Singtel’s Optus prices S$200 million notes due 2035 at 2.48% 

Singtel’s Optus prices S0 million notes due 2035 at 2.48% 

[SINGAPORE] A unit of Singtel’s wholly owned subsidiary Optus has priced S$200 million in 10-year fixed-rate notes due in 2035 at 2.48 per cent.  The notes will be drawn down under Optus Finance’s three billion euro (S$4.5 billion) Euro Medium Term Note Programme, Singtel said on Tuesday (Nov 25). “The issue is part of the…

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Jack Ma-backed Ant’s profit grew 10% after AI, global expansion

Jack Ma-backed Ant’s profit grew 10% after AI, global expansion

[HONG KONG] Ant Group’s quarterly profit grew 10 per cent after the Chinese digital payments giant bolstered its artificial intelligence capacity via AI models, humanoid robots and health care. The Hangzhou-based company contributed 2.7 billion yuan (S$496.3 million) of profit to Alibaba Group Holding, which owns a third of Ant. That translates to an estimated…

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Comfort foods that Americans swear by during Mercury retrograde

Comfort foods that Americans swear by during Mercury retrograde

Mercury retrograde is coming in hot and ready. As the least loved astrological transit, Mercury retrograde is synonymous with stress, nostalgia, communication breakdowns and relationship resurrections. It’s enough to make anyone want to eat their feelings. “Mercury Retrograde makes us crave comfort food for emotional grounding and a quick dopamine boost. With studies showing that…

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Alibaba revenue tops estimates with strong instant retail, AI push

Alibaba revenue tops estimates with strong instant retail, AI push

The company’s results come against the backdrop of a costly battle in China’s ‘instant retail’ sector [SHANGHAI] Chinese e-commerce giant Alibaba beat analysts’ quarterly revenue estimates on Tuesday (Nov 25) as investments in one-hour delivery helped drive more users to its shopping apps, while its cloud division reported strong growth. US-listed shares of the company…

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Barclays sees surge in Africa, Asia cross-border deal flows

Barclays sees surge in Africa, Asia cross-border deal flows

The Middle East, India and Singapore are doing more transactions in the region, and this will likely increase in 2026 [JOHANNESBURG] Barclays has a strong pipeline of deals across its investment and private-banking businesses in Africa as cross-border deal flow picks up and the continent’s largest economy shows signs of recovery, the head of its…

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iFly Sentosa parent sues Simba over equipment ‘trespass’

iFly Sentosa parent sues Simba over equipment ‘trespass’

[SINGAPORE] Skyventure VWT, which provides an indoor skydiving experience through AltitudeX on Sentosa island, has taken telco Simba to court over alleged equipment “trespass”. Skyventure alleges that Simba’s equipment, which consists of an antenna on the rooftop and a base station on the ground level, has resulted in the loss of revenue, which relates to…

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ECB reviews claims Deutsche Bank downplayed financial risks

ECB reviews claims Deutsche Bank downplayed financial risks

It underplayed risks in its balance sheet and gave misleading picture of its financial health [BRUSSELS] The European Central Bank is examining claims that Deutsche Bank underplayed risks in its balance sheet and gave a misleading picture of its financial health, the Financial Times reported on Tuesday (Nov 25). The ECB is reviewing allegations made…

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