Business
Former mm2 Asia subsidiary Vividthree receives letter of demand for S$1.2 million
Former mm2 Asia subsidiary Vividthree on Wednesday (Jan 7) announced that it received a letter of demand from UOB for nearly S$1.2…
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Business
Business
Former mm2 Asia subsidiary Vividthree dives 17% on news of payment demand from UOB
Former mm2 Asia subsidiary Vividthree on Wednesday (Jan 7) announced that it received a letter of demand from UOB for nearly S$1.2…
Business
Trump-linked World Liberty Financial seeks license to launch trust bank
The company says that it plans to allow conversion services between US dollars and USD1 without fees at launch World Liberty Financial, a…
Business
China asks tech firms to halt orders for Nvidia’s H200 chips: report
Beijing has asked some Chinese tech companies to halt orders for Nvidia’s H200 chips this week, and is expected to mandate domestic…
Business
Samsung expects record Q4 operating profit, beating expectations
Samsung Electronics on Thursday projected a 208 per cent jump in fourth-quarter operating profit from a year earlier, beating analysts’…
Business
Flight to quality, dividends lift DBS and OCBC to all-time highs, but analysts warn valuations look expensive
Among Singapore banks, UOB lags peers as investors await greater earnings clarity Attractive dividend yields have pushed DBS and OCBC to…
Business
Jefferies takes US$30 million hit on First Brands as profit drops
Jefferies Financial Group posted a drop in quarterly profit as the bank took a US$30 million pre-tax loss tied to the collapse of…
Business
JPMorgan reaches deal to take over Apple credit card: report
JPMorgan Chase has reached a deal to take over Apple’s credit-card programme from Goldman Sachs, The Wall Street Journal reported on…
Business
JPMorgan to replace Goldman as Apple Card issuer
The deal is subject to regulatory approvals and is not expected to close for roughly two years JPMorgan Chase and Apple on Wednesday (Jan…
Business
ExxonMobil signals lower oil prices could hit fourth-quarter upstream profit
US OIL major ExxonMobil said on Wednesday that lower crude oil prices could cut its fourth-quarter upstream earnings by about US$800…
Business
World’s worst bond market faces another big supply shock
A major driver in the increase in net supply is the central bank’s slowdown in buying Japan’s government bond market is set for another…
Business
European stocks cool as traders assess Venezuela fallout, economic data
EUROPEAN stocks ended flat on Wednesday, snapping a run of record closes as investors paused to digest the latest US-Venezuela…
Business
US stocks: S&P 500 ends lower; AI stocks lift Nasdaq
The S&P 500 ended lower on Wednesday, pulled down by declines in JPMorgan, Blackstone and other financials, while Nvidia and Alphabet…
Business
‘RichTok’ Influencer Becca Bloom Shows Off Custom Invitations and ‘Most Valued Possession’ from Her Viral 2025 Wedding
NEED TO KNOW Becca Bloom shared a video on TikTok, filling her custom Louis Vuitton wedding box with several goodies from her viral Lake…
Business
RFK Jr. Parrots Pete Hegseth, Says America Is Too Fat for War
“What’s allowed him to escape, you know, Houdini-like, is the Roberts court and the fact that he’s been able to manipulate the levers of…
Business
Chinese AI server leader xFusion hires investment bank in first step towards listing
The Chinese authorities have fast-tracked IPOs in the AI and chipmaking sectors due to US’ curbs on high-tech exports China’s leading…
Business
JPMorgan replaces proxy advisers with AI for voting US shares
The internal AI platform, dubbed Proxy IQ, will now be used to manage votes and analyse data on more than 3,000 annual company meetings…
Business
Wall St opens muted after AI-driven rally; labour data in focus
Wall Street’s main indexes opened muted on Wednesday (Jan 7), as investors took a breather after an AI-driven rally in the previous…
Business
AI ‘fatigue’ leaves investors focused on S&P’s other 493 stocks
A growing number of investors are now wagering that run, led by the Magnificent Seven, is about to end Bets on artificial intelligence…
Business
Holiday shoppers spent a record amount online, searching out deals amid economic anxiety
Consumers splurged this last holiday season, enticed by good deals even as they worried about growth and inflation. Online shoppers spent…
Business
iFast’s proposed acquisition of Financial Alliance stake could be more exciting than it looks
The relatively modest investment could burnish the growth strategy of iFast, which is on track for a multi-year growth trajectory When…
Business
Frasers Centrepoint Trust secures S$400 million green loan facility
This involves term loan and revolving credit facilities from DBS, OCBC and Maybank Frasers Centrepoint Trust (FCT) has entered into a…
Business
Warner Bros rejects revised Paramount bid as risky leveraged buyout
Warner Bros Discovery’s board has unanimously turned down Paramount Skydance’s latest attempt to acquire the studio, saying its revised…
Business
Warner Bros rejects revised Paramount bid, sticks with Netflix
The offer hinges on ‘extraordinary amount of debt financing’ that heightens risk of closing, the board tells shareholders Warner Bros…