Disruptions drag on at Berlin airport after cyberattack
Berlin airport is battling to restore its check-in and baggage handling systems after a cyberattack at the weekend, with further delays and cancellations possible on Wednesday (Sep 24),…
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Singapore stocks slip as US Fed chair Powell says equities ‘highly valued’; STI drops 0.3%
In the wider market, gainers edge out losers 285 to 270, after 1.6 billion shares worth S$1.4 billion change hands The Straits Times Index (STI) fell 0.3 per cent or 12.27 points to close…
Japan's Nikkei closes at record as AI rally helps overcome early losses
Japan’s Nikkei share average closed at a record high on Wednesday (Sep 24), fighting back from early losses on optimism buoyed by investments in artificial intelligence. The Nikkei 225…
Asia’s real-time payments surge, but gaps persist: StanChart
A common challenge is reconciling payment data, where mandatory fields needed in one country’s transactions differ from those in another Asia is leading the world in real-time and digital…
Alibaba launches Qwen3-Max AI model with more than one trillion parameters
The company has announced plans to invest 380 billion yuan in artificial intelligence-related infrastructure over the next three years Chinese e-commerce giant Alibaba announced on…
Petronas reaffirms gas supply commitments after Malaysian court win
Shell Malaysia says that Shell MDS respects and will comply with the ruling of the Court of Appeal on the matter Malaysian state energy firm Petronas said on Wednesday (Sep 24) that it…
China’s Comac said to slash delivery targets for its C919 jet
The Chinese aircraft maker is seeing bottlenecks in virtually all key parts of its supply chain, hampering its ability to produce jets at a steady pace, the sources say Comac, China’s…
Asia: Markets waver after Wall Street retreats from record
EQUITIES wavered on Wednesday following a down day on Wall Street, where worries about high valuations were compounded by mixed messaging from the Federal Reserve on its plans for interest…
US hedge fund Verdad plans to launch new Japan small-cap fund
A gauge of smaller stocks has outperformed the broader Topix this year with a gain of 19%, compared to 14% for the index Boston-based hedge fund Verdad Advisers is planning to launch a new…
Zijin Gold delays US$3.2 billion IPO as typhoon pummels Hong Kong
Zijin Gold International delayed its US$3.2 billion listing after Super Typhoon Ragasa slammed Hong Kong, bringing the city to a standstill and disrupting the company’s ability to take…
In just one year, Google turns AI setbacks into dominance
CAUGHT off guard by ChatGPT and mocked for early blunders with its own generative artificial intelligence efforts, Google has pulled off a dramatic turnaround in just one year, becoming a…
China’s new market tool steers clean energy to where it’s needed
Wind developers will also get about 40% more for their electricity than their solar rivals Two of China’s industrial powerhouses are showing how the country’s new market-based electricity…
Gold steady near record high as markets assess Powell’s comment
The US weekly initial jobless claims report is due on Thursday, followed by the Personal Consumption Expenditures index, the Fed’s preferred inflation gauge Gold held steady near a record…
New Zealand appoints Anna Breman as central bank governor
New Zealand Finance Minister Nicola Willis on Wednesday announced that Anna Breman has been appointed as the country’s new central bank governor, making her the first woman in the role.…
Food Empire raises S$42.8 million from placement of 17 million treasury shares
The placement is expected to broaden the company’s investor base and position it for future growth opportunities Food Empire raised around S$42.8 million in gross proceeds through the…
Seatrium divests AmFELS shipyard in Texas for S$65 million
The group will transition its strategic presence in the US post-sale to focus on engineering innovation and technology capabilities Offshore, marine and energy engineering solutions…
Boeing taps Palantir to bring AI to defence, space factories
Artificial intelligence has emerged as a key focus for defence companies amid rising geopolitical tensions Boeing will partner with Palantir Technologies to integrate artificial…
TikTok collected sensitive data on Canadian children, investigation finds
TikTok has agreed to improve its measures to keep children off its website and app after a Canadian investigation found its efforts to block children and protect personal information were…
Nvidia to invest $100 billion in OpenAI to build data centers
Nvidia plans to invest $100 billion in OpenAI, giving the ChatGPT maker a huge war chest to build data centers with the chip maker’s chips. OpenAI will gain access to millions of Nvidia…
Singapore businesses gear up for an uncertain 2026
Local firms are bracing for risks but see opportunities in digitalisation and green growth SINGAPORE companies head into 2026 under the shadow of geopolitical tensions, shifting tariffs…
Revolut to spend US$13 billion on its push for 100 million users
The company aims to become one of the top three financial apps in every market it enters Revolut plans to enter 30 new geographies by the end of the decade, a strategy that will ultimately…
US: Wall Street muted at open with Powell in spotlight for rate outlook
Wall Street’s main indexes were muted at open on Tuesday (Sep 23) as the recent tech-fuelled rally took a breather, while investors awaited Federal Reserve chair Jerome Powell’s remarks on…
Can we stop talking about T-bills now?
Singapore’s equities market is booming. And market watchers believe there is more upside on the horizon. I was slightly aghast when a colleague at The Business Times recently confided that…
Singapore stocks rise on Tuesday; STI gains 0.1% as investors react to growth forecast
Across the broader market, decliners outnumber advancers 306 to 257 after about 1.5 billion shares worth S$1.4 billion change hands Local stocks snapped a five-day losing streak to end…