Culture
US bank reserves fall second week, extend drop below US$3 trillion
The drop comes as the Treasury has ramped up debt issuance to rebuild its cash balance following the increase in the debt ceiling in July[NEW YORK] The US banking...
Nokia CEO Hotard compares AI surge to 1990s internet boom, but plays down bubble fears
Hotard’s remarks come amid growing debate over whether the surge in AI investment is sustainable[ESPOO, Finland] Nokia’s CEO Justin Hotard said artificial intelligence is driving a long-term growth trend...
Indonesia launches 6 billion yuan dim sum bond, to be listed on SGX
The bond offers yields of 2.5% on five-year notes and 2.9% on the 10-year tranche[SINGAPORE] Indonesia has launched its debut offshore renminbi-denominated, or dim sum, bond, raising six billion...
Brand Building: The Foundation of Marketing Success
When we decided to partner Hawke Media with STS, we recognized an untapped opportunity in the brand development space. Great marketing isn’t just about clever campaigns or strategic advertising—it...
Rivian to cut 600 jobs as loss of EV tax credit hits demand: source
[IRVINE, California] Rivian Automotive will lay off employees as the electric-vehicle maker contends with weakening demand following the expiry of key US tax credits that had supported sales, a...
Standard Chartered issues payment demand to mm2 Asia units over S$905,000 debt
[SINGAPORE] Standard Chartered has issued letters of demand to two associated companies of entertainment group mm2 Asia, seeking repayment of S$905,582.87 by Thursday (Oct 23).The letters, dated Oct 16,...
US: Wall Street opens flat as Tesla, IBM results underwhelm
[NEW YORK] Wall Street opened flat on Thursday (Oct 23) as lacklustre earnings from Tesla and IBM dampened investor mood, while brewing trade tensions between the US and China...
Prada sales rise, boosting hopes of luxury sector recovery
Net sales rose to 4.07 billion euros (S$6.13 billion), a 6.3% increase year-on-year[MILAN] Prada sales rose in the first nine months of year as solid demand for its Miu...
Expect to keep paying record prices for coffee
President Trump’s tariffs obscure another major factor driving up coffee prices: climate change[WASHINGTON] Americans have been paying more for a cup of coffee after the US imposed a 50...
Fund managers turn to AI players poised for SGX listing
Despite such opportunities, price discovery remains a challenging topic for many investors[SINGAPORE] Fund managers are increasingly focused on funding artificial intelligence (AI) players that could list on the Singapore...
Sabana Reit completes internal management transition, renamed as Alpha Integrated Reit
[SINGAPORE] Sabana Industrial Real Estate Investment Trust (Reit) has completed its long-anticipated internalisation of its manager. Alpha Integrated Reit Management has been appointed as the trust’s new manager, replacing...
