Culture
Hedge funds slash bullish oil bets to lowest ever amid Opec hike
[NEW YORK] Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production compounded already-gloomy forecasts that...
Busiest IPO week since 2021 mints US$4 billion for 6 newcomers
[NEW YORK] The initial public offering (IPO) market kicked into high gear this week, with sextet of deals raising more than US$4 billion in the busiest period since 2021. While...
Emerging market investor inflows are a 2026 story, BOA says
[HONG KONG] Emerging markets are likely to receive heavier inflows early next year as more evidence on the resilience of these economies fuels a further shift from US assets,...
Drugmakers fall on report US to claim Covid shot killed kids
[WASHINGTON] Vaccine makers’ shares fell after a report that US President Donald Trump health officials plan to link Covid shots to the deaths of around two dozen children in...
Europe: Stoxx 600 slips as French rating review looms; still ends week higher
[GDANSK] European shares ended the week on a strong note, but were a little lower on Friday (Sep 12) as investors turned cautious ahead of Fitch’s credit rating decision...
OpenAI wants to create a public benefit corporation. What does that mean?
The company has faced pushback, including from early backer Elon Musk, on the moveAFTER months of back-and-forth with regulators and stakeholders, OpenAI said it is getting closer to converting...
PC Partner proposes delisting from Hong Kong to strengthen operations, lower costs
This will leave the company with just its primary listing on the Singapore Exchange[SINGAPORE] Electronic company PC Partner Group has proposed a voluntary delisting from the mainboard of the...
US: Wall St opens muted after record highs, on track for weekly gains
[NEW YORK] Wall Street indexes opened subdued on Friday (Sep 12) after notching record highs in the previous session, though they remained on track to log gains in a...
Seatrium loses appeal to block US$126.6 million rig contract payment
The group will continue with arbitration to resolve dispute and seek recovery of payment[SINGAPORE] Seatrium on Friday (Sep 12) said its appeal in the Singapore court to block a...
CEO egos must be kept in check to prevent them from becoming ‘emperors’: Ho Ching
Ho has been conferred SID’s honorary fellowship during its conference on Friday[SINGAPORE] The top business leaders typically display a self-confidence that is necessary to drive the company forward. But...
