Business
China’s Xiaomi to raise up to US$5.27 billion from share sale
The money raised is earmarked for business expansion, investment in research and technology development and general corporate purposes…
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Business
Business
Elliott has built significant stake in Sumitomo Realty: sources
ELLIOTT Investment Management has built a sizeable stake in Japanese real estate developer Sumitomo Realty & Development Co, said people…
Business
23andMe Files for Bankruptcy Amid Concerns About Security of Customers’ Genetic Data
The genetic testing company 23andMe filed for bankruptcy protection on Sunday after months of uncertainty over its business model and…
Business
AI boom turns Asian data centres into magnets for loan deals
Artificial intelligence advances are fuelling a funding frenzy for data centres in Asia, spawning a series of record-breaking loans and…
Business
Singapore shares rise on Monday; STI up 0.3%
Singapore shares ended higher on Monday (Mar 24), bucking a regional trend. The Straits Times Index (STI) rose 0.3 per cent or 9.88 points…
Business
BlackRock shifts to US junk bonds with ECB set to slow rate cuts
BlackRock is taking advantage of recent outperformance in European credit markets to sell some junk bonds there and buy more in the US in…
Business
Malaysia central bank sees significant growth hurdles ahead
Malaysia’s central bank said that growth risks loom large in its monetary policy considerations, as brewing global trade disputes and…
Business
Thai users share staged clip as genuine footage of 'Bank of China ex-chairman after death sentence'
Thai social media users have shared a staged video of a man being taken away with the false claim it is genuine footage of the former Bank…
Business
Temasek’s asset manager Seviora expands to the Middle East
Seviora Group, an asset manager that is wholly owned by Temasek, is widening its reach by opening its first office in the Middle East.…
Business
DFI up 5.8% on sale of Singapore food business
It is selling its Singapore food business to South-east Asian retail conglomerate Macrovalue (Malaysia) for an initial purchase price is…
Business
Sinopec’s 2024 net profit drops 16.8% due to falling oil prices, NEVs
China Petroleum & Chemical Corporation, known as Sinopec, reported a 16.8 per cent decline in 2024 net profit, citing lower crude oil…
Business
DFI sells Singapore food business, including Cold Storage and Giant, for S$125 million to Macrovalue
Supermarket and retail store operator DFI Retail Group on Monday (Mar 24) announced the divestment of its Singapore food business to…
Business
Jack Ma-backed Ant touts AI breakthrough built on Chinese chips
Jack Ma-backed Ant Group used Chinese-made semiconductors to develop techniques for training artificial intelligence (AI) models that…
Business
Asia: Markets fluctuate as traders prepare for ‘Liberation Day’
Asian markets swung on Monday as the White House prepares to impose tariffs on key trading partners next week that many fear could deal a…
Business
BOJ to raise rates if price outlooks to be achieved, deputy governor says
The Bank of Japan would continue raising interest rates if the central bank’s outlooks on the economy and prices are likely to be…
Business
Tencent upgrades AI model to compete with DeepSeek, Alibaba
Tencent Holdings unveiled an upgraded artificial intelligence (AI) reasoning model, the latest bid by China’s most valuable company to…
Business
Aussie dollar to snap losing streak on RBA stance, China support
[MELBOURNE, SYDNEY] The Australian dollar may be headed for its first annual gain since 2020, as the central bank keeps interest rates…
Business
AI startup Perplexity confirms interest to buy TikTok
Artificial intelligence (AI) startup Perplexity on Friday (Mar 21) expressed its interest in buying TikTok, which faces a deadline to…
Business
Stumbling stock market raises spectre of dot-com era reckoning
A revolutionary new technology comes along and infatuates investors with its seemingly limitless possibilities. Euphoria sparks a stock…
Business
Salvaging Qantas just the start as new CEO pledges more to come
[SYDNEY, HONG KONG] Vanessa Hudson could hardly have taken the helm of Qantas Airways at a worse time. The brand was in tatters after a…
Business
Data centres a possibility for Stoneweg European Reit under new sponsor
SWI Group “fully supports” the Reit’s strategy to rebalance its portfolio to focus more on industrial properties and high-quality offices…
Business
Temasek-backed 65 Equity Partners sees global firms as possible source for IPO pipeline
The firm’s Anchor Fund @ 65 mandate complements measures unveiled in MAS equities review group, says management Compared with stock…
Business
Signs of weakness in Hang Seng have emerged
AS AT Mar 20, 2025, the Hang Seng Index (HSI) had recorded a strong year-to-date increase of about 23.42 per cent, closing at 24,219.95…
Business
DoorDash Announces ‘Buy Now, Pay Later’ Partnership With Klarna
DoorDash customers can now take out a loan for a $40 order of burritos or a $50 pizza delivery. The financial tech company Klarna and the…