Business
Gold surpasses inflation-adjusted record high set in 1980
The precious metal has risen nearly 40% this year as US President Donald Trump has cut taxes, expanded his global trade war Gold has…
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Business
Business
Microsoft, OpenAI reach non-binding deal to allow OpenAI to restructure
MICROSOFT and OpenAI said on Thursday they have signed a non-binding deal for new terms of their relationship that would allow OpenAI to…
Business
Europe: Stoxx 600 ends higher after ECB’s expected ‘hold’ verdict, defence stock boost
EUROPEAN shares finished higher on Thursday as a rally in defence stocks helped lift the main index, with investors taking in a widely…
Business
Microsoft to put more computing power behind in-house AI models
The world’s largest software maker has mostly relied on large language models from the ChatGPT maker to power its products Microsoft plans…
Business
US: Major indexes notch fresh records on rate cut hopes
Wall Street’s major indexes hit fresh records on Thursday as US inflation and jobless claims data added to conviction that the Federal…
Business
The Muted, Melancholy Synesthetics of “The History of Sound”
In “The History of Sound,” a new romantic drama set during and after the First World War, passion is an intensely private thing, and in…
Business
IReit Global’s German subsidiaries served with payment order by former tenant
The dispute stems from a dilapidation cost agreement made with the former main tenant of its Berlin Campus Subsidiaries of IReit Global…
Business
Frasers Hospitality Trust to suspend trading on Sep 12, expected to delist on Oct 6
Payment for the scheme consideration to eligible securityholders is set to be made on or around Sep 30 Frasers Hospitality Trust (FHT) has…
Business
Apple analyst sentiment hits five-year low after two downgrades
Apple was hit with a pair of downgrades on Thursday (Sep 11), in the latest sign of caution towards the iPhone maker, which has sharply…
Business
US: Wall St opens higher after inflation data keeps rate cut bets firm
Wall Street’s main indexes opened slightly higher on Thursday (Sep 11) after the latest inflation reading kept the US central bank on…
Business
ECB holds rates unchanged, offers no clues about next move
The ECB halved its key rate to 2% in the year to June but has been on hold ever since The European Central Bank left interest rates…
Business
Low Keng Huat sinks into the red with S$10.2 million net loss in H1
The property developer’s half-year revenue tumbles 85% to S$38.7 million, from S$257.9 million the previous year Property developer Low…
Business
Oracle marches toward US$1 trillion club; tech stocks cheer
The stock’s gains also put co-founder Larry Ellison on course to beat Elon Musk as the world’s richest man Oracle’s shares rose on…
Business
Oracle retreats after record run towards US$1 trillion club on AI cloud boom
Oracle shares retreated on Thursday (Sep 11) after a record AI-driven surge in the previous session that brought the company closer to the…
Business
Number of German work days lost to strikes below 1 million in 2024
The number of working days lost to strikes in Germany fell to 946,000 in 2024, as workers walked off the job less often than in the…
Business
TalkMed to delist from SGX on Sep 15
Healthcare provider TalkMed will be delisted from the Singapore Exchange from 9 am on Sep 15, the company announced on Thursday (Sep 11).…
Business
Singapore stocks end higher amid mixed regional trading; STI up 0.2%
On the STI, UOL is the top gainer, up 3.9%; Thai Beverage is the biggest decliner, shedding 1.1% Local stocks tracked overnight gains on…
Business
The Return of Tarell Alvin McCraney’s Masterpiece, “The Brothers Size”
At the beginning of Tarell Alvin McCraney’s poetic drama “The Brothers Size,” now at the Shed, one of the play’s three actors pours white…
Business
Longtime Bulgari Executive, Heir Francesco Trapani Dies at 68
MILAN – Industry entrepreneur and investor Francesco Trapanihas died, aged 68. “It is with profound sadness that Bulgari mourn the passing…
Business
Carlyle, EQT, HongShan among final bidders for Starbucks China: sources
Global investment firms Carlyle Group and EQT, alongside regional players HongShan Capital Group and Boyu Capital, are preparing final…
Business
Saudi oil giant Aramco raises US$3 billion from Islamic bonds
Saudi Aramco, the world’s biggest oil company, raised US$3 billion from a sale of Islamic bonds, a term sheet showed on Thursday (Sep 11),…
Business
South Korea scraps plan to expand tax on stock investments
South Korean President Lee Jae-myung said on Thursday (Sep 11) he would not pursue plan to revise a capital gains tax on stock…
Business
Centurion soars 7.4% on the back of IPO for Centurion Accommodation Reit
Shares of Centurion soared nearly 7.4 per cent on Thursday afternoon (Sep 11) shortly after it gave details on the proposed listing of its…
Business
Veteran banker sees Malaysia’s BNM keeping rates unchanged
A veteran banker who led a Malaysian lender to record profit says that the South-east Asian country can hold off on further cutting…