Culture
Asia: Markets mostly up as producer price data stokes rate cut bets
ASIAN equities mostly rose on Thursday as investors built on this week’s rally after US data ramped up expectations for a string of…
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Culture
Culture
Top Japan start-up Sakana AI touts nature-inspired tech
WHEN David Ha started an AI company in Japan with his former Google colleague, they had a choice: create another huge, energy-intensive…
Culture
Indonesian yield curve steepest since early 2023 on fiscal fears
Longer-dated rupiah bonds are also vulnerable to moves in US Treasuries due to the heavier concentration of global investors in those…
Culture
China’s US$4.5 trillion flows mark tipping point in market opening
A world-beating stock market rally has led the recent surge in two-way financial flows, which surged to an unprecedented US$4.5 trillion…
Culture
TVM Capital Healthcare announces first close of US$150 million South-east Asia Fund
Investor commitments to the fund include institutional investors and cornerstone investor Invest International, which was founded by the…
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Bank of Japan watchers expect hike by January with 36% touting October
The central bank will kick off its September meeting shortly after the US Federal Reserve is expected to cut its policy rate Most Bank of…
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Alibaba seeks US$3.17 billion in 2025’s biggest convertible issue
The company is raising the funds for purposes including scaling up its data centres, upgrading technology and expanding international…
Culture
Recipe: Healthy Homemade Pumpkin Spice Latte - Southern Curls & Pearls
We recently updated our coffee bar for fall, and I wanted to share the details with you all! Ever since we moved into our new house, I’ve…
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UOL sells Kinex mall for S$375 million
Property developer UOL has entered into an agreement to sell Kinex, a retail mall, for US$375 million. The buyers of the freehold property…
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BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market A group led by BlackRock’s…
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US: S&P 500, Nasdaq hit record highs on boosted rate-cut bets
The S&P 500 and the Nasdaq hit intraday record highs at the open on Wednesday (Sep 10), after cooler-than-expected producer inflation data…
Culture
AI infrastructure company Nebius to raise US$3 billion to fuel growth
Nebius Group said on Wednesday (Sep 10) it would raise US$3 billion to fuel growth in its core artificial intelligence cloud business, on…
Culture
mm2 Asia’s Malaysia unit settles dispute with landlord over unpaid rent, other charges
A Malaysian unit of beleaguered entertainment group mm2 Asia has settled a dispute with its landlord, Hektar Real Estate Investment Trust,…
Culture
Del Monte Pacific swings into the black in Q1 with US$5.5 million net profit
This is due to higher sales from both the company’s domestic market in the Philippines and international markets Canned-food brand Del…
Culture
Nio plans US$1 billion share sale to fund EV growth
The Shanghai-based EV maker will sell as many as 181.8 million new shares at HK$42.86 to HK$44.46 each Chinese electric-vehicle maker Nio…
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Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
Oracle said on Tuesday (Sep 9) that it expects booked revenue at its Oracle Cloud Infrastructure (OCI) business to exceed half a trillion…
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Frasers Property’s emerging markets chief to take on additional role of Thailand CEO
Lim Hua Tiong is set to replace Thanapol Sirithanachai, who will continue to serve on the board Frasers Property’s emerging markets chief…
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Centurium considers stake sale in US$6 billion Taibang Biologic: sources
Chinese private equity firm Centurium Capital is considering selling its stake in Taibang Biologic Group, people familiar with the matter…
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mm2 Asia scraps stake sale; PE fund to take 29% of Vividthree stake in direct share deal instead
As a result of the new share placement, controlling shareholder mm2 Asia’s stake in Vividthree will be diluted to 23% Vividthree Holdings…
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Johor fastest-growing South-east Asian data centre hub; Singapore expansion remains ‘constrained’
The city-state’s ‘strict planning controls’ are leading global tech firms to look north: Knight Frank report Johor is the fastest-growing…
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Asian markets enjoy record day as new US jobs data fans rate cut hopes
Asian markets extended gains on Wednesday (Sep 10), with Tokyo and Seoul emulating a record day on Wall Street as fresh data pointing to a…
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Ellison rivals Musk as world’s richest man with US$70 billion gain
Larry Ellison is closing in on Elon Musk for the title of the world’s richest person. His fortune soared US$70 billion after Oracle…
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Wegovy-maker Novo Nordisk to cut 9,000 jobs in restructuring
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish…
Culture
Deutsche Bank hires trio for Asia Pacific credit trading, sales
Deutsche Bank hired three for its Asia Pacific credit trading and sales desk, underscoring high demand for staff, as finance professionals…