Entrepreneurship
Stellantis scraps US plug-in hybrid sales, citing weak demand
The automaker’s pullback comes as Detroit carmakers reassess electric-vehicle spending amid policy changes under US President Donald TrumpCHRYSLER parent Stellantis said on Friday (Jan 9) that it will stop...
OpenAI, SoftBank invest US$1 billion in SB Energy as Stargate buildout expands
The data centre construction boom has also prompted major players, including Meta Platforms[BENGALURU] OpenAI and SoftBank Group will invest US$500 million each in SB Energy to expand data centre...
Apple shares on pace to match longest losing streak since 1991
The company and other computer and device makers have been under pressure from rising prices for components such as memory chips[SAN FRANCISCO] Apple shares are on pace to tie...
Trafigura readies first Venezuelan oil ship as part of mega sale
Traders have been notifying US refiners to gauge interest for the oil, with sales expected to kick off on Monday[HOUSTON] Commodities trader Trafigura Group is getting ready to load...
Europe stocks close at record as Glencore jumps on Rio Tinto interest
Technology stocks led the advance in the Stoxx 600 on the day and logged their best week in nearly two years[BENGALURU] European shares ended on Friday (Jan 9) at...
S&P 500 notches record high close driven by Broadcom, other chipmakers
The S&P 500 is trading at about 22 times expected earnings, down from 23 in November[BENGALURU] The S&P 500 rallied to a record high close on Friday (Jan 9),...
Wall Street opens higher after jobs data; tariff ruling awaited
[NEW YORK] Wall Street’s main indexes opened slightly higher on Friday (Jan 9), as investors digested weaker-than-expected jobs data, while awaiting a Supreme Court ruling on US President Donald...
China’s GigaDevice Semiconductor locks top-end pricing in HK$4.68 billion Hong Kong listing
[HONG KONG] China’s GigaDevice Semiconductor has set an offer price of HK$162 per H share in its Hong Kong listing, raising HK$4.68 billion (S$772.5 million), according to an exchange...
China curbs rare earth exports to Japanese companies after dual-use ban
[BEIJING] China has begun restricting exports to Japanese companies of rare earths and powerful magnets containing them, the Wall Street Journal reported on Thursday (Jan 8), after Beijing banned...
Singapore stocks track regional gains; STI up 0.1%
Across the broader market, gainers edge out losers 289 to 236, with 1.3 billion securities worth S$1.5 billion changing hands[SINGAPORE] Singapore stocks ended higher on Friday (Jan 9) amid...
