Wall Street opens subdued after tech-led drop halts rally
Wall Street’s main indexes opened muted on Tuesday (Dec 30), a day after logging their steepest one-day decline in nearly two weeks as technology stocks came under renewed selling…
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Cambridge Artificial Intelligence and Incredible Holdings have entered a non-binding MOU to explore the transaction
Cambridge Artificial Intelligence and Incredible Holdings have entered a non-binding MOU to explore the transaction Electronics and consumer goods company Incredible Holdings could be the…
Co-living provider The Assembly Place files preliminary prospectus for Catalist IPO
Proceeds will be used to grow the company’s portfolio, including its expected expansion into Malaysia Co-living operator The Assembly Place on Monday (Dec 30) lodged a preliminary…
Southern California has an unlikely AI mecca: the very industrial Vernon
Five miles south of downtown Los Angeles, a single industrial block in Vernon is drawing as much electricity as a small town. Inside a three-story, 242,000-square-foot building known as…
AI memory demand propels Kioxia to world’s best-performing stock
Artificial intelligence’s insatiable appetite for data storage has delivered Japanese memory chipmaker Kioxia Holdings world-beating stock gains this year, a sign that the AI boom is alive…
From Eggslut to 1880: Despite 2025's closures, Singapore's retail and entertainment sectors are not shrinking, say observers
Exits by notable brands from Cathay Cineplexes to Eggslut likely signal market recalibration rather than a contraction, they say Singapore’s retail and entertainment landscape faced…
US approves Samsung, SK Hynix chipmaking tool shipments to China for 2026: sources
Trump’s administration has been re-examining export controls that it thought were too relaxed under the Biden administration The US government has granted an annual licence to Samsung…
PBOC’s leanest year for easing since 2021 defies Wall Street
Cutting interest rates by a little might prove ineffective in a scenario where households and businesses are reluctant to take on debt CHINA has kept its central bank on the sidelines of…
Six China IPOs debut in Hong Kong after raising HK$7 billion to cap banner year
With more than 300 companies filing to list, the momentum is set to carry into 2026 [SINGAPORE/HONG KONG] Six Chinese companies made their Hong Kong trading debuts on Tuesday (Dec 30)…
Chinese firms make strong Hong Kong debuts, capping bumper listings year
With more than 300 companies filing for IPOs, the momentum is set to carry into 2026 [SINGAPORE/HONG KONG] Several Chinese companies that raised about HK$7 billion (S$1.2 billion) combined…
LTA awards Obayashi Corp S$281m contract to design and build new Brickland MRT station
The new Brickland station, between Chao Chu Kang and Bukit Gombak stations on the North South line, is targeted to commence passenger service in 2034 The Land Transport Authority (LTA) has…
Trump says he still might fire Jerome Powell as Fed chair pick looms
US President Donald Trump teased that he has a preferred candidate to be the next chair of the US Federal Reserve, but is in no hurry to make an announcement, while also musing that he…
Chinese stocks on track for best year since 2017 as rally widens
Beijing’s campaign to reduce industrial excesses further supported domestic prices Chinese stocks look set for their strongest showing since 2017, after a technology-driven bull run…
China’s reawakening puts Asia M&A on confident course for 2026
The country-focused PE firms have also been hunting overseas. The buoyant mood around deals is reverberating through Asia, with major markets such as China picking up the pace after a…
Meta acquires Singapore-based startup Manus to bolster AI business
Meta Platforms has agreed to acquire Singapore-based artificial intelligence (AI) startup Manus, which makes an AI agent that it sells to small and medium-sized businesses. The deal is…
Meta to acquire Singapore-based startup Manus, adding agents to bolster AI bet
AI agents are tools that do not need human supervision to perform specific digital tasks Meta Platforms has agreed to acquire Singapore-based startup Manus, adding a popular artificial…
Citigroup to take US$1.1 billion loss on Russian business unit sale
Other lenders have also scaled back, with Goldman Sachs gaining approval earlier this year to sell its business in Russia Citigroup said that it expects to post a roughly US$1.1 billion…
Being a good asset manager is like conducting an orchestra: HSBC’s Lim Pang Qi
As HSBC Asset Management’s CEO for South-east Asia and Singapore, he ensures the bank’s teams gel and tracks changes in clients’ needs AS THE chief executive for South-east Asia and…
Citi’s new Singapore chief Lee Lung-Nien on legacy and leading at home
Markets, anti-money laundering, private banking, corporate sales, operations – there is little that Lee Lung-Nien has not done in his 35-year career at Citi. The 61-year-old has also taken…
Oil settles up over 2% on dented peace hopes in Ukraine, tensions in Yemen
Strong Chinese waterborne crude imports are also helping tighten oil markets, said UBS analyst Giovanni Staunovo Oil prices settled more than US$1 a barrel higher on Monday (Dec 29) as…
Trump Casually Confirms that US Launched Its First Land Strike on Plant in Venezuela on Christmas Eve
President Donald Trump appeared to casually confirm what may have been the first U.S. land strike in Venezuela during an extensive radio interview last week — a remark that largely flew…
Anthony Joshua: Cause of Car Crash in 'One of Nigeria's Deadliest Roads' that Left Star Boxer Injured but Killed Two Revealed
The horror crash that left boxing star Anthony Joshua hospitalized with minor injuries, and that killed two people on Monday morning occurred when the car he was traveling in lost control…
Ukraine Attacked Putin's Home with More Than 90 Drones, Russia Claims as Zelensky Calls It 'Complete Fabrication'
Russia claimed on Monday that Ukraine launched an overnight drone attack targeting an official residence of President Vladimir Putin in the Novgorod region with 91 long-range drones and…
SoftBank to buy DigitalBridge in US$4 billion deal to bolster AI infrastructure push
The investment firm funds digital infrastructure sectors such as data centres, cell towers, fibre networks and others SoftBank will acquire digital infrastructure investor DigitalBridge in…