The 10 top-performing ETFs on SGX in Q3; China funds dominate
Singapore Exchange’s (SGX) third quarter recorded robust results on the exchange-traded fund (ETF) market, according to a report released by SGX on Tuesday (Oct 28). The market hit a…
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Asia: Stocks join Wall Street records as tech bull run quickens
ASIAN stock markets surged on Wednesday morning, matching record gains on Wall Street the previous day as investor confidence in AI tech and coming interest rate cuts in the United States…
Amazon to invest another US$5 billion in South Korea data centres
The spending comes on top of more than US$4 billion of envisioned investment with partner SK Group announced in June Amazon.com is setting aside another US$5 billion for investment in…
Gold rebounds on bargain hunting ahead of Fed verdict
Gold prices edged higher on Wednesday (Oct 29) as bargain hunters stepped in after bullion dropped to a three-week low in the previous session, with investors now awaiting the US Federal…
Wee Hur prices S$175 million fixed rate notes due 2030 at 4.8%
Property developer Wee Hur on Tuesday (Oct 28) launched and priced its inaugural offering of S$175 million worth of fixed rate notes due in 2030 at 4.8 per cent. Pursuant to Wee Hur’s…
CapitaLand Ascott Trust Q3 gross profit rises 1%
It is 2% lower on a same-store basis after excluding acquisitions and divestments CapitaLand Ascott Trust’s (Clas) gross profit rose 1 per cent year on year for the third fiscal quarter…
Uber partners with Nvidia to deploy 100,000 robotaxis
UBER and Nvidia on Tuesday announced an alliance to deploy 100,000 robotaxis starting in 2027. “Together with Uber, we’re creating a framework for the entire industry to deploy autonomous…
News Analysis: Trade deal or trade truce? Questions remain as Trump meets with China's Xi
WASHINGTON — President Trump faces the most important international meeting of his second term so far on Thursday: face-to-face negotiations with Xi Jinping, who has made China a…
Nvidia to invest US$1 billion in Nokia in AI networking push
Nvidia Corp. plans to make a US$1 billion equity investment in Nokia Oyj, an apparent vindication of the Finnish company’s pivot from mobile networking kit into artificial intelligence by…
Temasek-backed consortium to take China’s ANE private at HK$14.33 billion valuation
[SINGAPORE/HONG KONG] ANE (Cayman) said on Tuesday (Oct 28) a consortium comprising its largest shareholder, Singapore’s Temasek Holdings, Centurium Capital, and True Light have offered to…
Uber to plan investments in Hong Kong listings of Pony AI, WeRide
UBER Technologies is planning to invest in the Hong Kong listings of Pony AI and WeRide, according to people familiar with the matter, deepening the ride-hailing giant’s ties with the…
PayPal raises earnings guidance after announcing OpenAI deal
PayPal Holdings raised its full-year earnings guidance and announced a tie-up with OpenAI to embed its digital wallet into ChatGPT, sending its shares soaring in early New York trading.…
Zohran Mamdani Branded Liar Over False Claim His Hijab-Wearing Aunt Feared for Her Safety Post 9/11
The woman New York lawmaker Zohran Mamdani referred to as his "aunt," who he said was too scared to wear her hijab on the subway after 9/11, is in fact his father's cousin. The socialist…
Bank of China delivers 5% gain in profit as margin stabilises
Bank of China reported a 5 per cent increase in third-quarter profit, as the lender managed to stabilise its net interest margin despite mounting challenges from weakening credit demand.…
Musk launches Grokipedia, accusing Wikipedia of ideological bias
Elon Musk’s company xAI launched Grokipedia on Monday (Oct 27) to compete with online encyclopedia Wikipedia, which he has accused of ideological bias. The site dubbed version 0.1 had more…
New AI lab focused on energy efficiency launched by Univers with Microsoft, AMD, NUS as partners
The resource and carbon management solution provider will bring in its AI and IoT solutions, and oversee the strategy, operations and delivery of all projects A new artificial intelligence…
Intel CEO Tan Lip-Bu pledges to ‘refocus’ chip giant on AI, foundry
Intel chief executive officer Tan Lip-Bu said he is working to “refocus” the beleaguered chip company on engineering after its struggles with complacency and mismanagement. The executive,…
France, Singapore to deepen tech partnership as ‘third way’: French ambassador
Amid rising tensions between US and China, other countries need to work together to prevent over-reliance, says ambassador Stephen Marchisio Singapore and France will deepen their…
First Sponsor posts 1.3% rise in Europe portfolio Q3 operating income, lacklustre China property development sales
China property development projects’ pre-sales and sales show ‘no meaningful improvement’ as weak market sentiment persists Property developer First Sponsor said that its European…
Only 18% of investors rate SGX listcos’ disclosures as ‘very transparent’ despite quarterly engagements: study
Research by Stewardship Asia Centre also highlights a disconnect between investors and corporates on key priorities Transparency has emerged as a key concern among investors of companies…
Hong Kong runway resumes operations after fatal plane crash
The Hong Kong airport runway involved in a deadly plane crash has restarted operations, authorities said on Tuesday (Oct 28), just over a week after two men were killed in the city’s…
Singapore's Lighthouse Canton to invest over US$1.5b in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on private credit and real estate, senior executives told…
Citigroup to tie up with Coinbase to boost digital payments for institutional clients
Citigroup and cryptocurrency exchange Coinbase plan to collaborate on digital asset payment solutions for the US bank’s institutional clients, to expand the offering to global clients in…
Kentucky Teacher Convicted of Having Sexual Contact with Her Teenage Student, Acquitted of Plotting Husband's Murder
The trial of a Kentucky woman accused of sexually abusing a student at a juvenile detention facility and then soliciting the teenager to kill her husband has come to an end in September.…