Business
Top Thai wind power firm to fund 65 billion baht of spending with IPO
Thailand’s largest wind power producer plans to spend 65 billion baht (S$2.6 billion) to almost triple its generation capacity over the…
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Business
Business
Meta AI bot used a billion times monthly: Mark Zuckerberg
Meta chief Mark Zuckerberg touted the tech firm’s generative artificial intelligence (Gen AI) assistant on Wednesday, telling shareholders…
Business
NIE, Amazon Web Services set up AI-focused innovation hub for edtech research
The National Institute of Education (NIE) and Amazon Web Services (AWS) on Thursday (May 29) announced the launch of the Technology for…
Business
49ers Receive Criticism From Former Star for Brock Purdy Contract
Throughout the course of the 2025 NFL offseason, the San Francisco 49ers and quarterback Brock Purdy were constantly mentioned in the…
Business
South Korea central bank cuts rate, slashes 2025 growth forecast
South Korea’s central bank cut interest rates on Thursday (May 29) in a bid to cushion the export-dependent economy from US President…
Business
Seatrium posts S$21.3 billion Q1 net orders
Seatrium recorded net order book wins amounting to S$21.3 billion as at end-March, comprising 26 projects with delivery dates till 2031.…
Business
CapitaLand Ascendas Reit raises S$500 million from private placement of 202 million shares at S$2.47 each
Proceeds will help fund S$700 million purchase of Tai Seng data centre, Science Park building CapitaLand Ascendas Real Estate Investment…
Business
Salesforce says AI has reduced hiring of engineers and customer service workers
Tech companies are relying on artificial intelligence to help with everything from customer service to software engineering Salesforce…
Business
Hong Kong, Saudi bourses seek deeper ties to spur trading volume
Hong Kong and Saudi Arabia are ramping up efforts to boost trading activity as inflows to their exchange-traded funds (ETFs) wane and…
Business
Stocks to watch: CapitaLand Ascendas Reit, Seatrium, Sembcorp, mm2 Asia, Singapore Paincare
The following companies saw new developments that may affect trading of their securities on Thursday (May 29). CapitaLand Ascendas Reit…
Business
Chevron to cut nearly 800 jobs in Texas
Chevron will lay off nearly 800 employees in Texas, according to a notice on Wednesday to the Texas Workforce Commission, part of the US…
Business
Chevron to cut 200 jobs in Texas
— Chevron will lay off 200 employees in Texas, according to figures from the Texas Workforce Commission. The layoffs are part of the US oil…
Business
Hong Kong bankers on edge over US$11 billion New World refinancing
Hong Kong bankers have become fixated on an US$11 billion loan deal with unusually high stakes for the financial hub. New World…
Business
China’s Honor developing humanoid robots in US$10 billion AI plan
The company is building its own agentic AI services that will be integrated into its software for smartphones and other devices R Device,…
Business
US firms plan to pass Trump tariff costs to consumers: Federal Reserve minutes
US firms have warned the Federal Reserve that the cost of President Donald Trump’s tariffs will likely be borne by consumers, according to…
Business
Tesla targets June 12 launch of robotaxi service in Austin
Tesla is poised to begin its long-awaited robotaxi service in Austin on Jun 12, according to a source familiar with the matter, a…
Business
US curbs chip design software, chemicals, other shipments to China
The United States has ordered a broad swathe of companies to stop shipping goods to China without a licence and revoked licences already…
Business
Nvidia gives solid forecast, even as China slump mars growth
Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed…
Business
Oil gains on supply concerns, investors await July Opec+ output decision
Oil prices gained more than 1 per cent on Wednesday on supply concerns as Opec+ agreed to leave their output policy unchanged and as the…
Business
Europe: Stocks close lower as caution lingers on US trade policy progress
EUROPE’S main stock index closed lower amid broader declines on Wednesday as investors monitored progress in trade negotiations with the…
Business
HP plunges after cutting profit outlook on tariffs, economy
HP dropped about 15 per cent in extended trading after the company’s profit outlook fell short of estimates and it cut the annual earnings…
Business
US: Stocks retreat as Treasury bond yields climb
Wall Street stocks retreated on Wednesday ahead of earnings from artificial intelligence titan Nvidia, with US Treasury bond yields…
Business
Sam Altman and Jony Ive Will Force A.I. Into Your Life
Last Wednesday, OpenAI announced that it was acquiring a company called io, an artificial-intelligence-forward product-development firm…
Business
FlixTrain buys Talgo high-speed trains for $2.72bn
FlixTrain has arranged to buy Talgo high-speed trains worth €2.4bn ($2.72bn). The agreement includes an initial firm order for 30 units…