Fashion
Danantara’s US$1.4 billion Garuda play emerges as key reform test
The 76-year-old airline is a major employer and a key mode of transport for the country[JAKARTA] Indonesian sovereign wealth fund Danantara’s growing momentum in state-firm restructuring is putting fresh...
US moves to deepen minerals supply chain in AI race with China
The Asian nation is home to more than 90% of global rare earths and permanent magnets refining capacity[WASHINGTON] The US will seek agreements with eight allied nations as part...
Singapore’s YouTrip enters Australian market
[SINGAPORE] Singapore-based multi-currency wallet YouTrip has launched operations in Australia, marking the fintech company’s first geographic expansion since the Covid-19 pandemic. Announced on Tuesday (Dec 2), the move establishes...
Oil climbs over US$1 a barrel on Opec action, Ukraine attack
Concerns about a possible conflict between the United States and Venezuela run far behind the focus on the war in Ukraine[HOUSTON] Oil prices rose more than 1 per cent...
JPMorgan doubles Swiss business by targeting wealthy clients
[ZURICH] JPMorgan doubled its Swiss domestic private banking business between 2020 and 2024 and aims to do so again by 2030 as it targets the country’s wealthiest people, a...
Nvidia takes US$2 billion stake in Synopsys as AI deal spree accelerates
The deal adds to Nvidia’s slew of new partnerships in the artificial intelligence ecosystem[SANTA CLARA, California] Nvidia has invested US$2 billion in chip design software maker Synopsys as part...
Schneider Electric looks to digitalisation, new partners to tackle rapid electrification
[SINGAPORE] Electricity demand’s unprecedented growth is coming from both technology and sectors undergoing electrification through digitalisation.From buildings requiring more air-conditioning amid global warming to technology such as electric vehicles...
SoftBank’s Son ‘cried’ about Nvidia stake sale to fund AI bets
The company needs to raise capital to fund projects including data centre construction[TOKYO] SoftBank Group founder Masayoshi Son said he wouldn’t have sold off Nvidia shares if his company...
Singapore shares rise marginally as investors turn cautious ahead of Fed decision
Decliners beat gainers 279 to 271 across the broader market, as 1.3 billion securities worth S$1.4 billion are transacted[SINGAPORE] Singapore stocks finished slightly higher on Monday (Dec 1), as...
India orders smartphone makers to preload state-owned cyber safety app
Smartphone companies have 90 days to ensure the app is pre-installed on new mobile phones[BENGALURU] India’s telecoms ministry has privately asked smartphone makers to preload all new devices with...
