News
Sovereign wealth funds join clamour for private credit in EMs
[LONDON] A record wave of private credit deals across emerging markets (EMs) looks set to extend this year, with a host of institutional and sovereign wealth investors seeking to...
Hassett says Trump may be right to keep him out as Fed chair
[WASHINGTON] White House economic adviser Kevin Hassett said that US President Donald Trump may well keep him in his current job, which would eliminate him from contention for the...
Micron to buy Taiwan chip fabrication site for US$1.8 billion
The investment is part of Micron’s global expansion as it seeks to meet continued demand for memory chips[NEW YORK] Micron Technology has signed a letter of intent to buy...
Creative’s new CEO is no Sim Wong Hoo – but he shouldn’t strive to be
New chief Sim Li Ern’s main task is to convince investors that the company still has viable businesses[SINGAPORE] Sim Li Ern, the nephew of the late Creative Technology founder...
Bank of Japan keeps yen watchers on edge for rate-hike clues
Yen weakness and negative real rates risk fuelling inflation, leaving the BOJ behind the curve[TOKYO] The upcoming Bank of Japan (BOJ) meeting offers scope for sharp movements in the yen as...
OpenAI to test ads in ChatGPT in bid to boost revenue
The move marks a major departure for the company that had so far relied on subscriptionsOpenAI said it would start showing ads in ChatGPT to some US users, ramping...
Musk seeks up to US$134 billion damages from OpenAI, Microsoft
ELON Musk wants OpenAI and Microsoft to pay him damages in the range of US$79 billion to US$134 billion over his claims that the generative AI company defrauded him...
China’s electricity use hits record in 2025, surpasses 10 trillion kWh
[SHANGHAI] China’s electricity consumption climbed 5 per cent to a record high last year, surpassing 10 trillion kilowatt-hours for the first time, the National Energy Administration said on Saturday.The...
FAA warns airlines on Central, South American flights of potential military actions
THE US Federal Aviation Administration warned airlines on Friday to exercise caution when flying over Mexico, Central America and parts of South America, citing the risks of potential military...
Google asks US judge to defer order forcing it to share data with rivals while it appeals
ALPHABET’S Google asked a judge on Friday to postpone making the company share data with rivals while it challenges a ruling that the company holds an illegal monopoly in...
