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OPPOSITION to Toyota Motor chairman Akio Toyoda has surfaced among some of the Japanese company’s biggest investors, after a series of vehicle safety scandals gave rise to concerns about…
SAN FRANCISCO — Gov. Gavin Newsom on Sunday vetoed SB 1047, an artificial intelligence safety bill that would have established requirements for developers of advanced AI models to create…
CROP trader Olam Group will pay a US$3.3 million fine for delayed reporting of cotton sales to the US Department of Agriculture (USDA) and the Commodity Futures Trading Commission (CFTC),…
Fed’s Sep 18 rate cut has been widely anticipated and local banks have already priced it in for their loan packages MORTGAGE rates in Singapore are likely to fall as the US Federal Reserve…
A PREVIOUSLY gloomy corner of the debt world has become the biggest winning trade in global financial markets, producing returns that few traders have seen in more than a decade. Hybrids,…
Institutions were net sellers of Singapore stocks over the five trading sessions spanning Sep 20 to 26, with S$54 million of net institutional outflow – reducing total net inflows from the…
APPLE has left negotiations to participate in an OpenAI funding round expected to raise about US$6.5 billion, the Wall Street Journal said on Friday (Sep 27). The tech giant recently fell…
THE often-overlooked Canadian high-yield debt market is having a moment, as companies pile in to sell debt and investors look to lock in coupons before central bank monetary policy easing…
THRIVE Capital is investing more than US$1 billion of OpenAI’s current US$6.5 billion fundraising round, and it has a sweetener no other investors are getting: the potential to invest…
BINANCE founder Zhao Changpeng was released from a correctional facility in California on Friday (Sep 27), Bloomberg News reported, citing a spokesperson for the Bureau of Prisons. Former…
COMCAST’S European Sky pay-television unit sued Warner Bros, alleging the film and TV company breached an agreement to share co-production opportunities on projects like a Harry Potter TV…
OPENAI, the San Francisco startup behind ChatGPT, has been telling investors that it is making billions from its chatbot and that it expects to make a lot more in the coming years. But it…
GOLD prices were heading for their best quarter in more than eight years on Friday (Sep 27), having hit a series of record highs in recent sessions as the start of US monetary easing…
THE dollar fell on Friday (Sep 27) after a reading of US inflation signalled price pressures continue to ebb, while the yen strengthened against the greenback after Shigeru Ishiba, seen as…
THE blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap stocks and…
US-LISTED shares of Chinese firms and China-focused funds jumped on Friday (Sep 27) and are set for another day of strong gains, aided by the latest in a line of aggressive stimulus…
THE yen regained strength on Friday (Sep 27), bouncing back from earlier losses, after Japan’s former defence minister Shigeru Ishiba won the leadership contest of the country’s ruling…
AUSTRALIA’S REA Group, owned by Rupert Murdoch controlled-News Corp, bumped up its takeover bid for Rightmove to £6.2 billion (S$10.6 billion) on Friday (Sep 27), after the UK company…
SHARES in Australian casino operator Star Entertainment slumped more than 50 per cent to a record low on Friday (Sep 27), as it resumed trading a day after posting a second straight…
Besides focusing on worker safety, they can also look at quantifying impact of heat on productivity AS RISING temperatures impede the progress of construction projects in Singapore,…
This may be the second country in the Asia-Pacific region where UBS enters an equity partnership with a local player UBS has been in talks to form an Indian wealth management joint venture…
THE Straits Times Index (STI) closed lower on Friday (Sep 27) as regional indices showed mixed results. The STI was down 0.3 per cent or 8.87 points at 3,573.36. Across the broader market,…
Climate change has been viewed almost universally as a burden, a hot potato to be passed from country to country at annual climate change conferences. Although it’s widely known that…
Where Wilshire Boulevard begins in downtown Los Angeles, thousands of miles of undersea fiber-optic cables disappear into an ordinary-looking office tower. One Wilshire is the mother of…
