Culture
US Fed’s Williams says monetary policy well positioned amid a favourable outlook
He said that it’s critical for the Fed to get inflation back to its 2 per cent target Federal Reserve Bank of New York President John…
Section
Culture
Culture
Meta unveils ‘Meta Compute’ initiative to build AI infrastructure
Big Tech companies are looking to secure long-term electricity supplies as AI and data centres increase US power demand Meta has announced…
Culture
Citi to cut about 1,000 jobs this week
CITIGROUP is set to cut about 1,000 jobs this week as part of chief executive Jane Fraser’s march to keep a lid on costs and improve…
Culture
QXO secures US$1.8 billion financing led by Temasek, Apollo amid building products consolidation
[GREENWICH, Connecticut] Billionaire Brad Jacobs’ QXO said it has secured an additional US$1.8 billion in financing, led by Singapore’s…
Culture
Goldman, JPMorgan and UBS lead Golden Goose’s buyout debt
Temasek Holdings will take a minority stake in the Italian high-end sneaker producer Goldman Sachs, Group JPMorgan Chase and UBS Group are…
Culture
Wall Street falls at open on worries over Fed autonomy
Wall Street’s main indexes opened lower on Monday (Jan 12) after the Trump administration renewed its attacks on the Federal Reserve,…
Culture
How Trump’s proposed cap on credit card rates could reshape consumer lending
It could wipe out billions of dollars in interest income for banks and card issuers, and result in them tightening credit boxes A proposed…
Culture
Meta hires ex-Trump adviser Dina Powell McCormick as president, vice chairman
She will guide overall strategy with a particular focus on Meta’s AI infrastructure efforts Meta Platforms has appointed a former top…
Culture
StanChart is preparing crypto expansion with prime brokerage
It will house the new business within its wholly owned venture capital unit, SC Ventures Standard Chartered plans to set up a prime…
Culture
Volkswagen drops to third in China sales as fast-growing Geely Auto pips it
Legacy foreign carmakers such as Volkswagen have ceded share to Chinese rivals due to a slower shift to EVs Volkswagen was overtaken by…
Culture
Petronas seeks court clarity on Sarawak operations in gas licensing dispute
Malaysia’s state energy company Petroliam Nasional Berhad (Petronas) said on Monday (Jan 12) it has filed a motion at the country’s top…
Culture
JPMorgan forecasts 2027 Fed hike; Barclays, Goldman postpone rate cut calls
Data suggests the labour market is holding, aiding belief that the Fed will leave borrowing costs unchanged at its January meeting…
Culture
Not another dotcom bubble: DBS CIO doubles down on AI, healthcare
Hou Wey Fook is confident that AI-related optimism is based on sound fundamentals The so-called “artificial intelligence (AI) bubble”,…
Culture
British Land CEO Carter set to leave to lead GIC-backed P3 Logistics
British Land CEO Simon Carter plans to step down this year to join European logistics developer P3 Logistics Parks, the real estate group…
Culture
Thomson Medical appoints Tong Kooi Ong as board chairman
The Malaysian businessman succeeds Ng Ser Miang, who steps down on Jan 31 after a decade Mainboard-listed Thomson Medical Group has…
Culture
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model UBS on Monday (Jan 12)…
Culture
South Korea makes checks on increasing US dollar deposits as won falls
South Korean authorities summoned seven local banks last week to question them about increasing US dollar deposits, officials and bank…
Culture
Stellantis scraps US plug-in hybrid sales, citing weak demand
The automaker’s pullback comes as Detroit carmakers reassess electric-vehicle spending amid policy changes under US President Donald Trump…
Culture
OpenAI, SoftBank invest US$1 billion in SB Energy as Stargate buildout expands
The data centre construction boom has also prompted major players, including Meta Platforms OpenAI and SoftBank Group will invest US$500…
Culture
Apple shares on pace to match longest losing streak since 1991
The company and other computer and device makers have been under pressure from rising prices for components such as memory chips Apple…
Culture
ExxonMobil calls Venezuela ‘uninvestable’ as Trump pushes oil plan
Low prices are viewed warily within the oil industry, which the US president is counting on to keep pumping crude Major US oil executives…
Culture
China buys at least 10 cargoes of US soybeans for April-May shipment, traders say
China’s state stockpiler Sinograin purchased at least 10 cargoes of US soybeans on Friday (Jan 9), or at least 600,000 tonnes, for…
Culture
Trafigura readies first Venezuelan oil ship as part of mega sale
Traders have been notifying US refiners to gauge interest for the oil, with sales expected to kick off on Monday Commodities trader…
Culture
Oil gains as market weighs Iran, Russia supply risks; dealmaking for Venezuela in focus
The Organization of the Petroleum Exporting Countries pumped 28.4 million barrels per day last month Oil prices rose 2 per cent on Friday…