1 day ago
IHH Healthcare’s Q3 net profit rises 15% to RM616 million
Chloe Lim - Revenue is up 16% at RM6.6 billion, on the back of strong performances from key markets Malaysia and India
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 day ago
EU Commission requests Shein to provide information on the sale of illegal products
BRUSSELS :The European Commission has requested Chinese online platform Shein to provide information on the sale of illegal products under the EU's Digital Services Act, it said in a statement on Wednesday.
1 day ago
Paris court: Hearing on request for Shein's suspension in France postponed to Dec. 5
PARIS :The hearing on the French government's request that Chinese online platform Shein be suspended in France for three months over sales of childlike sex dolls and banned weapons, has been postponed to December 5, a Paris court said on Wednesday.
1 day ago
As AI reshapes shopping, US retailers try to change how they're seen online
NEW YORK :Big retailers traditionally spend millions on attracting eyeballs for the holiday season. Now, they're looking to get noticed by something else - AI agents.Most of this holiday season's projected $253 billion in U.S. online sales will happen through website visits or standard o ...
1 day ago
Jumbo Group reports lower full year earnings of $8.7 mil, down 36.6% y-o-y due to higher operating costs
Nicole Lim - Jumbo Group has reported lower earnings of $8.7 million for the FY2025 ended Sept 30, down 36.6% y-o-y. For the full year, the group’s revenue declined marginally by 0.1% y-o-y to $190.3 million. The group says that its performance reflects overall stability despite a challenging operating environ ...
1 day ago
DBS and CGS maintain ‘buy’ call for Seatrium after FPU contract win
Lin Daoyi - Analysts from DBS and CGS International remain upbeat on Seatrium’s prospects after the offshore and marine player announced it won a second contract to build a floating production unit (FPU) for bp. With the Tiber FPU win, Seatrium’s has secured more than $2 billion in contracts for 2025. DBS†...
1 day ago
Daily Debrief: What Happened Today (Nov 26)
Stories you might have missed
1 day ago
Swire cuts dozens of jobs in rare layoffs as China economy slows
The move affects some 40 people in divisions including sustainable development, finance and risk management
1 day ago
China’s Didi Q3 revenue up 8.6% as costly overseas expansion accelerates
The company has accelerated overseas investment this year, notably expanding food delivery to additional cities
1 day ago
Reliance Industries, JV partners to invest $11 billion in India AI data capacity
A Reliance Industries joint venture will invest $11 billion over five years to develop 1 gigawatt of AI data capacity in the southern Indian state of Andhra Pradesh, the companies and the state's government said on Wednesday.Canadian multinational company Brookfield Corporation and U.S.-based r ...
1 day ago
India's Reliance Industries JV to invest $11 billion for data centre
A joint venture between India's Reliance Industries, Brookfield Corporation, and Digital Realty will invest $11 billion in the south Indian state of Andhra Pradesh to establish 1 gigawatt of AI data capacity, the state government and companies said on Wednesday.
1 day ago
Singapore stocks track Wall Street gains; STI up 0.4%
Tan Nai Lun - Across the broader market, gainers outnumber losers 280 to 258, after 1.3 billion securities worth S$1.3 billion change hands
1 day ago
McKinsey cuts about 200 tech jobs, shifts more roles to AI
The company is not ruling out additional reductions across different functions over the next two years
1 day ago
MOH orders Cordlife to stop collecting new cord blood in fresh blow to company
Chloe Lim - It also cannot test, process or store new cord blood
1 day ago
Cordlife requests trading halt following MOH order to stop collecting new cord blood
Chloe Lim - It also cannot test, process or store new cord blood
1 day ago
Singapore overtakes Switzerland to claim top spot on global talent competitiveness index
Paige Lim - This is the city-state’s first time atop the annual ranking, after coming in second for the past three editions
1 day ago
Temasek-owned Pavilion Capital to join Seviora Group
Chloe Lim - Seviora CEO Gabriel Lim will take charge of the platform; Pavilion Capital CEO Tow Heng Tan will ‘support the integration’ until he...
1 day ago
Temasek-owned Pavilion Capital, Seviora to establish asset management group in Asia
Chloe Lim - Seviora CEO Gabriel Lim will take charge of the platform while Pavilion Capital CEO Tow Heng Tan will support the integration until...
1 day ago
Pavilion Capital to join Seviora Group, bringing Seviora’s AUM to $94 bil
Felicia Tan - Pavilion Capital, which is wholly-owned and funded by Temasek, will join Seviora Group, also a wholly-owned subsidiary of Temasek in building an Asia-based asset management group. The merged entity will raise Seviora’s combined assets under management (AUM) to US$72 billion ($94 billion) from US$6 ...
1 day ago
Citigroup hires Nomura, Wells Fargo traders in foreign-exchange business push across Asia
[SINGAPORE] Citigroup has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange business in Asia.
1 day ago
A fitting swansong for long-serving chief Hiew: help list Mapletree or merge it with CapitaLand
Leslie Yee - Lay the foundations for Mapletree’s next chapter and let retail investors own equity in itÂ
1 day ago
Uber, WeRide launch driverless robotaxis in Abu Dhabi
Uber Technologies rolled out driverless robotaxis in Abu Dhabi in partnership with Chinese autonomous-driving firm WeRide on Wednesday, following the tie-up they announced last year.Uber said Abu Dhabi is the first city outside the U.S. to host fully driverless operations on its platform. Passengers ...
1 day ago
SoftBank’s 40% slide since October underscores mounting worry over its giant OpenAI bet
Japanese tech investor leads AI selloff amid concerns over new pressure on OpenAI after Gemini 3.0 debut
1 day ago
Japan's Nikkei surges after Wall Street's gains
[TOKYO] Japan’s Nikkei share average surged on Wednesday (Nov 26), with tech stocks leading the charge in a broad-based rally after Wall...
1 day ago
Italy antitrust watchdog may curb Meta as WhatsApp AI probe widens
MILAN :Italy’s antitrust watchdog said it may impose interim measures on Meta as it widened a probe into whether the U.S. tech giant abused its dominance by blocking rival AI chatbots from its messaging service WhatsApp.The case underscores growing regulatory scrutiny of Big Tech’s push into ge ...
1 day ago
Italy broadens antitrust probe into Meta over AI tools in WhatsApp
MILAN :Italy's antitrust authority said on Wednesday it had broadened the scope of its investigation into Meta Platforms over allegations the company abused its dominant position through the use of its artificial intelligence tools on messaging service WhatsApp.The authority said the new WhatsA ...
1 day ago
Italy competition watchdog broadens probe into Meta over AI tools in WhatsApp
MILAN :Italy's antitrust authority said on Wednesday it has broadened the scope of its investigation into Meta Platforms over allegations the company abused its dominant position through the use of its artificial intelligence tool on messaging service WhatsApp.The Authority has also opened a pr ...
1 day ago
Security tangles raise the stakes for Thailand’s US tariff push
The US has temporarily halted trade talks with the kingdom, after Bangkok suspends Thai-Cambodia peace process
1 day ago
Malaysia’s data centre hub tightens approvals on water worries
Authorities seek to curb heavy water use that’s straining local supplies
1 day ago
Surgical tech firm UltraGreen.ai files for US$377.1 million IPO on SGX mainboard
Benjamin Cher - It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; this includes 5.9 million shares for a retail tranche in Singapore
1 day ago
Surgical tech firm UltraGreen.ai files for US$400 million IPO on SGX mainboard
Benjamin Cher - It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; this includes 5.9 million shares for a retail tranche in Singapore
1 day ago
Surgical tech firm UltraGreen.ai files for US$150 million IPO on SGX mainboard
Benjamin Cher - It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; this includes 5.9 million shares for a retail tranche in Singapore
1 day ago
Nvidia, Johnson & Johnson and LVMH among top future-ready companies: Study
More than 110 companies in the technology, pharmaceutical and fashion industries were ranked on how prepared they are for the future.
2 days ago
Tesla CEO Musk says Austin robotaxi fleet to double next month
Tesla Chief Executive Elon Musk said on Tuesday that the number of robotaxis in Austin, Texas, will double in December, following the rollout of its self-driving service in the city in June."The Tesla Robotaxi fleet in Austin should roughly double next month," Musk said in a post on X, whi ...