Business
Google lays off dozens of workers in Sunnyvale
Google said it plans to lay off dozens of workers at its Sunnyvale offices, following job reductions at other large tech firms. Google…
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Business
Business
Enhancing Open-Source Software: The Contributions of Radhakrishnan Pachyappan
The other side of open-source software is its role as the underlying building blocks of many applications in use today by businesses,…
Business
Fu Yu closes investigations into supply chain unit, sees ‘no merit’ in taking action against individuals involved
Precision manufacturer Fu Yu Corporation will close its investigations into irregularities at its wholly owned supply chain unit, and will…
Business
US: Wall St opens higher as rate-cut hopes drive momentum
Wall Street’s main indexes opened higher on Friday (Oct 3) as optimism about an imminent interest-rate cut by the Federal Reserve boosted…
Business
AI spending boom is a bubble that will pay off: Bezos
Amazon.com chairman Jeff Bezos said that the spending on artificial intelligence resembles an “industrial bubble” that could lead to lost…
Business
Surge in interest, capital into private credit as investors retool portfolios
A large majority of them are intending to make an allocation to a private debt fund: Preqin More capital has been flowing into private…
Business
Net-Zero Banking Alliance formally winds down after Wall Street exodus
THE world’s biggest climate alliance for banks said on Friday (Oct 3) that it has ceased operations, bringing to a formal end a project…
Business
Singapore shares continue to climb; STI up 0.4%
Across the broader market, gainers beat losers 336 to 247, as 1.6 billion securities worth S$1.7 billion change hands Singapore stocks…
Business
Huawei used TSMC, Samsung, SK Hynix components in top AI chips: TechInsights
[WASHINGTON, DC] Huawei Technologies used advanced components from Asia’s largest technology firms in at least some of its leading Ascend…
Business
Hong Kong stocks retreat from four-year high as investors pocket gains
Hong Kong stocks fell on Friday (Oct 3) as investors locked in gains after the benchmark index hit a new four-year high in the previous…
Business
Budget Chinese carrier Spring Airlines mulls Hong Kong listing: sources
The airline has been more consistent in posting profit than the country’s main state-run carriers Chinese budget carrier Spring Airlines…
Business
Singapore banks to enforce 24-hour cooling period for digital transactions exceeding 50% of account balance
This is for current and savings accounts, including joint ones, with balances of at least S$50,000 In a move to fortify protections…
Business
GIC’s chief investment officer warns of AI bubble risk
If artificial intelligence technology fails to meet the high expectations priced in by the market, it could result in a sudden loss of…
Business
DBS gains S$26 billion in value, widening lead against OCBC
The bank is more efficiently run versus its peers and has more of a focus to reward shareholders, says Tareck Horchani of Maybank…
Business
Elon Musk’s US$1 trillion pay plan faces pushback from investors, state officials
Despite reporting record quarterly deliveries, Tesla faces worries that the expiration of the US EV tax credit could turn the buying rush…
Business
BOJ’s Ueda warns of global uncertainty, keep markets guessing on next hike
Japan’s economy is weathering the hit from US tariffs so far, the governor says Bank of Japan (BOJ) governor Kazuo Ueda said inflation was…
Business
Nomura unit Laser targets Japan’s booming crypto trading market
The news comes with crypto pushing further into mainstream financial services in the country Nomura Holdings plans to expand in Japan’s…
Business
Vietnam central bank vows to push growth, limiting credit risks
The trade levies are putting upward pressure on inflation and adding pressure on the currency The State Bank of Vietnam plans to keep…
Business
BlackRock’s GIP nears US$40 billion deal to buy Aligned Data Centers in bet on AI
Global Infrastructure Partners already owns Dallas-based data centre company CyrusOne with KKR BlackRock’s Global Infrastructure Partners…
Business
Blackstone hits US$10 billion Asia buyout fund goal amid private equity chill
The world’s biggest asset manager’s fundraising comes as global investors are growing more cautious about private equity Blackstone hit a…
Business
Global investment firm Arena Investors to shut Singapore office
Global multi-strategy investment firm Arena Investors is shutting its Singapore office and seeking to reallocate resources elsewhere,…
Business
Gold poised for seventh weekly rise on Fed rate-cut hopes
Gold held steady on Friday (Oct 3) and was set for a seventh straight weekly gain, buoyed by expectations of further US interest rate cuts…
Business
The mysterious billionaire boss at Jane Street smashing trading records
Rob Granieri took to the dance floor with long hair flowing from his fedora, shiny jacket glinting and a boutonnière bursting with colour.…
Business
Singapore F1 Grand Prix: stocks to watch
Events like this race are signals of longer-term opportunities rather than chances for quick profit, says eToro analyst Zavier Wong As the…