Culture
South Korea eases equity rules for banks to spur high-tech investment
[ad_1] In a move to broaden financing channels for smaller companies, Seoul will introduce security token offerings[SEOUL] South Korea rolled out measures aimed at redirecting bank funds from property lending...
China EV maker Nio surges 4% following equity offering completion of more than US$1 billion
[ad_1] [SINGAPORE] Shares of Chinese electric-vehicle (EV) maker Nio rose by 4.2 per cent on Friday (Sep 19) on the Singapore Exchange (SGX), after the company announced the completion of...
Hongkong Land shares soar 12% to six-year high on S$738.7 million MCL Land divestment
[ad_1] It is selling its Singapore and Malaysia residential property arm to Malaysian conglomerate Sunway Group as it exits the residential build-to-sell sector[SINGAPORE] Shares of Hongkong Land surged to a...
AEM soars 17.8% on the back of Nvidia’s US$5 billion Intel investment
[ad_1] [SINGAPORE] Shares of AEM jumped as much as 19.1 per cent on Friday (Sep 19) following overnight news of Nvidia’s US$5 billion investment in chipmaker Intel, eventually closing 17.8...
LTA, SMRT, SBS Transit establish task force to address MRT service disruptions
[ad_1] [SINGAPORE] The Land Transport Authority (LTA), SMRT and SBS Transit (SBST) on Friday (Sep 19) jointly announced the establishment of a Rail Reliability Taskforce to address a recent spate...
TSMC’s rise to push Taiwan past South Korea in key wealth gauge
[ad_1] The rapid appreciation of the Taiwanese currency this year is another factor that helps explain why the island’s GDP per capita has caught up so fast [TAIPEI] Taiwan is...
SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say
[ad_1] The cuts mark the third round of layoffs at the Japanese investment conglomerate’s flagship fund since 2022[SAN FRANCISCO] SoftBank Group will lay off nearly 20 per cent of its...
Stocks to watch: ComfortDelGro, Hongkong Land, Boustead Singapore, Rex International
[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Sep 19): ComfortDelGro : The transport giant announced on Thursday that commuters heading...
Nvidia spent over US$900 million to hire Enfabrica CEO, license technology, CNBC reports
[ad_1] NVIDIA has spent over US$900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup and to license the company’s technology, CNBC reported...
Trump says to speak to Xi about TikTok
[ad_1] US PRESIDENT Donald Trump confirmed he would speak to Chinese counterpart Xi Jinping on Friday about a deal to change ownership of the hugely popular video-sharing app TikTok.Trump has...
