News

China’s Baidu says its Kunlun chip cluster can train DeepSeek-like models
Published Fri, Apr 25, 2025 · 02:22 PM[BEIJING/SHANGHAI] China’s Baidu has successfully “illuminated” a cluster comprising 30,000 of its self-developed, third-generation P800 Kunlun chips, which can support the training...
Keppel Infrastructure Trust downgraded to ‘hold’; Mapletree Logistics Trust ‘buy’ call maintained: DBS
[SINGAPORE] Analysts from DBS Group Research are mixed on some real estate investment trusts (Reits) this earnings season – where they have kept their “buy” rating on logistics-focused Mapletree...
HSBC launches wealth centre at Star Vista, seeks to deepen local wealth banking network
[SINGAPORE] HSBC Singapore has launched its newest wealth centre in Singapore at The Star Vista mall in Buona Vista, marking the second of three planned sites as the bank...
Hongkong Land to sell 147,025 sq ft of One Exchange to HKEX, launch share buyback programme
[SINGAPORE] Property group Hongkong Land will sell 147,025 square feet (sq ft) of One Exchange Square to Hong Kong’s stock exchange operator for HK$6.3 billion (S$1.1 billion) and launch...
Hongkong Land to sell 147,025 sq ft of One Exchange to HKEX, and launch share buyback programme
[SINGAPORE] Property group Hongkong Land will sell 147,025 square feet (sq ft) of One Exchange Square to Hong Kong’s stock exchange operator for HK$6.3 billion (S$1.1 billion), and launch...
Southwest CEO says US airline industry is already in a recession
The Dallas-based carrier is more dependent on domestic leisure travellers for revenue than US peers with more extensive international operations and corporate business clientsPublished Fri, Apr 25, 2025 ·...
JD.com’s delivery clash with Meituan may worsen US$70 billion rout
[HONG KONG] While much of the world is focused on a volatile international trade war, two of China’s largest Internet companies are inflicting greater damage on each other at...
Bank of Japan’s Ueda keeps rate-hike pledge but warns of US tariff impact
[WASHINGTON] Bank of Japan (BOJ) governor Kazuo Ueda said on Thursday (Apr 24) that the central bank will continue to raise interest rates if underlying inflation converges towards its...
Intel delivers disappointing forecast, moves to slash jobs
[SAN FRANCISCO] Intel, the chipmaker attempting a comeback under new chief executive officer Tan Lip-Bu, gave a weak forecast for the current period and said it’s cutting workers to...
Europe: Stoxx 600 up as automakers, materials gain; Trump policy shifts in focus
[BENGALURU] European shares ended higher on Thursday (Apr 24), boosted by automakers and materials stocks, as investors digested a mixed set of corporate earnings and evaluated the ever-shifting US...
US: S&P 500 edges higher with trade negotiations, earnings in focus
Published Thu, Apr 24, 2025 · 09:48 PM[NEW YORK] The S&P 500 edged up at the open on Thursday (Apr 24), as investors assessed a bevy of mixed corporate...
Hong Kong bourse operator to shift headquarters in US$812 million deal
Published Thu, Apr 24, 2025 · 07:56 PM[HONG KONG] Hong Kong’s bourse operator will shift its headquarters, it said on Thursday (Apr 24) and will take over the top...