Leadership
China oil refineries face reckoning as Beijing tackles overcapacity
CHINA’S independent oil refineries face a reckoning this year as Beijing tackles overcapacity in the industry, and the crude they rely on becomes a lot scarcer.Over a fifth of...
Stocks to watch: Mapletree Logistics Trust, CSE Global
THE following companies saw new developments that may affect the trading of their securities on Monday (Jan 6): Mapletree Logistics Trust (MLT): It is divesting a property in Malaysia...
Microsoft expects to spend US$80 billion on AI this fiscal year
MICROSOFT president Brad Smith on Friday (Jan 3) said the company is on track to pump about US$80 billion into artificial intelligence (AI) this fiscal year.Smith contended AI is...
Italy plans US$1.6 billion SpaceX telecom security services deal
ITALY is in advanced talks with Elon Musk’s SpaceX for a deal to provide secure telecommunications for the nation’s government – the largest such project in Europe, sources with...
Trump’s presidency expected to boost S&P 500
The E-mini S&P 500 Index Futures, based on the benchmark S&P 500 Index comprising the 500 largest US companies, experienced its longest daily losing streak since 1966 to end...
iPhone maker Hon Hai Q4 sales beat expectations on strong AI demand
Nvidia and Apple assembly partner Hon Hai Precision Industry reported better-than-expected sales growth last quarter as the artificial intelligence (AI) infrastructure buildout continued apace.Hon Hai, also known as Foxconn,...
S-Reits navigate a challenging 2024 with mixed returns
AFTER a challenging year for Singapore-listed real estate investment trusts (S-Reits), they ended 2024 in the red, with the iEdge S-Reit Index generating a total return of minus 6.1...
BlackRock’s Bitcoin ETF posts record outflow after banner year
INVESTORS yanked a net US$333 million from BlackRock’s iShares Bitcoin Trust ETF (IBIT) on Thursday (Jan 2), the most withdrawn from the record-breaking fund since its launch.The fund also...
