News
Operating autonomous vehicles in Singapore has ‘symbolic value’ despite small market size: Pony.ai CEO
It is partnering ComfortDelGro to launch commercial autonomous vehicle services in the city-state[SINGAPORE] The Chinese self-driving technology firm Pony.ai has been looking beyond the mainland Chinese market in the...
US seizes oil tanker off coast of Venezuela, Trump says
[WASHINGTON] The US has seized an oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, ratcheting up tensions with Caracas in a move that also raised oil...
Intel, AMD accused of allowing chips in Russian missiles
In the past, the chipmakers have said they fully comply with sanctions requirementsMICROCHIP manufacturers Intel, Advanced Micro Devices (AMD) and Texas Instruments were accused in a series of lawsuits...
European shares flat ahead of Fed decision; investors assess mixed corporate updates
EUROPEAN shares ended flat on Wednesday, as investors adopted a cautious stance ahead of the US Federal Reserve’s interest rate decision, while also parsing a slate of corporate announcements.The pan-European Stoxx...
Divided US Fed lowers rates by 25 bps, signals pause and one 2026 cut as growth rebounds
[WASHINGTON] The Federal Reserve cut interest rates on Wednesday in another divided vote, but signalled it will likely pause further reductions in borrowing costs as the US central bank looks...
Musk’s fortune would more than double on US$1.5 trillion SpaceX
Musk’s path to becoming a trillionaire, whether it is through Tesla or SpaceX, is not without challenges[NEW YORK] The richest man in the world could more than double his...
Customer experience tech startup Toku files preliminary prospectus for Catalist IPO
It will use the proceeds to fund R&D, market expansion and to improve its financial position[SINGAPORE] Technology startup Toku on Wednesday (Dec 10) lodged a preliminary prospectus for a...
Barclays joins bank rivals in buying stake in United Fintech
It has bought two fintechs this year, bringing its total to seven and giving it more than 200 employees across 11 locations globally[LONDON] Barclays is buying a stake in...
Temasek, top funds bid in Swiggy’s US$1.1 billion share sale
The fundraising underscores the Indian e-commerce market’s rapid expansion amid surging demand[MUMBAI] Global investors, including Temasek Holdings and Capital Group, are offering to buy shares in Swiggy, according to...
MPACT subsidiary sells Festival Walk Tower for close to HK$2 billion
[SINGAPORE] The manager of Mapletree Pan Asia Commercial Trust (MPACT) announced on Wednesday (Dec 10) that its subsidiary Festival Walk will sell Festival Walk Tower for nearly HK$2 billion...
