Culture
S&P 500 expected to hit new heights
SINCE Oct 17, the S&P 500 has seen a 3 per cent pullback from its swing high level of 5,878, weighed by a concurrent 5 per cent rise in...
YTL Power and Sembcorp Industries among power firms likely to benefit from South-east Asia data centre boom
THE heating up of data centre growth in South-east Asia has been drawing investor interest. Now, analysts are turning the spotlight on one of the key beneficiaries of the...
Indonesia’s GoTo, China’s Tencent, Alibaba agree on cloud infrastructure development
INDONESIAN tech firm GoTo Gojek Tokopedia signed agreements with China’s Tencent and Alibaba on Sunday (Nov 10) to develop cloud infrastructure and digital talent in Indonesia, GoTo said in...
Union Square Residences sells 20% of units on launch day
PROPERTY developer City Developments (CDL) sold 75 units of the 366-unit Union Square Residences at Havelock Road on Saturday (Nov 9). In a press release from the company on...
Bain said to near deal to acquire Blackstone’s Avery Lodge
BAIN Capital is nearing a deal to acquire Blackstone’s Singapore worker dormitory firm Avery Lodge after outbidding other rival private equity firms, according to people familiar with the matter.The...
Bain nears deal to acquire Blackstone’s Avery Lodge
BAIN Capital is nearing a deal to acquire Blackstone’s Singapore worker dormitory firm Avery Lodge after outbidding other rival private equity firms, according to people familiar with the matter.The...
DBS eyes Malaysian bank stakes in expansion push: sources
SINGAPORE’S biggest lender DBS is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest banks by...
OpenAI’s ChatGPT back up after brief outage
MICROSOFT-backed OpenAI popular chatbot ChatGPT was back up after an outage affected thousands of users, the company said on Friday (Nov 8).“Issues with ChatGPT have now been resolved,” OpenAI...
Dollar on track for weekly gain after Trump election win
THE dollar rose on Friday (Nov 8) and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican...
Oil settles down 2% on receding hurricane risk, lacklustre China stimulus
OIL prices settled more than 2 per cent lower on Friday (Nov 8) as traders grew less fearful of prolonged supply disruptions from a hurricane in the US Gulf...
