News
Positive momentum for office S-Reits as vacancy rates ease and rents climb
[SINGAPORE] In the third quarter of 2025, the Urban Redevelopment Authority reported a modest tightening in office vacancy rates, easing to 11.2 per cent from 11.4 per cent in...
Banks get US$2.6 trillion from deregulation, Jefferies says
[NEW YORK] Looser regulation for US banks is expected to unlock some US$2.6 trillion in lending capacity for large financial institutions, according to Jefferies analysts, cementing the richer valuation...
Judge temporarily blocks OpenAI from using ‘Cameo’ in video-making app Sora
A federal judge has temporarily blocked OpenAI’s use of several monikers, including “Cameos” and “CameoVideo,” for elements of its Sora artificial intelligence video generation products and marketing.U.S. District Judge...
Thai central bank sees room for rate cut, wants a weaker baht
THAILAND’S newly-appointed central bank governor says the baht should be weaker to reflect economic fundamentals, and there is room to ease monetary policy further.The baht’s strength is a result...
Canva’s Obrecht says firm eyeing IPO in ‘next couple of years’
[SYDNEY] Canva, Australia’s most high profile startup, has had a surge in users of its new product suite as it builds toward listing as a public company, one of...
Judge in Google ad tech case seeks quick fix for web giant’s monopolies
[ALEXANDRIA] The US judge considering whether to order a breakup of Google’s advertising technology business asked the Department of Justice (DOJ) on Friday (Nov 21) how quickly such a...
Exxon freezes plans for major hydrogen plant amid weak customer demand
[HOUSTON] Exxon Mobil has paused plans to build what would be one of the world’s largest hydrogen production facilities due to weak customer demand, CEO Darren Woods told Reuters...
Oil prices settle down at lowest in a month as US seeks Russia-Ukraine peace deal
[NEW YORK] Oil prices eased about 1 per cent on Friday (Nov 21) to settle at one-month lows as the US pushed for a Russia-Ukraine peace deal that could...
Infinity Development aims to raise net proceeds of S$11.1 million in Catalist IPO
The adhesive manufacturer will use the bulk of the net proceeds, or S$6.2 million, towards expanding in overseas markets[SINGAPORE] Hong Kong-based adhesive manufacturer Infinity Development is looking to raise...
Ex-Lloyd’s CEO lost US$17 million AIG job after office romance
[WASHINGTON] American International Group’s announcement last week that it was parting ways with incoming President John Neal stunned insurance industry observers and raised questions about what caused the veteran...
