Entrepreneurship
Google planning powerful AI data centre on tiny Australian Indian Ocean outpost
Data centre could support AI-enabled military command and control node, expert says[SYDNEY] Google plans to build a large artificial intelligence data centre on Australia’s remote Indian Ocean outpost of...
Maersk lifts full-year profit guidance range, posts Q3 profit above forecast
[COPENHAGEN] Shipping group AP Moller-Maersk on Thursday (Nov 6) reported third-quarter operating profit above expectations and raised the lower end of its full-year profit forecast.Maersk said underlying earnings before...
Australia’s NAB CEO says housing is greatest societal challenge as bank books A$7.09 billion profit
NAB and the rest of Australia’s ‘Big Four’ banks rely heavily on the strength of the housing market[SYDNEY] National Australia Bank (NAB) chief executive Andrew Irvine said Australia needs...
Malaysia’s central bank holds key rate at 2.75%, as expected
[KUALA LUMPUR] Malaysia’s central bank held its benchmark interest rate steady at its final policy review of the year on Thursday (Nov 6), as expected by economists, amid subdued...
Malaysia holds key rate as economy proves resilient to tariffs
Standing pat gives the central bank room to act decisively if conditions worsen next yearMALAYSIA kept interest rates unchanged as the central bank remained confident that the economy can...
Japan, US consider rare earth mining near Minamitori in Pacific: PM Takaichi
If the initial tests are successful, the project aims to launch trial operations of a system capable of recovering 350 tonnes of mud per day from January 2027[TOKYO] Japan...
Japan’s trading houses brace for more pain from China steel glut
The industrial metal is trading significantly above the US$9,900 per tonne that Marubeni is forecasting as its average for the next six months[TOKYO] Japan’s major trading houses are facing...
China’s robotaxi firms Pony.AI and WeRide sink on Hong Kong debut
SHARES in Chinese self-driving start-ups Pony.AI and WeRide tumbled on their Hong Kong debuts on Thursday, after raising more than US$1.1 billion, with experts warning China is not yet...
UOB’s nearly S$1 billion in extra allowances akin to ‘buying insurance’: CEO Wee Ee Cheong
[SINGAPORE] UOB’s decision to increase allowances by almost S$1 billion – which led net profit to tumble by more than two thirds – for the latest quarter is “very...
Nissan sells Yokohama headquarters for 97 billion yen as part of restructuring
[TOKYO] Nissan Motor said on Thursday it has concluded a 97 billion yen (S$840 million) trust beneficiary rights transfer agreement to sell and leaseback its global headquarters in Yokohama,...
