Business
Sergio García Sánchez’s “Sudden Shower”
“I wanted to re-create the exact moment when passersby are caught in the rain,” the Spain-based artist Sergio García Sánchez said about…
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Business
Business
India’s Bharti Airtel posts surge in quarterly profit as higher-paying users grow
Bharti Airtel, India’s second-largest mobile carrier by number of users, posted its sixth straight quarterly profit rise on Monday (Nov…
Business
US: Wall Street opens higher on optimism for AI demand
Wall Street kicked off November on firmer ground on Monday (Nov 3), driven by optimism around AI demand with OpenAI and Amazon striking a…
Business
OpenAI, Amazon strike US$38 billion agreement for ChatGPT maker to use AWS
The deal is among the first major moves by OpenAI since it completed a restructuring last week Amazon.com will supply OpenAI with cloud…
Business
Indonesia central bank chief sees room for another rate cut
Indonesia’s central bank governor said on Monday (Nov 3) there was still room for another interest rate cut, but the timing would depend…
Business
NetLink Trust posts 10.2% drop in H1 profit to S$43.5 million on higher depreciation
Fibre network provider NetLink NBN Trust on Monday (Nov 3) posted a 10.2 per cent drop in net profit to S$43.5 million for the half-year…
Business
Microsoft signs US$9.7 billion AI cloud deal with Australia’s IREN to secure Nvidia systems
Once fully implemented, the deal is expected to generate about US$1.94 billion a year for IREN Microsoft has signed an approximately…
Business
MAS to encourage livelier capital markets for alternative risk financing, strengthening Singapore’s insurance hub status
The central bank will extend its support to cover non-Apac risks and renewable energy products, while continuing to prioritise solutions…
Business
At Ninety, Arvo Pärt and Terry Riley Still Sound Vital
In the spring of 1976, a Latvian architecture student named Hardijs Lediņš organized a music festival at the Riga Polytechnic Institute.…
Business
The Surprising Endurance of Martha Stewart’s “Entertaining”
To most readers, this will seem like fantasy. To Stewart, it was a snapshot of real life. She grew up in a large, middle class Polish…
Business
Wee Hur selling Adelaide student accommodation property for S$14.2 million
The buyer is Grenfell Trust, an indirect 90.48 per cent owned sub-trust of Wee Hur PBSA Fund III A Wee Hur Holdings announced that its 80…
Business
Singapore stocks track regional market gains; STI up 0.4%
Local telco Singtel is the most actively traded counter on the STI by volume. It ends the day at S$4.26, 0.2% up Local shares ended Monday…
Business
Eni, Petronas merge Indonesia, Malaysia assets in joint venture
The new entity, NewCo, will manage 19 assets, 14 in Indonesia and five in Malaysia Italy’s Eni and Malaysia’s state energy company…
Business
India’s RBI is back defending rupee as October gains fizzle
THE Indian rupee is inching closer to a new low again, with the central bank’s recent interventions providing only a limited respite for…
Business
CDLHT poised to benefit from interest-rate cuts as hotel outlook improves
CDL Hospitality Trusts (CDLHT) is shaping up to become one of the key beneficiaries of falling interest rates. The weighted average cost…
Business
Singapore share buyback consideration hits 10-year high of S$1.91 billion
Share buybacks on the Singapore Exchange (SGX) have surged to a 10-year high, the local bourse reported on Monday (Nov 3). Companies…
Business
Gold bugs’ bankers take a step back in time
Clients increasingly want to hold gold as a portfolio hedge, so banks are responding with old-fashioned customer service and commensurate…
Business
Chinese jewellers to bear the brunt of gold tax change
The changes will spur more member buying and curb off-book gold trades, pushing volumes to the bourse Chinese jewellers and smaller firms…
Business
Seatrium to sell ship-owning unit to Brazilian vessel operator for US$59.7 million
This is in line with its strategy of divesting non-core assets to enhance capital and operational efficiencies Seatrium is selling its…
Business
Hong Kong to allow crypto exchanges to tap global capital pools
The former British colony’s three-year push to become a regional leader in digital assets has so far delivered mixed results Hong Kong…
Business
CapitaLand Investment and Mapletree Investments mull merger: report
The process is part of recent moves by Temasek-owned entities to evaluate options to reshape portfolio companies into stronger global…
Business
Trump says Nvidia’s Blackwell AI chip not for ‘other people’
Nvidia has not sought US export licenses for the Chinese market because of Beijing’s stance on the company, CEO Jensen Huang says…
Business
Hyundai Motor Group signs MOU with EDB to advance low-carbon, hydrogen technologies
The group is currently exploring various potential collaborations with Singapore-based companies and start-ups Hyundai Motor Group (HMG)…
Business
Jardine C&C’s Astra posts 9-month net income slide of 6% to 24.7 trillion rupiah
Indonesia conglomerate Astra International reported on Friday (Oct 31) that its net income for the nine months ended Sep 30 slid 6 per…