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The deal will cut the Dutch bank’s CET1 capital ratio by about 70 basis points at closing ABN Amro Bank said it will acquire NIBC Bank from Blackstone for about 960 million euros (S$1.45…
Singapore’s compact size makes it easier to roll out training and raise AI literacy across the population, he adds Singapore’s “first priority” is for companies both large and small, as…
Tech company’s prioritisation of growth and building of competitive moats could ‘slow near-term monetisation gains’, says Maybank Research Maybank Research slashed its target price for…
FEDERAL Reserve Governor Michael Barr said although artificial intelligence will transform economies, there are a range of outcomes as to how that will play out. Barr, in remarks prepared…
GOLD rose for a fourth straight session on Wednesday, supported by a weaker dollar and expectations that the reopening of the US government and flow of economic data will strengthen bets…
BITCOIN is struggling to stage a meaningful recovery after last month’s stumble, with signs of fatigue continuing to mount across crypto markets. The token briefly topped US$107,000 on…
The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 12): Singtel: On Wednesday, Singtel posted a 176.4 per cent increase in net…
CENTURIUM Capital, the private equity backer of fast-growing Chinese chain Luckin Coffee, is considering a bid for UK cafe operator Costa Coffee, people with knowledge of the matter said.…
The manager of Daiwa House Logistics Trust (DHLT) on Wednesday (Nov 12) posted a distributable income of S$23.4 million forthe nine months ended September, a 8.4 per cent drop from S$25.5…
ALPHABET’S Google is adding new artificial intelligence features to its Pixel devices, including iPhone-like message summaries and notification prioritisation. The new features, rolling…
GOOGLE unveiled its biggest-ever investment in Germany on Tuesday, pledging 5.5 billion euros (S$8.3 billion) for a new data centre and other projects, as Europe seeks to catch up in the…
EUROPEAN shares closed at a record high on Tuesday, led by healthcare stocks, as investors anticipated an end to the US government shutdown and assessed mixed forecasts from telecom…
THE Dow Jones Industrial Average surged to a record high close on Tuesday, lifted by progress toward ending the longest US government shutdown, while Nvidia and other artificial…
The Japanese tech investor needs the proceeds for initiatives including the US$500 billion Stargate project to expand US data-centre capacity SoftBank Group’s US$5.8 billion sale of its…
The S&P 500 and the Nasdaq opened lower on Tuesday (Nov 11) with concerns around elevated technology valuations resurfacing, while markets monitored progress towards the end of the longest…
The postal service provider says the properties are ‘non-core’ to its principal business Singapore Post (SingPost) on Tuesday (Nov 11) announced that it will divest 14 HDB units across the…
It will keep liquidity ample, keep prices reasonable, and lower the costs of banks’ liability and social financing China’s central bank said on Tuesday (Nov 11) that it would maintain an…
This comes as it focuses on Western European markets with ‘deeper liquidity and stronger tenant demand’ Stoneweg Europe Stapled Trust (Sert) has divested its entire Slovakia investment in…
Elliott said the proposed deal undervalued the company, lacked transparency and fell short of proper governance practices Toyota Motor’s planned buyout of group firm Toyota Industries is…
Aster is betting on ‘strategic resilience’ as it invests through the oil and gas down cycle Energy and chemicals player Aster has set aside US$2 billion in investments for the Singapore…
Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income Market outlook for UOB has turned cautious compared with DBS and OCBC, amid greater…
China’s push into deep technology and artificial intelligence is creating pockets of growth despite an uneven recovery in its property sector and subdued consumer sentiment, DBS Group…
The jobless rate climbed to 5 per cent in the three months through September, up from 4.8 per cent the month before UK unemployment rose more than expected, further evidence of a cooling…
The new joint venture, Burger King China, will receive US$350 million in investment CPE US fast-food chain Burger King will rapidly expand its China operations in coming years, its parent…
