News
Nvidia storms past US$5 trillion valuation as AI boom powers meteoric rise
The milestone underscores the company’s transformation from a niche graphics-chip designer into the backbone of the global AI industry[NEW YORK] Nvidia made history on Wednesday (Oct 29) as the...
UBS Q3 profit beats expectations as investment banking rebounds, legal costs ease
[ZURICH] UBS Group profit beat expectations in the third quarter as investment banking revenue and lower-than-forecast legal costs boosted performance. The Zurich-based bank said net income was US$2.5 billion...
Mercedes beats margin forecasts as premium sales offset job-cut charges
[BERLIN/FRANKFURT] German carmaker Mercedes-Benz on Wednesday (Oct 29) reported stronger than expected margins at its core autos business as improved sales of premium models helped to offset one-off charges...
Vietnam boutique brands expand to Singapore amid rising demand
These labels, which do well among Singaporeans on their home turf, are setting up outlets to hawk trendy, affordable fashion[SINGAPORE] Along the first floor of Suntec City, a splash...
China blows past record for Europe car sales on hybrid, EV gains
The Asian nation’s latest plug-in hybrids offer long electric-only ranges, rapid charging and generous standard equipment at prices below European rivals[LONDON] Chinese carmakers posted their best month ever in...
Maybank upgrades OUE Reit to ‘buy’ amid lower cost of debt in Q3
[SINGAPORE] Analysts are positive on OUE Real Estate Investment Trust (Reit) on the back of its declining cost of debt in Q3 – with Maybank Securities equity analyst Krishna...
iX Biopharma raises gross proceeds of S$6.7 million from placement
The group intends to raise at least S$5 million from the exercise, with new shares issued at S$0.10 apiece[SINGAPORE] Singapore-based speciality pharmaceutical and nutraceutical company iX Biopharma raised gross...
Directors at beverage distributor Ascent Bridge quit, citing governance lapses; board rejects claims
A requisition for an extraordinary general meeting to oust these directors has been withdrawn[SINGAPORE] A boardroom battle at Ascent Bridge has culminated in the resignation of three independent directors,...
SGAG parent company Hepmil sold to French Publicis Groupe for undisclosed fee
Established in 2015, Hepmil has a network of over 3,000 creators with a total reach exceeding 1 billion in six South-east Asian markets[SINGAPORE] Advertising and public relations giant Publicis...
Fed to cut rates, but with no added signal
Federal funds futures indicate investors see a quarter-point cut as nearly a certainty[NEW YORK] Expectations are set for two things from this week’s US Federal Reserve meeting: Officials will...
