Real Estate
SMIC’s Nvidia-beating 120% stock rally faces chip war threats
SEMICONDUCTOR Manufacturing International Corporation’s (SMIC) stock has more than doubled over the past two months on an expected boost from China’s self-reliance push, even amid risks tied to competition...
BRC Asia H2 profit rises 11% to S$55 million on sale of associate
STEEL solutions provider BRC Asia posted an 11 per cent rise in net profit to S$55 million for its second half ended Sep 30, 2024, from S$49.5 million in...
Temu-owner PDD misses market estimates for Q3 revenue on weak consumer spending
CHINA’S PDD Holdings fell short of market estimates for third-quarter revenue on Thursday (Nov 21), in a sign that promotional offers and discounts were not enough to lure cost-conscious...
Adani Group Counters “Baseless” US Bribery Allegations; Chooses Legal Recourse
The Adani Group, a global business conglomerate, has strongly refuted allegations of bribery brought forth by the U.S. Department of Justice (DoJ) and the Securities and Exchange Commission (SEC)....
Aramco to take on more debt, focus on dividend growth
Saudi Arabian Oil plans to take on more debt and will focus on “value and growth” for its dividend, the company’s finance chief said.“You’ll see us do a couple...
India’s Adani Group sees US$22 billion in value wiped off after US indictments
SHARES of Adani Group companies lost about US$22 billion in market value in early trade on Thursday (Nov 21) after US prosecutors charged the billionaire chairman of the Indian...
US indictments scythe US$34 billion from value of India’s Adani Group firms
FIRMS of India’s Adani Group conglomerate lost as much as US$34 billion in market value on Thursday (Nov 21) after US prosecutors charged its billionaire chairman in an alleged...
Starbucks is said to consider selling stake in Chinese business
STARBUCKS is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to sources with knowledge of the matter.The coffee chain has...
