Genting’s New York casino licence buffers risks in Malaysia
The licence comes as the company’s Malaysia casino faces constraints amid local political headwinds Genting Group won a coveted New York City casino licence that will allow the Malaysian…
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Ad giant Omnicom to cut over 4,000 jobs, fold legacy brands after IPG takeover
After the job cuts, roughly 85% of the roles will be client-focused, while 15% will be administrative, the company says Omnicom said on Monday (Dec 1) that it will lay off more than 4,000…
Gold edges lower as investors book profits
US rate futures are pricing in an 88% chance of a rate cut in December, according to the CME’s FedWatch tool Gold edged lower in early Asian trading on Tuesday (Dec 2) after it touched a…
US moves to deepen minerals supply chain in AI race with China
The Asian nation is home to more than 90% of global rare earths and permanent magnets refining capacity The US will seek agreements with eight allied nations as part of a fresh effort to…
Singapore’s YouTrip enters Australian market
Singapore-based multi-currency wallet YouTrip has launched operations in Australia, marking the fintech company’s first geographic expansion since the Covid-19 pandemic. Announced on…
Why AI is now embedded ‘in almost everything we do’: OCBC’s Praveen Raina
The bank is investing in talent and expanding research partnerships with universities Artificial intelligence (AI) has become a catalyst for OCBC’s technology overhaul, sharply reducing…
Wall Street ends lower as yields climb; crypto stocks drop
Markets have largely priced in a rate cut from the Fed at the conclusion of its two-day policy meeting on Dec 10 US stocks closed modestly lower on Monday (Dec 1), weighed down by a jump…
JPMorgan doubles Swiss business by targeting wealthy clients
JPMorgan doubled its Swiss domestic private banking business between 2020 and 2024 and aims to do so again by 2030 as it targets the country’s wealthiest people, a senior executive at the…
Nvidia takes US$2 billion stake in Synopsys as AI deal spree accelerates
The deal adds to Nvidia’s slew of new partnerships in the artificial intelligence ecosystem Nvidia has invested US$2 billion in chip design software maker Synopsys as part of an expanded…
Schneider Electric looks to digitalisation, new partners to tackle rapid electrification
Electricity demand’s unprecedented growth is coming from both technology and sectors undergoing electrification through digitalisation. From buildings requiring more air-conditioning amid…
SoftBank’s Son ‘cried’ about Nvidia stake sale to fund AI bets
The company needs to raise capital to fund projects including data centre construction SoftBank Group founder Masayoshi Son said he wouldn’t have sold off Nvidia shares if his company had…
UK lenders approve more mortgages than expected in October, consumer lending cools
British lenders approved more mortgages than expected in October, despite concerns about finance minister Rachel Reeves’ budget, and consumer credit grew at a slower pace than in…
India orders smartphone makers to preload state-owned cyber safety app
Smartphone companies have 90 days to ensure the app is pre-installed on new mobile phones India’s telecoms ministry has privately asked smartphone makers to preload all new devices with a…
Standard Chartered raises China 2026 GDP growth forecast to 4.6%
Standard Chartered revised its forecast for China’s 2026 gross domestic product growth to 4.6 per cent from 4.3 per cent, citing the country’s resilient exports and continued gains in…
Airbus says most of its recalled 6,000 A320 jets now modified
It is the first time Airbus has had to deal with global safety attention on such a scale since that crisis Airbus fleets were returning towards normal operations on Monday (Dec 1) after…
Bank of Japan to weigh ‘pros and cons’ of rate hike in December, governor Ueda says
The Bank of Japan (BOJ) will consider the “pros and cons” of raising interest rates at its next policy meeting, governor Kazuo Ueda said on Monday (Dec 1), giving the strongest signal yet…
Chinese carmakers retreat from record share of European sales
Chinese carmakers lost ground in Europe in October, slipping back from the record market share they captured a month earlier across the region. In the hybrid categories, where…
Industrial developer Soon Hock likely to benefit from S$1 billion earnings pipleline: UOB KayHian
UOB also expects attractive dividend yields of 5.5 per cent and 10 per cent for 2025, 2026 UOB Kayhian initiated coverage on industrial property developer Soon Hock Enterprise (SHE) with a…
Indonesia’s vow to balance currency, growth may cushion rupiah
BI’s 125 basis points of rate cuts in 2025 have also reduced the attractiveness of the country’s assets Bank Indonesia’s (BI) vow to prioritise currency stability as it tries to boost…
MetaOptics shares soar nearly 14% on proposed share placement
Proceeds are expected to strengthen the group’s financial position and expand its capital base to support a growing pipeline of global orders Shares of semiconductor optics company…
MetaOptics shares close 16.8% higher on proposed share placement
Proceeds are expected to strengthen the group’s financial position and expand its capital base to support a growing pipeline of global orders Shares of semiconductor optics company…
Gold edges lower from near three-week peak on profit-taking
Investors are looking ahead to US manufacturing and private payroll data due later this week Gold edged lower in early Asian trade on Monday (Dec 1) from a near three-week peak, as…
Japanese firms scale back investment as tariff headwinds hit
Monday’s figures will be factored into revisions made to third-quarter GDP data due Dec 8 Japanese businesses trimmed back their capital spending over the summer after five straight…
Low Keng Huat controlling shareholders launch delisting offer at S$0.72 a share
The cash offer price represents a premium of 17.1% over the last transacted price of S$0.615 per share The majority shareholders of Low Keng Huat (Singapore) (LKH) have launched a…