Leadership
Circle raises fees despite rising stablecoin market competition
FOR the second time in less than a year, Circle Internet Financial has increased the fees it charges to cash out holdings of its USDC stablecoin.Redemption of USDC via...
OpenAI builds first chip with Broadcom and TSMC, scales back foundry ambition
OPENAI is working with Broadcom and Taiwan Semiconductor Manufacturing Company (TSMC) to build its first in-house chip designed to support its artificial intelligence (AI) systems while adding Advanced Micro...
AMD tumbles after AI chip growth fails to inspire investors
ADVANCED Micro Devices (AMD) slid in late trading after the chipmaker’s revenue forecast missed analysts’ estimates, a sign its artificial intelligence (AI) sales are growing more slowly than some...
Mapletree Industrial Trust DPU up 1.5% at S$0.0337, with higher occupancy and rents
MAPLETREE Industrial Trust (MIT) reported a distribution per unit (DPU) of S$0.0337 for the second fiscal quarter ended Sep 30, 2024, up 1.5 per cent from S$0.0332 in the...
Sheng Siong’s Q3 net profit up 12.6% on the back of higher revenue
SUPERMARKET chain Sheng Siong posted a 12.6 per cent increase in net profit to S$39.1 million for the third quarter ended Sep 30, from S$34.7 million the year before.Revenue...
Loss of Australian unit’s managed investment trust status beyond Fraser Hospitality’s control, says Reit manager
AS THE share swap between Frasers Property and Thai Beverage (ThaiBev) was a corporate action taken by entities above the level of the unitholders of Frasers Hospitality Reit, the...
Aztech Global’s Q3 net profit falls 55.7% to S$13.7 million as revenue slides
MAINBOARD-LISTED Aztech Global posted a 55.7 per cent drop in net profit to S$13.7 million for its third quarter ended Sep 30, 2024, from S$30.9 million in the corresponding...
Adidas reports strongest China sales since early 2022
ADIDAS saw strong underlying growth in Greater China in the third quarter, while sales in North America excluding the Yeezy collection were up on the year on increasing brand...
