Business
US regulator grants crypto firms initial approval to launch trust banks
The regulator still has to sign off with a final stamp of approval before each of the trust banks can begin to operate Crypto giants,…
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Business
Business
Bitcoin hoarding company Strategy remains in Nasdaq 100
Bitcoin hoarding giant Strategy clung to its place in the Nasdaq 100 on Friday (Dec 12), continuing its year-long stint in the benchmark…
Business
Musk’s X posts higher sales amid costly turnaround
Sales at Elon Musk’s X jumped during the third quarter, but the social network is still dealing with significant costs – including from…
Business
Intel nears US$1.6 billion deal for AI chip startup SambaNova
Intel is in advanced talks to acquire artificial intelligence (AI) chip startup SambaNova Systems for about US$1.6 billion, including…
Business
Oracle denies report on OpenAI data centre delays
Oracle denied on Friday (Dec 12) a media report that it was delaying OpenAI-related data centres, following investor worries over its…
Business
Google faces 110 million euros French asset freeze after Russian ruling, documents show
[PARIS/MOSCOW] The administrator of Google’s defunct Russian business has obtained a temporary freeze on some 110 million euros (S$167…
Business
Fed officials split over risks to US economy going into 2026
The Fed cut its benchmark rate by a quarter percentage point for a third consecutive meeting in response to rising unemployment US Federal…
Business
Lululemon’s CEO Switch and the Perception of Reality
Chief executive officers live in that amorphic, ever-changing space between perception and reality. There’s the business they run, which…
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…
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…