Entrepreneurship
Chip shortage lingers as Honda to halt output in Japan, China
HONDA Motor will halt production at plants in Japan and China in coming weeks, highlighting the lingering fallout of the global chip shortage.The Japanese carmaker will suspend output in...
Coinbase announces entry into prediction markets, stocks
COINBASE Global has announced its entry into prediction markets and equities trading.The biggest crypto exchange in the US said on Wednesday it’s starting to roll out both services, which...
Review of Optus emergency calls outage finds process, accountability gaps in Singtel unit
[SINGAPORE] An independent review into Optus’ major September outage has uncovered gaps in process, accountability and escalation and information protocols. Two people died as a result of the Sep...
Pop Mart’s 40% stock rout shows growing worry over Labubu crash
Concerns remain whether Labubu is a durable long-term character or a fashion trendLABUBU mania appears to be ebbing as quickly as it surged, driving a roughly 40 per cent...
Micron surges as global memory chip shortage boosts profit forecast
It is set to add over US$30 billion to its market capitalisation, if premarket gains holdMICRON Technology shares rose nearly 14 per cent in premarket trading on Thursday (Dec...
Micron forecasts blowout earnings on booming AI market, shares rise 5.7%
MICRON Technology forecast second-quarter adjusted profit at nearly double what Wall Street analysts expected on Wednesday, buoyed by soaring prices for memory chips spurred by tight supplies and booming...
Wall Street subdued at open as investors eye policy outlook; Oracle slides
[NEW YORK] Wall Street’s main indexes were subdued at the open on Wednesday (Dec 17) as investors searched for fresh clues to gauge the outlook for monetary policy, while...
HG Metal subsidiary to buy industrial property in Tuas for S$20.8 million
[SINGAPORE] A unit of steel distributor HG Metal Manufacturing has exercised an option to purchase (OTP) to acquire an industrial property in Tuas for S$20.8 million, a move that...
Volkswagen budget cuts force battery unit to seek external funds
PowerCo is considering bank loans, external investors and a potential public offering [FRANKFURT] Volkswagen’s battery business is being forced to seek external financing after the German carmaker cut its...
Hong Kong’s financial resurgence fuelled by surge of offshore wealth
Strong net fund inflows of HK$7 trillion brought the city’s managed assets back up to HK$35.1 trillion at the end of 2024[HONG KONG] The turnaround in Hong Kong’s financial...
