News
ComfortDelGro and Hello Robotaxi partner on robotaxi deployment in China, overseas markets
The venture will focus on deploying and managing Robotaxi services via ComfortDelGro’s point-to-point operations[SINGAPORE] Transport company ComfortDelGro announced on Tuesday (Nov 25) that its subsidiary, ComfortDelGro (China), has inked...
Alibaba revenue tops estimates with strong instant retail, AI push
The company’s results come against the backdrop of a costly battle in China’s ‘instant retail’ sector[SHANGHAI] Chinese e-commerce giant Alibaba beat analysts’ quarterly revenue estimates on Tuesday (Nov 25)...
Amova announces two new funds with focus on SGX small and mid-cap stocks
This announcement is part of MAS’ EQDP, which aims to revitalise the local bourse[SINGAPORE] Amova Asset Management, formerly Nikko Asset Management, announced that it will be launching two new...
ECB reviews claims Deutsche Bank downplayed financial risks
It underplayed risks in its balance sheet and gave misleading picture of its financial health[BRUSSELS] The European Central Bank is examining claims that Deutsche Bank underplayed risks in its...
Xiaomi founder Lei Jun’s HK$100 million share purchase sparks stock rebound
[HONG KONG] Xiaomi founder Lei Jun’s purchase of about HK$100 million (S$16.8 million) worth of company stock may help bolster sentiment in the smartphone maker after shares tumbled more...
Sri Trang Gloves’ production facilities in flood-hit areas in Thailand temporarily suspended
The dual-listed group says it is working to ensure that operations continue with minimal business impact[SINGAPORE] Sri Trang Gloves said on Tuesday (Nov 25) that its manufacturing facilities in...
OCBC’s Lion Global Investors launches Singapore’s first insured physical gold fund
It seeks to track the performance of London Bullion Market Association Gold Price AM [SINGAPORE] OCBC’s Lion Global Investors announced on Tuesday (Nov 25) the launch of the first...
CDL to sell Osaka hotel for 14 billion yen to Blackstone funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts [SINGAPORE] City Developments Limited (CDL) is proposing to divest a hotel in Osaka, Japan,...
Philippines mulls rate cut to spur demand after scandal hit
[MANILA] The Philippine central bank will consider another reduction in the benchmark interest rate next month to help spur demand, its top official said, after the economy was hit...
WeRide trims losses as China’s robotaxi race gains momentum
The company currently holds autonomous driving permits in eight countries, the most out of all robotaxi players in the region[HONG KONG] WeRide narrowed its third-quarter net loss on increased...
