Entrepreneurship
Nvidia modifies H20 chip for China to overcome US export controls: sources
[BEIJING] Nvidia plans to release a downgraded version of its H20 artificial intelligence (AI) chip for China in the next two months, following US export restrictions on the original...
Asia: Stocks lifted by hopes for US-China talks after UK deal
[HONG KONG] Most Asian equities rose on Friday (May 9) on growing optimism that the worst of US President Donald Trump’s trade war is past after he reached a...
Nissan drops plan for Fukuoka battery plant to focus on recovery
The company is betting on a broad restructuring and new leadership team helmed by chief executive officer Ivan Espinosa, who took office in April and pledged to turn things...
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
[HONG KONG] US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value the business...
F&N H1 net profit rises 0.3% to S$84.1 million as F&B sales grow
[SINGAPORE] Fraser and Neave (F&N) posted a 0.3 per cent rise in net profit to S$84.1 million for its first half ended Mar 31, from S$83.8 million a year...
US sanctions on China refiners over Iran oil disrupt operations: sources
[SINGAPORE] Recent US sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar...
Stocks to watch: OCBC, ST Engineering, Frasers Property, F&N, Far East Orchard, DHLT, Marco Polo Marine
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 9).OCBC: The bank’s net profit for the first quarter fell on lower...
Daiwa House Logistics Trust posts 9.9% lower Q1 distributable income of S$8.2 million
[SINGAPORE] Daiwa House Logistics Trust (DHLT) announced on Friday (May 9) that its distributable income for the quarter was 9.9 per cent lower at S$8.2 million, from S$9.2 million...
Apple is developing specialised chips for glasses, new Macs and AI servers
[LOS ANGELES] Apple’s silicon design group is working on new chips that will serve as the brains for future devices, including its first smart glasses, more powerful Macs and...
Luxury labels ditch steep China discounts to rebuild brand value
[HONG KONG] Some luxury labels are pulling back from steep markdowns in China, seeking to rebuild an image of exclusivity to lure back wealthy shoppers whose spending remains less...
