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Nvidia hits US trillion valuation as AI frenzy grips Wall Street
Nvidia hits US$2 trillion valuation as AI frenzy grips Wall Street
NVIDIA hit US$2 trillion in market value on Friday (Feb 23), riding on an insatiable demand for its chips that made the Silicon Valley firm the pioneer of the...
Apac Realty H2 profit down 31.4% to S.8 million
Apac Realty H2 profit down 31.4% to S$6.8 million
APAC Realty posted a 31.4 per cent drop in net profit to S$6.8 million for the six months ended Dec 31, 2023, from S$9.9 million in the corresponding period...
Hong Leong Finance H2 net profit falls 45% to S.8 million
Hong Leong Finance H2 net profit falls 45% to S$46.8 million
HONG Leong Finance reported on Friday (Feb 23) a 45.4 per cent decline in net profit for the second half of 2023, on the back of lower net interest...
QAF profit rises 101% to S.6m in H2
QAF profit rises 101% to S$22.6m in H2
MAINBOARD-LISTED QAF posted a 101 per cent rise in net profit to S$22.6 million for the second half of the year ended Dec 31, 2023, from S$11.2 million in...
QAF H2 profit rises 101% to S.6 million on higher sales, joint venture contribution
QAF H2 profit rises 101% to S$22.6 million on higher sales, joint venture contribution
MAINBOARD-LISTED QAF posted a 101 per cent rise in net profit to S$22.6 million for the second half of the year ended Dec 31, 2023, from S$11.2 million in...
Singapore Airshow pulls in record of nearly 60,000 trade attendees
Singapore Airshow pulls in record of nearly 60,000 trade attendees
THE 2024 edition of the Singapore Airshow has attracted a record number of trade attendees, with almost 60,000 attending the show at Changi Exhibition Centre from Feb 20 to...
BASF plans more German cuts even as group profit set to rebound
BASF plans more German cuts even as group profit set to rebound
GERMANY’S BASF will slash another one billion euros (S$1.5 billion) in annual costs at its Ludwigshafen headquarters, citing weak demand and high energy costs in its home market, highlighting...
Singapore stocks fall amid disappointing earnings; STI down 1.2%
Singapore stocks fall amid disappointing earnings; STI down 1.2%
THE Straits Times Index fell 1.2 per cent or 38.03 points to 3,184.91 on Friday (Feb 23) amid weak earnings results. Across the broader market, losers beat gainers 326...
What’s next for the ringgit?
What’s next for the ringgit?
THE Malaysian ringgit has slumped against the US dollar to a level not seen since the Asian financial crisis – a quarter of a century ago. Against the Sing...
Malaysia PM says ringgit’s fall to 26-year low ‘concerning’
Malaysia PM says ringgit’s fall to 26-year low ‘concerning’
MALAYSIAN Prime Minister Anwar Ibrahim said the ringgit’s slide this week to its lowest level since the Asian financial crisis is “concerning” and that the authorities are watching the...