Leadership
Apple spurned idea of iPhone AI partnership with Meta months ago
APPLE rejected overtures by Meta Platforms to integrate the social networking company’s artificial intelligence (AI) chatbot into the iPhone months ago, according to sources with knowledge of the matter....
Nvidia enters correction territory as slump erases US$430 billion
NVIDIA shares entered correction territory on Monday (Jun 24), as an ongoing sell-off erased a historic amount of value for the artificial intelligence (AI) focused chipmaker.
The stock fell 6.7...
Europe: Shares start the week higher on autos, banks
EUROPEAN equities advanced on Monday, led by gains in automobile and financial stocks, while investor attention focused on the first round of French parliamentary elections later this week.The Europe-wide...
China’s Fosun to buy out Henlius Biotech, values it at HK$13.37 billion
CHINESE conglomerate Fosun International will buy the remaining stake in Shanghai Henlius Biotech that it does not already own in a deal that values the Hong Kong-listed drugmaker at...
OCBC garners over 90% of Great Eastern’s shares; trading in insurer to suspend at close of offer
As the number of the insurer’s shares held by the public is now below 10%, the counter will be suspended from trading after the offer closes on Jul 12OCBC...
Foxconn to invest US$383 million in Vietnam circuit board plant: state media
FOXCONN Singapore has been awarded a licence to invest US$383 million in a factory to produce printed circuit boards in Vietnam, state media reported on Monday (Jun 24).
The plant...
Fast-fashion retailer Shein filed for London listing in early June: sources
SHEIN confidentially filed papers with Britain’s markets regulator in early June for a potential London listing, two sources said, as the online fast-fashion retailer moves ahead with what could...
Foreign banks target Switzerland after UBS takeover of Credit Suisse
AS CREDIT Suisse fades into history following its takeover by UBS last year, global banks are expanding in Switzerland to take advantage of companies’ desire to spread their business.
France’s...
