US: Wall Street opens higher on optimism for AI demand

US: Wall Street opens higher on optimism for AI demand

[ad_1] [NEW YORK] Wall Street kicked off November on firmer ground on Monday (Nov 3), driven by optimism around AI demand with OpenAI and Amazon striking a US$38 billion deal, while Kenvue shares soared after Kimberly-Clark’s buyout deal. The Dow Jones Industrial Average rose 134.5 points, or 0.28 per cent, at the open to 47,697.33.…

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Industrial giants regain footing as tariff turmoil recedes

Industrial giants regain footing as tariff turmoil recedes

[ad_1] US industrial companies at present are reporting their best year-on-year revenue growth, since the first quarter of 2023 at 6.3% INDUSTRIAL companies have been on a roller coaster this year, as they have tried to adjust to the shifting trade policies of US President Donald Trump. This quarter, however, executives suggested the confusion may…

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SGX share buyback consideration hits 10-year high of S$1.91 billion

SGX share buyback consideration hits 10-year high of S.91 billion

[ad_1] [SINGAPORE] Share buybacks on the Singapore Exchange (SGX) have surged to a 10-year high, the local bourse reported on Monday (Nov 3). Companies ramped up repurchases amid broad market volatility. In the first 10 months of 2025, 78 primary-listed companies bought back shares with a total consideration of S$1.91 billion. This represents a jump…

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Seatrium to sell ship-owning unit to Brazilian vessel operator for US$59.7 million

Seatrium to sell ship-owning unit to Brazilian vessel operator for US.7 million

[ad_1] This is in line with its strategy of divesting non-core assets to enhance capital and operational efficiencies [SINGAPORE] Seatrium is selling its entire stake in its wholly owned indirect subsidiary Guanabara Navegaçao, a ship-owning company incorporated in Brazil, for US$59.7 million. The sale is in line with Seatrium’s strategy to divest non-core assets to…

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Trump says Nvidia’s Blackwell AI chip not for ‘other people’

Trump says Nvidia’s Blackwell AI chip not for ‘other people’

[ad_1] Nvidia has not sought US export licenses for the Chinese market because of Beijing’s stance on the company, CEO Jensen Huang says [NEW YORK] Artificial intelligence (AI) giant Nvidia’s most advanced chips will be reserved for US companies and kept out of China and other countries, US President Donald Trump said. During a taped…

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Asia: Most markets rise on lingering trader optimism

Asia: Most markets rise on lingering trader optimism

[ad_1] [HONG KONG] Most stocks rose in Asian trade on Monday (Nov 3) after a busy last week, with optimism supported by another AI-led tech rally on Wall Street. Investors returned from the weekend in relatively good spirits after an upbeat end to October that saw China-US tensions ease, a US Federal Reserve interest rate…

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The human cost of Xiaomi’s rapid pivot from smartphones to EVs

The human cost of Xiaomi’s rapid pivot from smartphones to EVs

[ad_1] The company still has a long way to go before it could break into the elite club of automakers [SINGAPORE] Months before he dropped to the floor in agony while grocery shopping with his young son, Wang Peizhi stayed up all night frantically preparing Xiaomi’s flagship store for the launch of its first electric…

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Stocks to watch: Jardine Matheson, Nio, CapitaLand Ascendas Reit, Yangzijiang Financial, Wee Hur, Nam Lee, Fu Yu

Stocks to watch: Jardine Matheson, Nio, CapitaLand Ascendas Reit, Yangzijiang Financial, Wee Hur, Nam Lee, Fu Yu

[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Nov 3): Jardine Matheson : The London-listed conglomerate intends to repurchase up to US$250 million worth of shares under a proposed share buyback scheme, the company announced in a bourse filing on Monday. In line with its capital…

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Nio’s October deliveries surge 92.6% to 40,397 electric vehicles

Nio’s October deliveries surge 92.6% to 40,397 electric vehicles

[ad_1] [SINGAPORE] Chinese electric vehicle (EV) manufacturer Nio announced on Sunday (Nov 2) that it delivered 40,397 vehicles in October this year, up 92.6 per cent year on year. This is a new monthly record for the company, with 17,342 vehicles from its family-oriented smart EV brand Onvo; 5,912 vehicles from its smart high-end electric…

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