News
Nokia streamlines business to focus on AI infrastructure boom
[ad_1] It plans to restructure into two main divisions – mobile networks and network infrastructure[LONDON] Nokia is banking on the boom in artificial intelligence (AI) and will streamline its business...
US: Wall Street opens higher as Nvidia test looms
[ad_1] [NEW YORK] Wall Street’s main indexes opened slightly higher on Wednesday (Nov 19) following sharp losses earlier in the week, as investors set their eyes on Nvidia’s earnings which...
Nvidia’s switch to smartphone-style memory ‘to double server-memory prices by end-2026’
[ad_1] Tech-focused research firm says the change will spike the demand for chips that the industry can’t handle[BEIJING] Nvidia’s move to use smartphone-style memory chips in its artificial intelligence (AI)...
Weaponisation of finance over geopolitics a concern, says GIC’s CEO
[ad_1] [SINGAPORE] Given the shifting geopolitical landscape’s major impact on security, trade and supply chains, Singapore’s sovereign wealth fund GIC’s CEO Lim Chow Kiat is worried that this might eventually...
Google Deepmind launches research lab in Singapore to better study S-E Asia’s cultural nuances
[ad_1] [SINGAPORE] Artificial intelligence (AI) pioneer Google Deepmind on Wednesday (Nov 19) launched its research lab in Singapore.The lab’s opening is part of the group’s efforts to expand into the...
Xiaomi rides fan base to EV profitability faster than Tesla
[ad_1] China’s mature EV supply chain helps Xiaomi to reach scale without needing heavy capital[BEIJING] Xiaomi parlayed its popularity with an existing customer base to rake in orders for its...
Hyundai to continue investing in US after immigration raid, says CEO
[ad_1] This is even after its workers were detained in an immigration raid at a plant it had a stake in[SINGAPORE] Automotive giant Hyundai’s plan to invest US$26 billion into...
Alpina to delist on Dec 4 as court sanctions joint offer by top execs, Savills Singapore
[ad_1] Scheme consideration comprises a payment of S$0.31 per share in cash and S$0.06 per share in cash by way of a special dividend[SINGAPORE] Integrated building services provider Alpina will...
Foreigners turn net sellers of Indonesian bonds on fiscal fears
[ad_1] Indonesia is now the only South-east Asian market seeing net foreign bond outflows this year[JAKARTA] Global funds have turned net sellers of Indonesian government bonds this year, as lingering...
Weak US dollar lowers net returns on investments, says Temasek chief
[ad_1] Hedging costs have risen, but rotating out of US equities ‘not easy”, adds executive director and CEO Dilhan Pillay[SINGAPORE] The US dollar’s recent weakness against major currencies such as...
