Culture
CapitaLand Ascott Trust, Sheng Siong Group to replace Olam Group, Yangzijiang Financial on STI reserve list
[SINGAPORE] Hospitality player CapitaLand Ascott Trust and supermarket chain operator Sheng Siong Group will be joining the Straits Times Index’s (STI) reserve list, following the December quarterly review.They will...
EU launches antitrust probe into Meta over use of AI in WhatsApp
[BRUSSELS] Brussels has opened a new antitrust investigation into Meta Platforms over its rollout of artificial intelligence features in WhatsApp, the European Commission said on Thursday (Dec 4), reflecting...
DayOne Data Centers seeks US$2 billion in upsized funding deal: sources
[SINGAPORE] Singapore-based DayOne Data Centers is in advanced talks to raise more than US$2 billion in an upsized Series C funding round to help support its expansion in international...
STI slips 0.4% amid fears of US economy slowdown
Across the broader market, decliners edge out gainers 259 to 256 after 1.6 billion securities worth S$1.3 billion change hands[SINGAPORE] The Republic’s benchmark index closed lower on Thursday (Dec...
Hepmil founders chose Publicis acquisition over fresh funding round, citing M&A risks
Karl Mak, the startup’s CEO and co-founder, says the team was not confident of executing its own M&A deals[SINGAPORE] While planning for its next phase of growth in the...
Rio Tinto outlines plan to cut costs, raise productivity at strategy day
[MELBOURNE] Rio Tinto CEO Simon Trott outlined a plan to focus on cost cuts and productivity gains at his first strategy day on Thursday (Dec 4) as he undertakes...
India central bank to tolerate weaker rupee as inflows dry up
[MUMBAI] India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade gap and stalling of dollar inflows into the...
Drew & Napier, Withers to collaborate on claims against Switzerland over Credit Suisse AT1 losses
The Singapore firm has filed arbitration for Japanese claimants; expects to file for Singapore, Hong Kong groups by Q1 2026[SINGAPORE] Drew & Napier, one of Singapore’s largest law firms,...
Trump wants Asia’s ‘cute’ Kei cars to be made and sold in US
The ultra-compact cars are tailored to narrow roads with an affordable price tag to match their size[TOKYO] US President Donald Trump, apparently enamoured by the pint-sized Kei cars he...
China floods the world with gasoline cars it can’t sell at home
China’s gasoline-vehicle exports alone – not including EVs and plug-in hybrids – made it the world’s largest auto-exporting nation by volume in 2024[WARSAW] China’s electric-vehicle (EV) industry captured half its...
