Business
Intel to invest additional RM860 million in Malaysia, PM says
Malaysian Prime Minister Anwar Ibrahim said US chipmaker Intel has announced an additional investment of RM860 million (S$208 million) in…
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Business
Business
Genting Malaysia to stay listed after privatisation bid flops
Genting Malaysia will remain listed after Genting said that it secured a 73.13 per cent stake in its offer to take its Malaysian unit…
Business
Genting’s New York casino licence buffers risks in Malaysia
The licence comes as the company’s Malaysia casino faces constraints amid local political headwinds Genting Group won a coveted New York…
Business
Ad giant Omnicom to cut over 4,000 jobs, fold legacy brands after IPG takeover
The advertising industry faces a serious threat as artificial intelligence reshapes creative production and tech giants Omnicom said on…
Business
Marco Polo Marine shares rise 7.5% on H2 profit surge
For the full year, net profit surges 169.7% to S$58.5 million, from S$21.7 million the year before Shares of Marco Polo Marine climbed 7.5…
Business
Gold edges lower as investors book profits
US rate futures are pricing in an 88% chance of a rate cut in December, according to the CME’s FedWatch tool Gold edged lower in early…
Business
Danantara’s US$1.4 billion Garuda play emerges as key reform test
The 76-year-old airline is a major employer and a key mode of transport for the country Indonesian sovereign wealth fund Danantara’s…
Business
Stocks to watch: UOB, Nio, Sanli
The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 2): UOB: The bank announced on…
Business
UOB prices £750 million floating rate covered bonds due 2029
UOB announced on Tuesday (Dec 2) that it has priced £750 million (S$1.3 billion) floating rate covered bonds due June 2029. The issue date…
Business
Amazon’s giant anacondas reached their peak size 12 million years ago, study shows
A study of anaconda fossils shows that these snakes reached their maximum size 12.4 million years ago and then stopped growing. As some of…
Business
Singapore’s YouTrip enters Australian market
Singapore-based multi-currency wallet YouTrip has launched operations in Australia, marking the fintech company’s first geographic…
Business
Popiah King’s new Tee Yih Jia factory has one of Asia’s largest, fully automated warehouses
The S$500 million facility has a solar panel system that generates enough power for about 315 four-room HDB flats for a year Would a sheet…
Business
Why AI is now embedded ‘in almost everything we do’: OCBC’s Praveen Raina
The bank is investing in talent and expanding research partnerships with universities Artificial intelligence (AI) has become a catalyst…
Business
Wall Street ends lower as yields climb; crypto stocks drop
Markets have largely priced in a rate cut from the Fed at the conclusion of its two-day policy meeting on Dec 10 US stocks closed modestly…
Business
European shares kick off December on negative note; Airbus slides
European shares ended lower on Monday (Dec 1), with defence and Airbus-led industrial stocks weighing heavily on the main index, kicking…
Business
Kash Patel Is Under Investigation for Using FBI Jet as Private Uber
Kash Patel is in hot water for joyriding on the FBI’s dime. Top Democrats on the House Judiciary Committee on Monday opened an…
Business
The New Nexus: How Patient Capital is Shaping Singapore's AI Future
As Singapore solidifies its reputation as a global nexus for technological innovation, the race to fund the next generation of artificial…
Business
JPMorgan doubles Swiss business by targeting wealthy clients
JPMorgan doubled its Swiss domestic private banking business between 2020 and 2024 and aims to do so again by 2030 as it targets the…
Business
Wall Street opens lower ahead of Powell speech, manufacturing data
Wall Street’s main indexes opened lower on Monday (Dec 1) as investors stood on the sidelines ahead of fresh economic data and a closely…
Business
Nvidia takes US$2 billion stake in Synopsys as AI deal spree accelerates
The deal adds to Nvidia’s slew of new partnerships in the artificial intelligence ecosystem Nvidia has invested US$2 billion in chip…
Business
Sanli Environmental raises about S$10 million in placement amid record order book
Catalist-listed Sanli Environmental raised gross proceeds of some S$10 million in its placement of nearly 38.5 million fully paid-up…
Business
SoftBank’s Son ‘cried’ about Nvidia stake sale to fund AI bets
The company needs to raise capital to fund projects including data centre construction SoftBank Group founder Masayoshi Son said he…
Business
Tim Robinson Finds Humanity—and Tests It—in “The Chair Company”
In this outline, “The Chair Company” could be a sketch premise: “guy loses it after embarrassing himself at a big meeting.” This was the…
Business
UK lenders approve more mortgages than expected in October, consumer lending cools
British lenders approved more mortgages than expected in October, despite concerns about finance minister Rachel Reeves’ budget, and…