Business
Wall Street ends lower; fears of AI bubble and inflation send investors away
Other companies that have benefited from AI bets but went into reverse on Friday included SanDisk The S&P 500 and the Nasdaq closed down…
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Business
Business
AI jitters knock Stoxx 600 lower, wiping out early-week gains
Investors also favour a likelihood of White House economic adviser Kevin Hassett becoming the next Fed chair, a scenario that could lead…
Business
Exclusive: PB5star’s New Racquet Shoe is a Lifestyle-performance Hybrid
PB5star’s new Cosmic shoe for racquet sports enthusiasts bridges the gap between a performance sneaker and an everyday casual shoe. While…
Business
In Depth: China bad-debt managers’ bet on bank stocks could backfire
A NEW player has emerged in the boardrooms of China’s major banks: the “Big Four” state-owned asset management companies (AMCs) created to…
Business
Nancy Shaver Is the Real Deal
The choreographer Marla Phelan is interested in the birth of stars—not Barbra Streisand or Lady Gaga but the cosmic kind. Working with the…
Business
OUE Reit secures S$100 million unsecured loan facility
Proceeds will be used for capital expenditure, working capital and general funding purposes OUE Real Estate Investment Trust (OUE Reit)…
Business
OUE Reit gets S$100 million unsecured loan facility
Proceeds will be used for capital expenditure, working capital and general funding purposes OUE Real Estate Investment Trust (OUE Reit)…
Business
Singapore stocks gain more ground on Friday; STI up 1.5%
Singapore stocks ended higher on Friday (Dec 12), following regional indices. The benchmark Straits Times Index (STI) gained 1.5 per cent…
Business
High service costs keep German inflation at 2.3% in November
A board shows the fuel prices at a petrol station in Duesseldorf in the morning. The Federal Statistical Office announces the inflation…
Business
Foxconn to invest US$510 million in Kaohsiung headquarters in Taiwan
Foxconn, the world’s largest contract electronics maker, said on Friday (Dec 12) it will invest US$509.94 million to build its Kaohsiung…
Business
Ringgit hits three-year high against Singdollar, four-year high versus greenback
The ringgit hit a three-year high against the Singapore dollar and a four-year high against the US dollar this week, as optimism around…
Business
Malaysian ringgit hits highest in four years on growth optimism
It rose 0.3% versus the greenback to 4.0955 on Friday, the highest since May 2021 The Malaysian ringgit reached the strongest level…
Business
Sumitomo to put US$1.3 billion into India renewable power projects
Sumitomo Corp will invest US$1.3 billion on several Indian renewable power projects, to take advantage of rapid growth in demand from…
Business
Millions live in cold houses in Europe: Where is fuel poverty worst?
Housing is a social right, yet tens of millions of Europeans are forced to live in cold homes. According to Eurostat, more than 41 million…
Business
Gold clings to 7-week high as investors gauge Fed trajectory; silver near record peak
GOLD prices held near a seven-week high on Friday, supported by expectations of more interest rate cuts next year after the US Federal…
Business
Seatrium back on track with estimated S$2 billion TenneT order: analysts
Analysts were positive on Seatrium’s latest contract win, stating that the marine engineering company was back on track in terms of its…
Business
Asian markets track Wall Street record after Fed cut
ASIAN equities rose on Friday as investors tracked a record day on Wall Street in the wake of the Federal Reserve’s latest interest rate…
Business
Philippine central bank chief tempers hawkish view, sees one more cut
PHILIPPINE central bank Governor Eli Remolona said monetary authorities may cut the benchmark interest rate one more time in the current…
Business
Singapore Strengthens Position as Global AI Logistics Hub with Dimerco Expansion
As global supply chains rapidly adapt to the growing demand for advanced technologies such as artificial intelligence (AI) and…
Business
SoftBank eyes data centre group switch as Son hunts for AI
SOFTBANK Group is studying potential acquisitions including data centre operator Switch Inc., as billionaire founder Masayoshi Son ramps…
Business
Hongkong Land shares jump 5.5% on news of S$8 billion real estate fund
Shares of Hong Kong Land soared as much as 5.5 per cent after the company announced plans to inject its interests in One Raffles Quay,…
Business
Hongkong Land shares close 3.5% down following news of S$8 billion real estate fund
Shares of Hongkong Land soared as much as 5.5 per cent after the company announced plans to inject its interests in One Raffles Quay,…
Business
Hongkong Land advances S$8 billion private real estate fund following Keppel Reit’s MBFC deal
It is expected to launch with an AUM more than double the value of the seed portfolio provided by Hongkong Land Hongkong Land on Friday…
Business
Hongkong Land hives off MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore real estate fund
New fund will be Singapore’s biggest private real estate fund and is part of group’s aim to grow its AUM to US$100 billion by 2035…