Business
Hyundai Motor forecasts slowing revenue growth in 2025 after Q4 miss
SOUTH Korea’s Hyundai Motor expected on Thursday (Jan 23) its 2025 sales growth would halve due to softening vehicle demand and rising…
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Business
Business
Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025
SOUTH Korea’s Hyundai Motor said on Thursday (Jan 23) it is in talks with General Motors to supply commercial electric vehicles to its US…
Business
Taiwan’s HTC to sell part of XR unit to Google for US$250 million
TAIWAN’S HTC said on Thursday (Jan 23) it will sell part of its unit for extended reality (XR) headsets and glasses to Google for US$250…
Business
JPMorgan plans major revamp of Madison Avenue skyscraper
JPMORGAN Chase is planning a renovation of its old headquarters building at 383 Madison Avenue and will use the space to house…
Business
JPMorgan plans major revamp of Manhattan’s Madison Avenue skyscraper
JPMORGAN Chase is planning a renovation of its old headquarters building at 383 Madison Avenue and will use the space to house…
Business
SoftBank, OpenAI plan US$19 billion each for Stargate: report
SOFTBANK Group and OpenAI each plan to commit US$19 billion of capital to Stargate, the US$100 billion US artificial intelligence (AI)…
Business
Barclays sees heightened competition in India from Japan banks
A RENEWED push by Japan’s biggest banks and other global lenders in India is driving down loan prices with the new players having more…
Business
Shareholders of Australian apparel retailers Myer, Premier approve merger
SHAREHOLDERS of Australian apparel retail firms Myer and Premier Investments approved on Thursday the merger of the latter’s apparel…
Business
JPMorgan, Goldman CEOs resist calls to roll back DEI programmes
JPMORGAN Chase and Goldman Sachs are pushing back on demands to roll back their diversity initiatives. In television appearances on…
Business
Ley Choon surges 15% as investors positive on construction upturn
SHARES of construction and engineering company Ley Choon jumped on Thursday (Jan 23) morning, after The Business Times reported that the…
Business
Bain matches CC Capital’s offer for Australia’s Insignia Financial at A$3.07 billion
INSIGNIA Financial’s shares hit a three-year high on Thursday (Jan 23), driven by a revised takeover offer of A$3.07 billion (S$2.6…
Business
Singapore shares rise at Thursday’s open; STI up 0.6%
SINGAPORE shares started trading in positive territory on Thursday (Jan 23) morning, mirroring overnight gains in global markets. As at…
Business
Singapore stocks close higher on Thursday as inflation eases; STI up 0.7%
SINGAPORE stocks ended higher on Thursday (Jan 23), after the Republic reported that full-year inflation in 2024 came in at 2.4 per cent.…
Business
Ascott bags 16 new signings under Oakwood portfolio to tap growing ‘bleisure’ market
ASCOTT, the wholly owned lodging business unit of CapitaLand Investment, has secured 16 new signings under the Oakwood brand in 2024, up…
Business
SK Hynix posts record quarterly profit surpassing Samsung on AI boom
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as…
Business
Asia hedge funds post biggest annual returns since the pandemic
ASIA hedge funds rebounded in 2024, with many posting double-digit gains as China stocks recovered, Japan’s equity rally hit new heights…
Business
Stocks to watch: CapitaLand Investment, Mapletree Industrial Trust, Frasers Centrepoint Trust
THE following companies saw new developments that may affect trading of their securities on Thursday (Jan 23). CapitaLand Investment: Its…
Business
Microsoft poised to benefit from Stargate joint venture with zero money
WHEN President Donald Trump joined tech executives on Tuesday (Jan 21) to tout a multibillion-dollar artificial intelligence (AI) project…
Business
Amazon exits Quebec operations, to cut about 1,700 jobs; Ottawa unhappy
E-COMMERCE giant Amazon.com is exiting its operations in the Canadian province of Quebec, leading to the loss of about 1,700 full-time…
Business
KKR combines US$157 billion infrastructure, real estate businesses
KKR is moving its infrastructure and real estate assets under the same leadership as it looks to capitalise on converging opportunities…
Business
As D.E.I. Programs Come Under Attack, Companies Like Costco and Microsoft Forge Ahead
As corporate diversity and inclusion programs come under attack, not all companies have scaled back. At Costco’s annual meeting on…
Business
Colombian president visits southern Haiti as country battles surge in gang violence
PORT-AU-PRINCE, Haiti (AP) — Colombian President Gustavo Petro visited Haiti on Wednesday as part of a whirlwind trip to strengthen ties…
Business
DBS, OCBC, UOB to gain from higher AUM, fees amid booming family office scene
Upcoming Singapore Budget may give further tax incentives for philanthropy, sustainability SINGAPORE’S strong family office sector will…
Business
OpenAI, Oracle and Softbank team up on multibillion-dollar AI project
President Trump on Tuesday announced that OpenAI, Oracle and Softbank are partnering on a venture to direct more than $100 billion toward…