Culture
Singapore shares close lower in tandem with Wall Street retreat; STI slides 0.3%
Across the broader market in the city-state, decliners beat gainers 371 to 250 as 1.8 billion securities valued at S$1.4 billion are traded[SINGAPORE] Singapore shares closed lower on Friday...
Tata Consultancy Services slashes 19,755 jobs in biggest workforce cut amid AI, US strains
[MUMBAI] Tata Consultancy Services (TCS) made its steepest-ever job cuts as strained ties with the US and a rapid shift towards artificial intelligence reshape the country’s US$280 billion IT...
ComfortDelGro’s quiet tech play and why it’s not sweating GrabCab
[SINGAPORE] Within just a decade, Grab has gone full circle from an entrant challenging incumbent taxi companies to becoming one itself. In July, three months after getting a street-hail...
‘The talent is there’: Is Singapore’s push for board diversity turning a corner?
Progress has been made, but questions remain over whether inclusion is now structural or still symbolic[SINGAPORE] With women occupying barely a quarter of board positions in the largest Singapore-listed...
Siemens Energy bets on ammonia, fuel flexibility to future-proof Asia’s power systems
The energy technology provider sets 2030 target for 100% hydrogen and ammonia-capable turbines [FINSPANG, Sweden] Fuel flexibility, especially the ability to burn clean fuels such as hydrogen and ammonia...
AI jobs shock is coming and firms aren’t ready: Klarna CEO
The CEO sees the AI boom spelling the end to what he calls “excess profits” in both the banking and software industries[LONDON] From technology firms to translators, the world...
GIC, Carlyle-backed chemicals firm Nouryon shelves US$5.8 billion loan amid investor unease
Moody’s cuts Nouryon’s Q4 estimates amid macro uncertainty and weak demand in construction markets[AMSTERDAM] Speciality chemicals producer Nouryon has withdrawn a dual-currency leveraged loan deal worth around US$5.8 billion...
Thai stock exchange mulls relaxing rules to boost market liquidity and new listings
SET expects a stronger, more stable government after elections to implement effective economic policies[BANGKOK] The Stock Exchange of Thailand (SET) is considering easing some of its rules to boost...
Hong Kongers rush to sell family jewels as gold glitters
[HONG KONG] Hong Kong residents rushed to sell everything from gold bars to rings this week, with people weighing family jewels and counting stacks of money as they scrambled...
Delta electronics shares slump in Bangkok due to exchange curbs
The stock has more than tripled in price from its April low, boosted by optimism over its role as maker of components for artificial-intelligence data centres[BANGKOK] Delta Electronics (Thailand)...
