Culture
OpenAI declares ChatGPT ‘code red’ over stiff competition: report
CEO Altman says resources must be devoted to fending off the new competition to its chatbot OpenAI CEO Sam Altman has declared a…
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Culture
Culture
UltraGreen.ai’s 5.9 million share public offer 4.5 times subscribed
The public tranche of the Singapore initial public offering (IPO) of medical imaging and surgery technology firm UltraGreen.ai notched a…
Culture
Wall Street opens higher as markets mull Fed’s next step
US stocks opened higher on Tuesday (Dec 2), steadying after Wall Street’s first pullback in more than a week in the previous session, on…
Culture
Nomura CEO sees big growth phase in wealth and asset management
[TOKYO/YOKOHAMA] Nomura’s chief executive officer vowed to build on the company’s earnings revival by strengthening businesses across the…
Culture
Malaysia's Felda, FGV say Terengganu land spat could disrupt operations
They were issued an order by Terengganu state to vacate palm oil plantation land there Malaysia’s Federal Land Development Authority…
Culture
Danish ISS shares plunge on concerns over its role in deadly Hong Kong apartment fire
ISS shares slumped in Copenhagen amid concerns over the Danish company’s role in the renovation of a Hong Kong apartment fire where a…
Culture
India investigates Air India after plane flown repeatedly without safety certificate
India’s aviation regulator said on Tuesday (Dec 2) it was investigating Air India after the airline operated an Airbus A320 aircraft eight…
Culture
Citigroup faces US$5 million bill to transport its lead from Singapore
Citi plans to keep about 24,000 tons in Singapore, while 88,000 tons will likely go to Taiwan or Malaysia Citigroup will move most of its…
Culture
Taiwan charges Tokyo Electron’s Taiwan unit in TSMC trade secrets case
Taiwan prosecutors said on Tuesday (Dec 2) they had charged Tokyo Electron’s Taiwan unit with violating the National Security Act and the…
Culture
STI up 0.3%, amid mixed showing by Singapore shares
Across the broader market, there are 288 gainers and 236 decliners, with 1.3 billion securities valued at about S$1.3 billion transacted…
Culture
Analysts raise CIMB target price on ‘surprise’ capital return initiative
The bank announces it will be returning up to RM2 billion of capital to shareholders by end-2027 Analysts are maintaining their bullish…
Culture
Raffles Education sells corporate building for S$121.8 million
The property at 51 Merchant Road is being sold at about 78% over book value to an unnamed real estate player Raffles Education has sold…
Culture
Singapore Bank OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago Oversea-Chinese Banking Corp (OCBC) shares hit a…
Culture
OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago Oversea-Chinese Banking Corp (OCBC) shares hit a…
Culture
Crypto’s retail traders hit hard as Strategy ETFs plunge 80%
Retail investors who piled into Michael Saylor’s grand Bitcoin experiment are paying a heavy price. Strategy, the company once hailed for…
Culture
Indonesia assigns US$1 billion to Brics-led New Development Bank
Indonesia will assign US$1 billion to the Brics-led New Development Bank, further boosting ties with the group of developing nations. The…
Culture
Bukit Sembawang Estates a ‘potential dividend powerhouse’: DBS
Bukit Sembawang Estates has been identified as a “potential dividend powerhouse” by DBS Group Research, which sees the possibility of a…
Culture
Intel to invest additional RM860 million in Malaysia, PM says
Malaysian Prime Minister Anwar Ibrahim said US chipmaker Intel has announced an additional investment of RM860 million (S$208 million) in…
Culture
Danantara’s US$1.4 billion Garuda play emerges as key reform test
The 76-year-old airline is a major employer and a key mode of transport for the country Indonesian sovereign wealth fund Danantara’s…
Culture
US moves to deepen minerals supply chain in AI race with China
The Asian nation is home to more than 90% of global rare earths and permanent magnets refining capacity The US will seek agreements with…
Culture
Singapore’s YouTrip enters Australian market
Singapore-based multi-currency wallet YouTrip has launched operations in Australia, marking the fintech company’s first geographic…
Culture
Oil climbs over US$1 a barrel on Opec action, Ukraine attack
Concerns about a possible conflict between the United States and Venezuela run far behind the focus on the war in Ukraine Oil prices rose…
Culture
European shares kick off December on negative note; Airbus slides
European shares ended lower on Monday (Dec 1), with defence and Airbus-led industrial stocks weighing heavily on the main index, kicking…
Culture
JPMorgan doubles Swiss business by targeting wealthy clients
JPMorgan doubled its Swiss domestic private banking business between 2020 and 2024 and aims to do so again by 2030 as it targets the…