News
Porsche shutters three units as new CEO makes first job cuts
Published Fri, May 8, 2026 · 10:07 PMPORSCHE AG is closing three of its non-car-making units, with chief executive officer Michael Leiters cutting headcount for the first time to...
Sony, Nintendo grapple with memory price surge as AI boom constrains supply
Published Fri, May 8, 2026 · 06:59 PM[TOKYO] Nintendo and Sony both flagged the impact from surging memory prices on their games businesses on Friday (May 8), as the artificial intelligence...
SBS Transit Q1 profit slips 2.2% to S$15.6 million despite ridership gains
[SINGAPORE] Transport operator SBS Transit on Friday (May 8) posted a 2.2 per cent decline in net profit to S$15.6 million, from S$15.9 million in the year-ago period.The group...
US hybrid-car sales soar, along with petrol prices
Hybrids are generally less expensive than EVs and there are more models to choose fromPublished Fri, May 8, 2026 · 06:44 PMMANY American car buyers are gravitating to hybrid...
Iran uncertainty, credit costs in focus for UOB as analysts stay cautious with ‘hold’ ratings
This comes even after the lender’s Q1 profit beat consensus estimates by around 3%[SINGAPORE] Analysts have kept their “hold” ratings on UOB, citing concerns over costs and asset-quality risks...
Baidu’s AI chip unit plans dual IPO in Shanghai and Hong Kong
The semiconductor company is working with China International Capital on the listing in the mainland Chinese cityPublished Fri, May 8, 2026 · 04:53 PM[SHANGHAI] Baidu’s chip unit Kunlunxin is...
Nintendo plans Switch 2 price increase as outlook disappoints
Published Fri, May 8, 2026 · 04:24 PMNINTENDO said it will increase the price of its Switch 2 console to US$500 from US$450, acknowledging pressure on profitability of its...
Toyota sees 20% drop in annual profit as Iran war weighs
The world’s top-selling automaker expects an operating income of 3 trillion yen in the year to March 2027Published Fri, May 8, 2026 · 02:21 PM — Updated Fri, May...
Freeport Indonesia pushes back Grasberg copper restart by a year
Prices for the metal have surged to a record in January on a wave of speculative buyingPublished Fri, May 8, 2026 · 12:36 PM[LONDON] Freeport Indonesia pushed back the...
Converse CEO promises staff his plan will work as sales tumble
As the company’s challenges deepen, questions have swirled about whether Nike will keep it in the fold Published Fri, May 8, 2026 · 10:16 AM[NEW YORK] After layoffs and...
Gold steady as US-Iran clashes dim truce prospects in Middle East
Higher rates and a stronger US currency are negative for bullion as it pays no interest and is priced in the greenbackPublished Fri, May 8, 2026 · 09:26 AM[SINGAPORE]...
Coinbase logs second straight quarterly loss as crypto trading momentum fades
Digital assets have lost their portfolio-hedge appeal, increasingly tracking broader financial markets and curbing cross-asset inflowsPublished Fri, May 8, 2026 · 09:11 AM[BENGALURU] Cryptocurrency exchange Coinbase Global on Thursday...