News
DBS, Ant International expand partnership to boost cross-border payments
[SINGAPORE] Singapore’s biggest bank DBS Group and Ant International have signed a memorandum of understanding to expand their partnership and scale up cross-border payments and fintech services.The deal, announced...
Toyota opens US battery plant, confirms US$10 billion investment plan
TOYOTA Motor said on Wednesday it had begun production at its US$13.9 billion North Carolina battery plant as it ramps up hybrid production and confirmed plans to invest US$10 billion...
MAS to trial issuance of tokenised bills, releases guidelines for AI in financial sector
[SINGAPORE] The Monetary Authority of Singapore (MAS) will be trialling the issuance of tokenised bills to primary dealers, which will then be settled with central bank digital currencies (CBDCs)....
ST Engineering shares jump as much as 4.1% on revenue increase, special dividend
[SINGAPORE] Shares of ST Engineering jumped as much as 4.1 per cent on Thursday (Nov 13) after an increase in its nine-month revenue.The counter climbed S$0.34 to S$8.63 as...
Boeing ordered to pay more than US$28 million to 737 MAX crash victim’s family
[CHICAGO] A jury in federal court in Chicago ordered Boeing on Wednesday to pay more than US$28 million to the family of a United Nations environmental worker who was...
Waymo taxis are coming to Los Angeles and Bay Area freeways
Nearly one year after Waymo launched its autonomous ride-hailing service in Los Angeles, the company is ready to take on freeways. Waymo announced Wednesday that it would begin taking...
US House report accuses China of minerals market interference
CHINA for decades has sought to manipulate global critical minerals prices, using its control as an economic weapon to expand its manufacturing sector and its geopolitical influence, a US...
October inflation, jobs data may never be released: White House
OFFICIAL US data on how consumer inflation and the jobs market fared in October may never be published, the White House said on Wednesday, citing the longest government shutdown...
US: Dow notches record-high close while Amazon weighs on Nasdaq
[NEW YORK] Wall Street’s main indexes were mixed on Wednesday, with the Dow notching a record-high close and the Nasdaq losing ground as investors rotated out of pricey technology stocks while...
Oil prices fall on Opec 2026 supply outlook
[HOUSTON] Oil prices fell more than US$2 a barrel on Wednesday, weighed down by an Opec report saying global oil supply will match demand in 2026, marking a further shift from its...
GM wants parts makers to pull supply chains from China
[DETROIT] General Motors (GM) has directed several thousand of its suppliers to scrub their supply chains of parts from China, four people familiar with the matter said, reflecting automakers’...
NTT DC Reit posts H1 DPU of US$0.0169, seeks growth in Tier 1 data centre markets
It is eyeing opportunities that will reduce tenant concentration, while diversifying its portfolio geographically[SINGAPORE] NTT DC Real Estate Investment Trust (Reit) posted a distribution per unit (DPU) of US$0.0169...