Culture
Asian markets track Wall Street record after Fed cut
ASIAN equities rose on Friday as investors tracked a record day on Wall Street in the wake of the Federal Reserve’s latest interest rate cut.The gains came despite renewed...
Philippine central bank chief tempers hawkish view, sees one more cut
PHILIPPINE central bank Governor Eli Remolona said monetary authorities may cut the benchmark interest rate one more time in the current easing cycle with the economic recovery likely to...
SoftBank eyes data centre group Switch as Son hunts for AI
Acquiring Switch would allow SoftBank to own a large portfolio of data centres outrightSOFTBANK Group is studying potential acquisitions including data centre operator Switch, as billionaire founder Masayoshi Son...
Hongkong Land shares close 3.5% down following news of S$8 billion real estate fund
[SINGAPORE] Shares of Hongkong Land soared as much as 5.5 per cent after the company announced plans to inject its interests in One Raffles Quay, Marina Bay Financial Centre...
Global EV sales growth slowest since Feb 2024 on China plateau, US policy changes
GLOBAL EV sales grew in November at the slowest rate since February 2024 as China plateaued, while the end of an EV tax credit scheme in the United States...
Trump signs order aimed at curbing state AI laws
[WASHINGTON] US President Donald Trump on Thursday signed an executive order on artificial intelligence that will attempt to preempt a growing number of state laws governing the technology with...
Hongkong Land hives off MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore private fund
It will be Singapore’s biggest private real estate fund; move follows divestments of other major assets[SINGAPORE] Following the sale of its stake in Marina Bay Financial Centre (MBFC) Tower...
Stocks to watch: Sembcorp, CDL, UOL, GuocoLand, Seatrium, Singtel, Hongkong Land
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Dec 12): Sembcorp Industries : The engineering services company on Thursday announced that...
Sembcorp’s Alinta Energy buy: One step forward on earnings, two steps back on emissions?
Sembcorp says the acquisition is driven by Alinta’s renewables pivot, not its Loy Yang B coal-fired power station[SINGAPORE] Sembcorp Industries’ acquisition of Alinta Energy is a “half-full” and “half-empty”...
Reddit files lawsuit against Australia’s social media ban
[SYDNEY] Message board website Reddit on Friday filed a lawsuit asking the High Court to overturn Australia’s social media ban for people under 16 as well as its inclusion...
Lululemon CEO McDonald to step down, shares rise 10%
LULULEMON Athletica said that CEO Calvin McDonald was leaving the company without a replacement and raised its annual profit forecast, sending shares up about 10 per cent in extended...
Do Kwon, the TerraUSD creator who co-founded Singapore-based Terraform Labs, jailed 15 years over US$40b crypto fraud
Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud[NEW YORK] Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an...