Leadership
US renews inquiry into Applied Materials’ Chinese business
UNITED States government agencies have issued a new round of requests for information about Applied Materials’s shipments to Chinese customers, reviving a sensitive topic as Washington tries to sever...
Siblings help China’s BYD grab early lead in Thai EV market
AFTER launching BYD in Thailand as the Chinese electric vehicle (EV) maker’s sole national distributor a little more than a year ago, siblings Pratarnwong and Pratarnporn Phornprapha were forced...
17Live’s H2 loss widens to US$129.7 million on de-Spac expenses
LIVESTREAMING platform operator 17Live reported a net loss of US$129.7 million for the second half ended December 2023, widening from the previous year’s H2 net loss of US$9 million....
China’s thrifty shoppers create new stock winners and losers
CHINA’S price-conscious shoppers are trading down amid a fragile economic recovery, delivering a boon to firms that cater to the trend while adding pressure on premium brands. The frugality...
Singapore shares fall at Wednesday’s open; STI down 0.3%
SINGAPORE shares fell at the opening bell on Wednesday (Feb 28) morning, after a mixed performance in global markets. The Straits Times Index (STI) fell 0.3 per cent or 9.23...
Family Dollar fined US$41.7 Million over rodent-infested warehouse
THE value-store chain Family Dollar was fined US$41.7 million, the largest-ever financial criminal penalty in a food safety case, for distributing food, drugs, medical devices and cosmetics from a...
CDL net profit drops 75% to S$317.3 million for 2023, targets S$1 billion in divestments
CITY Developments Ltd’s (CDL) net profit dropped 75 per cent to S$317.3 million in 2023, as higher financing costs ate into profits in the absence of divestment gains. This...
WuXi is now most-sold Chinese stock by foreigners on US ban fear
WUXI AppTec has become the most-sold Chinese stock this year on fears of United States sanctions, a reversal from last year when the shares of the biotech company were...
