Culture
Warburg Pincus-backed data centre operator Princeton Digital bags US$1.3 billion from Stonepeak
Warburg Pincus-backed Princeton Digital Group announced on Friday (Jul 18) that it secured US$1.3 billion in funding from Stonepeak, a…
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Culture
Culture
BHP delays Jansen potash project as costs surge; logs record copper output
BHP Group flagged delays and cost overruns of about 30 per cent for its key Jansen Stage 1 potash project on Friday (Jul 18), even as the…
Culture
Japan, EU to explore joint rare earths procurement: Nikkei
Japan and the European Union will consider joint public-private partnerships as they look to reduce their reliance on China in areas such…
Culture
DBS shares rally to a new record as STI clocks yet another high
DBS shares hit a new high on Friday (Jul 18) morning, bringing the Straits Times Index (STI) to a fifth consecutive record in intra-day…
Culture
Seven & i risks becoming buyout target again if turnaround fails
Even after fending off Alimentation Couche-Tard’s unsolicited 6.77 trillion yen (S$58.5 billion) takeover approach, Seven & i Holdings…
Culture
Fed’s Waller wants July interest rate cut amid rising growth, job market risks
Federal Reserve governor Christopher Waller said on Thursday (Jul 17) that he continues to believe the US central bank should cut interest…
Culture
Gold heads for weekly dip as strong dollar, US data weighs
Gold was flat in early Asian trade on Friday (Jul 18), heading for a weekly fall, weighed down by an overall stronger US dollar and solid…
Culture
US set to impose 93.5% duty on China battery material
The US Commerce Department imposed preliminary anti-dumping duties of 93.5 per cent on Chinese imports of graphite, a key battery…
Culture
Food Empire partners AirAsia to launch ready-to-drink beverages
The tie-up kicks off with a Vietnamese iced-coffee product to be sold on board the airline’s flights Mainboard-listed Food Empire will…
Culture
China threatens to block Panama ports deal unless its shipping giant gets stake: report
Chinese officials have told BlackRock, MSC and Hutchison that if Cosco is left out of the deal, Beijing would take steps to block…
Culture
Stocks to watch: OCBC, Singtel, Wilmar, Food Empire, Telechoice
The following companies saw new developments that may affect trading of their securities on Friday (Jul 18): OCBC, Singtel: The bank will…
Culture
Wells Fargo suspends China travel after employee exit ban: source
Wells Fargo has suspended all travel to China after a banker was blocked from leaving the country, a source familiar with the matter told…
Culture
Lululemon’s best-selling black leggings pile up at outlet stores
Lululemon Athletica is facing slowing sales, fewer store visitors and waning demand for its iconic black leggings as the yogawear retailer…
Culture
Oil jumps US$1 after further drone attacks on Iraq oil fields
Oil prices rose US$1 on Thursday (Jul 16) after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in…
Culture
US: S&P 500, Nasdaq end at record highs after solid retail data
Wall Street stocks rose to fresh record highs on Thursday (Jul 17) as markets focused on solid US retail sales data and corporate earnings…
Culture
Europe: Shares see first daily gain in five on strong earnings
European shares snapped a four-day losing streak on Thursday (Jul 17), boosted by gains in industrials ABB and Legrand after they reported…
Culture
Amazon’s AWS cloud computing unit cuts jobs
Amazon cut jobs in its Amazon Web Services cloud computing unit on Thursday (Jul 17), a spokesperson confirmed following a Reuters…
Culture
China’s WeRide secures LTA approval to run driverless bus without safety officer in Sentosa
China-based WeRide has secured approval from Singapore’s Land Transport Authority (LTA) to operate a driverless bus in Sentosa without an…
Culture
Uber to invest US$300 million in EV maker Lucid as part of robotaxi deal
Uber will invest US$300 million in electric vehicle maker Lucid in a robotaxi deal that aims to start with one major US city late next…
Culture
US: Wall St opens marginally higher as markets weigh data
Wall Street opened largely steady on Thursday (Jul 17), as investors mulled over fresh economic data, while upbeat results from Taiwan’s…
Culture
Samsung chairman Lee’s long legal saga ends with acquittal
Samsung Electronics executive chairman Lee Jae-yong was cleared of all charges related to accounting fraud and stock manipulation by South…
Culture
India’s private market boom set to continue, as investors keep shunning China
A surge in the value of private equity (PE) deals signed in India in the first half of this year, coupled with the inking of the country’s…
Culture
No let-up in India’s private market boom as investors continue to shun China
A surge in the value of private equity (PE) deals signed in India in the first half of this year, coupled with the inking of the country’s…
Culture
Wilmar to acquire up to 20% of Mumbai-listed joint venture with Adani
Agri-specialist Wilmar International has agreed to acquire up to 20 per cent of the shares held by India’s Adani Commodities in the two…