Fashion
Keppel’s ‘moat’ gives it an edge in the data centre business: CEO
KEPPEL’S access to greener infrastructure and funds has created a “moat” and given the company an edge in the data centre business, noted its chief executive officer Loh Chin...
TSMC cuts off client after discovering chips sent to Huawei
TAIWAN Semiconductor Manufacturing Company (TSMC) discovered this month that chips it made for a specific customer ended up with Huawei Technologies, a potential violation of US sanctions intended to...
Nvidia supplier SK Hynix posts record Q3 profit, beats forecasts
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of its advanced chips such as high bandwidth memory (HBM) ones...
ServiceNow sales growth fails to impress AI-hungry investors
SERVICENOW reported strong third-quarter sales and bookings, but failed to clear the lofty expectations of investors looking for a bigger boost from artificial intelligence (AI).Subscription sales, which account for...
Whirlpool reaffirms forecast despite pre-election sales slump
WHIRLPOOL, the owner of Maytag, rose in late trading on Wednesday (Oct 23) after reporting better than expected earnings, and reaffirming its full-year sales forecast.The results show that things...
IBM posts soft revenue growth as consulting woes continue
INTERNATIONAL Business Machines (IBM) reported underwhelming sales as the company grapples with a slowdown in consulting demand.Sales increased 1 per cent to US$15 billion, slightly missing the average estimate...
Mike Ashley’s Frasers pulls bid for handbag maker Mulberry
BILLIONAIRE Mike Ashley’s Frasers Group is walking away from an attempted takeover of Mulberry Group but is still pushing for a board seat at the British handbag maker.
Frasers said...
Ennoconn Corp garners 63.77% of NeraTel shares at offer close
This comes after Ennoconn had in September agreed to buy 53.38% of the mainboard-listed companyA MANDATORY unconditional cash offer by Taiwan-listed Ennoconn Corporation for Nera Telecommuniations (NeraTel) closed with...
US: Wall St dips at the open as yields rise, earnings weigh
Wall Street’s main indexes opened lower on Wednesday (Oct 23), pressured by rising Treasury yields and as investors focused on earnings from companies including Coca-Cola, Boeing and Starbucks.The Dow...
OUE Reit Q3 net property income drops 3.7% to S$60.3 million
OUE Real Estate Investment Trust (Reit) reported a 3.7 per cent dip in net property income in the third quarter to S$60.3 million, from S$62.7 million in the year-ago...
