World Business News
Xpeng Steps Up GX SUV Exports as Middle East Orders Top 3,000
Chinese EV maker Xpeng has begun volume shipments of its flagship GX SUV to the Middle East and Africa, with regional orders already above…
Business News
World Business News
Truist Beats Q3 Profit Forecasts but Revenue Falls Short After US$1.45 Billion Securities Loss
Truist's adjusted Q3 earnings rose 12% to US$1.16 a share, topping forecasts, but reported revenue of US$3.75 billion missed estimates after a US$1.45 billion…
World Business News
European Stocks Notch Best Week Since June as Earnings Offset Global Tech Rout
The STOXX 600 rose 0.7% on Friday to a three-week high, gaining more than 2% for the week as strong results from Aixtron, Nordex…
World Business News
Nasdaq Sinks 2.1% as AI Debt Fears Batter Chip Stocks, Capping Worst Week Since June
The Nasdaq fell 2.1% on Friday and 4.5% for the week as worries over the debt financing behind the AI build-out hammered chipmakers and…
Malaysia
Genting Property, Huawei Partner for AI Smart Campus in Johor
Genting Property partners with Huawei to develop Johor Tech Smart City, marking Huawei's first international Smart Campus project.
World Business News
Kospi Rebounds 2% to Snap Seven-Day Slide, but Logs Worst Week Since 2008
South Korea's Kospi climbed 2.05% on Friday to end a seven-session losing streak, but still closed the week down about 14.5% after a chip-led…
World Business News
Toyota Targets 10 Million Cars a Year on Its Arene Software Platform by 2030
Toyota expects its in-house Arene software platform to run in 10 million new vehicles a year and across 50 models by 2030, with plans…
World Business News
Transsion Slips Below IPO Price in Hong Kong Debut After HK$3 Billion Listing
Chinese smartphone maker Transsion, the company behind the TECNO, Infinix and itel brands, fell below its HK$35.30 offer price in its Hong Kong trading…
World Business News
Proofpoint Agrees to Buy Varonis for US$6.3 Billion in Year’s Biggest Cybersecurity Deal
Thoma Bravo-owned Proofpoint will pay US$49.75 a share in cash for data security firm Varonis, a 52% premium to its pre-rumour price, in the…
World Business News
Eurozone Inflation Confirmed at 3.8% in September as Energy Costs Surge 18.9%
Eurostat confirmed euro area inflation jumped to 3.8% in September from 3.2% in August, with energy prices up 18.9% year on year and price…