News
US moves to deepen minerals supply chain in AI race with China
The Asian nation is home to more than 90% of global rare earths and permanent magnets refining capacity[WASHINGTON] The US will seek agreements with eight allied nations as part...
Warner Bros gets mostly cash Netflix offer in new round of bids
[NEW YORK] Warner Bros Discovery was fielding a second round of bids on Monday (Dec 1), including a mostly cash offer from Netflix, in an auction that could wrap...
Why AI is now embedded ‘in almost everything we do’: OCBC’s Praveen Raina
The bank is investing in talent and expanding research partnerships with universities[SINGAPORE] Artificial intelligence (AI) has become a catalyst for OCBC’s technology overhaul, sharply reducing the time needed to...
Oil climbs over US$1 a barrel on Opec action, Ukraine attack
Brent and WTI crude futures settled lower on Friday for the fourth straight month, their longest losing streak since 2023, as expectations for higher global supply weighed on prices[HOUSTON]...
JPMorgan doubles Swiss business by targeting wealthy clients
[ZURICH] JPMorgan doubled its Swiss domestic private banking business between 2020 and 2024 and aims to do so again by 2030 as it targets the country’s wealthiest people, a...
Wall Street opens lower ahead of Powell speech, manufacturing data
[NEW YORK] Wall Street’s main indexes opened lower on Monday (Dec 1) as investors stood on the sidelines ahead of fresh economic data and a closely watched speech from...
Sanli Environmental raises about S$10 million in placement amid record order book
[SINGAPORE] Catalist-listed Sanli Environmental raised gross proceeds of some S$10 million in its placement of nearly 38.5 million fully paid-up ordinary shares at an issue price of S$0.26 apiece....
SoftBank’s Son ‘cried’ about Nvidia stake sale to fund AI bets
The company needs to raise capital to fund projects including data centre construction[TOKYO] SoftBank Group founder Masayoshi Son said he wouldn’t have sold off Nvidia shares if his company...
UK lenders approve more mortgages than expected in October, consumer lending cools
[LONDON] British lenders approved more mortgages than expected in October, despite concerns about finance minister Rachel Reeves’ budget, and consumer credit grew at a slower pace than in September,...
Standard Chartered raises China 2026 GDP growth forecast to 4.6%
[BEIJING] Standard Chartered revised its forecast for China’s 2026 gross domestic product growth to 4.6 per cent from 4.3 per cent, citing the country’s resilient exports and continued gains...
