Culture
S&P Global shifts Genting companies’ outlook to negative on weaker credit quality forecasts
Group capital expenditure could double in 2026, with earnings ‘unlikely’ to keep pace [SINGAPORE] S&P Global Ratings revised its outlook for the Genting group of companies to “negative”, citing...
Visa offers stablecoin settlement for US banks using Circle’s USDC
[NEW YORK] Visa is opening its US network to stablecoin settlement, expanding crypto-linked products and services enabled by the relaxed regulatory environment under the second Trump administration.The global payments...
Coupang CEO fails to appear at South Korean parliamentary hearing on data breach
[SEOUL] The founder of South Korea’s Coupang failed to appear before a Wednesday parliamentary hearing about the massive data breach at the e-commerce giant, angering lawmakers who said they...
Japan’s Mizuho to buy majority of India’s Avendus from KKR for up to 81 billion yen
[TOKYO] Japan’s Mizuho Securities on Wednesday (Dec 17) said that it will buy a majority stake in Indian investment bank Avendus from US investment firm KKR for up to...
Oil jumps as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
[TOKYO] Oil prices climbed sharply on Wednesday after US President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, raising fresh...
Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
[WASHINGTON] US President Donald Trump on Tuesday ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela, a move set to sharply escalate tensions between Washington and...
Singapore inventor wins High Court suit against rivals who passed off similar doors as his design
The Malaysian company by Ng’s former employee Goh Song Guan, manufactures a similar slide-and-swing door known as “SD Door”[SINGAPORE] A Singapore inventor behind a space-saving door system widely used...
SBI Shinsei Bank to debut after second-biggest Japan IPO of 2025
SBI Shinsei Bank will start trading in Tokyo on Wednesday after raising 322 billion yen (S$2.7 billion) in Japan’s second-biggest initial public offering of the year.The sale saw the...
RBNZ expects new bank capital requirements to lower rates
[WELLINGTON] New Zealand’s central bank is reducing capital requirements for lenders and expects that to benefit consumers through lower interest rates and more competition.“These new settings will reduce the...
US stocks ends mixed after paring earlier losses
WALL Street’s main indexes pared some losses on Tuesday afternoon with the Nasdaq closing up, and the S&P 500 and the Dow closing lower, impacted by declines in healthcare...
