Culture
Oil falls after Trump reveals plan for Venezuelan oil
Oil prices fell on Wednesday as US President Donald Trump’s plan to refine and sell Venezuelan crude oil raised concerns about the…
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Culture
Culture
Chinese AI server leader xFusion hires investment bank in first step towards listing
The Chinese authorities have fast-tracked IPOs in the AI and chipmaking sectors due to US’ curbs on high-tech exports China’s leading…
Culture
Chinese refiners expected to replace Venezuelan oil with Iranian crude
Analysts say the Venezuela drama hits ‘teapots’ the hardest, and do not foresee them bidding up for unsanctioned barrels Chinese…
Culture
JPMorgan replaces proxy advisers with AI for voting US shares
The internal AI platform, dubbed Proxy IQ, will now be used to manage votes and analyse data on more than 3,000 annual company meetings…
Culture
Wall St opens muted after AI-driven rally; labour data in focus
Wall Street’s main indexes opened muted on Wednesday (Jan 7), as investors took a breather after an AI-driven rally in the previous…
Culture
US seizing Venezuela-linked, Russian-flagged oil tanker after weeks-long pursuit
The United States is attempting to seize a Russian-flagged oil tanker with links to Venezuela after a more than two-week-long pursuit…
Culture
US seizes Venezuela-linked, Russian-flagged oil tanker after weeks-long pursuit
It appears to be the first time in recent memory that the US military seizes a Russian-flagged vessel The US seized a Russian-flagged oil…
Culture
AI ‘fatigue’ leaves investors focused on S&P’s other 493 stocks
A growing number of investors are now wagering that run, led by the Magnificent Seven, is about to end Bets on artificial intelligence…
Culture
iFast’s proposed acquisition of Financial Alliance stake could be more exciting than it looks
The relatively modest investment could burnish the growth strategy of iFast, which is on track for a multi-year growth trajectory When…
Culture
Frasers Centrepoint Trust secures S$400 million green loan facility
This involves term loan and revolving credit facilities from DBS, OCBC and Maybank Frasers Centrepoint Trust (FCT) has entered into a…
Culture
Samsung Electronics to buy 2.5 trillion won of its shares for employee compensation
Samsung Electronics on Wednesday said it would acquire 2.5 trillion won (S$2.2 billion) worth of its own shares for employee and executive…
Culture
Warner Bros likely to reject Paramount’s latest hostile bid, source says
WARNER Bros Discovery will likely reject Paramount Skydance’s amended US$108.4 billion hostile bid for the storied Hollywood studio…
Culture
Tesla’s vanishing order hastens fall of an US$800 million fortune
TESLA once propelled a little-known South Korean family into the ranks of the ultra-rich on a landmark supply deal. But as the contract…
Culture
US Fed officials showed deep divisions at December meeting: minutes
THE US Federal Reserve agreed to cut interest rates at its December meeting only after a deeply nuanced debate about the risks facing the…
Culture
SoftBank has completed its US$40 billion investment in OpenAI
It has been building one of the largest private technology investment programmes in the world, with a particular focus on AI and related…
Culture
Wall Street opens subdued after tech-led drop halts rally
Wall Street’s main indexes opened muted on Tuesday (Dec 30), a day after logging their steepest one-day decline in nearly two weeks as…
Culture
Cambridge Artificial Intelligence and Incredible Holdings have entered a non-binding MOU to explore the transaction
Cambridge Artificial Intelligence and Incredible Holdings have entered a non-binding MOU to explore the transaction Electronics and…
Culture
Alibaba, Abu Dhabi set to invest in AI startup MiniMax’s US$600 million IPO
CHINESE artificial intelligence (AI) startup MiniMax has secured Alibaba and the Abu Dhabi Investment Authority as key backers in its…
Culture
China mandates 50% domestic equipment rule for chipmakers
They must prove through procurement tenders that at least half their equipment will be Chinese-made China is requiring chipmakers to use…
Culture
Co-living provider The Assembly Place files preliminary prospectus for Catalist IPO
Proceeds will be used to grow the company’s portfolio, including its expected expansion into Malaysia Co-living operator The Assembly…
Culture
LV applies for summary judgement against ValueMax in alleged trademark infringement lawsuit
Global luxury and fashion goods company Louis Vuitton has applied for summary judgement for its lawsuit against a wholly owned subsidiary…
Culture
AI memory demand propels Kioxia to world’s best-performing stock
Artificial intelligence’s insatiable appetite for data storage has delivered Japanese memory chipmaker Kioxia Holdings world-beating stock…
Culture
Acquisition will be completed in second half of 2026 and make SUTL Enterprise the largest owner-operator of integrated marinas in Singapore
Acquisition will be completed in second half of 2026, making SUTL Enterprise the largest owner-operator of integrated marinas in Singapore…
Culture
Indonesia to cut mining output quotas to support prices
It’s to ensure the prices of mineral commodities are “rational”, allowing the government in turn to earn more revenues The Indonesian…