News
Chip turmoil will worsen on Nexperia spat: Wingtech chair warns
Ruby Yang adds that as the dispute continues, the damage to global industrial chain, investment confidence and shareholders deepens[BEIJING/FRANKFURT] Wingtech Technology chairwoman Ruby Yang warned that global chip supplies...
Singapore stocks inch up on inflation forecast; STI gains 0.6%
[SINGAPORE] Local shares closed higher on Tuesday (Dec 23), after the authorities maintained their full-year forecasts for Singapore’s core and headline inflation for November. Core inflation, which excludes accommodation...
Mitsui OSK inks financing deal for Singapore LNG terminal with banks including DBS, OCBC
The deal is for a newbuild floating storage and regasification unit that will be operated by Singapore LNG Corporation [SINGAPORE] Mitsui OSK Lines (MOL) has signed a project finance...
Mapletree acquires logistics facility in the Netherlands for 32.3 million euros
Since entering the European logistics market in 2018, the group has amassed 82 logistics assets across eight countries[SINGAPORE] Mapletree Investments has expanded its logistics presence in Europe with the...
Gold sets 50th daily record this year on rate-cut bets and geopolitical risk
Gold has risen 70% this year, driven by strong central-bank buying and inflows into bullion-backed ETFs[LONDON] Gold rose to an all-time high on Tuesday (Dec 23) – the 50th...
Huawei’s Maextro S800 becomes China’s top-selling US$100,000 car
[BEIJING] Huawei Technologies’ ultra-luxury Maextro S800 sedan is so popular in China nowadays, it is outselling Porsche’s Panamera, Mercedes-Benz Group’s S-Class and all other vehicles with sticker prices of...
Rakuten AI boss diverges from big tech in prioritising low cost
RAKUTEN Group is expanding its AI team under the stewardship of a Google veteran and building models with a focus on cost efficiency.Ting Cai, now three years into his...
Apple, Google and others tell some foreign employees to avoid traveling out of the country
Big Tech companies, including Apple, Google, Microsoft, and ServiceNow, have warned employees on visas to avoid leaving the country amid uncertainty about changing immigration policy and procedures. Following an...
Australia central bank saw risk of rate rise in 2026 to contain inflation
Core inflation rose to 3.3 per cent in October, taking it further above the RBA’s target band of 2 per cent to 3 per cent [SYDNEY] Australia’s central bank...
Mandatory offer for Alpha Integrated Reit at S$0.48 each following acquisition of ESR stake
Volare and its concert parties now control 41.27% of the total issued units by AI-Reit, formerly known as Sabana Reit[SINGAPORE] Mindarie Investment, a wholly owned subsidiary of Swiss-based Volare...
