Fashion
Bank of England’s Bailey warns First Brands, Tricolor collapses may herald worse to come
[LONDON] The recent collapses of US car parts maker First Brands and auto dealership Tricolor may be a warning of much bigger financial problems to come and the Bank...
OpenAI recruits ex-bankers to train AI to eliminate banking grunt work
Participants are paid US$150 per hour to write prompts and build financial models for a range of transaction types[NEW YORK] OpenAI has more than 100 ex-investment bankers helping train...
Soilbuild Construction mulls spinoff, SGX listing of precast and prefab business
Potential listing will be subject to market conditions, commercial negotiations and relevant regulatory and approvals[SINGAPORE] Soilbuild Construction is exploring spinning off and listing its precast and prefabrication business on...
Overnight Wall Street rally lifts Singapore counters; STI rises 1.2%
Across the broader market, gainers outnumber decliners 429 to 199 after 1.6 billion securities worth S$1.7 billion change hands[SINGAPORE] An overnight rally on Wall Street – fuelled by optimism over...
Japan warns Vietnam of job losses as Hanoi petrol-powered motorbikes ban hits Honda
The ban could result in production interruptions and the risk of bankruptcy for companies in the supply chain[HANOI/TOKYO] The Japanese government and some of the nation’s top manufacturers have...
Chipmaker CXMT plans Shanghai listing with 300 billion yuan valuation: sources
[BEIJING/SINGAPORE] Chinese memory chipmaker ChangXin Memory Technologies (CXMT) plans an initial public offer in Shanghai as soon as the first quarter of next year, eyeing a valuation of up...
Sea CEO Forrest Li sees path to US$1 trillion market cap with help of AI
But the company is battling deep-pocketed global challengers, including TikTok Shop and LazadaSEA founder Forrest Li told employees that a trillion-dollar market capitalisation – an increase of about 10...
Shares of doormaker surge as it secures planning permit for student accommodation in Australia
[SINGAPORE] Shares of Singapore doormaker HS Optimus surged on Tuesday (Oct 21), after it secured a permit for a 14-storey purpose-built student accommodation (PBSA) in Melbourne, Australia. HS Optimus...
Gold hovers near record high on safe-haven demand, US rate-cut bets
The shutdown has delayed key economic data releases, leaving investors and policymakers in a data vacuum ahead of the Federal Reserve’s policy meeting next week[BENGALURU] Gold prices edged higher...
Singapore Cricket Club members vote against renaming Men’s Bar at special general meeting
[SINGAPORE] For most of its 173 years in business, the Men’s Bar at the Singapore Cricket Club (SCC) admitted, as its name suggests, only men.This changed in 2006 when...
