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Stocks to watch: UOB, Sembcorp, CICT, First Sponsor, Advanced Systems Automation, Moneymax
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jan 15): UOB : UOB has priced S$850 million in perpetual capital securities...
Germany cautions flights over Iran as Lufthansa rejigs Middle East operations
GERMANY issued a new directive cautioning the country’s airlines from entering Iranian airspace, Flightradar24 said on Wednesday, shortly after Lufthansa rejigged its flight operations across the Middle East amid...
Meta begins job cuts as it shifts from metaverse to AI devices
Reality Labs houses the company’s hardware and other futuristic product efforts[SAN FRANCISCO] Meta Platforms is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part...
TSMC likely to post fourth-quarter profit leap driven by AI boom
[TAIPEI] TSMC, the world’s largest manufacturer of advanced artificial intelligence chips, is expected to post a 28 per cent jump in fourth-quarter net profit to a record high on...
TSMC smashes forecasts with record profit, flags more US factories
Its results come as Taiwan signalled that a tariff deal with the US could come soon[TAIPEI] TSMC, the world’s main producer of advanced artificial intelligence chips, on Thursday (Jan...
Trump imposes 25% tariff on imports of some AI chips
US PRESIDENT Donald Trump on Wednesday imposed a 25 per cent tariff on certain AI chips, such as the Nvidia H200 AI processor and a similar semiconductor from AMD...
Europe’s Stoxx 600 ends at record high, lifted by healthcare, chemical stocks
EUROPEAN shares closed at a record high on Wednesday, buoyed by gains in chemicals and healthcare stocks, while investors also monitored the repercussions of simmering geopolitical tensions globally.The pan-European Stoxx 600...
Why is Meta laying off workers again?
Social media giant Meta said it’s cutting more than 1,000 workers and closing several content studios as it focuses its efforts on artificial intelligence-powered wearables such as smart glasses....
Wall Street slides at open as investors assess results from big banks
[NEW YORK] Wall Street’s main indexes fell at the open on Wednesday (Jan 14) as investors digested earnings from Bank of America and Citigroup, while retail sales and producer...
Baidu is said to explore upgrading HK listing to primary status
This will help it qualify for cross-border trading, opening up investment flows from the mainland to Hong Kong[HONG KONG] Baidu is considering upgrading its Hong Kong listing to primary...
