Culture
MicroStrategy’s Michael Saylor wants more ‘intelligent leverage’
MICROSTRATEGY co-founder and chairman Michael Saylor says the dot-com-era software maker turned leveraged Bitcoin proxy plans to focus more on fixed-income securities for raising capital to buy the cryptocurrency,...
Micron drops after sluggish PC, phone demand hurts forecast
MICRON Technology, the largest US maker of computer memory chips, tumbled in late trading after its revenue forecast missed projections by about US$1 billion, hurt by sluggish demand for...
Bitcoin retreats from record high after US Fed cools risk appetite
BITCOIN fell for the first time in four days with speculative bets being pared across financial markets after US Federal Reserve officials suggested greater caution over how quickly they...
Singapore healthcare players narrow focus, expand overseas in medical tourism race
Foreign patients are moving towards cheaper hubs such as Malaysia and Thailand, forcing the city-state’s healthcare providers to focus on complex proceduresSINGAPORE’S position as the go-to medical hub in...
Oatly to shut S$30 million plant jointly invested with Yeo Hiap Seng
SWEDISH drink manufacturer Oatly will be shutting its Singapore plant – jointly invested with local food and beverage company Yeo Hiap Seng for S$30 million – after just three...
China firms seeking second listings seen boosting Hong Kong deal volume
HONG Kong’s dealmakers are betting on mainland-traded Chinese companies’ second listings to boost share-sale volumes next year, building on a pickup in recent months.
Such listings could help lift Hong...
China central bank urges financial institutions to guard against rate risks in bond market
CHINA’S central bank on Wednesday (Dec 18) urged financial institutions to guard against interest rate risks when trading in bonds, signalling discomfort among policymakers over recent frenzied buying that...
Chipmaker Kioxia surges 12% in Tokyo debut after jumbo IPO
MEMORY-chip maker Kioxia Holdings soared 12 per cent in its debut on the Tokyo Stock Exchange on Wednesday (Dec 18), underscoring strong investor demand for new shares in Japan....
ST Engineering wins S$180 million in contracts for Bangkok rail project
THE urban solutions business of ST Engineering has bagged about S$180 million worth of contracts for the new 35.9-km mass rapid transit (MRT) Orange Line in Bangkok, Thailand.On Wednesday...
Boeing says it has resumed 767, 777 wide-body production
BOEING said late on Tuesday it has resumed production of all airplane programmes that had been halted by a machinists’ strike in the Pacific North-west.The planemaker confirmed last week...
