Culture
Bankman-Fried’s ex-deputy Wang avoids prison time over crypto fraud
FORMER cryptocurrency executive Gary Wang, who unwittingly wrote the computer code that helped FTX founder Sam Bankman-Fried steal about US$8 billion from customers of the now-bankrupt exchange, was spared...
Bitcoin hits record US$95,000 as crypto seeks direct line to Trump
BITCOIN hit US$95,000 for the first time as the digital-asset sector moves to cement its influence with Donald Trump by pushing for a new White House post dedicated to...
Nissan Motor urges UK to ease EV targets amid weak demand
NISSAN Motor urged the UK government on Wednesday (Nov 20) to ease up its electric vehicle (EV) mandate, which encourages manufacturers to move from petrol and diesel vehicles to...
Strong US dollar, Trump policies pulling the rug from under Asian, trade-exposed currencies
IN THE past month, the US dollar has strengthened against several Asian currencies – spelling bad news for the region’s trade sectors, while offering limited benefits to its tourism...
Blackstone invests US$500 million in Lancium AI buildout
BLACKSTONE invested more than US$500 million in Lancium, which is building more than five gigawatts of data centres in West Texas with an eye on supplying the booming energy...
Singapore shares open higher on Thursday; STI up 0.1%
SINGAPORE stocks began trading in positive territory on Thursday (Nov 21) after global equities ended mixed overnight. As at 9.04 am, the Straits Times Index (STI) inched up 4.61...
Singtel makes senior management changes, appoints new chief corporate officer
THE telco’s Singapore deputy chief executive Anna Yip, 54, will relinquish her role to lead the business development function, which will be expanded and renamed International Digital Services. The...
Stocks to watch: Nio, Singtel
THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 21): Singtel: The telecom group on Thursday announced changes to its senior management,...
HSBC shelves plans for trading, financing carbon credits
HSBC Holdings has abandoned plans to build a carbon credits desk, according to sources familiar with the matter, as Europe’s biggest bank cools to a market rocked by repeated...
Nvidia’s AI chip demand still booming but slowing sales growth worries investors
NVIDIA forecast fourth-quarter revenue slightly above estimates on Wednesday (Nov 20), but still failed to meet lofty expectations of some investors who have made it the world’s most valuable...
