Leadership
Chinese EV maker Nio cuts Q1 deliveries forecast amid tepid demand
CHINESE electric-vehicle maker Nio lowered its forecast for first-quarter deliveries on Wednesday (Mar 27), as it grapples with slowing demand and a price war in China.
The company’s US-listed shares...
Singapore stocks close higher on Wednesday; STI up 0.6%
SINGAPORE stocks inched higher for the second consecutive day on Wednesday (Mar 27), as regional bourses ended mixed.The Straits Times Index (STI) rose 0.6 per cent or 18.38 points...
Citi lays off 10 research staff in Asia-Pacific as part of global revamp: sources
CITIGROUP has laid off at least 10 people in its equities research department in Asia-Pacific this week, two sources with knowledge of the matter said, as the bank pushes...
Malaysia considers extending US$10 billion rail to Thailand border
MALAYSIA is considering extending its ongoing US$10.6 billion rail project closer to its border with Thailand, as it seeks to reduce economic competition with its South-east Asian neighbour.Transport Minister...
SK Hynix chief says HBM chips to be double-digit percentage of 2024 Dram chip sales
SOUTH Korea’s SK Hynix, an Nvidia supplier, expects high-bandwidth memory (HBM) chips used in artificial intelligence (AI) chipsets to make up a double-digit percentage of its Dram chip sales...
UBS to nearly double planned Hong Kong office and occupy entire tower
UBS Group will lease an entire 14-storey office tower in Hong Kong – almost double the space it initially planned – helping provide a vote of confidence for a...
Japan makes strongest intervention warning as yen hits 34-year low
JAPAN’S finance minister issued his strongest warning to date on Wednesday (Mar 27) about yen weakness as it fell to a 34-year low against the dollar, saying authorities could...
Baltimore ship passed two inspections in 2023: MPA
THE Maritime and Port Authority of Singapore (MPA) said on Wednesday that a cargo ship that slammed into a Baltimore bridge, causing it to collapse and block one of...
Singapore’s money laundering accused slapped with 6 new fraud, forgery charges
TURKISH national Vang Shuiming, one of the 10 accused in Singapore’s biggest money-laundering case, was handed six new charges related to fraud and forgery on Wednesday (Mar 27).Under the...
Cordlife controlling shareholder TransGlobal makes another requisition attempt
CORDLIFE Group has received yet another requisition notice from its controlling shareholder, TransGlobal Real Estate Group, amid the latter’s dispute with Cordlife’s substantial shareholder Nanjing Xinjiekou Department Store.This time,...