Culture
Asian markets track Wall Street lower as AI fears mount
ASIAN markets sank on Thursday after another sell-off on Wall Street as worries over the tech sector’s colossal spending on artificial…
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Culture
Culture
Why China isn’t rushing to buy Nvidia’s H200 AI chip
The US is offering China Nvidia’s second-fastest AI chip, the H200, but Beijing is holding back. Behind the hesitation lies a high-stakes…
Culture
PDD, owner of Temu, fires dozens of workers after fistfight with China officials
PDD Holdings fired a government relations team in Shanghai following a fistfight between employees and Chinese regulators who were…
Culture
KGI starts Ever Glory at ‘outperform’ with S$1.20 target amid high construction demand in Singapore
Its asset-light model and careful working-capital management enable disciplined expansion, says analyst KGI Securities has initiated…
Culture
Chip shortage lingers as Honda to halt output in Japan, China
HONDA Motor will halt production at plants in Japan and China in coming weeks, highlighting the lingering fallout of the global chip…
Culture
Apple makes changes to iOS software in face of stricter Japanese rules
APPLE is making changes to its iOS software in Japan to comply with a new local law aimed at fostering competition, part of broader…
Culture
Coinbase announces entry into prediction markets, stocks
COINBASE Global has announced its entry into prediction markets and equities trading. The biggest crypto exchange in the US said on…
Culture
Stocks to watch: Singtel, Stoneweg Europe Stapled Trust, Acrophyte Hospitality Trust, HG Metal
The following companies saw new developments that may affect trading of their securities on Thursday (Dec 18): Singtel: The board of its…
Culture
Stoneweg Europe Stapled Trust refinances, extends 85 million euro facility agreement
The managers of Stoneweg Europe Stapled Trust (Sert) on Thursday (Dec 18) announced that it has refinanced and extended an 85 million euro…
Culture
US FTC probes Instacart’s AI pricing tool, source says; shares drop
Shoppers viewing Instacart prices saw wildly different prices for the same items sourced at the same stores THE US Federal Trade…
Culture
Review of Optus emergency calls outage finds process, accountability gaps
The report finds that ‘challenges in Optus’ culture’ affected decision-making and response times An independent review into Optus’ major…
Culture
ANZ hit with second “strike” as shareholders dissent over pay report
AUSTRALIAN lender ANZ Group’s new CEO will forgo his short-term bonus this year, while a significant minority of shareholders opposed the…
Culture
Sembcorp’s purchase of Alinta has green risks
Post-acquisition, the Australian utility may present significant capital expenditures or a slower-than-expected green transition At the…
Culture
Oil rises as Trump’s Venezuela blockade takes edge off global crude surplus concerns
Oil prices rallied by more than 1 per cent on Wednesday after US President Donald Trump ordered a blockade of all oil tankers under…
Culture
Oracle data centre plan hit as Blue Owl walks from US$10 billion deal: source
Blue Owl’s discussions with lenders and Oracle for an OpenAI-linked Michigan data centre stall after failed negotiations Oracle’s largest…
Culture
Wall Street subdued at open as investors eye policy outlook; Oracle slides
Wall Street’s main indexes were subdued at the open on Wednesday (Dec 17) as investors searched for fresh clues to gauge the outlook for…
Culture
HSBC’s Elhedery to kick off 2026 with extended Hong Kong stint
His temporary relocation is part of an effort to cut down on a hectic travel schedule HSBC Holdings staff in Hong Kong are about to see a…
Culture
Acrophyte Hospitality Trust unit to divest Hyatt Place Primacy Parkway hotel for US$7.8 million
ARA USH Chicago, an indirect wholly owned subsidiary of Acrophyte Hospitality Management Trust (AHT), is selling a hotel in the United…
Culture
Chinese chip firms line up for Hong Kong listings in coming weeks
At least six Chinese companies related to artificial intelligence are set to go public in Hong Kong in the coming weeks, people familiar…
Culture
HG Metal subsidiary to buy industrial property in Tuas for S$20.8 million
A unit of steel distributor HG Metal Manufacturing has exercised an option to purchase (OTP) to acquire an industrial property in Tuas for…
Culture
Volkswagen budget cuts force battery unit to seek external funds
PowerCo is considering bank loans, external investors and a potential public offering Volkswagen’s battery business is being forced to…
Culture
Ford cancels EV battery deal worth 9.6 trillion won with South Korea’s LG Energy Solution
South Korea’s LG Energy Solution said on Wednesday (Dec 17) that Ford Motor has terminated an electric vehicle (EV) battery-supply deal…
Culture
Singapore stocks slip despite improved 2026 growth outlook; STI down 0.1%
Singapore stocks ended lower on Wednesday (Dec 17), even as private-sector economists turned more optimistic about the Republic’s growth…
Culture
South Korea central bank sees upside inflation risk with a weaker won
South Korea’s central bank said on Wednesday (Dec 17) that headline inflation in 2026 could exceed earlier forecasts, if the won stays at…