News
Amara surges 27% to all-time high on privatisation offer
The S$0.895 offer represents a 33% premium over the company’s net asset value per share as at end-December 2024[SINGAPORE] Shares of hotel group Amara soared shortly after the market...
Trump to tout US investments from Nvidia, J&J, Hyundai, Toyota
[WASHINGTON] CEOs and senior executives from Nvidia, Johnson & Johnson, Hyundai Motor, Toyota Motor, and SoftBank Group are among the more than two-dozen business leaders slated to visit the...
UOI Q1 profit before tax dips 3% to S$7.8 million on lower non-underwriting income
The fall is attributed to lower non-underwriting income, which dropped 12% to S$3.7 million[SINGAPORE] United Overseas Insurance (UOI), the general insurance arm of UOB, posted a profit before tax...
IBM to invest US$150 billion in US over next five years to aid quantum push
[BENGALURU] IBM will invest US$150 billion in the US, including on facilities for quantum computer production, over the next five years, the latest American technology company to back the...
Alibaba rolls out latest flagship AI model in post-DeepSeek race
[BEIJING] Alibaba Group Holding took the wraps off a new version of its flagship Qwen AI model, sustaining the breakneck pace of development that’s characterised China’s artificial intelligence (AI)...
Brent crude oil prices drop on demand fears
[HOUSTON] Brent crude oil prices fell more than US$1 a barrel on Monday morning as economic worries from the US-China trade war were pressuring demand.Brent crude futures settled at US$65.86 a...
XPeng Motors: A car company that doesn’t really want to be one in the first place
[HONG KONG] Right before He Xiaopeng went on stage to launch the 2025 XPeng X9 car, he battled what he called a “miserable” cold.“I slept for 30 out of...
US: Stocks open higher as busy week for earnings, data kicks off
Published Mon, Apr 28, 2025 · 09:47 PM[new york] Wall Street’s main indexes opened slightly higher on Monday (Apr 28), as investors braced for a week packed with key...
China’s Sinopec partners with Saudi Aramco’s unit in 28.8 billion yuan JV
Published Mon, Apr 28, 2025 · 08:32 PM[BENGALURU] China’s state-run Sinopec said on Monday (Apr 28) it had signed an agreement with a unit of Saudi Aramco to establish...
First Sponsor reports subdued market sentiments affecting China property development in Q1 2025
It remains cautiously optimistic that government support this year will contribute to gradual market recovery in country[SINGAPORE] First Sponsor reported that weak market sentiments in the first quarter of...
