News
International oil companies push for quick reforms in Venezuela to give them control over oil exports
The companies are also seeking to remove extra taxes introduced by the government[HOUSTON] Oil executives and lawyers for international oil companies are lobbying the US and Venezuelan governments for...
Bank of Japan keeps yen watchers on edge for rate-hike clues
Yen weakness and negative real rates risk fuelling inflation, leaving the BOJ behind the curve[TOKYO] The upcoming Bank of Japan (BOJ) meeting offers scope for sharp movements in the yen as...
OpenAI to test ads in ChatGPT in bid to boost revenue
The move marks a major departure for the company that had so far relied on subscriptionsOpenAI said it would start showing ads in ChatGPT to some US users, ramping...
Musk seeks up to US$134 billion damages from OpenAI, Microsoft
ELON Musk wants OpenAI and Microsoft to pay him damages in the range of US$79 billion to US$134 billion over his claims that the generative AI company defrauded him...
Venezuelan banks will get US$300 million of oil money to sell on exchange market: sources
FOUR Venezuelan banks were notified this week by the country’s government that they will split US$300 million of oil revenues deposited in an account in Qatar, enabling them to...
Oil prices settle up as US begins holiday weekend
[HOUSTON] Oil prices settled higher on Friday as some investors covered short positions ahead of the three-day Martin Luther King holiday weekend in the US and lingering worries about a...
Stamford Land unit is being sued over alleged defects in Sydney project
The claims involve alleged deficiencies in the design and construction of Macquarie Park Village[SINGAPORE] Stamford Land on Friday (Jan 16) announced that its wholly owned subsidiary HSH Hotels (Australia)...
S&P 500, Nasdaq open higher as chip stocks extend rally
[NEW YORK] The S&P 500 and the Nasdaq opened stronger on Friday (Jan 16) as chipmakers returned to the driver’s seat in a volatile week that also marked the...
SIA, Air India ink pact for commercial cooperation
The airlines are exploring ways to enhance privileges beyond the current Star Alliance and KrisFlyer programmes [SINGAPORE] Singapore Airlines (SIA) has signed a commercial cooperation framework agreement with Air...
Bank of Japan says sales of its ETF holdings to start next week
[TOKYO] The Bank of Japan said it will start selling its holdings of exchange-traded funds on Monday (Jan 19), a project that may take more than a century if...
