Elliott takes over US$1 billion stake in Lululemon: source
Activist investor Elliott Management has amassed a stake of more than US$1 billion in Lululemon Athletica and is lining up a potential CEO candidate as it pushes to revive the struggling…
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Culture
StanChart, Ant International launch blockchain-based tokenised deposits in SGD, USD
The new solution demonstrates how businesses can use blockchain technology to make transactions faster, more secure, and more efficient Standard Chartered (StanChart) on Thursday (Dec 18)…
Thai central bank proposes controls on gold trade, ready to cut rates further
The Thai central bank is calling on the finance ministry to control gold trading after a surge in transactions helped drive up the value of the baht, its governor Vital Ratanakorn said on…
Gold steady ahead of key US inflation data; silver near record highs
GOLD prices were steady on Thursday, supported by dovish Federal Reserve signals but restrained by a resilient dollar ahead of key US inflation data this week, while silver hovered near…
Apac real assets show strength in 2025; NTT DC Reit anchors conviction by investors in data centres: report
Despite ongoing geopolitical and trade uncertainty weighing on business sentiment, conditions have improved for real estate in Apac in 2025 Real assets were ranked as one of global…
BP appoints Woodside’s Meg O’Neill as CEO after Auchincloss’ abrupt exit
Oil and gas major BP has tapped Woodside Energy’s Meg O’Neill as its next CEO, its first external hire for the post in over a century and the first woman to lead a top-five oil major as…
Why China isn’t rushing to buy Nvidia’s H200 AI chip
The US is offering China Nvidia’s second-fastest AI chip, the H200, but Beijing is holding back. Behind the hesitation lies a high-stakes struggle over technology, control, and the future…
PDD, owner of Temu, fires dozens of workers after fistfight with China officials
PDD Holdings fired a government relations team in Shanghai following a fistfight between employees and Chinese regulators who were performing checks at the e-commerce company, according to…
Judge orders Trump to stop reductions in force, rehire fired workers
A federal judge ordered the administration to quit moving ahead with reductions in force, saying Wednesday that the law President Trump signed to reopen the government last month forbids…
'We just needed a new president': Trump declares America is on brink of economic boom
President Trump kicked off the 2026 campaign with a rapid-fire recitation of his accomplishments this year, declaring that America is now poised for an "economic boom" in 2026 once his…
Trump sends 'Warrior dividend' checks to service members
President Trump said military service members are receiving a patriotic chunk of change this holiday season thanks to revenue from his tariffs. Source link
Chip shortage lingers as Honda to halt output in Japan, China
HONDA Motor will halt production at plants in Japan and China in coming weeks, highlighting the lingering fallout of the global chip shortage. The Japanese carmaker will suspend output in…
House passes bill to criminalize gender-affirming care for minors
The House passed a bill Wednesday that would criminalize gender-affirming care for minors, imposing penalties of up to 10 years in prisons for parents and doctors who authorize or provide…
Coinbase announces entry into prediction markets, stocks
COINBASE Global has announced its entry into prediction markets and equities trading. The biggest crypto exchange in the US said on Wednesday it’s starting to roll out both services, which…
Stoneweg Europe Stapled Trust refinances, extends 85 million euro facility agreement
The managers of Stoneweg Europe Stapled Trust (Sert) on Thursday (Dec 18) announced that it has refinanced and extended an 85 million euro (S$128.9 million) unsecured facility. As part of…
Review of Optus emergency calls outage finds process, accountability gaps in Singtel unit
The report finds that ‘challenges in Optus’ culture’ affected decision-making and response times An independent review into Optus’ major September outage has uncovered gaps in process,…
House GOP passes 'first step' health care bill, considers broader package in 2026
House Republicans passed a health care bill on Wednesday that could serve as a catalyst for a broader measure next year to expand choices beyond Obamacare and lower costs for all…
China sues after Missouri seeks to collect on $25 billion court judgement, prosecutor says
Missouri's top prosecutor said China is suing after the state pressed federal officials for help collecting on a roughly $25 billion court judgment related to the COVID-19 pandemic. Source…
Pop Mart’s 40% stock rout shows growing worry over Labubu crash
Concerns remain whether Labubu is a durable long-term character or a fashion trend LABUBU mania appears to be ebbing as quickly as it surged, driving a roughly 40 per cent rout for former…
FBI Deputy Director Dan Bongino announces he'll leave post in January
FBI Deputy Director Dan Bongino announced Wednesday he will be departing the FBI next month, after weeks of speculation about his future in the post. Source link
From yen rushes to tariff tantrums: How geopolitical drama drove Singapore’s 2025 FX frenzy
YouTrip’s 2025 conversion volumes jump over 70%; its peers also report surge in business As foreign exchange rates vacillated in 2025 amid geopolitical volatility and shifting trade…
Japanese yen, ringgit, US, Australian dollar driving Singapore's currency buying frenzy
YouTrip’s 2025 conversion volumes jump over 70%; its peers also report surge in business As foreign exchange rates vacillated in 2025 amid geopolitical volatility and shifting trade…
Binance weighs US strategy as billionaire Zhao regains clout
Binance has positioned Yi He’s promotion, who is Zhao’s partner, as a sign of stability CHANGPENG Zhao has unfinished business. The billionaire co-founder of Binance has stepped back into…
Try to Make Any Sense of What Trump Is Saying About Venezuelan Oil
Newhouse was also one of 35 Republicans who voted to establish the January 6 commission to investigate the Capitol insurrection, so it’s telling that after surviving two elections after…