News
More than 6 in 10 retail investors in Singapore hold crypto, but allocation size conservative: survey
[SIINGAPORE] Sixty-one per cent of retail investors in Singapore own cryptocurrency, but crypto allocation remains low, as crypto makes up less than 10 per cent of most portfolios.These findings...
Investing? Look beyond the S&P 500, says The Library of Mistakes’ founder
BT exclusive: The concept dedicated to the study of financial history comes to Singapore in 2027[SINGAPORE] In the 1820s, more than 200 people sailed across the Atlantic Ocean from...
Institutions net sellers of Singapore stocks, reversing previous week’s net inflow
[SINGAPORE] Over the five trading sessions from Nov 14 to 20, institutions were net sellers of Singapore stocks, with net institutional outflow of S$131 million. This partially reversed the...
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...
TPG, Warburg weigh US$500 million stake in India-rooted Sirion
[MUMBAI] TPG Capital and Warburg Pincus are in early talks to buy a stake in Sirion Labs, a Partners Group Holding-backed software business managing and automating contracts, according to...
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...
European shares log a weekly decline, defence stocks slide
[BENGALURU] European shares slid on Friday (Nov 21) and registered a weekly decline as concerns over stretched tech valuations came to the fore again, while defence stocks weakened amid...
US: Wall St opens higher as December rate cut bets strengthen
[NEW YORK] Wall Street’s main indexes opened higher on Friday (Nov 21) as traders raised bets on an interest rate cut by the Federal Reserve in December following commentary...
IMDA to co-fund deployment of robots by 500 firms over next 3 years
The authority’s support will focus on improving integration and interoperability[SINGAPORE] Five hundred local enterprises will receive support from the Infocomm Media Development Authority (IMDA) in their deployment of autonomous...
