News
ST Engineering unit, SP Group to sell joint venture for S$290 million to Singapore fund manager
ST Engineering is expected to get a one-off gain of around S$80 million from the proposed sale[SINGAPORE] ST Engineering’s wholly owned subsidiary, ST Engineering Urban Solutions, has entered into...
Hong Kong’s US$25 billion pile of soured debt spurs talks to form ‘bad bank’
[HONG KONG] The pile of non-performing loans (NPLs) at Hong Kong lenders has grown so large that some in the industry have discussed the creation of a “bad bank”...
New details in Air India crash probe shift focus to plane’s captain: WSJ
A COCKPIT recording of dialogue between the two pilots of the Air India flight that crashed last month indicates the captain cut the flow of fuel to the plane’s...
Goldman Sachs profits jump as CEO eyes more merger activity
[NEW YORK] Goldman Sachs reported a jump in second-quarter profits on Wednesday behind significant increases in financial advisory revenues that chief executive David Solomon said could presage an uptick...
Three-quarters of US teens use AI companions despite risks: study
[SAN FRANCISCO] Nearly three in four American teenagers have used AI companions, with more than half qualifying as regular users despite growing safety concerns about these virtual relationships, according...
Oil settles down; build in US fuel inventories offsets signs demand growing
[HOUSTON] Oil prices settled marginally lower on Wednesday as US fuel inventory builds and concerns about wider economic impact from US tariffs outweighed some signs of increasing demand.Brent crude...
US: Stocks end higher, shrugging off Powell firing fears
[NEW YORK] Wall Street stocks finished higher on Wednesday, shrugging off a mid-session swoon after US President Donald Trump denied plans to fire Federal Reserve Chair Jerome Powell.Major indices had moved...
mm2 Asia seeks to delay S$54 million bond repayment by six years
[SINGAPORE] Embattled entertainment group mm2 Asia has proposed to amend a S$54 million-bond deal that was set for redemption in December.In a non-binding memorandum of understanding with its bondholder,...
These California metro areas are among the most AI-ready in the nation
Despite suggestions it has been losing its edge, California is way ahead of others when it comes to the hottest technology right now: artificial intelligence. The regions around San...
HRnetGroup appoints 10 new business leader co-owners
[SINGAPORE] HRnetGroup has appointed 10 new business leader co-owners, following the retirement and departure of certain leaders, to bring its total number of co-owners to 45. This is part...
