Business
Singtel’s NCS to invest S$130 million to scale AI adoption in Apac
Singtel’s technology services arm, NCS, will invest S$130 million over the next three years to further its artificial intelligence (AI)…
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Business
Business
OpenAI to release web browser in challenge to Google Chrome
OpenAI is close to releasing an artificial intelligence (AI)-powered web browser that will challenge Alphabet’s market-dominating Google…
Business
China lenders rush to sell riskiest debt to catch low yields
Chinese authorities have pushed through the mergers of hundreds of smaller, mostly rural banks, while the larger behemoths are struggling…
Business
BYD, other EV battery makers face more pressure to cut emissions
Electric vehicle (EV) battery suppliers, including BYD and EVE Energy, need to step up efforts to switch to clean power at manufacturing…
Business
Nissan poised to offer record-high coupon in US$4 billion bond sale
Nissan Motor is expected to sell some of its upcoming US$4 billion foreign-currency bonds at a record-high coupon, piling more pressure on…
Business
Affluent Singapore respondents say they need US$1.39 million to retire comfortably: HSBC survey
Affluent investors based in Singapore said they will need US$1.39 million on average to retire comfortably – well above the global average…
Business
Singapore’s future bankers vie for coveted spots at university finance clubs
At Singapore’s universities, undergraduates are fighting for the golden ticket they believe will get them a coveted banking job years…
Business
Bank of Korea holds rates steady amid tariff, household debt concerns
South Korea’s central bank held interest rates steady on Thursday, as policymakers steered a cautious path amid concerns about financial…
Business
Chinese tycoons are turning Indonesia into an aluminium giant
[LONDON/SINGAPORE] Chinese tycoons are turbo-charging Indonesia’s aluminium industry with multi-billion dollar projects that rival the…
Business
Food Empire to invest US$37 million to expand soluble coffee manufacturing facility in India
Food and beverage company Food Empire intends to invest US$37 million to expand the capacity of its spray-dried soluble coffee…
Business
Food Empire to invest US$37 million to expand India coffee facility, eyes Asia for growth
Food and beverage company Food Empire intends to invest US$37 million to expand the capacity of its spray-dried soluble coffee…
Business
Prime US Reit signs 120,000 sq ft lease at Waterfront at Washingtonian in Gaithersburg, Maryland
The manager of Prime US real estate investment trust (Reit) announced on Thursday (Jul 10) that it signed a new 11-year lease of minimum…
Business
Prime US Reit signs 120,000 sq ft lease at Class A tower in Maryland
The manager of Prime US real estate investment trust (Reit) announced on Thursday (Jul 10) that it signed a new 11-year lease of minimum…
Business
Prime US Reit signs 120,000 sq ft lease at Class A office tower in Maryland
The manager of Prime US real estate investment trust (Reit) announced on Thursday (Jul 10) that it signed a new 11-year lease of minimum…
Business
BOJ will hold off rate hikes until March due to US tariff hit, ex-policymaker says
The Bank of Japan will likely hold off raising interest rates again until at least next March to assess the damage that US tariffs could…
Business
UOL unit prices S$75 million fixed rate notes at 2.78%
They will be issued as the second tranche of the fifth series of a S$2 billion multicurrency medium-term note programme Property player…
Business
Stocks to watch: DBS, Singtel, ST Engineering, UOL, SGX, Food Empire, Soilbuild Construction
The following companies saw new developments that may affect trading of their securities on Thursday (Jul 10): DBS, Singtel, ST…
Business
Stocks to watch: DBS, Singtel, ST Engineering, UOL, SGX, Food Empire, Prime US Reit, Soilbuild Construction
The following companies saw new developments that may affect trading of their securities on Thursday (Jul 10): DBS, Singtel, ST…
Business
Hong Kong Jockey Club to unload US$1 billion in Blackstone, Warburg funds
The Hong Kong Jockey Club is divesting as much as US$1 billion in funds held with Blackstone and other buyout firms, offloading US assets…
Business
Australia takes another step toward a central bank digital currency
Australia’s central bank said on Thursday it was taking another major step toward a wholesale central bank digital currency (CBDC) with a…
Business
Barclays hires sales trader in Hong Kong after pullback
Barclays hired Joseph Lee from HSBC Holdings as head of high-touch equity sales trading for Asia-Pacific as the UK bank ramps up staffing…
Business
AI chip startup Groq discusses US$6 billion valuation, The Information reports
semiconductor startup Groq has spoken to investors about raising between US$300 million and US$500 million at a US$6 billion…
Business
Samsung’s bet on foldable phones faces major test with slimmer new model
Samsung Electronics on Wednesday unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in the…
Business
Nvidia becomes first company to reach US$4 trillion in value
Nvidia became the first company to touch US$4 trillion in market value on Wednesday, a new milestone in Wall Street’s bet that artificial…