Business
JPMorgan replaces proxy advisers with AI for voting US shares
The internal AI platform, dubbed Proxy IQ, will now be used to manage votes and analyse data on more than 3,000 annual company meetings…
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Business
Business
Wall St opens muted after AI-driven rally; labour data in focus
Wall Street’s main indexes opened muted on Wednesday (Jan 7), as investors took a breather after an AI-driven rally in the previous…
Business
AI ‘fatigue’ leaves investors focused on S&P’s other 493 stocks
A growing number of investors are now wagering that run, led by the Magnificent Seven, is about to end Bets on artificial intelligence…
Business
Holiday shoppers spent a record amount online, searching out deals amid economic anxiety
Consumers splurged this last holiday season, enticed by good deals even as they worried about growth and inflation. Online shoppers spent…
Business
iFast’s proposed acquisition of Financial Alliance stake could be more exciting than it looks
The relatively modest investment could burnish the growth strategy of iFast, which is on track for a multi-year growth trajectory When…
Business
Frasers Centrepoint Trust secures S$400 million green loan facility
This involves term loan and revolving credit facilities from DBS, OCBC and Maybank Frasers Centrepoint Trust (FCT) has entered into a…
Business
Warner Bros rejects revised Paramount bid as risky leveraged buyout
Warner Bros Discovery’s board has unanimously turned down Paramount Skydance’s latest attempt to acquire the studio, saying its revised…
Business
Warner Bros rejects revised Paramount bid, sticks with Netflix
The offer hinges on ‘extraordinary amount of debt financing’ that heightens risk of closing, the board tells shareholders Warner Bros…
Business
Samsung Electronics to buy 2.5 trillion won of its shares for employee compensation
Samsung Electronics on Wednesday said it would acquire 2.5 trillion won (S$2.2 billion) worth of its own shares for employee and executive…
Business
Vietnam to Tighten Online Trade Rules as New E-Commerce Law Targets Rising Fraud
Vietnam is moving to strengthen verification requirements and accelerate the use of technology to combat increasingly sophisticated online…
Business
Auto dealer Tan Chong expects HK$327 million in gains from investments in 2025
Automotive group Tan Chong International said on Wednesday (Jan 7) that it expects to record an unaudited gain of HK$327 million (S$53.8…
Business
Singapore stocks track Wall Street gains; STI up 0.2%
Singapore shares ended higher on Wednesday (Jan 7), tracking Wall Street gains. The benchmark Straits Times Index (STI) rose 0.2 per cent…
Business
Cathay United Bank grants Marco Polo Marine unit long-tenor facility for NT$4.7 billion research vessel project
The group previously said it would finance the project through internal cashflows and not require any project-specific debt Marco Polo…
Business
mm2 Asia unit receives S$200,000 payment demand from creditor
This is the third demand for payment that mm2 Asia’s subsidiaries have received in two weeks A unit of the embattled entertainment group…
Business
Xiaomi begins pre-orders for spruced up version of SU7 sedan
The announcement comes as it faces increased public criticism over safety standards, following a number of accidents China’s Xiaomi began…
Business
Berkshire Hathaway raises new CEO Abel’s salary to US$25 million
Berkshire Hathaway said on Tuesday (Jan 6) it raised the salary of new chief executive Greg Abel to US$25 million, far exceeding the…
Business
China’s PBOC adds gold for 14th month as prices hit record
Bullion held by the People’s Bank of China rose by 30,000 troy ounces last month China’s central bank extended its gold-buying streak to…
Business
Goldman Sachs tops global M&A rankings with US$1.48 trillion in deals
The bank ranked No 1 in M&A fee revenue and overall value of the deals it worked on Goldman Sachs once again dominated the league tables…
Business
Ikea to close seven shops in China amid competition, weak demand
The restructuring is aimed at directing resources to channels closer to consumers Ikea will shutter seven of its signature blue-box…
Business
Temasek-backed Clifford Capital prices US$1 billion government-guaranteed bond offering
Issue draws robust subscription; the three-year and five-year tranches carry coupons of 3.852% and 4.037%, respectively…
Business
Amid low rates, UOB Asset Management launches dividend-focused ETF aiming to pay 6%
The new fund invests in ‘leading companies’ in Singapore, Indonesia, Thailand, Malaysia and the Philippines With rates steadily falling…
Business
Carmakers slash prices again in China, defying regulators
Prices for new cars keep falling as automakers compete to clear out inventory in a sluggish market GLOBAL automakers and their dealers in…
Business
Lenovo expands AI lineup with Nvidia tie-up, Qira platform
CHINA’S Lenovo, the world’s largest personal computer maker, on Tuesday said it has teamed up with US AI chip leader Nvidia to help AI…
Business
UBS 25-year Asia veteran departs ahead of new wave of job cuts
The Zurich-based firm is set to begin another set of job cuts in mid-January, according to sources UBS Group’s Eric Lafon has left the…