Posts by Shopie More
SoftBank’s Graphcore plans £1 billion chip investment in India
The US’ tensions with China have helped the country rise in prominence for global tech companies, but its AI infrastructure is still developing [LONDON] Graphcore, the British chip designer owned by SoftBank Group, is planning to announce a £1 billion (S$1.7 billion) investment package in India that includes a new research hub. The announcement is…
Read MoreEuro, yen slide for third straight day versus US dollar
[LONDON] The euro and the yen were headed for a third straight daily loss against the US dollar, pressured by political turmoil in France and expectations of increased fiscal spending in Japan. Expansive economic policies in Japan and France’s struggle to rein in its fiscal deficit are expected to increase the risk premium investors demand…
Read MoreUS: Wall Street indices open higher with Fed remarks in focus
[NEW YORK] Wall Street’s main indices opened higher on Wednesday (Oct 8) following a blip in a steady rally, as investors awaited fresh clues from Federal Reserve officials on the interest-rate trajectory. The Dow Jones Industrial Average rose 46.3 points or 0.1 per cent at the open to 46,649.32. The S&P 500 rose 9.3 points…
Read MoreChinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
[HONG KONG] Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to people familiar with the matter. The Shandong-based company is working with advisers on the possible listing, the people said, asking not to be identified because the information is private. Considerations are preliminary and…
Read MoreStocks to watch: DBS, Keppel Reit, NetLink NBN Trust, StarHub, Info-Tech
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 8): DBS Bank : The bank’s shares hit a new record high on Tuesday, driving its market capitalisation beyond S$150 billion. It now has nearly double the market capitalisation of its nearest banking rival, OCBC. Charu Chanana, chief…
Read MoreMercedes posts worst quarterly China sales since 2016 as demand crisis deepens
[FRANKFURT] Mercedes-Benz Group’s China sales tumbled 27 per cent in the third quarter to their lowest level in almost a decade as luxury demand in the country remains weak and local manufacturers dominate on electric vehicles. The slump in China – the worst quarterly sales performance there since 2016 – dragged down the company’s global…
Read MoreInfo-Tech Systems’ CFO to resign, shortly after SGX mainboard listing
Gan Lai Thong’s last day in the role will be Dec 31, 2025; no replacement announced yet [SINGAPORE] The chief financial officer (CFO) of software provider Info-Tech Systems will leave his post, the company said just three months after it made its debut on the Singapore Exchange (SGX) mainboard. The listing of the software-as-a-service firm…
Read MoreYen, euro extend slide against US dollar as politics calls the shots
[LONDON] Political developments drove currency markets again on Tuesday (Oct 7) with the yen falling to a two-month low after Sanae Takaichi’s leadership victory in Japan, while the euro remained fragile following the resignation of France’s prime minister. Takaichi, who is expected to become Japan’s next prime minister, has pledged to boost the Japanese economy…
Read MoreHP bets on AI personal computers to drive revenue, eyes Asia for growth
At least one in four PCs sold by the US computer maker are AI-enabled and that could grow as customers upgrade [SINGAPORE] The lockdowns stemming from the Covid-19 pandemic drove the revenues of many tech companies as people who were forced to remain at home rushed to upgrade their tech, be it for work or…
Read MoreBusiness Trends in the Pet Store Industry
The pet store industry is changing as more people welcome pets into their homes. Pet ownership affects how pet stores operate and what products they offer. Key trends include personalized care, a focus on health and wellness, and the use of technology. By understanding what pet owners want, businesses can better meet the needs of…
Read MoreWho Owns Lexus?
Lexus is one of the most popular car brands worldwide, but the brand initially felt somewhat left behind by its competitors. Honda and Nissan were creating and promoting luxury brand extensions with Acura and Infinity, respectively. With their newfound motivation to stay involved and compete, Toyota created its own luxury brand, branding it with the…
Read MoreFederal Reserve’s Miran wants aggressive rate cuts but downplays differences with other officials
FEDERAL Reserve Governor Stephen Miran on Friday again pressed for an aggressive path of rate cuts citing the impact of Trump administration policies on the economy, while other central bank officials made the case for a more cautious approach citing still-worrisome inflation pressures. “My view is that if policy is out of whack, you should…
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