Culture
Gunvor hires Singapore specialists as it expands precious metals business into physical trading
[LONDON] Global commodity trading house Gunvor is expanding its precious metals business from trading derivatives into physical metal and has hired specialists in the London and Singapore trading hubs,...
OpenAI wants to create a public benefit corporation. What does that mean?
The company has faced pushback, including from early backer Elon Musk, on the moveAFTER months of back-and-forth with regulators and stakeholders, OpenAI said it is getting closer to converting...
PC Partner proposes delisting from Hong Kong to strengthen operations, lower costs
This will leave the company with just its primary listing on the Singapore Exchange[SINGAPORE] Electronic company PC Partner Group has proposed a voluntary delisting from the mainboard of the...
UK announces £400m Google Cloud info contract
[LONDON] The UK government has agreed a £400 million (S$695.6 million) contract with Google Cloud, days before President Donald Trump’s visit, saying on Friday (Sep 12) it will allow...
US: Wall St opens muted after record highs, on track for weekly gains
[NEW YORK] Wall Street indexes opened subdued on Friday (Sep 12) after notching record highs in the previous session, though they remained on track to log gains in a...
Seatrium loses appeal to block US$126.6 million rig contract payment
The group will continue with arbitration to resolve dispute and seek recovery of payment[SINGAPORE] Seatrium on Friday (Sep 12) said its appeal in the Singapore court to block a...
Apple postpones release of new iPhone Air in mainland China
The company’s China website would not let customers in the region order the new, thinner device[BEIJING] Apple delayed the launch of its new iPhone Air in mainland China, citing...
China’s credit expansion slows on weak demand, slower bond sales
China has been struggling to overcome the collapse of demand for borrowing linked to the property sector[BEIJING] China’s credit growth slowed from a year ago in August with its...
EU could quit Russian gas within a year, US energy chief says
The United States is ramping up pressure on Europe to cut off energy revenue to Moscow, seeking to end the war in Ukraine[BRUSSELS] The European Union could phase out...
ECB policymakers keep rate options open amid uncertain outlook
Another cut is entirely possible, says French central bank governor Francois Villeroy[FRANKFURT] European Central Bank (ECB) policymakers were keeping their options open on Friday (Sep 12) about possible future...
