Culture
Market sees higher ship refinancing amid conflicts between US and China
Likely beneficiaries of the spat are shipowners that are neither Chinese nor American, such as Singapore-based players[SINGAPORE] With the US levying fees on Chinese-related vessels and China retaliating with...
Latest Singapore 1-year T-bill cut-off yield drops to 1.35%
Figure is down from the 1.68% offered in the auction for the previous one-year tranche in July[SINGAPORE] The cut-off yield on the Republic’s latest one-year Treasury bill (T-bill) fell...
Goldman Sachs plans more job cuts to boost savings, leverage AI push
[NEW YORK] Goldman Sachs Group told staffers to expect an additional round of job cuts this year as the bank seeks further savings across its businesses and takes advantage...
AMD says Oracle is pledging widespread use of new AI chips
[NEW YORK] Advanced Micro Devices (AMD), Nvidia’s nearest rival in artificial intelligence (AI) processors, said Oracle will deploy a large batch of its forthcoming MI450 chips next year.Oracle said...
JPMorgan seeks to double Asia assets to US$600 billion by 2030
The company has managed US$302 billion in the region at the end of 2024, according to its financial filing[HONG KONG] JPMorgan Asset Management wants to double its Asia-Pacific assets...
Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause
Despite the departures, Goldman still tops Wall Street’s league tables for mergers and acquisitions [NEW YORK] Goldman Sachs has lost more than a dozen senior investment bankers this year,...
OpenAI taps Broadcom to build its first AI processor in latest chip deal
The agreement extends a wave of AI chip investments driving the race toward human-equivalent intelligence[SAN FRANCISCO] OpenAI has partnered with Broadcom to produce its first in-house artificial intelligence processors,...
US: Wall Street opens higher after Trump cools rhetoric on China
[NEW YORK] Wall Street’s main indexes opened higher on Monday (Oct 13) following Friday’s pullback, as investors returned to risk assets after President Donald Trump’s softer tone eased concerns...
Indonesia considers further liquidity injection for state banks
Finance minister says government still assessing impact of 200 trillion rupiah liquidity boost for state banks[JAKARTA] Indonesia is considering injecting more liquidity into the country’s state banks, its finance...
Chinese firms face shifting global IPO landscape
Nasdaq proposes raising minimum public float and fundraising requirements; is enforcing faster suspension and delisting procedures for companies that fail to meet ongoing standardsCHINESE companies pursuing overseas listings are...
