Tech
China Humanoid Robot Makers Face Shakeout, GGII Says
At least 15 per cent of China's 150-plus humanoid robot makers could go bankrupt or be merged within three years, research firm GGII forecasts,…
Articles by Kazi Mahmood
World Business News
Grab’s Financial Services Arm Turns Profitable in Q3
Grab's financial services segment posted its first positive adjusted EBITDA in the third quarter, as its loan book tripled to US$2.7 billion and deposits…
World Business News
Mitsubishi Corp Lifts Profit Forecast to Record ¥1.2 Trillion, Unveils ¥1 Trillion Buyback
Mitsubishi Corp raised its full-year net profit forecast to a record 1.2 trillion yen and approved buybacks of up to 1 trillion yen after…
World Business News
China Services Growth Slows to Three-Month Low as Costs Climb
China's RatingDog services PMI eased to 50.8 in October from 51.6, its weakest since July, as firms cut prices amid fierce competition while input…
World Business News
FIS Slashes 2026 Outlook as CFO Kehoe Steps Down, Shares Tumble
FIS lowered its 2026 earnings and revenue forecasts, citing delayed client conversions, and said CFO James Kehoe will step down.
World Business News
Aramco Q3 Profit Jumps 34.5% as War Lifts Oil Prices
Saudi Aramco's third-quarter net profit rose 34.5% to US$36.25 billion on higher oil prices and a gain from selling its Malaysian PRefChem stake to…
World Business News
Thai Virtual Bank CLICX Picks Thought Machine Core System
CLICX, the Thai virtual bank backed by Krungthai Bank, AIS and OR, has chosen Thought Machine's Vault Core platform to run its core banking…
Tech
NTT Data Eyes Bigger Indonesia Data Centre Push
Japan's NTT Data plans to be "very aggressive" in adding Indonesian data centres, seeking more land over two to three years after investing US$500…
Stocks and Markets
Foreign Buying Supports FBM KLCI Amid US Election and Growth Focus
Nasdaq recovered on bargain hunting, Hong Kong gained on growth optimism, while foreign fund inflows continued supporting FBM KLCI.
World Business News
KOSPI Tumbles 3.59% as AI Spending Doubts Hit Samsung, SK hynix
AI Spending - South Korea's KOSPI fell 3.59% to 5,648.79 on Tuesday as doubts over AI spending hit Samsung Electronics and SK hynix, with…
World Business News
China Raises FX Reserve Ratio to 6% to Slow Yuan Rally, Draining About US$24 Billion
FX Reserve - The PBOC will raise banks' foreign exchange reserve requirement ratio to 6% from 4% from November 15, its first hike in…
World Business News
Tucker Carlson Claims Trump Mulling Nuclear Strike on Iran’s Pickaxe Mountain
Tucker Carlson claimed the Trump administration could launch a nuclear strike on Iran's Pickaxe Mountain within days under pressure from Netanyahu, while the White…
World Business News
Apple Shares Fall as Memory Costs Cloud Margin Outlook Despite Record US$114.5 Billion Quarter
Apple posted record September-quarter revenue of US$114.5 billion and EPS of US$2.10, but its shares fell about 4% after it guided December-quarter gross margin…
World Business News
Oil Slides on Hormuz Deal Hopes as Goldman Lifts Brent Forecast
Oil prices fell sharply on Monday on hopes of a US-Iran deal to reopen the Strait of Hormuz, even as Goldman Sachs raised its…
Business News
CIMB OCTO Users Can Now Pay by DuitNow QR in Nine Countries
CIMB OCTO app users can now scan and pay at Alipay+ merchants in China, Hong Kong, South Korea, the Philippines and Laos using DuitNow…
World Business News
KOSPI Rebounds 2.24% as Institutions Buy SK hynix and Samsung After US Tech Rout
South Korea's KOSPI closed up 2.24% at 5,859.08 on Monday after a weaker open, led by gains in SK hynix and Samsung Electronics as…