Beyond Meat pursues new borrowing to shore up liquidity
PLANT-BASED burger maker Beyond Meat is sounding out investors to borrow as much as US$250 million from private credit lenders, its second such attempt in less than 12 months, according to…
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Fashion
Google develops AI co-scientist to aid researchers
GOOGLE has developed an artificial intelligence (AI) tool to act as a virtual collaborator for biomedical scientists, the US blue chip said on Wednesday (Feb 19). The new tool, tested by…
Bank of Japan’s hawkish stance seen boosting demand for US corporate bonds
INTEREST rate hikes from the Bank of Japan (BOJ) should help cut currency protection costs for Japanese investors, spurring their appetite for US investment-grade corporate bonds,…
Microsoft unveils quantum computing chip for future data centres
MICROSOFT announced its first quantum computing chip, a major step in the company’s effort to produce devices that might someday solve problems beyond the reach of modern computers. The…
Reviving SGX is not the endgame – creating a vibrant financial ecosystem is
IT IS somewhat counterintuitive that shares of the Singapore Exchange (SGX) have weakened since the Monetary Authority of Singapore (MAS) review group on Feb 13 announced tax incentives as…
US: Wall St opens slightly lower as markets assess latest tariff threats
WALL Street’s main indexes opened marginally lower on Wednesday (Feb 19) on worries over US President Donald Trump’s latest tariff threats and head of minutes from the Federal Reserve’s…
SingPost to lay off 45 employees ‘in the coming months’
The move is not correlated with previous incidents or whistleblowing reports, it emphasises SINGAPORE Post (SingPost) will lay off 45 employees “in the coming months” in a move to…
Apple to launch new lower-cost iPhone to capture a broader market
APPLE is set to launch its latest budget iPhone model on Wednesday (Feb 19) as it looks to grab a bigger share of the mid-range smartphone market and fend off competition from rivals such…
Ant Group enters China’s growing humanoid robot industry amid rising tech interest
ANT Group, the Alibaba-linked fintech giant, is venturing into the humanoid robot industry, joining a growing list of major Chinese tech companies exploring this emerging field. The…
CSE Global records S$235.3 million in new Q4 orders
SYSTEMS integrator CSE Global has secured S$235.3 million worth of new orders for the fourth quarter ended Dec 31, 2024. In a bourse filing on Wednesday (Feb 19), the company said that the…
Cordlife ID Teo Tong Kooi steps down; new ID appointed
CORDLIFE Group’s independent director Dr Teo Tong Kooi stepped down from his role at the embattled cord-blood bank on Wednesday (Feb 19). He relinquished the role to “focus on other…
United Hampshire US Reit declares 4.2% lower H2 DPU of US$0.0205
UNITED Hampshire US Real Estate Investment Trust’s (Reit) distribution per unit (DPU) for the half year ended Dec 31, 2024, fell to US$0.0205, down 4.2 per cent from US$0.0214 over the…
Singapore’s Foundation Healthcare eyes over US$100 million fundraising: sources
SINGAPORE’S Foundation Healthcare Holdings is looking to conduct a funding round that could raise more than US$100 million and value the private healthcare group at more than S$1 billion,…
UOB proposes special dividend, share buyback programme as it unveils long-awaited capital return plans
The bank’s disciplined approach of pursuing long-term growth with stability has served it well, says CEO UOB’s board has announced a S$3 billion package to distribute surplus capital over…
UOB looks to ‘resilient’ Asean to continue to drive growth as Q4 profit beats estimates
UOB remains confident that Asean economies will be resilient and continue to expand, even as the outlook remains uncertain amid ongoing geopolitical tensions and tariff concerns. While US…
HP to acquire parts of Humane, Ai Pin startup from ex-Apple managers, for US$116 million
HP WILL acquire assets from Humane, the maker of a wearable Ai Pin introduced in late 2023, for US$116 million. The deal will include the majority of Humane’s employees in addition to its…
Budget 2025: Income tax concessions, GST remission for S-Reits extended for 5 years
INCOME tax concessions as well as goods and services tax (GST) remission for Singapore-listed real estate investment trusts (S-Reits) will be extended for five more years, as part of tax…
Vietnam parliament approves US$8 billion rail link to China
VIETNAM’S parliament on Wednesday (Feb 19) approved plans for an US$8 billion rail link from its largest northern port city to the border with China, boosting links between the two…
Cisco and IBM show old-school tech names can be AI winners too
WHILE many of the biggest and most popular technology stocks have stumbled out of the gates in 2025, some of the sector’s legacy names are drawing renewed attention. Companies such as…
Hong Kong expands virtual asset push with new licensing, trading options
HONG Kong is expanding the ways investors can trade virtual assets, its financial regulator said on Wednesday (Feb 19), as the city races to become Asia’s digital assets hub and attract…
FTX refunds: Temasek, BlackRock, SoftBank, Sequoia, Tom Brady, Shaquille O’Neal likely beneficiaries
AFTER more than two years of hand-wringing, creditors of bankrupt crypto exchange FTX are heaving a sigh of relief as the trading platform’s estate starts paying cash back to creditors…
iPhone parts maker Murata eyes supply chain shifts towards India
APPLE iPhone components maker Murata Manufacturing is weighing whether to move some of its production capacity to India, reflecting a global realignment of the supply chain towards the…
Borrowing strain hits NAB’s Q1 profit, shares dive
NATIONAL Australia Bank, the country’s biggest business lender, said on Wednesday that first-quarter profit slipped as competition for customers ate into margins and more borrowers fell…
Singtel’s Q3 profit surges 183.4% to S$1.3 billion on exceptional gains
SINGTEL’S net profit for the third quarter ended Dec 31 climbed 183.4 per cent to S$1.3 billion from S$465 million in the same period the year before. This was mainly attributed to a net…