News
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...
Data centres are expensive. Reits are ‘powerful tools’ to raise capital – and Singapore benefits
[SINGAPORE] Data centres are expensive - to construct and to operate, as they are also power-guzzling.Amid the AI boom, as demand from hyperscalers for computing power drive up the...
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...
Asian markets stumble as traders struggle to hold Fed cut rally
Bets on a US reduction on Wednesday have surged to around 90% in the past two weeks[HONG KONG] Asian markets struggled to maintain their early momentum on Thursday (Dec...
Ship rates spiking 467% marks upended trade across commodities
Freight rates have eased slightly from a peak at the end of November, but elevated costs are reverberating across the shipping market[HONG KONG] Rates to ship commodities from energy...
M&A boom fuels record decline in Japan’s listed companies
The country is mirroring the decline in listings in developed markets that has been going on for decades[TOKYO] Japan has nearly as many listed companies as the US, with...
Goldman, BlackRock rush to fill wealth-advice void in Australia
As governments everywhere struggle with ageing populations and ballooning deficits, the country’s superannuation system stands out as a model – with a warning[MELBOURNE] On one of Larry Fink’s frequent...
Nvidia scores lobbying win as Congress rejects chip export bill
Lawmakers are working on another bill, the Safe Act, which would codify existing limits on AI chip sales to China[WASHINGTON] Nvidia is on the verge of securing a massive...
Intel says it will keep networking and communications unit
The chip maker has considerably improved its cash position as a result, finance chief Dave Zinsner says[SAN FRANCISCO] Intel said on Wednesday (Dec 3) that it has opted to...
TikTok to invest more than 200 billion reais in Brazil data centre
[NEW YORK] ByteDance’s TikTok will invest more than 200 billion reais (S$49 billion) to build a data centre in Brazil, marking its first project in Latin America.TikTok will partner...
