Aztech Global's 3QFY2025 earnings down 21.2% y-o-y; secures more orders from broader customer base
The Edge Singapore - Manufacturing services provider Aztech Global has reported earnings of $10.8 million for its 3QFY205, down 21.2% y-o-y. Revenue in the same period was down 19.9% y-o-y to $133.5 million, along with lower demand from customers. The company says its bottom line was also weighed down by a higher effect ...
Waymo to launch autonomous ride-hailing service in London next year
Alphabet's Waymo plans to launch its fully driverless ride-hailing service in London in 2026, the robotaxi firm said on Wednesday, as it looks to expand its footprint to major international cities.Waymo has grown slowly but steadily over the years in the United States despite tough regulations ...
Port fees, cooking oil, export bans: How US-China trade tensions are ramping up and what it means
Shikhar Gupta - A Trump-Xi meeting is ‘78% likely’ before the end of October
Temasek-backed US fintech firm iCapital to expand Singapore, Hong Kong operations
Wong Chia Peck - It also plans to open its first office in Australia to ride the wave of rising demand for alternative assets
UK's Nscale to supply Microsoft with 200,000 Nvidia AI chips
British artificial intelligence group Nscale has signed an expanded agreement with Microsoft to deploy around 200,000 Nvidia AI chips across its data centers in Europe and the United States, it said on Wednesday.While Nscale did not disclose the financial terms of the agreement, the Financial Times, ...
UK's Nscale signs deal with Microsoft to supply 200,000 Nvidia AI chips
British AI group Nscale said on Wednesday it signed a deal with Microsoft to deliver a total of about 200,000 Nvidia AI chips.The Financial Times newspaper reported that Nscale's deal with Microsoft was worth up to $14 billion.
UK's Capita fined $19 million for 2023 cyber breach
-Capita has been fined 14 million pounds ($18.7 million) for failing to protect personal data during a 2023 cyber attack, the British outsourcing firm said on Wednesday, as part of a settlement with the UK's privacy watchdog.The settlement underscores rising regulatory pressure on UK firms hit ...
Tariffs, port fees, export bans: How US-China trade tensions are ramping up and what it means
Shikhar Gupta - Maybank says prediction markets are suggesting that a Trump-Xi meeting is ‘78% likely’ before the end of October
Tariffs, port fees and export controls: How US-China trade tensions are ramping up again
Shikhar Gupta - Maybank says prediction markets are suggesting that a Trump-Xi meeting is ‘78% likely’ before the end of October
Apple’s Tim Cook pledges more China investment despite Trump’s tariff threats
The country is Apple’s biggest market outside the US and remains a key manufacturing hub
IOI starts phased marketing of W Residences Marina View Singapore, from S$3,230 psf
Jessie Lim - Developer will release 100 units of the 638-unit branded residence project from Oct 25
Singapore’s manufacturing edge hinges on expertise, facilities and talent: Jeffrey Siow
Tessa Oh - The acting transport minister outlines three areas to prepare industries for the rapidly evolving future
Public transport fare hikes lower than expected, says DBS
DBS Group Research has kept its 'buy' call and $1.80 target price on ComfortDelGro after the Public Transport Council approved a 5% fare hike with effect from Dec 27, under its annual fare review exercise. The increase of 5% is lower versus 6% DBS had projected, and is also significantly b ...
Nissan to recall more than 173,000 US vehicles over fuel pump issue
-Nissan is recalling 173,301 vehicles in the United States due to a potential issue with blown fuel pump fuses that can cause engine stalling, the U.S. National Highway Traffic Safety Administration said on Wednesday.
Singapore firms’ AI ambitions outpace readiness as workers resist robot managers
Nurdianah Md Nur - Singapore businesses are charging ahead with artificial intelligence (AI) agents, but a stark divide is emerging between corporate ambition and employee acceptance, according to recent reports by Workday and Cisco. Although 79% of organisations in Singapore are already deploying AI agents, workers a ...
UK's Lendable launches first mobile plan by a fintech in Britain
(Refiles to remove extraneous word in paragraph 6)By Gianluca Lo NostroBritish consumer credit firm Lendable launched a monthly 20-pound mobile plan on Wednesday, the latest financial technology firm to expand into telecommunications to unlock new revenue streams.London-based Lendable, founded
Operating-cost disparity taken into account in setting fares for cross-border taxi services: MOT
Sharon See - The authorities will also identify more pick-up points in both Johor Bahru and Singapore for the convenience of commuters
Dollar slips as traders focus on Fed cut bets, risk sentiment improves
TOKYO & LONDON :The U.S. dollar slipped against a basket of peers on Wednesday after comments from Federal Reserve Chair Jerome Powell bolstered bets on a series of rate cuts in coming months, while a broader improvement in risk sentiment took the shine off the greenback.Francesco Pesole, FX str ...
Dollar's struggles deepen as traders focus on Fed cut bets
TOKYO :The U.S. dollar dropped against a basket of peers on Wednesday after comments from Federal Reserve Chair Jerome Powell bolstered bets on a series of rate cuts in coming months.The yen and Australian dollar were standout performers as each continued to recover from steep drops versus the green ...
ADB, World Bank launch Asean Power Grid financing programme, report says
KUALA LUMPUR :The Asian Development Bank and the World Bank have launched the ASEAN Power Grid (APG) Financing Initiative to support the development and integration of national power grids across the region, Malaysian state news agency Bernama reported on Wednesday. The ADB is set to commit $10 bill ...
Exclusive-Japan's Rakuten weighing US IPO of credit card business, sources say
TOKYO :Japanese e-commerce and finance heavyweight Rakuten is weighing an initial public offering in the United States of its credit card business, according to two sources familiar with the matter. Rakuten began considering a potential U.S. listing of one of Japan's largest credit card busines ...
Singapore home sales slow during quiet period for launches
Low De Wei / Bloomberg - Singapore’s new private home sales fell in September as developers held back on major project releases during a traditionally quiet period. Developers sold about 255 units in the month, according to data released Wednesday by the city’s Urban Redevelopment Authority. While that’s the lowest fi ...
Market sees higher ship refinancing amid conflicts between US and China
Tay Peck Gek - Likely beneficiaries of the spat are shipowners that are neither Chinese nor American, such as Singapore-based players
September new home sales fall to a low, but strong rebound expected in October
Chong Xin Wei - Developers sold 255 private homes in September, down 88.1% on month and 36.4% on year
Developers’ sales fall 36.4% year on year in September; fewer units launched in Hungry Ghost month
Chong Xin Wei - New sales activity has since picked up, with recent Skye at Holland launch achieving 99% take-up at average S$2,953 psf
Developers’ sales fall 36.4% year on year in September; fewer projects launched in Hungry Ghost month
Chong Xin Wei - New sales activity has since picked up, with recent launch Skye at Holland achieving 99% take-up at average S$2,953 psf
Latest Singapore 1-year T-bill cut-off yield drops to 1.35%
Deon Loke - Figure is down from the 1.68% offered in the auction for the previous one-year tranche in July
Vietnam targets annual growth of at least 10% for 2026-2030
HANOI :Vietnam is aiming to grow its economy by at least 10 per cent a year over the 2026-2030 period, according to a document prepared by the country's ruling Communist Party for its upcoming five-year congress, released on Wednesday. It is also aiming to bring gross domestic product per capit ...
ASML's third quarter bookings above estimates
ASML, the world's biggest supplier of computer chip-making equipment, on Wednesday reported third quarter bookings which were above market expectations.The Dutch group's net bookings, the most closely watched figure in the industry, were 5.40 billion euros in the third quarter of 2025, ver ...
India's Bharti Airtel partners with IBM to expand cloud services
India's second-largest telecom operator Bharti Airtel has partnered with IBM to offer the American tech firm's services through its recently launched cloud platform, the companies said on Wednesday as demand for computing capacity grows. Indian firms have been working to expand the availab ...
Data darkness in US spreads a global shadow
TOKYO/WASHINGTON :The U.S. government shutdown that has turned off the official flow of data could begin clouding the view for policymakers in Japan and other countries where insight into the fortunes of the world's biggest economy informs the outlook for their own currencies, trade performance ...
Foxconn sees limited impact from China rare earths curbs for now
The company has been riding the wave of the AI boom and reported earlier this month record third-quarter revenue
Coinbase backs India’s CoinDCX at US$2.45 billion valuation
Global crypto players are attempting to expand in India despite a punitive tax regime that has curtailed trading volumes
Asia: Markets rally as Fed cut hopes Trump trade war fears
STOCKS jumped on Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank...
