News
TikTok to invest more than 200 billion reais in Brazil data centre
[NEW YORK] ByteDance’s TikTok will invest more than 200 billion reais (S$49 billion) to build a data centre in Brazil, marking its first project in Latin America.TikTok will partner...
DFI Retail Group hikes dividend payout ratio to 70% in three-year plan
The group is targeting a compound annual growth rate of 11 to 15% for its underlying profit[SINGAPORE] DFI Retail Group has unveiled a three-year strategic roadmap targeting double-digit profit...
Anthony Law, PropNex Realty salesperson rebut allegations in lawsuit involving 99-1 deal
This is in response to a case filed by a couple over the purchase of a unit at The Gazania[SINGAPORE] Anthony Law Corp, which has been sued by a...
Retail investors push e-commerce platform Meesho’s US$604 million India IPO to full subscription
The company has raised about US$270 million from anchors including Government of Singapore ahead of its IPO[MUMBAI] Meesho’s US$604 million initial public offering was fully subscribed the first day...
Singapore’s benchmark index STI rises for the sixth day, up 0.4%
Across the broader market, decliners beat gainers 297 to 275, after 1.3 billion securities valued at more than S$1.4 billion are transacted[SINGAPORE] Singapore shares rose on Wednesday (Dec 3),...
China’s LandSpace fails to complete reusable rocket test
The rocket was not able to complete a controlled landing following an initial launch[BEIJING] The maiden test of LandSpace’s next-generation Zhuque-3 rocket ended in failure on Wednesday (Dec 3),...
HSBC names Brendan Nelson chairman in surprise move
The bank says Nelson’s appointment follows a robust process assessing internal and external candidates[LONDON] HSBC Holdings’ interim chairman Brendan Nelson will move into that role on a permanent basis,...
Grab-Singtel’s GXS bank cuts about 10% of workforce as it moves on from early stage operations
Loss of 82 jobs part of the group’s transition from building a bank to running the operations: CEO Lai Pei-Si[SINGAPORE] Digital bank GXS is cutting 82 jobs or about...
Netflix, Warner Bros Discovery combo seen lowering costs for consumers: sources
Alphabet’s YouTube remains the country’s largest streaming platform by viewership[NEW YORK] Netflix’s proposed acquisition of Warner Bros Discovery’s studios and streaming unit is expected to reduce streaming costs for...
Most Asian markets rise as traders await key US data
Money markets have put the chances of a Dec 10 cut at around 90%, with another three forecast by the end of next year[HONG KONG] Markets mostly rose on...
