US FCC votes to advance wireless spectrum auction, avoid aviation standoff
WASHINGTON :The Federal Communications Commission voted 3-0 on Thursday to advance plans to auction key wireless spectrum crucial for advanced technology uses and aims to head off another confrontation between airlines and telecom companies.The FCC said it was considering whether some C-Band wireles ...
SoftBank to invest $3 billion in Ohio factory for OpenAI data center, The Information reports
SoftBank plans to invest up to $3 billion to overhaul an electric vehicle facility in Lordstown, Ohio, which will produce equipment for OpenAI’s forthcoming data centers after being remodeled, The Information reported on Thursday.The plant will manufacture equipment for data centers in Milam Count ...
Repositioning of IReit Global’s Berlin asset to have ‘significant impact’ on DPU
Janice Lim - Excluding the Berlin Campus, it has a portfolio occupancy of 89% in Q3
AI boom brings fresh risks to US markets, and more money to M&A
NEW YORK :The AI boom is bringing new risks to the financial markets as investors flock to tech stocks and executives pay steep premiums to buy AI technology they can't build in-house, warned two top finance executives.AI has become the “number one topic of conversation” for both investors ...
Germany plans to boost funding for European Space Agency, says minister
BERLIN :Germany plans to significantly increase funding for the European Space Agency, with Research Minister Dorothee Baer set to pledge up to 5 billion euros ($5.76 billion) at the ESA's conference in the north-western city of Bremen next week."It will definitely be more than three years ...
HSBC overhauls trading business in bid to become debt powerhouse
The firm will merge Group-of-10 rates trading unit with FX, EM rates and commodities desks into a new global macro division
US: Wall Street opens sharply higher after Nvidia earnings, jobs data
[NEW YORK] Wall Street’s main indexes jumped at the open on Thursday (Nov 20) as technology stocks received a boost after Nvidia’s...
Walmart jumps to Nasdaq in biggest exchange transfer on record
The move reflects the world’s biggest retailer’s technology-forward approach
IREIT Global portfolio committed occupancy at 89% for 3QFY2025
Nicole Lim - IREIT Global has reported a portfolio committed occupancy of 89% for the 3QFY2025 ended Sept 30, down from the 89.5% reported in the previous quarter. The REIT’s weighted average lease expiry (WALE) for the period came in at 5.6 years. For the period ended Sept 30, the REIT’s aggregate leverage ...
US weekly jobless claims fall; continuing claims increase
[WASHINGTON] The number of Americans filing new applications for unemployment benefits fell last week, but more out of work people are struggling...
Waymo to broaden US robotaxi footprint with moves into Minneapolis, Tampa, New Orleans
Alphabet's Waymo will expand its robotaxi operations to Minneapolis, Tampa and New Orleans in the coming days, the ride-hailing service provider said on Thursday, as it accelerates the broad rollout of its services in the U.S.The company said it will begin operations in the new markets with hum ...
Nvidia relief won't be enough to dispel tech-bubble angst
LONDON :Markets may have weathered a key Nvidia earnings test but the ability of big tech to move sentiment across markets on a dime will continue to preoccupy investors as lofty valuations persist. AI darling Nvidia on Wednesday surprised Wall Street with accelerating growth after several quarters ...
Uber partners with Starship Technologies to launch robot deliveries in UK
Uber will partner with Starship Technologies to launch autonomous robot deliveries in the UK in December, with plans to expand to additional European markets next year and the U.S. in 2027, the ride-hailing firm said on Thursday.Initially, Uber Eats customers will be able to receive Starship's ...
Global tech shares surge as Nvidia's AI boom powers market rally
Global technology shares rallied on Thursday after Nvidia's blow-out quarterly results signaled that demand for artificial intelligence hardware remains strong even as concerns of the historic boom outpacing fundamentals linger.The chip bellwether's stellar results tempered some concerns o ...
US chipmaker Marvell plans India hiring spree, R&D push to tap AI boom
BENGALURU :U.S. chipmaker Marvell Technology plans to boost hiring and research spending in India to tap surging global demand for AI infrastructure, its India head told Reuters.The company aims to grow its 1,700-strong workforce in India by 15 per cent annually over the next three years, Navin Bish ...
Forget Musk’s latest pay package, his last one could wipe out years of Tesla profits
Tesla faces potential US$26 billion profit hit if it loses its appeal over Musk’s pay ruling
India's TCS, TPG partner to invest $2 billion in AI data centre JV
India's Tata Consultancy Services and private equity firm TPG will form a joint venture to develop AI data centres, TCS said on Thursday, with both partners set to invest a total of 180 billion rupees ($2.03 billion) in equity.The capital will be invested in tranches in the JV, called HyperVaul ...
Verizon cutting more than 13,000 jobs as it restructures
WASHINGTON :U.S. wireless carrier Verizon said Thursday it will cut more than 13,000 jobs in its largest single layoff as it works to shrink costs and restructure operations.Verizon also said it plans to convert 179 corporate-owned retail stores into franchised operations and close one store.Verizon ...
Lufthansa enters race for TAP stake against Air France-KLM
TAP is of interest to bigger players due to its routes to Brazil and Portuguese-speaking Africa
Valeo "respects" Renault's discussions with a Chinese supplier for its rare earths free motor - Valeo executive
-Valeo "respects" Renault's decision to launch a discussion with a Chinese supplier for its next generation rare earths free motor, Xavier Dupont, the head of its power division said during a presentation to investors.Renault said in late 2023 it was working with Valeo on a new, more ...
Fast Retailing posts record year despite CEO Yadai calling trade war ‘totally unacceptable’
Samantha Chiew - Fast Retailing has posted a fourth straight year of record earnings, driven by strong growth at flagship brand Uniqlo and resilient margins. The group expects revenue to keep rising as its “LifeWear” concept gains traction across key markets. The group’s wider portfolio reflects this strength, ...
Luxury sparkles, yet earnings are sputtering
Samantha Chiew - Prestige brands face a slump, but experts call it a temporary, cyclical dip As fashion houses debuted their Fall/Winter 2025 collections in London, New York, Milan and Paris, the spectacle was unmistakable. Designers showcased the season’s boldest textures and retro-futurist silhouettes on catwalk ...
Why is Singapore allocating US$500 mil to Fast-P and how will it become US$5 bil?
Jovi Ho - Why is the Singapore government allocating up to US$500 million ($650.63 million) to its blended finance platform that will invest in solutions across the region? Further, is it realistic that this grant can grow up to 10 times larger with funding from other contributors? At COP30 in Belém, Brazil, ...
Defining transition finance and financing the transition
Jovi Ho - A slowdown in green, social, sustainable and sustainability-linked (GSSS) bonds issued worldwide has continued into 3Q2025, reflecting political and macroeconomic uncertainty, according to Sustainable Fitch. The number of new labelled bonds issued, as they are known, fell by over 20% q-o-q and over ...
KKR aims to raise US$15 billion in new Asia private equity fund: sources
The final size of the new fund could exceed the target based on the market response
Singdollar stays above S$1 to 120 yen mark
Shikhar Gupta - The exchange rate first crossed the threshold on Nov 19
Fresh high: Singdollar stays above S$1-to-120-yen mark
Shikhar Gupta - The exchange rate first crossed the threshold on Nov 19
Hongkong Land Q3 profit falls 13% on lower contributions from its office portfolio
Janice Lim - Company says outlook for its full-year financial results remains unchanged
IBM, Cisco outline plans for networks of quantum computers by early 2030s
The move could pave the way for a quantum Internet
Bitcoin erases 2025 gains as investors fret over the macro environment
Young Zhan Heng - As at Nov 20, cryptocurrency’s value is 2.4% lower than that at the start of the year
‘Value Unlock’ programme will help companies bridge gap with investors: industry players
Ranamita Chakraborty - Two training grants of up to S$15,000 and S$200,000 per company will be made available
Skylink announces new engineering service contract wins and new property lease signing
Nicole Lim - Skylink Holdings’ wholly-owned subsidiary has recently won new engineering service contracts and signed a new industrial property lease for capacity expansion. The group secured a maiden service contract with SBS TRansit to supply labour and materials for bus body works for two years, which covers ...
Challenges of a CLI-Mapletree get-together
Goola Warden - On Nov 19, JP Morgan analysts Mervin Song and Terence Khi said the quiet part out loud. “Investor feedback has been mixed following press reports regarding a potential combination between CapitaLand Investment (CLI) and Mapletree Investments as well as a possible carve-out of CLI’s China assets, ...
Analysis:Forget Musk's latest pay package, his last one could wipe out years of Tesla profits
Tesla's gaudy $1 trillion executive-compensation package for CEO Elon Musk has obscured a more pressing concern: Musk's 2018 pay package - still tied up in court - could eat up years' worth of the electric vehicle maker's future profits.The Delaware Supreme Court will soon decide ...
