IBM shares fall as cloud slowdown triggers investor anxiety
IBM shares dropped nearly 7 per cent in premarket trading on Thursday after a decline in growth in its core cloud software segment spooked investors over Big Blue's ability to seize the booming demand for cloud services.Sluggish expansion in IBM's cloud business, a unit of its software seg ...
Singapore stocks rise as regional markets end mixed; STI up 0.5%
Navene Elangovan - Yangzijiang Shipbuilding is the biggest gainer on the index
Leveraging tech is the way forward for entrepreneurs in a volatile future: EY’s Liew
In this new world order, business leaders will have to reinvent their operating models and practices that were built for a linear world, notes Liew Nam Soon, EY Asia East deputy regional managing partner, Asean managing partner, and Singapore and Brunei managing partner at Ernst & Young Solution ...
Patrick Cheo leads Adam Khoo Learning Technologies Group into its next chapter
Douglas Toh - Schoolmates Adam Khoo and Patrick Cheo founded Adam Khoo Learning Technologies Group (AKLTG) in 2002 with just $8,000 in seed capital as a modest training company. By 2024, the group had expanded to include financial education in its portfolio, reporting revenue of approximately $25 million. Aktivat ...
Wee Hur tops 5 bids with S$613.9 million or S$1,062 psf ppr bid for Upper Thomson condo site
Ry-Anne Lim - Interest in the tender follows strong take-up at Springleaf Residence being built next door
Wee Hur tops 5 bids with S$613.9 million or S$1,062 psf ppr offer for Upper Thomson condo site
Ry-Anne Lim - Interest in the tender follows strong take-up at Springleaf Residence being built next door
HMI Medical CEO prescribes shared purpose as the best medicine for growth
Nurdianah Md Nur - When Chin Wei Jia learned she had been named EY’s Entrepreneur of the Year for Healthcare in 2025, her first reaction wasn’t celebration. It was humility. “I was pleasantly surprised, but the award isn’t just about the person. It belongs to our team of doctors, nurses, healthcare professiona ...
Wall Street bonuses expected to hit record as bank profits surge
[NEW YORK] The Wall Street bonus pool is expected to break records this year if current trends continue, as big banks reap...
Kelvin Lim takes LHN from timber sheds to trendy pads
Samantha Chiew - Kelvin Lim’s journey looks like a time-lapse video of the development of Singapore’s property sector. It begins with timber sheds, transitions to urban resettlement, accelerates to a master-leasing deal, and concludes with co-living studios where you can check in using a mobile app. Along the wa ...
From duty to vocation: How Worldwide Hotels Group’s Carolyn Choo redefined accessible hospitality
Felicia Tan - Going into the hospitality industry was not something Carolyn Choo, CEO and managing director of Worldwide Hotels, had in mind when she graduated. However, in late 2002, when the first cases of the SARS outbreak emerged, Choo was asked to join the family business after spending three years in commer ...
Thai Huong: Building an ecosystem for public health
The Edge Singapore - As a businesswoman, Thai Huong holds a list of titles across a handful of organisations. The 67-year-old is founder and chairwoman of the strategic council of the privately owned TH Group, a Vietnamese food and beverage giant; she is also vice chair and general director of North Asia Commercial Join ...
HMI Medical builds a future of patient-centric care rooted in family values
Nurdianah Md Nur - Patient-centric care means respecting individual patients’ preferences, needs and values while ensuring clinical decisions are guided by those values. It requires providing care that is respectful, coordinated, and tailored to each person’s unique circumstances. This is a shift from one-size-fit ...
Google plans multimillion pound investment in e-commerce firm THG Ingenuity, Sky News reports
Alphabet's Google has agreed to invest in an instrument that could convert into an equity stake in THG Ingenuity, the demerged arm of British e-commerce firm THG, at a valuation of 750 million pounds ($1.01 billion) or more, Sky News reported on Thursday citing sources.Reuters could not immed ...
Musk hijacks Tesla earnings call to pitch US$1 trillion pay plan
Shareholders will vote on the pay package at Tesla’s annual meeting on Nov 6
STMicro names new Italian board members, defusing tension with Rome
ROME :STMicroelectronics announced on Thursday the appointment of two new Italian members of its supervisory board, signalling that Italy and France were moving to settle their differences over the chip maker's governance.The group, in which the French and Italian governments indirectly own a c ...
Lloyds bank says profits shrink on bad car loans
Profit after tax dropped 14% to £2.9 billion in the first nine months of the year
Dollar edges up ahead of CPI and yen slips
LONDON/TOKYO :The dollar drifted higher against most peers, particularly the Japanese yen, on Thursday as traders waited for the delayed release of U.S. consumer inflation data on Friday and digested trade threats between Washington and Beijing.The U.S. currency was last up 0.38 per cent on the yen ...
Yen slides, dollar gains broadly ahead of CPI data
LONDON/TOKYO :The dollar drifted higher against most peers, particularly the yen, on Thursday as traders waited for the delayed release of U.S. consumer inflation data on Friday and digested trade threats between Washington and Beijing.The U.S. currency was last up 0.5 per cent on the yen at 152.69 ...
Yen slides as traders eye new US sanctions, dollar up ahead of CPI data
NEW YORK/LONDON :The dollar drifted higher against most peers, particularly the yen, on Thursday as traders waited for the delayed release of U.S. consumer inflation data on Friday and weighed fresh U.S. sanctions on Russian oil companies, which boosted oil prices. The U.S. currency was last up 0.45 ...
Singapore aims to be ‘trusted enabler’ of quantum innovation: Josephine Teo
Young Zhan Heng - The minister notes that the Republic is moving from theory to application when it comes to quantum computing
Nokia CEO compares AI surge to 1990s internet boom, but plays down bubble fears
-Nokia's CEO Justin Hotard said artificial intelligence is driving a long-term growth trend that resembles the internet boom of the 1990s, but downplayed concerns about a potential bubble.Hotard's remarks come amid growing debate over whether the surge in AI investment is sustainable." ...
PacificLight appoints Mitsubishi Power and Jurong Engineering to build S$1 billion hydrogen-ready power plant
Shikhar Gupta - The consortium will develop the combined cycle gas turbine facility by 2029
Nexperia’s China unit resumes chip sales to domestic distributors, requires renminbi-only payments: sources
The chipmaker is seeking chip packaging partners outside China as the dispute drags on
Cat A COE eases to S$122,000, ending streak of record highs
Renald Yeo - Most of the other categories also dip in October’s second bidding exercise
BOJ sees signs of overheating in Japan's stock market
TOKYO: Japan's stock market is showing early signs of overheating, the central bank said on Thursday (Oct 23), warning of the risk that uncertainty over US trade policy could cause sharp corrections and hit financial institutions.The Nikkei stock index closed at a record high on Tuesday after S ...
Nokia profit surges past estimates on network growth
It reported 435 million euros in adjusted operating profit for the quarter
Japan's top union group seeks 5% wage hike despite US tariffs
TOKYO: Japan's largest labour union group said on Thursday (Oct 23) it would seek wage hikes of 5 per cent or more in 2026, aiming for bumper pay raises for the fourth consecutive year to counter inflation despite headwinds from US tariffs.The 5 per cent increase is the same as what Rengo, a 7 ...
What to expect from the banks’ 3Q results
Goola Warden - The backdrop to the local banks’ 3QFY2025 results is likely to be the continued decline in the three-month compounded Singapore Overnight Rate Average (Sora), which fell from 2.06% as of end-June to 1.457% as of Sept 30. Since then, the three-month compounded Sora has dipped to 1.3958% (as of Oct ...
Morningstar raises Pop Mart target price by 17% after 3QFY2025 revenue surges 250% y-o-y
Jovi Ho - Morningstar Equity Research analyst Jeff Zhang has raised his fair value estimate on Hong Kong-listed Pop Mart International to HK$280 ($46.81) from HK$240, reflecting stronger long-term revenue assumptions following the release of its results for 3QFY2025 ended Sept 30. Pop Mart saw revenue surge b ...
Renault Q3 revenue rises on car sales, finance arm
Third-quarter revenue rose to11.4 billion euros
Tesla recalls 63,619 Cybertrucks over lighting defect, issues software fix
Tesla is recalling 63,619 Cybertruck vehicles due to a software issue that causes the front parking lights to exceed allowable brightness levels, potentially impairing the vision of oncoming drivers, the U.S. auto regulator said on Thursday.Tesla has released an over-the-air software update to corre ...
Tesla to recall over 63,000 Cybertrucks on parking light issue
Tesla is recalling 63,619 Cybertruck vehicles in the U.S. as parking lights that are too bright can reduce visibility of oncoming drivers, increasing the risk of a crash., the U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday.Tesla released an over-the-air software update, ...
Tesla recalls over 63,000 Cybertrucks over lighting defect, issues software fix
Tesla said on Thursday it is recalling 63,619 Cybertrucks over software that makes the front parking lights too bright, potentially impairing oncoming drivers' vision.It said an over-the-air software update has been released to the fix the issue at no charge for the Cybertrucks built between No ...
Volvo car profit unexpectedly rises on cost-cutting success
Operating income rose to 6.4 billion kronor, well above analysts projections
