Entrepreneurship
SoftBank to buy ABB’s robotics business in US$5.4 billion deal
[TOKYO] SoftBank Group said on Wednesday (Oct 8) it has agreed to buy the robotics business of Swiss engineering group ABB in a US$5.4 billion deal.The deal marks a...
Crypto race to tokenise stocks raises investor protection flags
The industry is divided over which regulations apply to stock tokens, and investor rights and protections vary[NEW YORK/PARIS] A race by crypto companies to sell tokens pegged to stocks...
Australia launches A$600 million rescue of Glencore copper smelter
Globally, copper smelters face challenges from a shortage of concentrate and overcapacity in China[MELBOURNE] Australia announced a A$600 million (S$510 million) bailout over three years for Glencore’s Mount Isa...
BMW cuts annual guidance on weak China sales, tariff costs
The slack demand for luxury EVs is hitting automakers already dealing with muted growth in Europe and duties in the US[MUNICH] BMW lowered its financial guidance for the year...
Indonesia considering bioethanol-blended fuel mandate, minister says
Indonesian government is seeking to expand the use of biofuels made from palm oil and sugar cane[JAKARTA] Indonesia is considering setting a mandatory bioethanol content level of 10 per...
Aspial Corp, Koh family-linked entity move to privatise AF Global for S$31.8 million as it sells stake in Knight Frank Singapore
The offeror, AFG Investment, is looking to acquire a 27.35% stake in the mainboard-listed group for S$0.11 per share[SINGAPORE] A consortium comprising jewellery retailer Aspial Corp and an entity...
Tesla debuts ‘affordable’ Model Y and 3 that strike some as too expensive
Musk has been pivoting the company towards artificial intelligence, focusing on robotaxis and humanoid robots, but the new cars are key to hopes of near-term revenue growth[BENGALURU] Tesla rolled...
Nvidia to invest in Musk’s xAI as part of US$20 billion funding
Data centre capacity is seen as a necessity for developing top AI models, though some have debated how much computing power can improve the technology[NEW YORK] The Elon Musk-backed...
Stocks to watch: DBS, Keppel Reit, NetLink NBN Trust, StarHub, Info-Tech
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 8): DBS Bank : The bank’s shares hit a new record high...
Intel to reveal tech details on forthcoming PC chip: sources
[SAN FRANCISCO] Intel plans to release technical details about its forthcoming chip for laptops, known as Panther Lake, on Thursday (Oct 9), four sources briefed on the plans told...
