Business
Oracle marches toward US$1 trillion club; tech stocks cheer
The stock’s gains also put co-founder Larry Ellison on course to beat Elon Musk as the world’s richest man Oracle’s shares rose on…
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Business
Business
TalkMed to delist from SGX on Sep 15
Healthcare provider TalkMed announced on Thursday (Sep 11) that it will be delisted from the Singapore Exchange from 9 am on Sep 15. This…
Business
The Return of Tarell Alvin McCraney’s Masterpiece, “The Brothers Size”
At the beginning of Tarell Alvin McCraney’s poetic drama “The Brothers Size,” now at the Shed, one of the play’s three actors pours white…
Business
Veteran banker sees Malaysia’s BNM keeping rates unchanged
A veteran banker who led a Malaysian lender to record profit says that the South-east Asian country can hold off on further cutting…
Business
Indonesian yield curve steepest since early 2023 on fiscal fears
Longer-dated rupiah bonds are also vulnerable to moves in US Treasuries due to the heavier concentration of global investors in those…
Business
LHN extends rally, jumps 8.6% to record S$1.01 on SGX approval of proposed Coliwoo listing
Shares of LHN advanced for a second day straight on Thursday (Sep 11) morning after its proposed spin-off of its co-living business…
Business
South Korea Lifts Ban on VC Funding for Crypto Companies
South Korean cryptoasset-related companies can now apply for venture capital (VC) funding after Seoul abolished a seven-year-old ban. The…
Business
DoorDash plans to test drone deliveries in San Francisco warehouse
Food delivery app DoorDash is setting its sights on a new destination to test out flying drone deliveries: San Francisco. The tech company…
Business
UOL sells Kinex mall for S$375 million
Property developer UOL has entered into an agreement to sell Kinex, a retail mall, for US$375 million. The buyers of the freehold property…
Business
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market A group led by BlackRock’s…
Business
US: S&P 500, Nasdaq hit record highs on boosted rate-cut bets
The S&P 500 and the Nasdaq hit intraday record highs at the open on Wednesday (Sep 10), after cooler-than-expected producer inflation data…
Business
mm2 Asia scraps stake sale; PE fund to take 29% of Vividthree stake in direct share deal instead
As a result of the new share placement, controlling shareholder mm2 Asia’s stake in Vividthree will be diluted to 23% Vividthree Holdings…
Business
Centurion wins shareholder support for Reit listing plan
The Reit will accelerate the group’s growth and support sustainable capital recycling, says chief executive Kong Chee Min Mainboard-listed…
Business
“Cashing Out” Examines an Investment Strategy That Profited from AIDS Deaths
As grateful as I am to the director Matt Nadel for making “Cashing Out,” a vital and outstanding film about a terrible time, it also made…
Business
Tesla continues its skid in mainland China as August electric car sales, market share fall
Tesla is gradually losing its appeal in China's premium electric vehicle (EV) segment as its sales and market share fall. The US carmaker…
Business
Deutsche Bank hires trio for Asia Pacific credit trading, sales
Deutsche Bank hired three for its Asia Pacific credit trading and sales desk, underscoring high demand for staff, as finance professionals…
Business
Alibaba mapping app steps into local business rankings, intensifying competition
Alibaba’s mapping app Amap is moving away from its traditional focus on navigation and encroaching into rival Meituan’s local-lifestyle…
Business
China’s green tech firms pour billions into overseas factories
Industry giants, including Contemporary Amperex Technology, BYD and Trina Solar, have announced billions on overseas factories in more…
Business
Stocks to watch: Frasers Property, SingPost, HRnetGroup, LHN, Sim Leisure
The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 10): Frasers Property: Its…
Business
Battle over W. Bank Palestinian work permits heats up after Jerusalem terror attack
Defense Minister Israel Katz announced canceling 750 Palestinian work permits and demolishing homes after the Jerusalem attack, drawing…
Business
Does Society Have Too Many Rules?
I live in a three-generation household. My wife and I, our son and daughter, and my in-laws share a single house in the Long Island…
Business
Sim Leisure to receive compensation after settling theme park dispute with Bandar Malaysia
The theme park operator expects the compensation sum to have a material positive impact on its earnings for the current financial year…
Business
US: Wall St opens slightly higher in run-up to employment revision figures
Wall Street indexes opened slightly higher on Tuesday (Sep 9), a day after closing near record peaks, as investors remained cautious ahead…
Business
Anglo American agrees to buy Teck in deal reshaping mining
Anglo American has agreed to acquire Canada’s Teck Resources, creating a more than US$50 billion company in one of the biggest mining…