Culture
Nvidia invests US$5 billion in Intel, plans to co-design chips
[SANTA CLARA, CALIFORNIA] Nvidia Corp agreed to invest US$5 billion in Intel and said the two will co-develop chips for PCs and data centres, a surprise move to help prop...
BOE holds rates at 4%, keeps cautious stance on future cuts
Policymakers also voted to reduce the pace at which the BOE is reducing its government bond holdings[LONDON] The Bank of England held interest rates at 4 per cent and...
Logistics provider GLP preparing to list China business in 2026
LOGISTICS company GLP is seeking to list its China business in an initial public offering (IPO) next year, said its backer Hopu Investment Management.“We’re preparing for an IPO of...
Fed’s rate-cut plans pre-empt a recession, rather than reacting to one
The Federal Reserve’s latest move is a shift from the hold-steady, wait-and-see approach to an aggressive defence of the US labour marketUS STOCKS initially gained after the US Federal...
STI falls on Thursday, down 0.3%
Decliners outnumber advancers 322 to 233 across the broader market, with 2.4 billion shares worth S$1.4 billion changing hands[SINGAPORE] The Straits Times Index (STI) closed lower on Thursday (Sep...
Malaysia’s Sunway Group to buy Hongkong Land’s development arm MCL Land for S$738.7 million cash
The sale is effectively at net asset value, says Hongkong Land chief executive Michael Smith[SINGAPORE] Real estate group Hongkong Land will sell its Singapore and Malaysian property arm MCL Land...
Sunway group to buy Hongkong Land’s property arm MCL Land for S$738.7 million
[SINGAPORE] Real estate group Hongkong Land Holdings will sell its Singapore and Malaysian property arm MCL Land to Malaysia’s Sunway group for S$738.7 million, the companies said on Thursday (Sep...
Octave Capital launches US$75 million ocean-focused impact fund with Katapult Ocean
The fund will look into supporting relevant startups in the Asia-Pacific, as well as companies from elsewere looking to expand into the region [SINGAPORE] Octave Capital, formerly Heritas Capital,...
HK, Abu Dhabi bourse operators seek to deepen capital market ties
The agreement underscores increasing financial ties between the Asian financial hub and the Middle East[HONG KONG] Hong Kong Exchanges and Clearing (HKEX) said on Thursday (Sep 18) it had...
Japan’s Nikkei closes above 45,000 for first time on tech boost, Fed decision
[TOKYO] Japan’s Nikkei share closed above 45,000 for the first time on Thursday (Sep 18), underpinned by technology shares, as optimism swept into the market following the US Federal...
Legal officer ‘responsible’ for the compliance of fundraising document named in Olivia Lum’s trial
Court hears that Joscelyn Tan, Hyflux’s former legal officer for corporate finance, would have been in charge[SINGAPORE] A former senior legal officer of Hyflux testified that her then colleague...
Centurion Accommodation Reit kicks off public offer of units at S$0.88 each for SGX mainboard listing
[SINGAPORE] Centurion Accommodation Real Estate Investment Trust (Reit) launched its initial public offering (IPO) on Thursday (Sep 18) evening, set to be the Singapore Exchange’s (SGX) second-biggest mainboard listing...