Fashion
Blockchain billionaire emerges from Figure’s post-IPO surge
[NEW YORK] It took him a few tries, but Mike Cagney is now a billionaire.Shares of blockchain-based lender Figure Technology Solutions have soared almost 40 per cent since Thursday’s...
India tweaks IPO rules to allow easier listing for big firms
[MUMBAI] India’s securities market regulator on Friday (Sep 12) made it easier for very large private companies to go public in one of the world’s top destinations for first-time...
OpenAI to share 8% of its revenue with Microsoft, partners, The Information reports
[BENGALURU] OpenAI has projected that by the end of the decade it will be sharing about 8 per cent of its revenue with commercial partners, namely Microsoft, down from...
US penalises two Chinese companies that acquired tools for chipmaker SMIC
[NEW YORK] The US on Friday (Sep 12) penalised two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker Semiconductor Manufacturing International Corporation (SMIC), including them among...
Oil gains weighed down by US demand worries
[HOUSTON] Oil prices rose on Friday (Sep 12) after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains were capped by concerns about...
US: Nasdaq notches record high close, traders look to Fed meeting
[BENGALURU] The Nasdaq notched a record high close on Friday (Sep 12) in a mixed trading session, lifted by Microsoft as investors looked ahead to the Federal Reserve’s policy...
Gunvor hires Singapore specialists as it expands precious metals business into physical trading
[LONDON] Global commodity trading house Gunvor is expanding its precious metals business from trading derivatives into physical metal and has hired specialists in the London and Singapore trading hubs,...
UK announces £400m Google Cloud info contract
[LONDON] The UK government has agreed a £400 million (S$695.6 million) contract with Google Cloud, days before President Donald Trump’s visit, saying on Friday (Sep 12) it will allow...
California’s Punjabi truckers say they’re being harassed after deadly Florida wreck
For 15 years, Sumit Singh has hauled freight to and from Los Angeles ports and across the country. For the first time, though, the Punjabi Sikh truck driver is...
Singapore’s Carro eyes M&A, Australia foray ahead of potential dual listing
It will also be the first major automotive tech and commerce startup from Singapore to go public in the US[SINGAPORE] Carro, South-east Asia’s largest used-car online marketplace, is weighing...
