Culture
HSBC hires ex-Citi executive Ida Liu to lead its private bank
HSBC Holdings has hired former Citigroup executive Ida Liu to run its global private banking business, according to people familiar with…
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Culture
Culture
Chinese AI firm MiniMax to launch Hong Kong IPO in early January
The firm develops multimodal AI models which can process text, audio, images, video and music Chinese artificial intelligence (AI) firm…
Culture
Singapore stocks edge higher, tracking regional bourses; STI up 0.9%
Local shares closed higher on Monday (Dec 22), tracking regional bourses. The benchmark Straits Times Index (STI) rose 0.9 per cent or…
Culture
SingPost’s 2024 fraud incident allegedly involved e-commerce shipments bound for Canada
More details have emerged about Singapore Post’s (SingPost) parcel delivery fraud incident that came to light in 2024. The Business Times…
Culture
China’s power reforms, global data centre buildout usher in battery boom
A revamp of China’s electricity market is boosting the economics of storing power just as international demand surges, sparking a boom for…
Culture
Shein’s global ambitions survive French store uproar
The e-commerce giant, whose model of high-volume, ultra-cheap fashion has upended traditional retailing, looks like it’s in France to stay…
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China to scrub small overdue debts from credit records to help spur lending
China’s central bank on Monday unveiled a one-off credit repair scheme to allow overdue personal debts of up to 10,000 yuan (S$1,835)…
Culture
Uber teams up with Baidu to start robotaxi trials in UK
Global robotaxi rollouts are accelerating, with Chinese companies and Alphabet’s Waymo leading the charge Uber Technologies said that it’s…
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AI, liquidity to drive Asia markets in 2026 amid US fiscal risks: Schroders
The technology sector remains the cornerstone of Schroders’ bullish thesis for the region In 2025, US fiscal and geopolitical headwinds…
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Asia: Markets rally with Wall Street as rate hopes rise, AI fears ease
ASIAN markets rallied on Monday and gold hit a record high as the latest round of US data boosted hopes for more interest rate cuts, while…
Culture
From Amazon to DBS: AI is driving the thousands of pink slips being issued to staff
The global march of artificial intelligence (AI) continues, and in its shadow, hundreds of thousands of jobs have or will be axed by…
Culture
From Amazon to Microsoft, AI is driving thousands of job cuts worldwide
Global banks alone will let go of as many as 200,000 employees in the next three to five years The global march of artificial intelligence…
Culture
Trans-Cab, Geolah receive full ride-hail licences from LTA
LTA has upgraded their provisional licences for point-to-point transport services Transport operators Trans-Cab and Geolah on Monday (Dec…
Culture
Tips for wealthy property families seeking to pass ownership of empires through multiple generations
Applying lessons from Geneva’s Pictet family Source link
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Uniqlo’s owner boosts new graduate pay as Japan faces inflation
UNIQLO owner Fast Retailing will raise base salaries for new graduates in Japan by as much as 12 per cent, stepping up efforts to secure…
Culture
Oil prices gain on US interception of Venezuelan oil tanker over weekend
OIL prices climbed in early trade on Monday after the US intercepted a Venezuelan oil tanker over the weekend. Brent crude futures rose 44…
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Oil up on news the US intercepted an oil tanker off Venezuela
Oil prices rose on Monday (Dec 22) after officials said the US had intercepted an oil tanker in international waters off the coast of…
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Li Ka-shing is remaking his empire as a generational shift looms
Li Ka-shing and his family set in motion a series of deals this year that stand to completely transform his business empire. The Hong Kong…
Culture
Stocks to watch: Seatrium, CNMC Goldmine, Singapore Paincare
The following companies saw new developments that may affect trading of their securities on Monday (Dec 22): Seatrium: Seatrium announced…
Culture
USD/CHF trades within key range as SNB holds rates and Fed turns cautious
THE US dollar/Swiss franc (USD/CHF) FX pair is widely considered a safe-haven currency pair due to Switzerland’s neutral geopolitical…
Culture
Emerging markets bring high hopes for 2026 after stellar year
This year’s capital rush into the sector is a sign more investors are allocating to a sector that’s been out of favour after years of…
Culture
AI model developer MiniMax passes Hong Kong stock exchange listing hearing
CHINESE artificial intelligence (AI) startup MiniMax has passed a Hong Kong stock exchange listing hearing, according to a stock exchange…
Culture
Why investors are betting on nuclear fusion even as it remains elusive
Interest in fusion has been further fuelled by the proliferation of data centres, as tech firm hunt for sources to power their cloud…
Culture
Fed’s Hammack signals holding rates steady for months
FEDERAL Reserve Bank of Cleveland president Beth Hammack said she saw no need to change US interest rates for months ahead after the…