Culture
HSBC relaunches ‘Premier’ brand in UK in pursuit of wealthy clients
HSBC is relaunching its ‘Premier’ wealth banking brand in Britain, targeting so-called mass affluent customers who have between £100,000 (S$170,082) and £2 million to invest.
Jose Carvalho, HSBC UK’s head...
OpenAI launches free AI training course for teachers
Trained on reams of data, generative AI can create brand-new humanlike content, helping users spin up term papers, complete science homework and even write entire novelsOPENAI and non-profit partner...
Chinese EV maker Nio’s Q3 net loss widens to 5.1 billion yuan on lower vehicle sales
CHINESE electric vehicle (EV) maker Nio’s net loss widened to 5.1 billion yuan (S$945.5 million) for its third quarter ended Sep 30, 2024, from 4.6 billion yuan in the...
China funds slash ETF fees, escalating price war in booming market
MAJOR Chinese fund companies announced a big reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday (Nov 20), intensifying price competition in the rapidly expanding...
ADIA, GIC in talks to acquire Pye-Barker Fire & Safety minority stake: sources
The Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC are in advanced talks to acquire a minority stake in Pye-Barker Fire & Safety in a deal that would value...
Brokers’ take: RHB upgrades UOB to ‘buy’, lifts price target to S$40.20 on positive 2025 outlook
RHB has upgraded its call for UOB to “buy” from “neutral”, while raising its price target for the lender to S$40.20 from S$35.60 previously.The new price target is 10.3...
Hot stock: Keppel DC Reit rises 2.3% as investors weigh S$1.4 billion data centre deal, equity fundraising
UNITS of Keppel DC Real Estate Investment Trust (Reit) gained some ground in the morning trading session on Wednesday (Nov 20). As at 9.55 am, the counter jumped 2.3...
Hot stock: Keppel DC Reit up 4.6% as investors weigh S$1.4 billion data centre deal, equity fundraising
It remains the top-traded counter in terms of value by mid-day trading break on WednesdayUNITS of Keppel DC Real Estate Investment Trust (Reit) extended their early-trade rally, adding S$0.10...
Dyna-Mac loses free float; offeror to exercise right of compulsory acquisition
THE offeror of Dyna-Mac, Hanwha Ocean SG, will make a compulsory acquisition of the company’s shares, it said on Wednesday (Nov 20) morning.As at 6 pm on Tuesday, the...
Keppel DC Reit’s upsized private placement closes at S$2.09 apiece; equity fundraising totals S$1.1 billion
KEPPEL DC Real Estate Investment Trust (Reit) closed its private placement at S$2.09 apiece with 334.9 million new units issued, said the manager on Wednesday (Nov 20). The private...
