Entrepreneurship
China’s AI chip boom fuels rallies in Cambricon, Alibaba shares
The mainland’s chip-focused gauge, better known as Star50, now trades at 57 times forward earnings, above its five-year average of 41[HONG KONG] Chip manufacturers and cloud stocks are among...
French wine production hit by summer heat waves and wildfires
Output is projected to be 37.4 million hectolitres, down from an August estimate of as much as 42.5 million hectolitres[PARIS] France expects 2025 wine production to drop below the...
How does Tesla get to US$8.5 trillion value? Robots, robotaxis and hope
[SAN FRANCISCO] How can Tesla become an US$8.5 trillion company? That is the market valuation the electric vehicle maker would have to reach to justify CEO Elon Musk’s new...
CIMB Singapore CEO Victor Lee resigns; placed on gardening leave with immediate effect
The bank says it will announce its successors in due course; CFO to take charge in interim[SINGAPORE] Victor Lee has resigned from his roles as chief executive officer of...
Singapore must tap technology to ‘leapfrog’ regional peers in equity markets: Piyush Gupta
AI could be used in compliance and oversight, such as in distributed ledger technology which can reduce the cost of listings by automating filings[SINGAPORE] The Singapore equity market is...
India’s RBI cut US debt, bought gold even before Trump’s tariffs
Central banks have been boosting gold purchases to reduce their risks to the US dollar as global growth becomes more uncertain[MUMBAI] India’s central bank steadily reduced its purchases of...
Asia: Most markets rise on US rate hopes, Tokyo hits record
ASIAN markets mostly rose on Tuesday fuelled by optimism the Federal Reserve will slash interest rates this year, with gains led by a record high in Tokyo while gold...
MetaOptics surges 25% on Catalist trading debut
The company’s placement of 30 million shares at S$0.20 apiece has brought in S$6 million[SINGAPORE] Semiconductor optics company MetaOptics’ share price rose as much as 25 per cent on...
SGX-listed GS Holdings subsidiary to distribute Corona, Budweiser in Singapore
AB InBev’s Corona and Budweiser rank first and second in Most Valuable Global Brands report; Singapore beer market hit US$9.3 billion in 2024[SINGAPORE] Corona and Budweiser beers will be...
China’s PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
[BEIJING] China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and Hungary, the People’s Bank of China (PBOC) said...
