News
Temasek-backed Seviora, Churchill Asset Management close US$400 million in collateralised fund obligation
[SINGAPORE] Temasek’s main asset management platform Seviora and Churchill Asset Management announced a close of about US$400 million in a collateralised fund obligation on Monday (Jul 13).Ken Kencel, president...
Samsung Electronics to advance start of chip factory in Yongin to 2029
South Korea hopes to double its memory-chip production capacity within five yearsPublished Mon, Jul 13, 2026 · 10:49 AM[SEOUL] Samsung Electronics said on Monday (Jul 13) it aims to...
OpenAI, Meta, SpaceXAI compete for more cost-efficient AI models
The renewed emphasis on cost comes as business customers scrutinising AI spendingPublished Mon, Jul 13, 2026 · 09:57 AM[NEW YORK] Three prominent artificial intelligence developers released new models over...
Deutsche Bank pays US$1.3 million penalty for Australian trade reporting failures
Published Mon, Jul 13, 2026 · 09:19 AM — Updated Mon, Jul 13, 2026 · 01:09 PMDEUTSCHE Bank has paid an A$2 million (US$1.3 million) penalty for misreporting more...
Stocks to watch: Q&M Dental, Suntec Reit, PropNex
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jul 13): Q&M Dental : Q&M Dental is acquiring dental groups in Australia...
Hang Seng Index attempts recovery after prolonged downtrend
THE Hang Seng Index (HSI) entered the second half of 2026 showing early signs of stabilisation after an extended period of underperformance. While major US equity indices continued to...
New Zealand’s Fonterra trims top end of annual milk price forecast on weak demand
Published Mon, Jul 13, 2026 · 06:57 AMNEW Zealand dairy giant Fonterra on Monday (Jul 13) trimmed the top end of its milk price forecast for the 2026/27 season...
Meta to put AI chip into production in September as it looks to double computing capacity: memo
Published Mon, Jul 13, 2026 · 05:54 AM[NEW YORK/SAN FRANCISCO] Meta Platforms plans to start manufacturing an artificial intelligence chip from September as part of its plan to boost...
Sats to build unified AI-enabled platform; says Iran effects mixed but manageable
It notes that its AI investments are subject to the same standards as all capital allocation decisions[SINGAPORE] Provider of gateway services and food solutions Sats aims to build a...
Record electricity prices: Supply contracts, cost pass-on mitigate impact for Singapore data centre operators
But as hedges expire, high power costs could drive next wave of growth across the border, says one analyst[SINGAPORE] A 17 per cent spike in electricity tariffs is threatening...
