Culture
Citigroup sees bigger IPOs as private deals bulk up valuations
[NEW YORK] A wave of big initial public offerings (IPOs) is building as emerging growth companies stay private for longer and bulk up their valuations through secondary stock sales.“I...
Best performing S-Reits post double-digit total returns in H1
[SINGAPORE] The S-Reit sector delivered a stable performance in the first half of 2025, with the iEdge S-Reit index gaining 0.6 per cent to 1,010.73 as at Thursday (Jun...
Wall Street’s booming June is big bet against economy doomsayers
[NEW YORK] Wall Street is throwing a summer party with markets just closing out their best cross-asset advance in more than a year on receding fears of a global...
OpenAI turns to Google’s AI chips to power its products: source
Published Sun, Jun 29, 2025 · 08:00 AM[SAN FRANCISCO] OpenAI recently began renting Google’s artificial intelligence (AI) chips to power ChatGPT and its other products, a source close to...
Hong Kong-listed China Medical System seeks secondary listing on SGX
[SINGAPORE] Hong Kong-listed China Medical System (CMS) is seeking a secondary listing on the mainboard of the Singapore Exchange (SGX) in July this year.CMS is a specialty pharma with...
Hong Kong’s sixfold jump in share sales drives boom year in Asia
[HONG KONG] Hong Kong’s having a banner year as it marches towards becoming the second-largest market globally for share sales for the first time since 2012.Proceeds from listings and...
Elon Musk says first Tesla drove itself from factory to customer
Published Sat, Jun 28, 2025 · 09:51 AM[AUSTIN] Tesla chief executive Elon Musk said a Tesla Model Y SUV drove itself from the company’s factory near Austin to a...
Meta seeks US$29 billion from private capital firms for AI data centres, FT reports
[BENGALURU] Meta Platforms is seeking to raise US$29 billion from private capital firms to build artificial intelligence (AI) data centres in the US, the Financial Times reported on Friday...
GuocoLand’s Dora Chng on condo buyer preferences.
[SINGAPORE] As customers’ needs evolve, having a flexible layout can be a big draw for discerning condo buyers here, according to Dora Chng, residential director of GuocoLand.A flexible layout...
Oil steadies after report of planned Opec+ August output hike
[HOUSTON] Oil prices edged up slightly on Friday (Jun 27), recovering from a midday drop into negative territory following a report that Opec+ was planning to hike production in...
Wealthy Silicon Valley investors in line for US$17 billion windfall in US senate Republican tax Bill
[NEW YORK] Silicon Valley’s favourite tax break may be getting an upgrade.
Venture capitalists, along with successful tech founders and early startup employees, already pay no taxes on billions of...
