Culture
Saudi Aramco weighs raising billions of dollars from its biggest disposals yet
Saudi Aramco is considering plans to raise billions of dollars by selling a range of assets, people familiar with the matter said, deals…
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Culture
Culture
Amid AI frenzy, concerns mount over sustainability of equity rally as valuations continue to soar
The bulls say the AI boom is unlike the dotcom boom in that the main players this time are extremely profitable giants such as Microsoft,…
Culture
China's Unipec agrees to jet fuel term supply deal with Lufthansa
China’s state oil trader Unipec, a vehicle of refining giant Sinopec Corp, has signed a term deal to supply about 60,000 metric tons of…
Culture
JTC, NUS to explore setting up new facility on Jurong Island to test green data centre innovations
Separately, refiner Aster will invest US$150 million in a new gas turbine, and inks deal to produce low-carbon hydrogen Industrial…
Culture
Singapore stocks rise amid mixed regional trading; STI up 0.6%
Across the broader market, gainers outnumber losers 336 to 238 after 2.1 billion securities worth S$3.2 billion change hands Singapore…
Culture
Revolut’s valuation hits US$75 million as it completes fundraising
Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation…
Culture
Revolut’s valuation hits US$75 billion as it completes fundraising
Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation…
Culture
Rupee gains as RBI returns to defend currency after slump
INDIA’S rupee bounced back after the Reserve Bank of India (RBI) resumed efforts to support it, following a sharp drop last Friday when…
Culture
DBS said to revise Alliance Bank offer proposal to 30% stake
It made the decision after failing to get approval for its initial request to buy as much as 49% Singapore’s biggest bank has withdrawn an…
Culture
Dubai property frenzy sets developers on a US$6 billion debt spree
From Islamic bonds to private credit, they ride one of the Gulf country’s longest real estate booms in years Property developers in the…
Culture
Alibaba’s main AI app debuts strongly in effort to rival ChatGPT
The Chinese e-commerce leader’s Qwen is among the faster risers, particularly in China Alibaba Group Holding’s Qwen app drew more than 10…
Culture
Singapore court clears way for US$2.7 billion suit against Stanchart in 1MDB scandal-linked claim
Claims involve alleged US$150 million deposit to Najib Razak and millions for Rosmah’s bags and jewellery The Singapore High Court has…
Culture
Surging Chinese imports of Indonesia oil point to rebranded Iranian crude, traders say
China’s imports from Malaysia have almost halved since July from this year’s peak in March at 8.5 million tonnes China is importing…
Culture
Marco Polo Marine expects ‘significantly higher’ FY2025 net profit
This is mainly due to impairment loss reversals on certain vessels and the disposal of its stake in Marco Polo Offshore Marine logistics…
Culture
Macquarie Asset Management offers US$7.5 billion for logistics firm Qube
The Australian logistics and shipping-containers’ operations span container leasing, car and grain cargo terminals, and road and rail…
Culture
Lum Chang Creations subsidiary secures 2 contracts worth S$63.4 million
Urban revitalisation specialist Lum Chang Creations on Monday (Nov 24) said its wholly owned subsidiary, Lum Chang Interior, clinched two…
Culture
China’s Premier Li Qiang launches charm offensive on rare earths at G20
European nations have been hit hard by the Asian nation’s decision to require export licenses for metals with military purposes CHINA’S…
Culture
UPS, FedEx scramble to shore up networks drained by deadly crash
The grounding has drained capacity and complicated operations for the world’s largest package delivery companies just as shipping volumes…
Culture
BRC Asia H2 profit falls 5% to S$52.2 million
Steel solutions provider BRC Asia reported a 5 per cent decrease in net profit for the second half of the year to S$52.2 million, from…
Culture
Wingtech urges Nexperia to respond on control dispute as it appeals Dutch decision over ownership
The Dutch suspend their Nexperia intervention but but do not revoke the original Sep 30 ruling [AMSTERDAM/BEIJING] Chinese semiconductor…
Culture
BHP makes renewed takeover approach to Anglo American: sources
BHP Group has made a renewed takeover approach to Anglo American, the London-listed miner that is itself seeking to reshape the industry…
Culture
Investors eye holiday season turbulence amid AI and rate cut doubts
A crucial uncertainty set to dog markets in coming days is whether the Fed will cut rates at its Dec 9 to Dec 10 meeting Stock market…
Culture
The Ultimate Holiday Gift Guide For Everyone on Your List - Fashion Jackson
‘Tis the season, guys! I can hardly believe we’re here again, but we are. The holidays are coming in hot and it’s always better to shop…
Culture
Beyond property development: Far East Orchard leans on student accommodation for recurring income
When real estate veteran Alan Tang took over as group chief executive officer of Far East Orchard (FEOR) on Jan 1, 2020, few could have…