News

Waymo hits a dog in San Francisco, reigniting safety debate
A self-driving Waymo taxi hit a dog in San Francisco, reigniting a heated debate over autonomous vehicle safety just weeks after one killed a popular neighborhood cat.On Sunday, around...
Temasek-backed Xora Innovation leads US$46 million funding in Vinci
[SINGAPORE] Vinci, the brain behind a physics-driven artificial intelligence (AI) platform for hardware design and simulation, raised US$46 million in seed and Series A funding, it said on Tuesday...
Nomura CEO sees big growth phase in wealth and asset management
[TOKYO/YOKOHAMA] Nomura’s chief executive officer vowed to build on the company’s earnings revival by strengthening businesses across the board, ranging from wealth to asset management and dealmaking. “I believe we...
Citigroup faces US$5 million bill to transport its lead from Singapore
Citi plans to keep about 24,000 tons in Singapore, while 88,000 tons will likely go to Taiwan or Malaysia[LONDON] Citigroup will move most of its lead stocks from Singapore...
Buying the S&P 500 is an active bet on AI: BlackRock Investment Institute
The unprecedented AI boom is catalysing a mega structural change that impacts investing., the institute says[SINGAPORE] Just buying the S&P 500 is no longer a passive bet on US equities,...
Temasek-backed autonomous driving firm Momenta files for Hong Kong IPO: sources
The firm is joining a growing list of Chinese companies aiming to debut in the Asian financial hub[HONG KONG] Chinese autonomous driving developer Momenta has confidentially filed for a...
STI up 0.3% on Tuesday, amid mixed showing by Singapore shares
Across the broader market, there are 288 gainers and 236 decliners, with 1.3 billion securities valued at about S$1.3 billion transacted[SINGAPORE] Singapore shares had a mixed showing on Tuesday...
STI up 0.3%, amid mixed showing by Singapore shares
Across the broader market, there are 288 gainers and 236 decliners, with 1.3 billion securities valued at about S$1.3 billion transacted[SINGAPORE] Singapore shares had a mixed showing on Tuesday...
Raffles Education sells corporate building for S$121.8 million
The property at 51 Merchant Road is being sold at about 78% over book value to an unnamed real estate player[SINGAPORE] Raffles Education has sold its corporate building at...
Raffles Education sells 51 Merchant Rd to LaSalle JV for S$121.8 million; reaps S$53 million gain
Four-storey commercial building with conserved buildings and basement car parks sold for about 78% over book value[SINGAPORE] Raffles Education has sold its corporate building at 51 Merchant Road for...
Travel platform Klook to delay US listing until early 2026: sources
The company expects investors to be more receptive to an IPO once the holidays are over[HONG KONG] Klook Technology plans to list in the US early next year, according...
Singapore Bank OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago[SINGAPORE] Oversea-Chinese Banking Corp (OCBC) shares hit a fresh record as the wealth-management...