Business
Microsoft signs US$9.7 billion AI cloud deal with Australia’s IREN to secure Nvidia systems
Once fully implemented, the deal is expected to generate about US$1.94 billion a year for IREN Microsoft has signed an approximately…
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MAS to encourage livelier capital markets for alternative risk financing, strengthening Singapore’s insurance hub status
The central bank will extend its support to cover non-Apac risks and renewable energy products, while continuing to prioritise solutions…
News
Two Men Hospitalized After Four-Vehicle Collision Near Singapore's Changi Airport
Two men were rushed to hospital following a chain collision near Changi Airport on Sunday night, November 2. The Singapore Civil Defense…
Business
At Ninety, Arvo Pärt and Terry Riley Still Sound Vital
In the spring of 1976, a Latvian architecture student named Hardijs Lediņš organized a music festival at the Riga Polytechnic Institute.…
Business
The Surprising Endurance of Martha Stewart’s “Entertaining”
To most readers, this will seem like fantasy. To Stewart, it was a snapshot of real life. She grew up in a large, middle class Polish…
Culture
A Bulgarian Novelist Explores What Dies When Your Father Does
That’s where time visibly slows down, it dozes off in the corners, blinking like a cat looking through thin blinds. It’s always afternoon…
Culture
Anthony Hopkins’s Beckettian Memoir
Hamlet, to say the least, was in a similar pickle, and it’s almost comically appropriate that Hopkins’s memoir should be so…
News
Waymo killed KitKat. California neighborhood mourns a corner-store cat
San Francisco has been mourning the death of KitKat, a beloved corner-store cat who died after being struck by a Waymo robotaxi last week.…
Business
Wee Hur selling Adelaide student accommodation property for S$14.2 million
The buyer is Grenfell Trust, an indirect 90.48 per cent owned sub-trust of Wee Hur PBSA Fund III A Wee Hur Holdings announced that its 80…
Business
Singapore stocks track regional market gains; STI up 0.4%
Local telco Singtel is the most actively traded counter on the STI by volume. It ends the day at S$4.26, 0.2% up Local shares ended Monday…
Business
Eni, Petronas merge Indonesia, Malaysia assets in joint venture
The new entity, NewCo, will manage 19 assets, 14 in Indonesia and five in Malaysia Italy’s Eni and Malaysia’s state energy company…
Business
India’s RBI is back defending rupee as October gains fizzle
THE Indian rupee is inching closer to a new low again, with the central bank’s recent interventions providing only a limited respite for…
Business
CDLHT poised to benefit from interest-rate cuts as hotel outlook improves
CDL Hospitality Trusts (CDLHT) is shaping up to become one of the key beneficiaries of falling interest rates. The weighted average cost…
Business
Singapore share buyback consideration hits 10-year high of S$1.91 billion
Share buybacks on the Singapore Exchange (SGX) have surged to a 10-year high, the local bourse reported on Monday (Nov 3). Companies…
Business
Gold bugs’ bankers take a step back in time
Clients increasingly want to hold gold as a portfolio hedge, so banks are responding with old-fashioned customer service and commensurate…
Business
Chinese jewellers to bear the brunt of gold tax change
The changes will spur more member buying and curb off-book gold trades, pushing volumes to the bourse Chinese jewellers and smaller firms…
Business
Seatrium to sell ship-owning unit to Brazilian vessel operator for US$59.7 million
This is in line with its strategy of divesting non-core assets to enhance capital and operational efficiencies Seatrium is selling its…
Business
Hong Kong to allow crypto exchanges to tap global capital pools
The former British colony’s three-year push to become a regional leader in digital assets has so far delivered mixed results Hong Kong…
Business
CapitaLand Investment and Mapletree Investments mull merger: report
The process is part of recent moves by Temasek-owned entities to evaluate options to reshape portfolio companies into stronger global…
Business
Trump says Nvidia’s Blackwell AI chip not for ‘other people’
Nvidia has not sought US export licenses for the Chinese market because of Beijing’s stance on the company, CEO Jensen Huang says…
Business
Hyundai Motor Group signs MOU with EDB to advance low-carbon, hydrogen technologies
The group is currently exploring various potential collaborations with Singapore-based companies and start-ups Hyundai Motor Group (HMG)…
Business
Jardine C&C’s Astra posts 9-month net income slide of 6% to 24.7 trillion rupiah
Indonesia conglomerate Astra International reported on Friday (Oct 31) that its net income for the nine months ended Sep 30 slid 6 per…
Business
Asia: Most markets rise on lingering trader optimism
Most stocks rose in Asian trade on Monday (Nov 3) after a busy last week, with optimism supported by another AI-led tech rally on Wall…
Business
Gold falls on stronger US dollar as investors trim rate-cut bets
The US central bank cut interest rates on Wednesday by a quarter of a percentage point for the second time this year Gold prices slipped…