Business
Barclays sees heightened competition in India from Japan banks
A RENEWED push by Japan’s biggest banks and other global lenders in India is driving down loan prices with the new players having more…
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Business
Business
Shareholders of Australian apparel retailers Myer, Premier approve merger
SHAREHOLDERS of Australian apparel retail firms Myer and Premier Investments approved on Thursday the merger of the latter’s apparel…
Business
JPMorgan, Goldman CEOs resist calls to roll back DEI programmes
JPMORGAN Chase and Goldman Sachs are pushing back on demands to roll back their diversity initiatives. In television appearances on…
Business
Ley Choon surges 15% as investors positive on construction upturn
SHARES of construction and engineering company Ley Choon jumped on Thursday (Jan 23) morning, after The Business Times reported that the…
Business
Ascott bags 16 new signings under Oakwood portfolio to tap growing ‘bleisure’ market
ASCOTT, the wholly owned lodging business unit of CapitaLand Investment, has secured 16 new signings under the Oakwood brand in 2024, up…
Business
SK Hynix posts record quarterly profit surpassing Samsung on AI boom
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as…
Business
KKR combines US$157 billion infrastructure, real estate businesses
KKR is moving its infrastructure and real estate assets under the same leadership as it looks to capitalise on converging opportunities…
Business
Colombian president visits southern Haiti as country battles surge in gang violence
PORT-AU-PRINCE, Haiti (AP) — Colombian President Gustavo Petro visited Haiti on Wednesday as part of a whirlwind trip to strengthen ties…
Business
DBS, OCBC, UOB to gain from higher AUM, fees amid booming family office scene
Upcoming Singapore Budget may give further tax incentives for philanthropy, sustainability SINGAPORE’S strong family office sector will…
Business
OpenAI, Oracle and Softbank team up on multibillion-dollar AI project
President Trump on Tuesday announced that OpenAI, Oracle and Softbank are partnering on a venture to direct more than $100 billion toward…
Business
Spain's Sabadell bank to move HQ back to Catalonia
Sabadell was one of some 7,000 firms to move its headquarters out of Catalonia druing the region's failed 2017 independence bid (JOSE…
Business
NEV development in China: a review of 2024 and expectations for 2025
By the end of November 2024, the total volume of New Energy Vehicles (NEVs) in the Chinese market reached a historic high of 9.7 mn units…
Business
JPMorgan’s Dimon sees inflated stocks as ‘animal spirits’ return
JPMORGAN Chase’s dealmakers are spending their time in the Swiss Alps huddling with ebullient clients, but the boss of the biggest US bank…
Business
US: Wall St opens higher after Netflix results, Trump's AI investment plans
Wall Street’s main indexes opened higher on Wednesday (Jan 22), with the benchmark S&P 500 just shy of a record high, as investors cheered…
Business
Frasers Centrepoint Trust posts 99.5% retail portfolio occupancy for Q1
FRASERS Centrepoint Trust (FCT) posted a committed occupancy of 99.5 per cent for its retail portfolio for the first quarter of its…
Business
Mapletree Industrial Trust posts 1.5% rise in Q3 DPU to S$0.0341
THE distribution per unit (DPU) for Mapletree Industrial Trust (MIT) rose 1.5 per cent to S$0.0341 for its third quarter ended Dec 31,…
Business
Saudi prince’s investment firm would be keen on TikTok if Musk or others buy it, CEO says
SAUDI Arabian Prince Alwaleed Bin Talal’s investment company Kingdom Holding (KHC) would be interested in investing in ByteDance’s TikTok…
Business
TikTok owner ByteDance, DeepSeek lead Chinese push in AI reasoning
TIKTOK owner ByteDance on Wednesday (Jan 22) released an update to its flagship AI model aimed at challenging Microsoft-backed OpenAI’s…
Business
China unveils plan to encourage insurance funds into stock markets
CHINA said on Wednesday (Jan 22) it will guide big state insurers and commercial insurance funds to increase investments in the A-share…
Business
ECB policymakers line up behind further interest rate cuts
EUROPEAN Central Bank policymakers lined up behind further interest rate cuts on Wednesday (Jan 22), indicating that next week’s reduction…
Business
Goldman Sachs starts infrastructure fund for wealthy individuals
GOLDMAN Sachs Group’s alternative investment arm is launching a global infrastructure fund for wealthy individuals, as it ramps up efforts…
Business
Eastspring urges investors in Asia to be active, instead of tracking indices
INVESTORS in Asia need to be active in managing their portfolios this year, given the wider themes at play that could lead certain…
Business
Microsoft relaxes data centre grip on OpenAI amid US$500 billion joint venture
MICROSOFT on Tuesday (Jan 21) said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture…
Business
Sunway Healthcare picks banks for what could be biggest Malaysia IPO in years
SUNWAY has picked banks including HSBC Holdings and Malayan Banking to help arrange an initial public offering (IPO) of its healthcare…