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Jumbo Bee Powers Up ASEAN with Modular Battery Breakthrough
In a time when electricity costs across ASEAN are rising and demand for reliable energy is surging, Jumbo Bee Power Solutions Pte Ltd is…
Business News
World Business News
Morgan Stanley Slashes Samsung, SK Hynix Price Targets
Morgan Stanley cut its price targets for Samsung Electronics and SK hynix by up to 38%, even as Korean chip stocks rallied.
World Business News
SoftBank Posts $7 Billion Loss on US Data Centre Hit
SoftBank Group swung to a 1.1 trillion yen quarterly loss after a US$3.7 billion hit from revised US data centre plans.
World Business News
Hesai Revenue Jumps 34% as Lidar Shipments Surge 65%
Chinese lidar maker Hesai lifts third-quarter revenue 34.3% as shipments of sensors for cars and robots surge 65%.
World Business News
Anthropic Targets Up to $1.02 Trillion Valuation in IPO
Anthropic sets a US$70-$78 share range to raise up to US$64.4 billion, valuing the Claude maker at up to US$1.02 trillion.
World Business News
Infineon Forecasts Over 20% Revenue Growth on Data-Centre Demand
Infineon expects fiscal 2027 revenue of about EUR20 billion, driven by data-centre power demand, though its cash flow outlook missed forecasts.
World Business News
US Consumer Prices Rise 0.4% in October, Beating Forecasts
US consumer prices rose 0.4% in October, above forecasts, as food and energy climbed, bolstering bets on a December Fed hike.
World Business News
Trump Says FBI Looking Into Nvidia CEO Huang Affair
Trump says the FBI is investigating Jensen Huang's ties to an alleged Chinese spy, after Nvidia lost about $250 billion in value.
World Business News
Musk Faces Democratic Probes After Midterm Losses
Elon Musk faces congressional probes into DOGE, Starlink and his government contracts after Democrats won control of Congress.
World Business News
Oil Falls to Lowest Since August on Iran De-escalation Hopes
Brent crude slid to its lowest since late August after Trump downplayed new strikes on Iran, easing inflation fears and lifting Asian stocks.
Business News
Fahmi Says Online Banking Safe After Bank Rakyat Disruption
The government says online banking remains secure after Bank Rakyat's website was disrupted, while BSN and Bank Islam customers also faced service problems.