Culture
Disney invests US$1 billion in OpenAI, strikes licensing deal
The company to tap OpenAI tools for new products and experiences, and to roll out ChatGPT to staff Walt Disney agreed to invest US$1…
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Culture
Culture
S&P 500, Nasdaq opens lower on Oracle AI spending jitters
The S&P 500 and the Nasdaq opened lower on Thursday (Dec 11) as fresh worries over Oracle’s hefty AI spending plans overshadow optimism…
Culture
Opec says Opec+ raised output in November, leaves demand view steady
Opec said on Thursday (Dec 11) that the wider Opec+ oil producer group nudged up output in November as eight Opec+ members pressed ahead…
Culture
Sembcorp to acquire Australian power company Alinta Energy in A$6.5 billion deal
The asset is country’s fourth-largest utilities provider with around 1.1 million customers Sembcorp Industries will acquire Australia’s…
Culture
Filipino typhoon survivors sue Shell over climate change
Typhoon Rai struck in December 2021, killing over 400 people and leaving hundreds of thousands homeless The survivors of a deadly 2021…
Culture
Axa warns on data centre ‘gambles’ as private credit risks rise
French insurer Axa is exercising greater caution on the artificial intelligence build-out when backing financing for the sector, amid…
Culture
Seatrium consortium bags major contract with TenneT to link Germany’s grid with North Sea wind power
This brings Seatrium’s value of new wins for FY2025 to over S$4 billion to date A consortium comprising Seatrium and GE Vernova was on…
Culture
DBS’ Tan Su Shan is 29th among Forbes’ 2025 World’s 100 Most Powerful Women; two other Singaporeans ranked
The other two are Temasek Trust chair Ho Ching and seasoned venture capitalist Jenny Lee DBS Group chief executive officer Tan Su Shan is…
Culture
Can Manulife US Reit recover? Unitholders seek answers ahead of EGM
The real estate investment trust’s manager answers pointed questions from unitholders Long-suffering unitholders have grilled Manulife US…
Culture
Singapore stocks inch up after Fed rate cut; STI rises 0.2%
Across the broader market, gainers edge out losers 256 to 244 after 1.1 billion securities worth S$1.3 billion change hands Singapore…
Culture
Singtel hit with S$1 million fine for 2024 voice disruption
The incident on Oct 8 last year affected more than 500,000 users for more than four hours The Infocomm and Media Development Authority…
Culture
Singtel hit with S$1 million fine for 2024 disruption that affected over 500,000 users
The incident on Oct 8 last year affected more than 500,000 users for more than four hours The Infocomm and Media Development Authority…
Culture
Swiss National Bank holds interest rate at zero, cuts inflation forecast
The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut The Swiss National Bank kept its…
Culture
Bank of Japan reluctant to intervene on rising yields, sources say
The recent rises are due to investors taking a wait-and-see approach on uncertainty over how far the BOJ can eventually raise rates The…
Culture
Brookfield plans Singapore hires to tap Asia energy demand boom
The firm aims to bring in up to four people to focus on renewable-energy and low-carbon tech deals Brookfield Asset Management plans to…
Culture
India's equity mutual fund inflows rebound in November on strong earnings, low inflation
Equity mutual fund inflows into the Indian stock market rebounded after three months in November, as improved corporate earnings, stable…
Culture
India’s aviation watchdog deploys monitors to IndiGo offices
These teams are required to give daily reports to the Directorate General of Civil Aviation India’s aviation regulator, in an…
Culture
CLI closes second onshore sub-fund; targets 1.48 billion yuan in funds under management
It is under the CLI RMB Master Fund with CapitaMall Xinduxin, as the seed asset Global real asset manager CapitaLand Investment (CLI) said…
Culture
DBS bullish on developers, hikes up target prices for CDL, UOL, GuocoLand
The increase comes on lower interest rates and plans by these firms to recycle capital and rejuvenate assets DBS Research has taken a…
Culture
Hongkong Land shares end 5.5% higher on S$1.45 billion sale of MBFC stake
The group is selling its share to Keppel Reit, which will have a two-thirds interest in the property upon completion Shares of Hongkong…
Culture
Bitcoin dips below US$90,000 as AI worries dent risk appetite
Fresh concerns about artificial intelligence profits weighed on technology stocks Cryptocurrencies tumbled on Thursday (Dec 11) and…
Culture
More dissenters could signal increased resistance to future Fed rate cuts
Investors should be positioned for the Fed to continue easing at least once more in 2026, say analysts THE US Federal Reserve’s expected…
Culture
China’s ZTE may pay more than US$1 billion to the US over foreign bribery allegations: sources
ZTE said it is engaged in “ongoing communication” with the US Justice Department CHINESE telecom equipment maker ZTE Corp may pay more…
Culture
Vietnam amends law to ban exports of raw rare earth minerals
Only companies with government approval will be permitted to exploit, process and use rare earths Vietnam’s parliament moved to ban…