News
ESR-Reit Q3 NPI up 28.6% at S$247.8 million amid higher contributions from existing properties
Distributable income rises 6.8% year on year to S$134.6 million, from S$126 million[SINGAPORE] The manager of ESR Real Estate Investment Trust (ESR-Reit) on Wednesday (Oct 29) posted a 28.6...
Nvidia supplier SK Hynix posts record quarterly profit, meets forecasts
[SEOUL] South Korea’s SK Hynix posted on Wednesday a record quarterly profit, spurred by an artificial intelligence boom that has driven up demand for both advanced chips and conventional...
Oil falls 2% as investors weigh Russia sanctions, Opec+ output plans
[HOUSTON] Oil prices slipped about 2 per cent on Tuesday, marking a third straight day of declines as investors considered the impact of US sanctions against Russia’s two biggest oil companies on global...
News Analysis: Trade deal or trade truce? Questions remain as Trump meets with China’s Xi
WASHINGTON — President Trump faces the most important international meeting of his second term so far on Thursday: face-to-face negotiations with Xi Jinping, who has made China a formidable economic and...
Nvidia to invest US$1 billion in Nokia in AI networking push
Nvidia Corp. plans to make a US$1 billion equity investment in Nokia Oyj, an apparent vindication of the Finnish company’s pivot from mobile networking kit into artificial intelligence by...
Temasek-backed consortium to take China’s ANE private at HK$14.33 billion valuation
[SINGAPORE/HONG KONG] ANE (Cayman) said on Tuesday (Oct 28) a consortium comprising its largest shareholder, Singapore’s Temasek Holdings, Centurium Capital, and True Light have offered to take it private...
Uber to plan investments in Hong Kong listings of Pony AI, WeRide
UBER Technologies is planning to invest in the Hong Kong listings of Pony AI and WeRide, according to people familiar with the matter, deepening the ride-hailing giant’s ties with...
PayPal raises earnings guidance after announcing OpenAI deal
[NEW YORK] PayPal Holdings raised its full-year earnings guidance and announced a tie-up with OpenAI to embed its digital wallet into ChatGPT, sending its shares soaring in early New...
First Reit’s 9-month distributable income falls 6.1% to S$34.8 million
Its DPU for period is S$0.0165, a 7.3% decline from same period in the prior year[SINGAPORE] The manager of First Real Estate Investment Trust (Reit) reported a 6.1 per...
Bank of China delivers 5% gain in profit as margin stabilises
[BEIJING] Bank of China reported a 5 per cent increase in third-quarter profit, as the lender managed to stabilise its net interest margin despite mounting challenges from weakening credit...
