News
Hooters files for bankruptcy as brand eyes turnaround plan
It listed assets of US$50 million to US$100 million and liabilities in the same range in its petition[ATLANTA] Hooters of America has filed for bankruptcy as the casual-dining brand...
UOB trims interest rate on flagship One Account, joins OCBC in 360 Account cut
[SINGAPORE] UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations. With effect from May 1, the maximum interest rate...
Shell completes Singapore refinery sale to Chandra Asri-Glencore joint venture
[SINGAPORE] Shell has completed the sale of its Singapore refinery and refining assets to a Chandra Asri-Glencore joint venture, the company said on Tuesday, while trade sources noted that...
Asia: Markets edge back but Trump tariff fears dampen mood
[HONG KONG] Asian markets mostly rose on Tuesday, clawing back some of the hefty losses suffered in recent weeks, though sentiment remains sluggish and gold hit another record high...
OUE Healthcare says earthquake damaged Mandalay hospital of Pun Hlaing Hospitals that it owns 40% stake in
[SINGAPORE] OUE Healthcare announced that the Mandalay hospital building of Pun Hlaing Hospitals, which it owns a 40 per cent stake in, sustained damage after the massive earthquake that...
Buffett’s Berkshire Hathaway mandates banks for yen bond deal
WARREN Buffett’s Berkshire Hathaway is planning to sell yen bonds in the global markets, after the billionaire revealed that the firm is looking to increase ownership in Japan’s five...
CapitaLand Ascendas Reit’s S$883 million Science Park upgrade complete
[SINGAPORE] CapitaLand Group has completed its S$883 million redevelopment of 1 Science Park Drive, a property situated in Geneo, the life sciences and innovation cluster in Singapore Science Park...
OpenAI finalizes a record $40-billion funding round
OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion from SoftBank Group Corp. and other investors at a...
Musk’s XAI deal offers unexpected win for X investors
Elon Musk just acquired the social network formerly known as Twitter for the second time in three years.Musk, the world’s richest person, on March 28 used his artificial intelligence...
OpenAI to raise US$40 billion in SoftBank-led new funding
OPENAI said on Monday it would raise US$40 billion in a new funding round led by SoftBank Group at a US$300 billion valuation to advance AI research, expand computational infrastructure,...
