News

Micron invests US$24 billion to expand Singapore manufacturing complex; 1,600 jobs to be created
This brings the company’s total investments in Singapore to around US$60 billion[SINGAPORE] Semiconductor giant Micron Technology broke ground on Tuesday (Jan 27) morning on an advanced wafer fabrication facility...
Apollo took loss on zeroed out asset-backed loan deemed safe
The fallout from the e-commerce aggregator boom is still rippling through credit markets[LOS ANGELES] Apollo Global Management took a loss on a portion of a US$170 million asset-backed financing...
STI breaks 4,900 amid expectations for Fed to hold rates steady
[SINGAPORE] The Straits Times Index (STI) broke new ground on Tuesday (Jan 27) morning and crossed the 4,900 threshold for the first time.The benchmark index hit a historic record...
UOL up 8% at highest price in two decades after JPMorgan target price upgrade
[SINGAPORE] Shares of UOL Group climbed to their highest price in around two decades on Tuesday (Jan 27) morning, after JPMorgan raised its target price for the property developer...
Starbucks reports CEO Brian Niccol earned US$31 million in 2025
Published Tue, Jan 27, 2026 · 09:21 AM[NEW YORK] Starbucks chief executive officer Brian Niccol total compensation was US$31 million in fiscal 2025, a decline from the previous year...
Tether says it bought 27 tonnes of gold in fourth quarter
Published Tue, Jan 27, 2026 · 08:49 AM[LONDON] Tether, issuer of the world’s largest stablecoin, added about 27 tonnes of gold to its fund exposure in the fourth quarter...
Stocks to watch: ST Engineering, MLT, KIT, OUE Reit, Low Keng Huat
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 27): ST Engineering : The company on Monday announced that its Land...
Aramco raises US$4 billion in first bond sale of year
Saudi Arabia’s budget remains heavily dependent on oil revenue as the kingdom pursues an ambitious modernisation drivePublished Tue, Jan 27, 2026 · 08:15 AM[DUBAI] Saudi Aramco priced a US$4...
Chevron amasses largest fleet in almost a year to ship Venezuelan oil
The US has also enlisted traders Trafigura Group and Vitol Group to help sell as much as 50 million barrels of oilPublished Tue, Jan 27, 2026 · 07:28 AM[HOUSTON]...
AI is changing banking jobs, forcing a rethink of skills: UOB’s innovation head
Lenders must ensure employees can adapt to technology in a ‘comfortable’ way, Lee Zhu Kuang says[SINGAPORE] Lee Zhu Kuang describes himself as a “deeply curious person”. “I like to...
Microsoft’s latest AI chip to reduce reliance on Nvidia
The Maia 200 chip is being produced by Taiwan Semiconductor Manufacturing CompanyPublished Tue, Jan 27, 2026 · 06:25 AM[WASHINGTON] Microsoft is rolling out its second-generation artificial intelligence (AI) chip,...
Ubisoft set to cut up to 200 jobs headquarters in restructuring
Published Tue, Jan 27, 2026 · 06:06 AM[PARIS] Ubisoft Entertainment has entered discussions to cut as many as 200 jobs at its French headquarters as part of a reorganisation...