Culture
Malaysian ringgit hits highest in four years on growth optimism
It rose 0.3% versus the greenback to 4.0955 on Friday, the highest since May 2021 The Malaysian ringgit reached the strongest level…
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Culture
Culture
Sumitomo to put US$1.3 billion into India renewable power projects
Sumitomo Corp will invest US$1.3 billion on several Indian renewable power projects, to take advantage of rapid growth in demand from…
Culture
Gold clings to 7-week high as investors gauge Fed trajectory; silver near record peak
GOLD prices held near a seven-week high on Friday, supported by expectations of more interest rate cuts next year after the US Federal…
Culture
Seatrium back on track with estimated S$2 billion TenneT order: analysts
Analysts were positive on Seatrium’s latest contract win, stating that the marine engineering company was back on track in terms of its…
Culture
Asian markets track Wall Street record after Fed cut
ASIAN equities rose on Friday as investors tracked a record day on Wall Street in the wake of the Federal Reserve’s latest interest rate…
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Philippine central bank chief tempers hawkish view, sees one more cut
PHILIPPINE central bank Governor Eli Remolona said monetary authorities may cut the benchmark interest rate one more time in the current…
Culture
SoftBank eyes data centre group Switch as Son hunts for AI
Acquiring Switch would allow SoftBank to own a large portfolio of data centres outright SOFTBANK Group is studying potential acquisitions…
Culture
Hongkong Land shares close 3.5% down following news of S$8 billion real estate fund
Shares of Hongkong Land soared as much as 5.5 per cent after the company announced plans to inject its interests in One Raffles Quay,…
Culture
Global EV sales growth slowest since Feb 2024 on China plateau, US policy changes
GLOBAL EV sales grew in November at the slowest rate since February 2024 as China plateaued, while the end of an EV tax credit scheme in…
Culture
Trump signs order aimed at curbing state AI laws
US President Donald Trump on Thursday signed an executive order on artificial intelligence that will attempt to preempt a growing number…
Culture
Hongkong Land hives off MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore private fund
It will be Singapore’s biggest private real estate fund; move follows divestments of other major assets Following the sale of its stake in…
Culture
Stocks to watch: Sembcorp, CDL, UOL, GuocoLand, Seatrium, Singtel, Hongkong Land
The following companies saw new developments that may affect trading of their securities on Friday (Dec 12): Sembcorp Industries: The…
Culture
Sembcorp’s Alinta Energy buy: One step forward on earnings, two steps back on emissions?
Sembcorp says the acquisition is driven by Alinta’s renewables pivot, not its Loy Yang B coal-fired power station Sembcorp Industries’…
Culture
Reddit files lawsuit against Australia’s social media ban
Message board website Reddit on Friday filed a lawsuit asking the High Court to overturn Australia’s social media ban for people under 16…
Culture
Lululemon CEO McDonald to step down, shares rise 10%
LULULEMON Athletica said that CEO Calvin McDonald was leaving the company without a replacement and raised its annual profit forecast,…
Culture
Do Kwon, the TerraUSD creator who co-founded Singapore-based Terraform Labs, jailed 15 years over US$40b crypto fraud
Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud Do Kwon, the South Korean cryptocurrency entrepreneur…
Culture
OpenAI beefs up GPT models in AI race with Google
OPENAI released its latest artificial intelligence models on Thursday, shrugging off worries about how it will cash in on massive spending…
Culture
Musk signals plan to launch IPO for SpaceX
Recent US media reports state that SpaceX stands poised for a record-setting US$1.5 trillion IPO ELON Musk has signalled plans to soon…
Culture
Google faces EU fine next year for favouring own services, sources say
Alphabet’s Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against…
Culture
Broadcom forecasts upbeat quarterly revenue on AI chip demand
The company reported revenue of US$18.02 billion for the fourth quarter ended Nov 2, above analysts’ average estimates BROADCOM on…
Culture
Oil retreats as investors’ focus on Ukraine, US fuel supplies
Oil prices fell on Thursday as investors focused on Russia-Ukraine peace talks and eyed large surpluses in US petrol and diesel…
Culture
European markets end higher as investors cheer Fed cut; SNB holds rate
EUROPEAN shares closed higher on Thursday after a series of lukewarm sessions, as investors welcomed the US Federal Reserve’s overnight…
Culture
US stocks: Dow, S&P 500 post record closes; Oracle drags on Nasdaq
THE S&P 500 and the Dow boasted record closing highs on Thursday as investors favoured financial stocks after a Federal Reserve policy…
Culture
Oracle shares drop the most since 2001 on mounting AI spending
The stock has already lost about a third of its value through Wednesday’s close since a record high on Sep 10 Oracle shares fell the most…