Business
Data centre boom brings risks of overbuilding, Ares’ says
Alternative asset management giants have poured into data centre projects as a way to cash in on booming demand for processing power…
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Business
Business
RBNZ surprises with larger rate cut, sparking currency drop
Growth has been tepid since a deep recession in 2024 despite the the central bank’s aggressive easing cycle New Zealand’s central bank cut…
Business
Aspial Corp, Koh family-linked entity move privatise AF Global for S$31.8 million consideration
A consortium comprising Aspial Corp and an entity linked to the Koh family behind it has launched a bid to privatise mainboard-listed AF…
Business
Aspial Corp, Koh family-linked entity move to privatise AF Global for S$31.8 million
A consortium comprising jewellery retailer Aspial Corp and an entity linked to the Koh family behind it has launched a bid to privatise…
Business
Aspial Corp, Koh family-linked entity move to privatise AF Global for S$31.8 million as it sells stake in Knight Frank Singapore
The offeror, AFG Investment, is looking to acquire a 27.35% stake in the mainboard-listed group for S$0.11 per share A consortium…
Business
Tesla debuts ‘affordable’ Model Y and 3 that strike some as too expensive
Musk has been pivoting the company towards artificial intelligence, focusing on robotaxis and humanoid robots, but the new cars are key to…
Business
Gold prices hit record high, nears US$4,000 per ounce mark on safe-haven demand
Gold prices climbed to an all-time high on Wednesday (Oct 8), nearing the crucial US$4,000-per-ounce level, bolstered by economic and…
Business
Gold vaults over US$4,000 on rush to safety and Fed easing bets
Gold smashed through US$4,000 an ounce to hit a record high on Wednesday (Oct 8), driven by investors seeking safety from mounting…
Business
Gold builds on historic rally, soars past US$4,000 an ounce for first time
Gold pushed through US$4,000 an ounce to hit a record on Wednesday (Oct 8), driven by investors seeking safety from mounting economic and…
Business
Gold zooms past US$4,000 for first time in historic flight to safety
Gold raced past US$4,000 an ounce for the first time on Wednesday (Oct 8) as investors piled into a historic rally in the safe haven to…
Business
Keppel Reit to buy 75% stake in Sydney mall for A$393.8 million, in its first retail pure play
The purchase of its first pure-play retail asset marks its expansion into the retail sector Keppel Real Estate Investment Trust (Reit) has…
Business
Keppel Reit to buy 75% stake in Sydney mall for A$393.8 million in first retail pure play purchase
This marks its expansion into the retail sector, the manager’s chief executive says Keppel Real Estate Investment Trust (Reit) has entered…
Business
Keppel Reit to buy 75% stake in Sydney mall for A$393.8 million in first pure-play retail purchase
This marks its expansion into the retail sector, the manager’s chief executive says Keppel Real Estate Investment Trust (Reit) has entered…
Business
Nvidia to invest in Musk’s xAI as part of US$20 billion funding
Data centre capacity is seen as a necessity for developing top AI models, though some have debated how much computing power can improve…
Business
Stocks to watch: DBS, Keppel Reit, NetLink NBN Trust, StarHub, Info-Tech
The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 8): DBS Bank: The bank’s shares…
Business
Ikea buys US logistics tech firm Locus in online growth push
[LONDON/STOCKHOLM] Ikea has acquired US logistics technology firm Locus, the two companies said on Tuesday (Oct 7), a deal the Swedish…
Business
October Prime Day Sees Footwear Deals Up to 70% Off on Nike, New Balance, Cole Haan, Ugg and More
If you purchase an independently reviewed product or service through a link on our website, WWD may receive an affiliate commission.…
Business
Intel to reveal tech details on forthcoming PC chip: sources
The Panther Lake chips are the company’s high-end mobile processors that are typically included in more expensive laptops Intel plans to…
Business
Dell raises growth targets for next four years on strong AI server demand
The company continues to expect revenue growth of 2 to 3 per cent for its client solutions group, which includes personal computers Dell…
Business
Oil settles flat amid Opec+ output hike, supply glut fears
Oil prices steadied on Tuesday (Oct 7) as investors weighed a smaller-than-expected increase to the Organization of the Petroleum…
Business
US: Wall Street retreats from record closing highs as economic worries mount
US stocks closed lower on Tuesday (Oct 7) as investors, deprived of economic data resulting from the shuttered government, looked to…
Business
Europe: Luxury rebound in France cushions European stock losses amid turmoil
European stocks slipped on Tuesday (Oct 7), dragged down by healthcare and bank shares, while a luxury-led rebound in France kept regional…
Business
Info-Tech Systems’ CFO to resign, shortly after SGX mainboard listing
Gan Lai Thong’s last day in the role will be Dec 31, 2025; no replacement announced yet The chief financial officer (CFO) of software…
Business
StarHub prices S$200 million perpetual securities at 3.35%
Net proceeds from the issue will be used to finance the group’s general corporate funding requirements and investments StarHub has priced…