Business
Zijin Gold delays US$3.2 billion IPO as typhoon pummels Hong Kong
Zijin Gold International delayed its US$3.2 billion listing after Super Typhoon Ragasa slammed Hong Kong, bringing the city to a…
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Business
Cathie Wood buys Alibaba after four years in China comeback
Cathie Wood’s funds reopened positions in Alibaba Group Holding for the first time in four years, just as the stock rallied to a multiyear…
Business
In just one year, Google turns AI setbacks into dominance
CAUGHT off guard by ChatGPT and mocked for early blunders with its own generative artificial intelligence efforts, Google has pulled off a…
Business
China’s new market tool steers clean energy to where it’s needed
Wind developers will also get about 40 per cent more for their electricity than their solar rivals Two of China’s industrial powerhouses…
Business
Gold steady near record high as markets assess Powell’s comment
The US weekly initial jobless claims report is due on Thursday, followed by the Personal Consumption Expenditures index, the Fed’s…
Business
New Zealand appoints Anna Breman as central bank governor
New Zealand Finance Minister Nicola Willis on Wednesday announced that Anna Breman has been appointed as the country’s new central bank...…
Business
Hong Kong bankers pack luxury hotels near offices for typhoon trading
Ragasa has pushed some conferences and forums scheduled for Wednesday and Thursday online, including a gathering on fixed income and…
Business
Food Empire raises S$42.8 million from placement of 17 million treasury shares
The placement is expected to broaden the company’s investor base and position it for future growth opportunities Food Empire raised around…
Business
Stocks to watch: Seatrium, Food Empire, Frasers Property, Frasers Centrepoint Trust
The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 24): Seatrium: The offshore,…
Business
Stocks to watch: Seatrium, Food Empire, Frasers Property, Frasers Centrepoint Trust, Keppel
The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 24): Seatrium: The offshore,…
Business
Seatrium divests AmFELS shipyard in Texas for S$65 million
It allows the group to enhance capital and operational efficiencies, while unlocking value from one of its surplus facilities Offshore,…
Business
KKR, Blackstone make US$17 billion natural gas bet after AI boost
Private credit lenders have been increasingly focused on investment-grade companies and large public firms for financing opportunities as…
Business
Central Bank’s New Brazilian Forex Rules Could Impact Crypto Exchanges
Brazil’s central bank (BCB) has proposed new rules for the forex sector that may place further restrictions on the country’s crypto…
Business
Crypto giant Tether seeks US$500 billion valuation in major raise
The El Salvador-based company has made a fortune by parking the reserves that back its token in cash-like assets, including US Treasuries,…
Business
Fed’s Powell strikes middle path on inflation, jobs, as others take sides
US Federal Reserve Chair Jerome Powell said on Tuesday the central bank needed to continue balancing the competing risks of high inflation…
Business
Micron gives solid forecast after AI boosts memory demand
Demand for data centre equipment is stretching the ability of companies to keep up with orders Micron Technology, the largest US maker of…
Business
Oil settles up US$1/bbl as restart of Kurdish oil exports stalls
Oil prices settled up more than US$1 a barrel on Tuesday after a deal to resume exports from Iraq’s Kurdistan stalled, pacifying some…
Business
Europe: Shares rise as US spending boosts luxury stocks
EUROPEAN stocks touched their highest in more than a week on Tuesday, lifted by a rally in luxury goods companies on higher US spending…
Business
OpenAI, Oracle, SoftBank plan five new AI data centres for US$500 billion Stargate project
Artificial intelligence is a priority for Trump and tech companies that are pouring billions into building the computers that are…
Business
US: Stocks retreat from records as tech giants fall
Wall Street stocks fell on Tuesday, snapping a series of record-setting sessions as Nvidia, Amazon and other large tech names retreated…
Business
Nvidia to invest $100 billion in OpenAI to build data centers
Nvidia plans to invest $100 billion in OpenAI, giving the ChatGPT maker a huge war chest to build data centers with the chip maker’s…
Business
Can Dick’s Restructure Foot Locker? Analysts React
Fashion, footwear and retail mergers are not for the faint of heart. Dick’s Sporting Goods earlier this month completed its $2.5 billion…
Business
Singapore businesses gear up for an uncertain 2026
Local firms are bracing for risks but see opportunities in digitalisation and green growth SINGAPORE companies head into 2026 under the…
Business
Revolut to spend US$13 billion on its push for 100 million users
Revolut plans to enter 30 new geographies by the end of the decade, a strategy that will ultimately see the fintech invest US$13 billion…