Business
Asia: Stocks surge into weekend with US rate cut ‘seemingly locked in’
ASIAN markets surged again on Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a…
Section
Business
Business
SK Hynix shares hit record with news of AI memory milestone
SK Hynix’s stock climbed as much as 5.9 per cent on Friday (Sep 12) to a record after the company announced it had completed development…
Business
Yangzijiang Financial soars 8.3% amid heavy trading
Shares of investment management company Yangzijiang Financial rose on Friday (Sep 12) morning, fuelled by heavy trading. The counter rose…
Business
Yangzijiang Financial soars 8.3% as most traded SGX counter by volume
Shares of investment management company Yangzijiang Financial rose on Friday (Sep 12) morning, fuelled by heavy trading. The counter rose…
Business
Yangzijiang Financial soars 8.3% to record high, tops SGX as most-traded counter
The company will be added to STI’s reserve list, comprising the five highest-ranking non-constituents of the index by market…
Business
Yangzijiang Financial closes 7.4% higher amid heavy trading, hits record in intra-day trade
The company will be added to STI’s reserve list, comprising the five highest-ranking non-constituents of the index by market…
Business
A key BMW dealer in China expects to ‘suffer’ before rebound
Sime Darby also sells the German luxury vehicles in eight other markets, including Indonesia, Thailand, Australia, Singapore and Malaysia…
Business
Gold set for fourth weekly rise as US data lifts rate-cut hopes
Gold prices rose on Friday (Sep 12) and were headed for a fourth consecutive weekly gain, as fears of a weakening US labour market…
Business
CapitaLand Commercial C-Reit’s public offer 535 times subscribed; 2.29 billion yuan raised from its Shanghai IPO
CapitaLand Investment, CapitaLand China Trust, CapitaLand Development to hold 20% of offer units CapitaLand Investment (CLI) on Friday…
Business
Stocks to watch: CapitaLand Investment, CapitaLand China Trust, Frasers Hospitality Trust, TalkMed, Low Keng Huat, IReit Global
The following companies saw new developments that may affect trading of their securities on Friday (Sep 12): CapitaLand Investment (CLI);…
Business
Hong Kong stock ETFs get record China money on AI, biotech craze
Mainland retail traders are being lured by the outperformance of the city’s equities Hot themes from artificial intelligence (AI) to…
Business
Winklevosses’ crypto exchange Gemini raises US$425 million in IPO
Nasdaq has agreed to buy US$50 million worth of shares in a private placement at the initial public offering price Gemini Space Station…
Business
Paramount Skydance prepares bid for Warner Bros Discovery, source says
PARAMOUNT Skydance is preparing a bid to buy Warner Bros Discovery, a source familiar with the matter told Reuters on Thursday,…
Business
FTC launches inquiry into AI chatbots of Alphabet, Meta and others
THE US Federal Trade Commission on Thursday said it is seeking information from several companies including Alphabet, Meta Platforms and…
Business
Gold surpasses inflation-adjusted record high set in 1980
The precious metal has risen nearly 40% this year as US President Donald Trump has cut taxes, expanded his global trade war Gold has…
Business
Microsoft, OpenAI reach non-binding deal to allow OpenAI to restructure
MICROSOFT and OpenAI said on Thursday they have signed a non-binding deal for new terms of their relationship that would allow OpenAI to…
Business
Europe: Stoxx 600 ends higher after ECB’s expected ‘hold’ verdict, defence stock boost
EUROPEAN shares finished higher on Thursday as a rally in defence stocks helped lift the main index, with investors taking in a widely…
Business
Microsoft to put more computing power behind in-house AI models
The world’s largest software maker has mostly relied on large language models from the ChatGPT maker to power its products Microsoft plans…
Business
US: Major indexes notch fresh records on rate cut hopes
Wall Street’s major indexes hit fresh records on Thursday as US inflation and jobless claims data added to conviction that the Federal…
Business
The Muted, Melancholy Synesthetics of “The History of Sound”
In “The History of Sound,” a new romantic drama set during and after the First World War, passion is an intensely private thing, and in…
Business
IReit Global’s German subsidiaries served with payment order by former tenant
The dispute stems from a dilapidation cost agreement made with the former main tenant of its Berlin Campus Subsidiaries of IReit Global…
Business
Frasers Hospitality Trust to suspend trading on Sep 12, expected to delist on Oct 6
Payment for the scheme consideration to eligible securityholders is set to be made on or around Sep 30 Frasers Hospitality Trust (FHT) has…
Business
Apple analyst sentiment hits five-year low after two downgrades
Apple was hit with a pair of downgrades on Thursday (Sep 11), in the latest sign of caution towards the iPhone maker, which has sharply…
Business
US: Wall St opens higher after inflation data keeps rate cut bets firm
Wall Street’s main indexes opened slightly higher on Thursday (Sep 11) after the latest inflation reading kept the US central bank on…