News
Sembcorp unit proposes to more than double stake in power supplier Senoko Energy
[SINGAPORE] Sembcorp Industries is moving to raise its stake in energy supplier Senoko Energy that could potentially more than double its interest in the company. Its wholly owned subsidiary Sembcorp...
Hard data shows US economy is solid, but there is fear around tariffs: Federal Reserve’s Goolsbee
CHICAGO Federal Reserve Bank President Austan Goolsbee on Tuesday said while the “hard” data show the underlying US economy is solid, the labour market strong, and inflation down from...
Bankers get boost in Asia-Pacific as M&A growth tops US, Europe
[NEW YORK] The race is far from over, but the Asia-Pacific has come out of the blocks much faster than the US and Europe in dealmaking activity this year.The...
Xiaomi car with driver assistance crashes, three reported dead
[HONG KONG] Xiaomi confirmed that one of its SU7 electric vehicles (EVs) was involved in an accident on an expressway in China. Local media reported that three people died...
Ghibli-inspired viral feature drives record ChatGPT usage
[BENGALURU] The frenzy to create Ghibli-style AI art using ChatGPT’s image-generation tool led to a record surge in users for OpenAI’s chatbot last week, straining its servers and temporarily...
US dollar struggles for direction before Trump’s reciprocal tariffs, awaits data
THE greenback was roughly unchanged on Tuesday (Apr 1) as investors braced for reciprocal tariffs that US President Donald Trump is due to announce.Markets will monitor the US Job...
UOB to take legal action against former Yang Kee Logistics CEO, The Online Citizen over ‘defamatory’ remarks
[SINGAPORE] UOB will initiate legal proceedings against Ken Koh, the former chief executive of Yang Kee Logistics, after he failed to retract and apologise for “baseless” and “defamatory” allegations.The...
Coinbase sees worst quarter since FTX fell as crypto slides
[NEW YORK] Shares of Coinbase Global and other firms linked to cryptocurrencies were hammered this quarter as growing concerns about the US economy weighed on digital assets.
Coinbase fell...
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...
