News
California backs down on AI laws so more tech leaders don’t flee the state
California’s tech companies, the epicenter of the state’s economy, sent politicians a loud message this year: Back down from restrictive artificial intelligence regulation or they’ll leave.The tactic appeared to...
China commercial vehicle maker Qingling Motors debuts in Singapore with the EQ2 heavy truck
[SINGAPORE] Automotive group Motorway and Qingling Motors will officially launch an electric heavy vehicle (EHV), the Qingling EQ2, on Friday (Nov 7). Priced from S$155,888 with a Certificate of...
Chinese banks edge out global rivals in financing Boyu Capital’s Starbucks China deal: sources
Ping An Bank, Industrial Bank, and China Minsheng Banking are set to arrange a seven-year syndicated loan of about US$1.4 billion[SHANGHAI] Chinese lenders are nearing a deal to help...
Singtel rises 5.4% to all-time high amid talks of US$3.9 billion data-centre deal
The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion[SINGAPORE] Shares...
Singtel jumps 5.1% to all-time high on talks to buy local data-centre firm
The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion[SINGAPORE] Shares...
Endowus to offer Avanda’s Singapore equity strategy on its platform
The approach focuses on small and mid-cap opportunities, supporting MAS’ funding initiative[SINGAPORE] Singapore-based wealth adviser Endowus will offer institutional investors and accredited investors access to fund manager Avanda Investment...
Commerzbank Q3 profit unexpectedly falls 8% as higher tax rates, costs weigh
[FRANKFURT] Germany’s Commerzbank, fending off a possible takeover by Italy’s UniCredit, reported an unexpected 7.9 per cent drop in third-quarter net profit on Thursday (Nov 6) as higher tax...
Latest Singapore six-month T-bill cut-off yield slides to 1.37%
Figure is down from the 1.41% offered from the last auction that closed on Oct 23[SINGAPORE] The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 1.37...
DBS banks on deposit growth to keep income stable in 2026 as interest rates fall
CEO Tan Su Shan sees opportunities within the equities capital markets and debt capital markets, as corporates return to these markets amid lower rates[SINGAPORE] DBS expects its total income...
Engine fell off UPS cargo plane before deadly crash: official
THE death toll from a cargo plane crash in the southern US state of Kentucky rose to 12 on Wednesday, with investigators saying the accident was caused by one...
