Business
DBS jumps 3% to new all-time high, drives market cap past S$150 billion
Shares of DBS climbed as much as 3 per cent on Tuesday (Oct 7), driving its market capitalisation beyond S$150 billion. The counter hit…
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Business
Business
Two Australian pensions confirm merger to form A$235 billion fund
Aware Super, one of Australia’s largest pensions, confirmed plans to merge with smaller rival TelstraSuper to form a A$235 billion (S$201…
Business
Gold notches fresh high on safe-haven demand, Fed rate-cut bets
Non-yielding gold thrives in a low-interest-rate environment and during economic uncertainties Gold prices rose to an all-time high on…
Business
Eli Lilly to invest US$1 billion in India contract manufacturing
The investment plan comes days after US President Donald Trump announced a 100% tariff on imported branded or patented drugs Eli Lilly…
Business
Cboe gets nod to list firms in Australia in threat to ASX
With the approval, companies will be able to list on an exchange run by the US firm in the country Cboe Global Markets received regulatory…
Business
CapitaLand Ascendas Reit to acquire 3 Singapore properties for about S$565.8 million
It will increase the value of Clar’s portfolio in the Republic to around S$12.3 billion The manager of CapitaLand Ascendas Reit (Clar) on…
Business
Stocks to watch: CapitaLand Ascendas Reit, Thakral, ASL Marine, Del Monte Pacific
THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 7): CapitaLand Ascendas Reit…
Business
OpenAI unveils ChatGPT app integration feature
OPENAI on Monday unveiled a new feature for ChatGPT, the leading generative AI model with 800 million weekly users, enabling it to…
Business
LG’s India IPO is said to attract Abu Dhabi, Norway, Singapore wealth funds
The South Korean company will start taking orders from public investors on Tuesday and is expected to be listed on local bourses on Oct 14…
Business
LG Electronics’ India IPO said to attract Singapore’s GIC, Abu Dhabi and Norway wealth funds
The South Korean company will start taking orders from public investors on Tuesday and is expected to be listed on local bourses on Oct 14…
Business
LG Electronics India starts taking bids for US$1.3 billion IPO
The South Korean parent is offering as many as 101.8 million shares of LG Electronics India at 1,080 rupees to 1,140 rupees each LG…
Business
LG Electronics’ US$1.3 billion India IPO fully subscribed on first day
The share sale signals growing confidence that investor demand can absorb large issuances despite the headwinds facing the local stock…
Business
US interest rates well-placed to fight inflation: Fed official
US INTEREST rates are in a good place for the Federal Reserve’s inflation fight, a senior central bank official said on Monday, pushing…
Business
Nvidia to invest in UK firms including Wayve, Revolut
The chipmaker’s financing is one of a slew of AI announcements from US technology companies this week, coinciding with Trump’s visit…
Business
Goldman Sachs opens Kuwait office to expand Middle East presence
GOLDMAN Sachs has opened a new office in Kuwait, it said on Monday, in a bid to expand its services to regional clients and deepen its…
Business
ExxonMobil expects up to US$300 million boost to Q3 upstream earnings from oil prices
EXXONMOBIL said on Monday changes in crude oil prices over the third quarter could impact the company’s upstream earnings from negative…
Business
RBNZ seen cutting cash rate with economists split over magnitude
The economy is projected to recover in the second half of the year, and policymakers may decide against a knee-jerk reaction to the poor…
Business
US: S&P 500, Nasdaq reach all-time closing highs on AI dealmaking boost
The S&P 500 and the Nasdaq advanced on Monday, as artificial intelligence-related dealmaking boosted investor sentiment even as the US…
Business
Vestiaire Collective Names Bernard Osta Chief Executive Officer
Vestiaire Collective, a leading global platform for pre-owned luxury fashion, has promoted Bernard Osta to chief executive officer. He…
Business
'Artists should have a choice.' WME opts clients out of Sora update as AI anxiety deepens
As anxieties among Hollywood talent increase surrounding artificial intelligence, Beverly Hills talent agency WME is drawing a line on…
Business
OpenAI lifts another AI laggard with big plans for AMD
OpenAI bestowed its blessings and backing on another tech company Monday, inking a deal with chipmaker Advanced Micro Devices, instantly…
Business
Vietnam Caps Crypto Pilot at Five Licensed Exchanges
Vietnam is planning to limit its crypto exchange pilot program to just five licensed operators, pointing to a cautious regulatory approach…
Business
US: Wall Street indices open higher on AI boost
AMD’s chip-supply tie-up with OpenAI became the latest in a series of artificial intelligence deals Wall Street’s main indexes opened…
Business
Asahi restarts beer production after cyber-attack
Asahi has partially restarted production at all six of its breweries in Japan after it was forced to close them due to a cyber-attack.…