Culture
Goldman Sachs opens Kuwait office to expand Middle East presence
GOLDMAN Sachs has opened a new office in Kuwait, it said on Monday, in a bid to expand its services to regional clients and deepen its footprint in the...
US: Wall Street indices open higher on AI boost
AMD’s chip-supply tie-up with OpenAI became the latest in a series of artificial intelligence deals[NEW YORK] Wall Street’s main indexes opened higher on Monday (Oct 6), building on last...
Japanese yen slides on likely new leader, euro pressured by French PM resignation
[SINGAPORE / LONDON] Politics dominated currency markets on Monday (Oct 6) as the Japanese yen weakened by the most in five months against the dollar with Sanae Takaichi looking...
UBS launches pilot for new AI tool aimed at boosting productivity of advisers
Minister Josephine Teo says this development aligns with Singapore’s push to be a leading financial hub in the region[SINGAPORE] UBS, on Monday (Oct 6), launched its Singapore pilot for...
Thakral to receive S$13.1 million from sale of shares in UK beauty company, ahead of London IPO
Thakral’s remaining TBTG shares will be worth £18.1 million (S$31.5 million) immediately upon listing[SINGAPORE] Singapore-listed Thakral Corp will receive S$13.1 million from a partial sale of its shares in...
AMD signs AI chip-supply deal with OpenAI, gives it option to take a 10% stake
[SAN FRANCISCO] Advanced Micro Devices (AMD) said on Monday (Oct 6) it will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of...
Del Monte expects to raise US$500 million to US$600 million in private placement to tackle debt
The company is also considering asset disposals and engaging bankers on its loans[SINGAPORE] Del Monte Pacific could raise between US$500 million and US$600 million in a share placement that...
Toyota Industries 4.7 trillion yen buyout plan faces antitrust delays
[TOKYO] Toyota Motor chairman Akio Toyoda’s proposal to buy out Toyota Industries for 4.7 trillion yen (S$40.5 billion) has been delayed because the approval process under antitrust laws in...
Japan’s Sumitomo wins Singapore grant to develop ammonia as marine fuel
[TOKYO] Japanese trading house Sumitomo said on Monday (Oct 6) it has been awarded a Singapore government grant to develop ammonia as an alternative marine fuel to help decarbonise...
Singapore shares rise amid mixed regional showing; STI up 0.2%
Across the broader market, decliners outnumber advancers 326 to 240, after 1.4 billion securities worth S$1.2 billion change hands[SINGAPORE] Shares on the Singapore bourse closed higher on Monday (Oct...
