News
Nissan unit scraps plan to make EV powertrains in UK: Nikkei
The plan to invest £48.7 million to make up to 340,000 units a year has been cancelledPublished Sun, May 24, 2026 · 08:24 PM[TOKYO] Nissan Motor subsidiary Jatco has...
Anthropic nears US$30 billion funding round to top OpenAI as most valuable AI startup
Published Sat, May 23, 2026 · 11:34 AM[NEW YORK] Anthropic is set to close its latest round of funding, which may top US$30 billion at a valuation above US$900...
Wall St rises at open, Dow hits record high
Published Fri, May 22, 2026 · 09:42 PM[NEW YORK] Wall Street’s main indexes opened higher on Friday (May 22) with the Dow hitting an intraday record high as investors...
Wall St opens lower as oil jumps on renewed Mideast concerns
Published Thu, May 21, 2026 · 09:45 PM[NEW YORK] Wall Street’s main indexes opened lower on Thursday (May 21) as oil prices surged following a Reuters report that Iran’s...
Intuit to cut 17% of global jobs to streamline operations: memo
Published Wed, May 20, 2026 · 10:16 PMINTUIT is laying off about 17 per cent of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus...
China trade corridor a good foundation to do more, as bilateral cooperation not sure ‘win-wins’: SM Lee
He adds trade is now mixed up with security and rivalry considerations, among others, with more effort needed for positive outcomes[NANNING] Amid uncertainties and worries over trade, what used...
M1-Simba deal: What are frequency spectrums and when does their use become unauthorised?
Unassigned use of frequency spectrum may allow operators to gain an unfair advantage, says IMDA[SINGAPORE] A proposed consolidation between telcos M1 and Simba Telecom has been put on pause,...
Buybacks, insider activity and capital moves
IN THE five trading sessions to the May 14 close, 16 primary-listed companies conducted buybacks with a total consideration of S$42 million.Over the same period, more than 120 director...
Arm Holdings to face US antitrust probe over chip tech
The FTC investigation is the latest escalation in a global fight between the companiesPublished Sat, May 16, 2026 · 02:40 PM[SAN FRANCISCO] Arm Holdings is facing an antitrust investigation...
H&M lays off staff in Singapore, moves regional headquarters to Malaysia
Published Fri, May 15, 2026 · 10:15 PM[SINGAPORE] Swedish fashion retailer H&M has laid off staff in Singapore as it relocates its South-east Asian headquarters from Singapore to Kuala...
Wall St opens higher as Nvidia gains; US-China talks, data in focus
Published Thu, May 14, 2026 · 09:48 PM[NEW YORK] Wall Street stock indexes opened higher on Thursday (May 14) as Nvidia’s shares jumped, while investors assessed economic data and...
AI boom: AEM quadruples Q1 profit to S$14.3 million, raises FY2026 revenue guidance by 20%
Its largest customer this year will likely be a fabless artificial intelligence and high-performance computing player[SINGAPORE] Semiconductor test solutions provider AEM posted S$14.3 million in net profit for the...