Fashion
Trump to rewrite AI chip curbs reviled by Nvidia and US allies
[HONG KONG] The Trump administration plans to overhaul regulations on the export of semiconductors used in artificial intelligence (AI), tossing out a Biden-era approach that had drawn strenuous objections...
China’s JD.com beats quarterly revenue estimates
[BEIJING] Chinese e-commerce retailer JD.com topped market estimates for quarterly revenue on Tuesday (May 13), in a sign of steady demand even as US tariffs and prolonged economic weakness...
Microsoft to lay off 7,000 employees: CNBC
Published Tue, May 13, 2025 · 11:31 PM[BENGALURU] Microsoft is laying off 3 per cent of its workforce, or roughly 7,000 employees, CNBC reported on Tuesday (May 13), as...
Food Empire reports 16.3% rise in revenue for Q1
[SINGAPORE] Food Empire posted a 16.3 per cent rise in its top line to US$136.6 million for the first quarter of FY2025 ended March, as most major markets delivered...
AEM’s Q1 earnings rise 42.9% to S$3.3 million
The company lowers its debt-to-equity ratio to 0.1 times over the period due to the repayment of debt[SINGAPORE] Semiconductor testing equipment manufacturer AEM Holdings reported a 42.9 per cent...
CDL to repurchase preference shares via off-market, equal access scheme
The offer, to be made in cash, allows it to exercise greater control over its share capital structure in relation to the preference shares[SINGAPORE] Property player City Developments Limited...
Prime US Reit distributable income for Q1 2025 down 30% at US$8.4 million
[SINGAPORE] Prime US Reit’s distributable income fell 30 per cent to US$8.4 million, from US$12 million in the year-ago period. On a same-store basis, income available for distribution declined by...
Greenback’s relief rally from US-China tariff truce is but a brief blip: analysts
[SINGAPORE] Traders rewarded the US dollar with gains against major Asian currencies after trade tensions between Beijing and Washington thawed – but the greenback could soon be singing the...
China removes ban on Boeing deliveries after US trade truce
[NEW YORK] China has removed a month-long ban on airlines taking delivery of Boeing planes, according to sources familiar with the matter, following a breakthrough in trade talks with...
China’s Meituan to start Brazil business with US$1 billion budget
The agreement takes one of China’s largest tech corporations into South America, after a rapid expansion into first Hong Kong, then the Middle EastPublished Tue, May 13, 2025 ·...
