Hyundai Motor reports 31% drop in Q1 operating profit, meets forecasts
SEOUL: Hyundai Motor reported a 31 per cent drop in first-quarter operating profit on Thursday (Apr 23), meeting analysts' estimates, as weaker demand in the Middle East and a recall of its Palisade SUV weighed on earnings.Hyundai, which together with affiliate Kia Corp is the world's thir ...
Hyundai Motor posts Q1 profit drop, warns growing business headwind
SEOUL, April 23 : South Korea's Hyundai Motor on Thursday warned of growing business uncertainty due to the Middle East conflict after reporting a 31 per cent drop in first-quarter operating profit.Its cautious outlook comes after the automaker said earlier this month that its exports to Europe ...
Singapore Airlines deepens role at Air India amid record losses
Geopolitical disruptions have further inflated costs by forcing longer, more expensive routes at a time of surging jet fuel prices
Nokia beats first-quarter estimates as AI boom lifts sales again
April 23 : Nokia posted a bigger than expected rise in its quarterly comparable operating profit on Thursday, as the Finnish telecom gear maker continued to see high demand from artificial intelligence and cloud customers, booking orders worth 1 billion euros ($1.2 billion).Comparable operating prof ...
AI boom lifts Nokia sales, shares hit 16-year high after earnings beat
April 23 : Nokia raised the growth targets for its artificial intelligence business on Thursday, after the network gear maker beat market expectations for quarterly comparable operating profit, sending its shares to their highest level in 16 years..Comparable operating profit jumped 54 per cent to 2 ...
Besi orders boosted by demand for hybrid bonding tech
April 23 : BE Semiconductor Industries (BESI) on Thursday said its quarterly orders grew significantly in the first-quarter, helped by growth across all its markets and particularly strong demand for hybrid bonding. Investors are banking on growing orders for Besi's hybrid bonding solutions, a ...
Besi posts higher bookings in first-quarter, as AI boosts demand for hybrid bonding tech
April 23 : BE Semiconductor Industries (BESI) on Thursday reported quarterly orders above last year's level, reflecting growth across all its markets and particularly strong demand for hybrid bonding. Investors are banking on growing orders for Besi's hybrid bonding solutions, a chip techn ...
Besi reports first-quarter bookings above last year
April 23 : BE Semiconductor Industries (BESI) on Thursday reported quarterly orders above last year's level, reflecting growth across all its markets.Besi reported orders of 269.7 million euros ($315.5 million)for the first-quarter, up from 131.9 million euros a year earlier."Favorable ord ...
Dassault Systemes reports first-quarter revenue in line with estimates
April 23 : French software maker Dassault Systemes on Thursday reported first-quarter revenue of 1.51 billion euros ($1.77 billion), in line with estimates, helped by strong demand for its 3DExperience and Cloud businesses.Hit by a prolonged slowdown in the global auto industry, Dassault Systemes, w ...
Dassault Systemes reports first-quarter results in line with estimates
April 23 : French software maker Dassault Systemes on Thursday reported first-quarter revenue of 1.51 billion euros ($1.77 billion), in line with estimates, helped by strong sales by its 3DExperience and Cloud businesses.Revenue fell 4 per cent on a constant-currency basis from a year earlier, while ...
Singapore’s core inflation inches up to 1.7% in March; headline inflation at 1.8%
Paige Lim - This was in line with private-sector economists estimates
Exclusive-SpaceX targets in-house GPUs as it warns investors of chip supply, costs
NEW YORK, April 23 : SpaceX may be tackling one of the biggest challenges in the chip business: manufacturing the keys to powering artificial intelligence called graphics processing units, or GPUs.Ahead of SpaceX's $1.75 trillion IPO expected this summer, the company has warned prospective inve ...
Indonesia central bank commits to more intense currency intervention as rupiah hits new record low
The currency has also been under pressure as a result of concerns about the country’s fiscal sustainability
Bank Indonesia vows to ramp up rupiah defence as it sinks to record low
The currency is down 3.6% so far this year
Inside Indonesia’s trial of Gojek founder: How a Google laptop deal became a multi-billion-rupiah case
Elisa Valenta - Nadiem Makarim has consistently denied any wrongdoing
Google Cloud's security chief says context, not AI models, is the ‘real cyber defence superpower’
Nurdianah Md Nur - For years, cybersecurity has been framed as a losing game for defenders, with cyber attackers needing only one way in. Francis deSouza, chief operating officer and president of Security Products at Google Cloud, says that assumption is starting to break down. Cyber defenders, he says, already hold a ...
China's Xpeng expects to start delivering 'flying' cars in 2027
The Chinese electric vehicle maker has received more than 7,000 orders for its flying cars, the majority of which are in China.
India rate panel stood pat to avoid erring on Iran war uncertainty, minutes show
The RBI’s inflation target stands at 4%, with a tolerance band of 2% to 6%
Foreign investors buy Japan stocks on US-Iran peace hopes, AI rally
April 23 : Japanese stocks attracted significant foreign investor inflows in the week through April 18, driven by a rally in artificial intelligence‑related stocks as risk sentiment improved on hopes of a resolution to the Middle East conflict.Foreigners bought a net 2.38 trillion yen ($14.92 bill ...
Starbucks hunts for another tech office, including abroad
The coffee chain is looking at cutting about US$2 billion in costs while also hiring more store workers and renovating its cafes
Microsoft commits A$25 billion to build Australian AI capacity
The company and its US cloud computing peers plan to spend about US$650 billion this year
Saudi Arabia, Philippines to join JPMorgan emerging market bond index in 2027
The inclusion will cover Saudi riyal-denominated sovereign sukuk and Philippine peso-denominated government bonds
Asian shares pull back from record highs as oil gains on Iran war risk
Japan, South Korea, Taiwan stock indexes hit new highs before falling
Asian shares track Wall Street to record highs but higher oil prices from Gulf shipping woes a risk
S&P, Nasdaq close at records on Iran ceasefire extension, earnings
Asian shares track Wall Street to record highs but higher oil prices a risk
Markets in Japan, South Korea and Taiwan vaulted to record highs for a second day, with the Nikkei topping the 60,000 mark.
Intel lands Tesla as first major customer for 14A chip technology
The chipmaker has previously said that it was in discussions with large customers about 14A
Nanofilm shares jump as much as 24.5% on increased revenue, profit margin
Shikhar Gupta - The company posts a 24% year-on-year increase in recognised revenue to S$55 million for Q1
Nanofilm shares jump 40.2% on increased revenue, profit margin
Shikhar Gupta - The company posts a 24% year-on-year rise in recognised revenue to S$55 million for Q1
Nanofilm shares jump as much as 39.2% on increased revenue, profit margin
Shikhar Gupta - The company posts a 24% year-on-year rise in recognised revenue to S$55 million for Q1
Nanofilm shares jump as much as 32.4% on increased revenue, profit margin
Shikhar Gupta - The company posts a 24% year-on-year rise in recognised revenue to S$55 million for Q1
Keppel posts slightly lower Q1 profit, says little impact from Middle East conflict so far
Singapore's Keppel Ltd posted a slight drop in its first-quarter net profit on Thursday (Apr 23), excluding the non-core portfolio for divestment and discontinued operations, hurt by lower contribution from its real estate division.The company said better results from infrastructure and connect ...
TSMC shows smaller, faster chips without a pricey new tool from ASML
The global giant makes chips for Nvidia, Apple and Google
MBS Ebitda jumps 30.2% to new Q1 high of US$788 million on ‘high-quality investment’, ‘high-value tourism’
Elysia Tan - Parent company LVS’ consolidated adjusted property Ebitda climbs to US$1.4 billion
MBS profit jumps 30.2% to new Q1 high of US$788 million on ‘high-quality investment’, ‘high-value tourism’
Elysia Tan - Parent company LVS’ consolidated adjusted property Ebitda climbs to US$1.4 billion
