Leadership
Nio narrows Q4 loss as vehicle sales margin improves
CHINA-BASED electric vehicle (EV) maker Nio narrowed its fourth-quarter loss for FY2023 by 4.3 per cent year on year to 5.6 billion yuan (S$1.1 billion) on higher vehicle sales...
Nio full-year losses widen as pressure mounts in China EV market
NIO reported revenue for the fourth quarter broadly in line with analyst expectations while losses widened for the full year – a sign the Chinese electric vehicle maker is...
Singapore stocks track Wall Street losses on Tuesday; STI down 0.5%
SINGAPORE shares ended lower on Tuesday (Mar 5), tracking losses on Wall Street. The benchmark Straits Times Index (STI) was down 0.5 per cent or 15.11 points to 3,107.1....
Lloyd’s of London insurer Hiscox posts record annual profit, launches new buyback
LLOYD’S of London insurer Hiscox on Tuesday (Mar 5) posted a record annual profit and launched a share buyback as higher interest rates and strength in its commercial business...
Switzerland’s Sulzer opens S$10 million R&D facility in Singapore
SWISS fluid and chemical engineering company Sulzer has opened a new research and development (R&D) facility in Singapore, its first one in Asia-Pacific and the second outside of Switzerland....
Stablecoin Tether crosses US$100 billion tokens in circulation
THE number of US dollar-pegged stablecoins issued by Tether has crossed US$100 billion, the crypto company said on its website on Monday (Mar 4). Tether issues a stablecoin which...
Asia: Markets mostly down as China sets 5% growth goal
ASIAN markets largely fell on Tuesday after China set a five per cent annual growth target and Wall Street shares dropped ahead of the release of key US economic...
China to step up quantum computing, AI efforts as it aims for tech self-sufficiency
CHINA will formulate development plans for emerging industries including quantum computing and will continue striving towards achieving self-sufficiency in technology, according to a government work report. It will also...
