News
US Fed officials showed deep divisions at December meeting: minutes
THE US Federal Reserve agreed to cut interest rates at its December meeting only after a deeply nuanced debate about the risks facing the US economy right now, according to...
SoftBank has completed its US$40 billion investment in OpenAI
It has been building one of the largest private technology investment programmes in the world, with a particular focus on AI and related infrastructure[BENGALURU] Softbank has completed its US$40...
Alibaba, Abu Dhabi set to invest in AI startup MiniMax’s US$600 million IPO
CHINESE artificial intelligence (AI) startup MiniMax has secured Alibaba and the Abu Dhabi Investment Authority as key backers in its upcoming initial public offering (IPO) in Hong Kong, said...
Co-living provider The Assembly Place files preliminary prospectus for Catalist IPO
Proceeds will be used to grow the company’s portfolio, including its expected expansion into Malaysia[SINGAPORE] Co-living operator The Assembly Place on Monday (Dec 30) lodged a preliminary prospectus to...
Southern California has an unlikely AI mecca: the very industrial Vernon
Five miles south of downtown Los Angeles, a single industrial block in Vernon is drawing as much electricity as a small town.Inside a three-story, 242,000-square-foot building known as LAX01,...
Singapore stocks end higher amid mixed regional trading; STI up 0.5%
Across the broader market, gainers outnumber decliners 299 to 203, after 1.4 billion securities worth S$1.1 billion change hands[SINGAPORE] Local stocks closed higher on Tuesday (Dec 30) as regional...
PBOC’s leanest year for easing since 2021 defies Wall Street
Cutting interest rates by a little might prove ineffective in a scenario where households and businesses are reluctant to take on debtCHINA has kept its central bank on the...
Six China IPOs debut in Hong Kong after raising HK$7 billion to cap banner year
With more than 300 companies filing to list, the momentum is set to carry into 2026[SINGAPORE/HONG KONG] Six Chinese companies made their Hong Kong trading debuts on Tuesday (Dec...
Precious metals fall again, Asian stocks swing as traders wind down
Investors have been piling into commodities on bets for more US rate cuts, a weaker US dollar and geopolitical tensions[HONG KONG] Precious metals extended losses on Tuesday (Dec 30)...
Trump says he still might fire Jerome Powell as Fed chair pick looms
[WASHINGTON] US President Donald Trump teased that he has a preferred candidate to be the next chair of the US Federal Reserve, but is in no hurry to make...
