Culture
Tech giants test investors’ patience with AI spending spree
Alphabet, Meta Platforms and Microsoft, together have racked up some US$78 billion in capital expenditures last quarter[SEATTLE] The largest technology companies are betting on an artificial intelligence (AI) future...
Mapletree Industrial Trust to divest up to S$600 million of assets over next two years
[SINGAPORE] The manager of Mapletree Industrial Trust (MIT) plans to divest between S$500 million and S$600 million worth of assets over the next two years, with a focus on...
Trump says strikes deal with China’s Xi on tariffs, rare earth exports
World stock markets from Wall Street to Tokyo have hit record highs in recent days[BUSAN, South Korea] US President Donald Trump said he had struck a deal to reduce...
Lim Boon Heng expected to retire as NTUC Enterprise chairman as soon as this week: Bloomberg
[SINGAPORE] Former Cabinet minister Lim Boon Heng is expected to retire from his role as chairman of NTUC Enterprise Co-operative, the parent of Income Insurance, Bloomberg reported on Oct...
Asia: Stocks muted with all eyes on Trump-Xi meeting
ASIAN stocks were subdued on Thursday morning, with investors closely watching talks between the leaders of the United States and China for potential breakthroughs to defuse a damaging trade...
Apollo looks to bring private capital to growth tech firms
The alternative asset manager has also been tapping into the startup economy more through its partnership with Cadma Capital[LOS ANGELES] Apollo Global Management is partnering with venture capital firm...
Tokyo: Nikkei rises to record high before BOJ decision, JGB yield climb
[TOKYO] Japan’s Nikkei share average rose to a record high on Thursday, shaking off early weakness, as investors awaited the Bank of Japan’s latest policy decision.Japanese government bond (JGB)...
Indonesian bonds seen extending rally on rate-cut expectations
[JAKARTA] Indonesian bonds have room to rally further, according to strategists, on expectations of further interest-rate cuts by the central bank.Nomura Holdings says the benchmark 10-year yield may slide...
Vietnam equity outflows ease on currency rebound, growth hopes
[HANOI] Foreign outflows from Vietnam stocks are easing, helped by renewed strength in the country’s currency and lower valuations.Global funds sold a net US$723 million of local shares this...
UK energy watchdog plans to tackle £4.4 billion consumer debts
[LONDON] Britain’s energy regulator Ofgem announced plans on Thursday to tackle £4.4 billion (S$7.5 billion) of debts built up by customers, which are driving up bills for millions of...
