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Chinese chip firms line up for Hong Kong listings in coming weeks
[HONG KONG] At least six Chinese companies related to artificial intelligence are set to go public in Hong Kong in the coming weeks, people familiar with the matter said,...
At a Silicon Valley summit, robots fold laundry—and investors open their wallets
Robots from around the world converged on Silicon Valley to provide a glimpse of a potential future.Two robots picked up T-shirts with orange-tipped claws, then neatly folded and piled...
Volkswagen budget cuts force battery unit to seek external funds
PowerCo is considering bank loans, external investors and a potential public offering [FRANKFURT] Volkswagen’s battery business is being forced to seek external financing after the German carmaker cut its...
South Korea central bank sees upside inflation risk with a weaker won
[SEOUL] South Korea’s central bank said on Wednesday (Dec 17) that headline inflation in 2026 could exceed earlier forecasts, if the won stays at its current level against the...
Warburg Pincus is said to near acquisition of Asian firm Acclime
The transaction may value the corporate services firm at US$950 million to US$1 billion [HONG KONG] Warburg Pincus is nearing a deal to acquire Asia-focused corporate services firm Acclime,...
Gold could hit US$5,000 an ounce in 2026 if risk hedging persists: market watchers
Returns are expected to moderate for the precious metal in the new year, say analysts[SINGAPORE] Gold has surged more than 60 per cent since the beginning of 2025 –...
Hans Patuwo gets GoTo shareholders’ nod as CEO amid investor push for Grab deal
[JAKARTA] Shareholders of Indonesia’s digital giant GoTo Group have approved the appointment of Hans Patuwo as president director and chief executive officer. The appointment was approved at GoTo’s annual...
Amazon in talks to invest in OpenAI, source says
AMAZON is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over US$500 billion, a source...
S&P Global shifts Genting companies’ outlook to negative on weaker credit quality forecasts
Group capital expenditure could double in 2026, with earnings ‘unlikely’ to keep pace [SINGAPORE] S&P Global Ratings revised its outlook for the Genting group of companies to “negative”, citing...
Japan’s Mizuho to buy majority of India’s Avendus from KKR for up to 81 billion yen
[TOKYO] Japan’s Mizuho Securities on Wednesday (Dec 17) said that it will buy a majority stake in Indian investment bank Avendus from US investment firm KKR for up to...
