ estimates on Tuesday and appointed a former chief of jeans maker Levi Strauss to the...
Lululemon’s disappointing outlook adds urgency to CEO search
The company is focused on improving full-priced sales in the Americas
Gold steady as investors weigh Middle East risks ahead of Fed decision
The US central bank is widely expected to hold rates steady for a second straight meeting
Apex court upholds lengthy jail terms for duo behind Singapore penny stocks crash
Frankie Ho - Convicted market manipulators John Soh Chee Wen and Quah Su-Ling have failed in their appeal for less jail time, after Singapore’s apex court upheld their original prison terms imposed in 2022 for orchestrating the country’s largest securities fraud. In a decision delivered on Wednesday (March 1 ...
