Business
SC Capital begins construction of 100MW data centre in Nanko island, Osaka
Singapore-based institutional real estate investment management firm SC Capital Partners Group on Friday (Dec 5) began construction of a…
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Business
Business
CLI-backed SC Capital starts work on US$600 million first phase of Osaka data centre
The 100MW facility in a prime location will have direct access to robust power infrastructure and major network routes Singapore-based…
Business
Philippines eyes easing IPO float rules to lure firms like GCash
Companies will be required to keep certain minimum public float levels after listing The Philippines’ securities regulator plans to relax…
Business
China’s risky shadow banks back in spotlight after Xi’s debt crackdown
Bridging the funding gap has become more urgent as bond issuance by the special financial vehicles has fallen to its lowest level since…
Business
Asian markets mixed ahead of US data, expected Fed rate cut
Focus is now on the release later Friday of the personal consumption expenditures index Asian markets struggled into the weekend on Friday…
Business
VinFast to invest US$500 million in India to expand manufacturing
The company plans to increase production to 150,000 annually within a year and double it in the next three years VinFast Auto, Vietnam’s…
Business
Gold steady as rising yields offset dollar weakness; PCE data eyed
Gold prices held steady on Friday (Dec 5), as rising US Treasury yields offset support from a weaker US dollar, while markets awaited US…
Business
Humanoid robots have a data problem. China’s ‘training centres’ hope to fix it
The humans controlling the droids have them repeat each task over and over, as a computer system logs their every move Home economics…
Business
Almost one-third of firms on regional list of top employers have Singapore presence
The markets are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam Almost one-third,…
Business
Capella, Micron, DHL, ST Telemedia: Almost one-third of firms on regional list of top employers have Singapore presence
The markets are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam Almost one-third,…
Business
Stocks to watch: CapitaLand Ascott Trust, Sheng Siong, Sunpower, Wee Hur, Nordic
The following companies saw new developments that may affect trading of their securities on Friday (Dec 5): CapitaLand Ascott Trust…
Business
Big shift in AI stock trade drives hunt for new stars in Asia
Rather than completely abandon the AI trade, investors are moving to other stocks The hunt is on for new Asian equity winners from the…
Business
Bank of America expands crypto access for wealth management clients
As US President Donald Trump continues to push regulatory relief for the asset class, crypto has been benefiting from widespread…
Business
Chaos after India’s biggest airline cancels 1,200 flights
The disruption is another setback to the no-frills carrier, which has built its reputation on punctuality Chaos gripped Indian airports on…
Business
Microsoft to lift productivity suite prices for businesses, governments
The company says that the changes reflect more than 1,100 new features added across Microsoft 365 Microsoft will increase prices for its…
Business
Ulta Beauty Surpasses Q3 Expectations With $2.9B in Sales, Driven by Fragrance Boom and International Expansion
Ulta Beauty beat Wall Street forecasts on both the top and bottom lines in its third quarter, helped by fragrance, K-beauty and…
Business
Hewlett Packard forecasts weak quarterly revenue, shares fall
Analysts expect macroeconomic weakness to continue to pressure the compute, storage and networking sectors Hewlett Packard Enterprise…
Business
Oil settles up on expectations of Fed rate cut, Ukraine peace talks stalling
US crude futures briefly rose more than US$1 a barrel earlier in the session as global shares rose Oil prices settled up on Thursday (Dec…
Business
Indexes end near flat, supported by Fed hopes but dragged by Amazon
Markets are pricing in an 87% chance the central bank will cut rates by 25 basis points this month US stocks closed near the unchanged…
Business
Industrials, automakers drive European shares higher at close
European shares closed higher on Thursday (Dec 4), led by industrials and automakers, as global risk appetite improved on elevated US rate…
Business
Wall Street opens higher as investors mull Fed rate cuts
Wall Street’s main indexes opened slightly higher on Thursday (Dec 4) as investors parsed a fresh batch of labour market data to gauge the…
Business
Meta’s Zuckerberg plans 30% budget cut to metaverse unit, potentially triggering January layoffs: sources
The proposed metaverse cuts are part of the company’s annual budget planning for 2026 Meta Platforms’ Mark Zuckerberg is expected to…
Business
Sunpower Group subsidiary to acquire 15% stake in Jining Xinneng Thermal Power for 30.2 million yuan
Sunpower International Holding (Singapore), a wholly owned subsidiary of Sunpower Group, is acquiring a 15 per cent equity interest in…
Business
Sunpower Group subsidiaries to acquire stakes in two China thermal energy projects
It will take 15% equity interest in Xinneng Thermal Power, and the remaining interest in Changshu Thermal Power that it does not own…