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Facebook’s parent company Meta said it’s working on the world’s longest undersea cable as part of the social media giant’s efforts to connect more people to high-speed internet. Called…
TOYOTA Motor has agreed to shift a US$1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors (GM) backed out of the project,…
Social media influencer Ashley St Clair has made shocking claims about her relationship with billionaire entrepreneur Elon Musk. In an exclusive interview, the 26-year-old author described…
PRIVATE cord-blood bank Cordlife expects to post a loss for the 2024 fiscal year due to the financial fallout from lapses discovered in the storage of its cord-blood units two years ago.…
GOLDMAN Sachs Group raised its year-end gold target to US$3,100 an ounce on central-bank buying and inflows into bullion-backed exchange-traded funds, highlighting Wall Street’s enthusiasm…
GOLD shipments from Singapore to the US climbed to the highest level in almost three years in January, a further sign of the ructions in bullion trading after pricing disparities opened up…
ROBINHOOD Markets plans to launch Singapore crypto offerings in 2025 through an entity of European digital-assets exchange Bitstamp, which it recently acquired. The company intends to roll…
SINGAPORE’S largest lender DBS named on Tuesday (Feb 18) its two picks for the group head of its corporate and SME banking unit, as well as its group head of operations. The current…
ROLL the end credits – beleaguered cinema chain Cathay Cineplexes is closing its West Mall outlet on Thursday (Feb 20), the same day its lease at the Bukit Batok shopping complex expires.…
HONG Kong resumed its tech-led rally on a healthy day for Asian markets on Tuesday (Feb 18) as a meeting between President Xi Jinping and China’s top business leaders fanned hopes that a…
CHINESE manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion, two sources familiar with the matter said on Tuesday (Feb 18). The…
HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a global restructuring exercise at the Asia-focused…
AUSTRALIA’S competition watchdog on Tuesday (Feb 18) backed a planned alliance between Virgin Australia and Qatar Airways, saying it would provide air travellers with improved services and…
LG ELECTRONICS has started roadshows to meet potential investors in the initial public offering (IPO) of its Indian unit, sources familiar with the matter said. The South Korean company…
Nissan’s board of directors has also started informal discussions regarding the timing of Uchida’s departure HONDA Motor will resume talks with Nissan Motor to form the world’s…
GOLD prices edged higher on Tuesday (Feb 18) as uncertainty over US President Donald Trump’s tariffs continued to dominate sentiment, reinforcing bullion’s appeal as a safe-haven asset…
VIRGIN Australia overtook Qantas Airways to become Australia’s largest and most reliable airline at the end of last year, sending a warning to the marquee carrier and supporting a…
INDONESIA’S parliament is set to vote on Tuesday (Feb 18) on a bill to revise the country’s mining law to boost the development of domestic mineral processing industries and regulate…
Indonesia is a major coal exporter and has rich deposits of tin, copper and bauxite, among other metals INDONESIA’S parliament on Tuesday (Feb 18) passed a bill to revise the country’s…
FAST-FASHION retailer Shein’s executive chairman Donald Tang told investors in a letter on Monday (Feb 17) that “growth remains strong” despite the United States ending the duty-free…
JAPAN’S corporate bond market is booming, as an economic rebound and plans to get ahead of higher interest rates encourage a flurry of issuance. Japanese companies have sold 14.7 trillion…
ORGANIZATION of the Petroleum Exporting Countries Plus (Opec+) is considering pushing back a series of monthly supply increases due to begin in April despite calls from US President Donald…
SOUTHWEST Airlines will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the first layoffs in the carrier’s history. The pullback will impact 15…
SOUTH Korea on Monday (Feb 17) announced plans to secure 10,000 high-performance graphics processing units (GPUs) within this year in a bid to keep pace as the global artificial…
