Business
August Global Partners raises US$150 million in final close of Healthcare fund
The fund seeks opportunities in healthtech, advanced manufacturing, digital health and precision medicine Fund manager August Global…
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Business
Business
Apple cuts jobs across its sales organisation in rare layoff
Employees who lost their jobs have until Jan 20 to secure another position within the company or they will be terminated with a severance…
Business
Amazon pledges up to US$50 billion to expand AI, supercomputing for US government
Tech companies are pouring billions of US dollars to develop AI infrastructure, boosting demand for computing power required to support…
Business
Alphabet races towards US$4 trillion valuation as AI-fuelled gains accelerate
Alphabet closed in on a US$4 trillion valuation on Monday (Nov 24), set to become only the fourth company to enter the exclusive club, as…
Business
US: Wall Street ends higher on tech rebound, rising rate cut bets
Wall Street stocks closed higher on Monday (Nov 24), extending on Friday’s rally as increased odds that the US Federal Reserve will lower…
Business
Europe: Shares recover on US rate-cut optimism; Ukraine peace talks in focus
Stoxx 600’s gains this year have been driven in part by defence stocks on prospects of higher Nato spending European shares ended higher…
Business
Olivia Nuzzi: Vanity Fair to Publish Abstract Unclothed Portrait of Disgraced Journalist as Staffers Grumble She's Escaping Core Job Duties
Vanity Fair's upcoming Hollywood issue will reportedly include an abstract nude portrait of disgraced editor Olivia Nuzzi — even though…
Business
Moody’s downgrades StanChart from ‘positive’ to ‘stable’
The move is in line with revisions to the rating agency’s credit assessment methodology for banks Credit rating agency Moody’s Ratings, on…
Business
US: Wall Street opens higher on Fed interest rate-cut expectations
Wall Street’s main indexes opened higher on Monday (Nov 24), buoyed by expectations of an imminent Federal Reserve interest rate cut in…
Business
Wee Hur Holdings prices S$30 million notes due 2030 at 4.8%
Property developer Wee Hur on Monday (Nov 24) launched and priced S$30 million worth of fixed-rate notes due in 2030 at 4.8 per cent.…
Business
Saudi Aramco weighs raising billions of dollars from its biggest disposals yet
Saudi Aramco is considering plans to raise billions of dollars by selling a range of assets, people familiar with the matter said, deals…
Business
Amid AI frenzy, concerns mount over sustainability of equity rally as valuations continue to soar
The bulls say the AI boom is unlike the dotcom boom in that the main players this time are extremely profitable giants such as Microsoft,…
Business
China's Unipec agrees to jet fuel term supply deal with Lufthansa
China’s state oil trader Unipec, a vehicle of refining giant Sinopec Corp, has signed a term deal to supply about 60,000 metric tons of…
Business
JTC, NUS to explore setting up new facility on Jurong Island to test green data centre innovations
Separately, refiner Aster will invest US$150 million in a new gas turbine, and inks deal to produce low-carbon hydrogen Industrial…
Business
Singapore stocks rise amid mixed regional trading; STI up 0.6%
Across the broader market, gainers outnumber losers 336 to 238 after 2.1 billion securities worth S$3.2 billion change hands Singapore…
Business
Revolut’s valuation hits US$75 million as it completes fundraising
Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation…
Business
Revolut’s valuation hits US$75 billion as it completes fundraising
Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation…
Business
Rupee gains as RBI returns to defend currency after slump
INDIA’S rupee bounced back after the Reserve Bank of India (RBI) resumed efforts to support it, following a sharp drop last Friday when…
Business
DBS said to revise Alliance Bank offer proposal to 30% stake
It made the decision after failing to get approval for its initial request to buy as much as 49% Singapore’s biggest bank has withdrawn an…
Business
Old images of captured weapons falsely shared as recent seizure
As the Myanmar junta seized key townships from rebel groups ahead of elections in December, old photos from a munitions bust in November…
Business
Dubai property frenzy sets developers on a US$6 billion debt spree
From Islamic bonds to private credit, they ride one of the Gulf country’s longest real estate booms in years Property developers in the…
Business
Breaking Barriers in Cloud Health Monitoring
Think of an evening in late 2025, where a single AWS region flickers for just 17 minutes; but with an impact that is brutal. A large…
Business
From Security to Simplicity: The Top 5 Wallets Powering the Next Wave of Crypto Adoption
As cryptocurrency adoption surges beyond early enthusiasts and into mainstream finance, the tools users rely on to secure, store, and…
Business
Thailand eyes tougher gold-trade rules after baht swings
Thailand’s central bank plans to tighten reporting rules for gold transactions after rising bullion flows contributed to swings in the…