Real Estate
Canada’s RBC beats profit estimates boosted by higher interest income
CANADA’S No 1 lender Royal Bank of Canada on Wednesday (Feb 28) beat analysts’ estimates for quarterly profit as higher interest rates helped the bank earn more on its...
ASML reaches ‘first light’ milestone on first High NA EUV tool
ASML has reached “first light” on its massive new High NA EUV lithography system, the Dutch semiconductor equipment maker confirmed on Wednesday (Feb 28), a milestone that means the...
UMS Q4 earnings fall 3% to S$15.7 million on lower semiconductor sales
SEMICONDUCTOR manufacturer UMS Holdings on Wednesday (Feb 28) recorded a net profit of S$15.7 million for the fourth quarter ended Dec 31, 2023, dipping 3 per cent from the...
Nissan plans 2027 driverless ride-share service for ageing Japan
NISSAN Motor is planning an autonomous vehicle ride-share service for Japan in three years to address a dearth of taxi drivers amid the nation’s greying population. The company, which...
China’s Baidu revenue climbs after AI helps it weather China downturn
BAIDU’S revenue rose 6 per cent after its ChatGPT-style service began to augment advertising sales, helping the Chinese AI leader weather a severe economic downturn. The company reported sales...
Meta’s Zuckerberg to deepen tie-up with LG on next-gen devices
MARK Zuckerberg discussed ways to deepen Meta Platforms’ strategic alliance on extended-reality technology with LG Electronics, making his latest stop on a tour of Asia that’s taken the billionaire...
China’s aviation fuel demand seen up 13% in 2024: CNPC research
CHINA’S aviation fuel consumption is likely to expand 13.1 per cent this year, extending a robust recovery last year on passenger travel, but the country’s crude oil imports may...
Expect lower NIMs, slow loan growth in 2024 amid global growth slowdown: OCBC CEO
SINGAPORE’S second-largest lender OCBC will likely post lower net interest margins (NIMs) and slow loan growth in 2024 amid a global growth slowdown, said OCBC group chief executive Helen...
