Business
Apollo weighs potential US$12 billion sale of Atlas Air
Apollo Global Management is exploring a potential sale of its aviation company Atlas Air Worldwide Holdings, according to sources familiar…
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Business
Business
Amazon in talks to invest in OpenAI, source says
AMAZON is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence…
Business
Drmtlgy Joins Ulta Beauty’s Roster
Ulta Beauty is continuing to ride the dermatological skin care boom, adding Drmtlgy to its assortment. Beginning Dec. 26, the skin care…
Business
Chip-sector linchpin Resonac seeks to tap China’s AI ambitions
Japan is home to a network of little-known companies that dominate in key materials that are indispensable for semiconductor manufacturing…
Business
Quadria Capital expands into the Middle East with new Dubai office
Healthcare-focused private equity firm Quadria Capital has expanded into the Middle East with a new Dubai office. This comes on the back…
Business
S&P Global shifts Genting companies’ outlook to negative on weaker credit quality forecasts
Group capital expenditure could double in 2026, with earnings ‘unlikely’ to keep pace S&P Global Ratings revised its outlook for the…
Business
Asian markets drift as US jobs data fails to boost rate cut hopes
ASIAN equities fluctuated on Wednesday as mixed US jobs data did little to boost expectations for another interest rate cut next month,…
Business
Visa offers stablecoin settlement for US banks using Circle’s USDC
Visa is opening its US network to stablecoin settlement, expanding crypto-linked products and services enabled by the relaxed regulatory…
Business
Tada commits S$1 million to put brakes on high-commission models
The initiative aims to reverse falling driver earnings and rising ride-hail prices Ride-hailing platform Tada has set its sights on its…
Business
Tada commits S$1 million to put brakes on high-commission ride-hailing models
The initiative aims to reverse falling driver earnings and rising ride-hail prices Ride-hailing platform Tada is challenging rivals such…
Business
Japan’s Mizuho to buy majority of India’s Avendus from KKR for up to 81 billion yen
Japan’s Mizuho Securities on Wednesday (Dec 17) said that it will buy a majority stake in Indian investment bank Avendus from US…
Business
Bessent sees one or two more Fed chair interviews this week
Trump is slated to interview the central bank governor Chris Waller on Dec 17 for the chair job Treasury Secretary Scott Bessent said…
Business
Gold ticks higher as US unemployment climbs in November
Gold climbed on Wednesday (Dec 17) after a US jobs report showed the unemployment rate rose in November, buoying bets of further US…
Business
OUE raises stake in OUE Healthcare to 89.7% with S$20.7 million share purchase
OUE says the transaction is in line with its commitment to the longer-term prospects of OUE Healthcare’s core business OUE has agreed to…
Business
Stocks to watch: Keppel, Keppel DC Reit, CICT, SingLand, UOL, Jardine C&C, F&N, Suntec Reit
The following companies saw new developments that may affect trading of their securities on Wednesday (Dec 17): Keppel, Keppel DC Reit:…
Business
China’s market revival hinges on gloomy economy turning corner
China’s markets shed the “uninvestable” tag this year. To bury it for good, investors say an acceleration in the domestic economy is…
Business
Waymo in talks to raise billions at over US$100 billion valuation: report
ALPHABET unit Waymo is in talks with potential investors to raise money at a valuation of at least US$100 billion, The Information…
Business
SBI Shinsei Bank to debut after second-biggest Japan IPO of 2025
The lender’s listing has boosted the total volume in the country’s IPO market to a seven-year high SBI Shinsei Bank will start trading in…
Business
SBI Shinsei Bank soars 11% from IPO price in Tokyo trading debut
The lender’s listing has boosted the total volume in the country’s IPO market to a seven-year high SBI Shinsei Bank surged as much as 11…
Business
China chipmaker MetaX debuts after wildly oversubscribed IPO
CHINA will have another major chip debut on Wednesday (Dec 17), eagerly watched by stock-market investors after the stellar gains by its…
Business
China chipmaker MetaX soars 569% after wildly oversubscribed IPO
Chinese IPOs have been strong this year, averaging a 250% pop on the first trading day China saw another spectacular debut by chipmaker…
Business
China chipmaker MetaX jumps 755% after wildly oversubscribed IPO
Chinese IPOs have been strong this year, averaging a 250% pop on the first trading day MetaX Integrated Circuits Shanghai soared in its…
Business
Warner Bros Discovery board rejects rival bid from Paramount
Warner Bros Discovery’s board rejected Paramount Skydance’s US$108.4 billion hostile bid on Wednesday (Dec 17), saying it failed to…
Business
Chagee, Mixue, Scarlett, Xiang Xiang: Singapore F&B is a cut-throat business, but some are still expanding
Even industry leaders such as Eggslut and Haidilao have been forced to exit or dial back expansion plans In 2025, eateries have shut down…