News
Xiaomi rides fan base to EV profitability faster than Tesla
China’s mature EV supply chain helps Xiaomi to reach scale without needing heavy capital[BEIJING] Xiaomi parlayed its popularity with an existing customer base to rake in orders for its...
Hyundai to continue investing in US after immigration raid, says CEO
This is even after its workers were detained in an immigration raid at a plant it had a stake in[SINGAPORE] Automotive giant Hyundai’s plan to invest US$26 billion into...
Alpina to delist on Dec 4 as court sanctions joint offer by top execs, Savills Singapore
Scheme consideration comprises a payment of S$0.31 per share in cash and S$0.06 per share in cash by way of a special dividend[SINGAPORE] Integrated building services provider Alpina will...
Foreigners turn net sellers of Indonesian bonds on fiscal fears
Indonesia is now the only South-east Asian market seeing net foreign bond outflows this year[JAKARTA] Global funds have turned net sellers of Indonesian government bonds this year, as lingering...
Weak US dollar lowers net returns on investments, says Temasek chief
Hedging costs have risen, but rotating out of US equities ‘not easy”, adds executive director and CEO Dilhan Pillay[SINGAPORE] The US dollar’s recent weakness against major currencies such as...
Google DeepMind to open new AI research lab in Singapore
[SINGAPORE] Google DeepMind said on Wednesday (Nov 19) it is opening a new artificial intelligence research lab in Singapore that will focus on collaboration with governments, businesses, and academic...
Netgear accused by rival of China smear to fan security fear
The suit comes as TP-Link faces growing scrutiny in Washington over national-security issues[WASHINGTON] California-based TP-Link Systems says it may take a sales hit of more than US$1 billion because...
Gold steady as focus turns to Fed minutes, US jobs report
[BENGALURU] Gold prices were steady on Wednesday (Nov 19), as investors awaited minutes from the US Federal Reserve’s latest policy meeting and US jobs report that could shed more...
Bank Indonesia policy juggle makes rate moves harder to predict
The central bank has spurned market expectations at half of its 10 policy meetings so far this year[JAKARTA] Bank Indonesia’s (BI) balancing act between stability and growth has lately...
Stocks to watch: Singtel, LHN, Coliwoo
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 19): Singtel : The telco was hit by an outage on Tuesday,...
