Business
US hedge fund Verdad plans to launch new Japan small-cap fund
A gauge of smaller stocks has outperformed the broader Topix this year with a gain of 19%, compared to 14% for the index Boston-based…
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Business
Business
Zijin Gold delays US$3.2 billion IPO as typhoon pummels Hong Kong
Zijin Gold International delayed its US$3.2 billion listing after Super Typhoon Ragasa slammed Hong Kong, bringing the city to a…
Business
Cathie Wood buys Alibaba after four years in China comeback
Cathie Wood’s funds reopened positions in Alibaba Group Holding for the first time in four years, just as the stock rallied to a multiyear…
Business
In just one year, Google turns AI setbacks into dominance
CAUGHT off guard by ChatGPT and mocked for early blunders with its own generative artificial intelligence efforts, Google has pulled off a…
Business
China’s new market tool steers clean energy to where it’s needed
Wind developers will also get about 40% more for their electricity than their solar rivals Two of China’s industrial powerhouses are…
Business
Claudia Cardinale: Italian actress and star of The Pink Panther dies aged 87
Harry Sekulich and Clizia Sala Claudia Cardinale, the Tunisian-born Italian star of The Leopard, 8 1/2 and Pink Panther, has died at the…
Business
Gold steady near record high as markets assess Powell’s comment
The US weekly initial jobless claims report is due on Thursday, followed by the Personal Consumption Expenditures index, the Fed’s…
Business
New Zealand appoints Anna Breman as central bank governor
New Zealand Finance Minister Nicola Willis on Wednesday announced that Anna Breman has been appointed as the country’s new central bank…
Business
Food Empire raises S$42.8 million from placement of 17 million treasury shares
The placement is expected to broaden the company’s investor base and position it for future growth opportunities Food Empire raised around…
Business
Leeds NHS trust forced to repay £5m over maternity failings
An NHS trust at the centre of concerns over its poor maternity services has had to repay almost £5m after wrongly claiming it provided…
Business
Stocks to watch: Seatrium, Food Empire, Frasers Property, Frasers Centrepoint Trust
The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 24): Seatrium: The offshore,…
Business
Stocks to watch: Seatrium, Food Empire, Frasers Property, Frasers Centrepoint Trust, Keppel
The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 24): Seatrium: The offshore,…
Business
Seatrium divests AmFELS shipyard in Texas for S$65 million
The group will transition its strategic presence in the US post-sale to focus on engineering innovation and technology capabilities…
Business
KKR, Blackstone make US$17 billion natural gas bet after AI boost
Private credit lenders have been increasingly focused on investment-grade companies and large public firms for financing opportunities as…
Business
Lulu comes clean: I'm an alcoholic. I kept it from a lot of people
Mark SavageMusic Correspondent "My name is Lulu. I am an alcoholic." It's a startling way to open an interview, even if you know it's…
Business
Fed’s Powell strikes middle path on inflation, jobs, as others take sides
US Federal Reserve Chair Jerome Powell said on Tuesday the central bank needed to continue balancing the competing risks of high inflation…
Business
Gaza City medics overwhelmed by casualties from Israeli strikes
Watch: Australian doctors describe 'horrific' conditions in Gaza's last remaining hospital Doctors at one of Gaza City's last functioning…
Business
Former BFC Chair Stephanie Phair Named L Catterton Senior Adviser
LONDON — Stephanie Phair, best known to the fashion industry for her role as the chair of the British Fashion Council between 2018 and…
Business
Reem Acra, Ban Ki-moon, Muhammad Yunus and Kosovo’s President Vjosa Osmani Honored at F4D First Ladies Luncheon
Kosovo President Vjosa Osmani, the former U.N. Secretary-General Ban Ki-moon, economist Muhammad Yunus, fashion designer Reem Acra and…
Business
Former Row President Trish Donnelly Named CEO of Chico’s, Sister Brands
Chico’s and its sister brands have a new leader. The womenswear retailer owned by the KnitWell Group has named Trish Donnelly division…
Business
Nvidia to invest $100 billion in OpenAI to build data centers
Nvidia plans to invest $100 billion in OpenAI, giving the ChatGPT maker a huge war chest to build data centers with the chip maker’s…
Business
Gen Z is deep in ‘financial nihilism’: Why young people are betting big on stocks and crypto
It’s no secret that Gen Z has a less optimistic economic outlook, and a different take on investing, than older generations. So, it’s no…
Business
AI tools aren’t making much of a difference for companies
These days, investors, founders, analysts, and tech loyalists can’t stop talking up how artificial intelligence will radically remake the…