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Uber to plan investments in Hong Kong listings of Pony AI, WeRide
[ad_1] UBER Technologies is planning to invest in the Hong Kong listings of Pony AI and WeRide, according to people familiar with the matter, deepening the ride-hailing giant’s ties with...
PayPal raises earnings guidance after announcing OpenAI deal
[ad_1] [NEW YORK] PayPal Holdings raised its full-year earnings guidance and announced a tie-up with OpenAI to embed its digital wallet into ChatGPT, sending its shares soaring in early New...
First Reit’s 9-month distributable income falls 6.1% to S$34.8 million
[ad_1] Its DPU for period is S$0.0165, a 7.3% decline from same period in the prior year[SINGAPORE] The manager of First Real Estate Investment Trust (Reit) reported a 6.1 per...
Bank of China delivers 5% gain in profit as margin stabilises
[ad_1] [BEIJING] Bank of China reported a 5 per cent increase in third-quarter profit, as the lender managed to stabilise its net interest margin despite mounting challenges from weakening credit...
Ping An profit rises as stock rally lifts investment returns
[ad_1] Net income climbed to 132.9 billion yuan (S$24.2 billion), from 119.2 billion yuan a year earlier[BEIJING] Ping An Insurance (Group) said profit rose 11.5 per cent in the first...
Intel CEO Tan Lip-Bu pledges to ‘refocus’ chip giant on AI, foundry
[ad_1] [RIYADH] Intel chief executive officer Tan Lip-Bu said he is working to “refocus” the beleaguered chip company on engineering after its struggles with complacency and mismanagement. The executive, who...
China’s cheap air fares hurt profit recovery for state carriers
[ad_1] [BEIJING] Stubbornly cheap international air fares for Chinese travellers are hurting attempts by the country’s biggest carriers to claw their way back to profitability.Ticket prices have lingered between 22...
Only 18% of investors rate SGX listcos’ disclosures as ‘very transparent’ despite quarterly engagements: study
[ad_1] Research by Stewardship Asia Centre also highlights a disconnect between investors and corporates on key priorities [SINGAPORE] Transparency has emerged as a key concern among investors of companies listed...
Singapore’s Lighthouse Canton to invest over US$1.5b in India; eyes private credit, real estate
[ad_1] [MUMBAI] Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on private credit and real estate, senior...
Singapore’s Lighthouse Canton to invest over US$1.5 billion in India; eyes private credit, real estate
[ad_1] [MUMBAI] Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on private credit and real estate, senior...
HSBC is bullish on 2025 despite hit from Madoff provision
[ad_1] [LONDON] HSBC Holdings raised its profitability outlook for 2025 even as earnings slid following an unexpected US$1.1 billion provision tied to Bernard Madoff’s giant fraud case more than a...
Indonesia to allow central government to lend to local authorities and state companies
[ad_1] [JAKARTA] Indonesia has drawn up new rules that will allow the central government to lend to local authorities and state-owned enterprises in order to support the country’s development projects.According...