Alpina to delist on Dec 4 as court gives green light to joint privatisation by CEO, executive director and Savills Singapore
Therese Soh - The scheme consideration comprises a payment of S$0.31 per share in cash and S$0.06 per share in cash by way of a...
Brookfield seeks $10 billion for new AI infrastructure fund, WSJ reports
Brookfield Asset Management is targeting $10 billion in equity for its new AI infrastructure fund, launching a new strategy aimed at investing in infrastructure tied to artificial intelligence, the Wall Street Journal reported on Wednesday.The Canadian investment firm has already raised $5 billion f ...
India's Fractal Analytics bets heavily on R&D in AI race ahead of IPO
(Refiles to add editing credit)By Komal SalechaIndian enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development spending ahead of its market debut for which a date has not yet been set, a top executive said.Fractal, which specialises in AI-driven
Faith-based tech platform Gloo raises $72.8 million in US IPO
Gloo Holdings said on Wednesday that it has raised $72.8 million in its U.S. initial public offering, setting the stage for a rare debut by a software provider for the faith-based ecosystem in a market dominated by AI and crypto firms.The Boulder, Colorado-based company sold 9.1 million shares price ...
Foreigners turn net sellers of Indonesian bonds on fiscal fears
Indonesia is now the only South-east Asian market seeing net foreign bond outflows this year
Hedging costs ‘becoming too much’ as US dollar weakens, says Temasek chief
Renald Yeo - However, rotating out of US equities is ‘not easy’, adds executive director and CEO Dilhan Pillay
KKR opens Abu Dhabi office in deepening foray into Middle East
Other private equity firms have been expanding in the region too
‘Remote possibility’ that USD loses reserve currency status: GIC CEO
Jovi Ho - GIC CEO Lim Chow Kiat sees a “remote possibility” that the US dollar will lose its reserve currency status. “There are some challenges with regard to debt and fiscal position. Growth is very important; it does seem like a lot of things are riding on AI to get growth. There’s a lot of relianc ...
Economic Strategy Review aims to give mid-term update, ‘get some funding’ at Budget
Low Youjin - The review committees will consolidate ideas and put up final recommendations by mid-2026
Majority of affluent Singaporeans fear their wealth won’t last beyond next generation: poll
Tan Weizhen - About 75% also worry their heirs are not financially equipped to manage inherited assets
Google DeepMind to open new AI research lab in Singapore
[SINGAPORE] Google DeepMind said on Wednesday (Nov 19) it is opening a new artificial intelligence research lab in Singapore that will focus...
JPM launches USD onchain deposit token, which acts like a bank deposit
Goola Warden - At Singapore Fintech Festival (SFF) 2025, JP Morgan launched its JP Morgan Coin, a USD-denominated token (JPM Coin) for institutional clients to enable them to make “onchain native digital payments”, which serve as a digital representation of a bank deposit on a public blockchain. JP Morgan laun ...
HSBC CEO sees fragmented world with more strategic assets
Ambereen Choudhury & Adam Haigh / Bloomberg - (Nov 19): HSBC Holdings chief executive officer Georges Elhedery sees a fragmented world with more “national security assets” from data to semiconductors, but said that cross-border trade still presents the lender with massive opportunities. Despite all the looming challenges, there will still b ...
Google DeepMind sets up Singapore lab to strengthen Asia Pacific’s role as an AI builder
Nurdianah Md Nur - Google DeepMind has opened a new research lab in Singapore to help strengthen Asia Pacific’s role as a creator of artificial intelligence (AI) rather than merely a consumer of it. The new facility, which has begun hiring, will bring together research scientists, software engineers and AI impact sp ...
Musk’s xAI in advanced talks to raise $15 billion at $230 billion valuation, WSJ reports
Elon Musk’s artificial-intelligence startup xAI is in advanced talks to raise $15 billion in fresh equity at a valuation of $230 billion, the Wall Street Journal reported on Tuesday.The fundraising terms were outlined to investors by Musk’s wealth manager, Jared Birchall, on Tuesday night, the r ...
Musk’s xAI in advanced talks to raise $15 billion, lifting valuation to $230 billion, WSJ reports
Elon Musk’s artificial-intelligence company, xAI, is in advanced talks to raise $15 billion in new equity at a $230 billion valuation, the Wall Street Journal reported on Tuesday.The terms of the new fundraising were disclosed to investors by Musk’s wealth manager, Jared Birchall, on Tuesday nig ...
US charges 8, including 2 Singaporeans in global insider-trading scheme
[BOSTON] US prosecutors on Tuesday unveiled charges against eight men accused of belonging to a global network that made tens of millions of dollars...
Oxford Economics says US economic exceptionalism will not end in 2026
Kwan Wei Kevin Tan - US economic exceptionalism will not end in 2026, and will likely continue, states Ben May, director of global macro research at Oxford Economics, in a note published on Nov 18. “Notwithstanding the uncertainty arising from Donald Trump's US presidential victory a year ago, we believed world G ...
Asia: Markets bounce as Nvidia takes centre stage amid AI bubble fears
ASIAN investors battled on Wednesday to kickstart a recovery in equities following the latest stagger across world markets that has been caused...
RHB upgrades CDL to ‘buy’, raises its target price on residential strength, asset divestments
Deon Loke - It raises the target price to S$8.50 from S$4.90
UltraGreen.ai aims to raise US$400 million in Singapore IPO, term sheet shows
The company is building an AI-powered surgical intelligence platform
Asian markets bounce as Nvidia takes centre stage amid AI bubble fears
HONG KONG: Asian investors battled Wednesday (Nov 19) to kickstart a recovery in equities following the latest stagger across world markets that has been caused by worries over an AI-fuelled bubble and uncertainty over US interest rates.Stocks have endured a tough November as speculation has grown t ...
Netgear accused by rival of China smear to fan security fear
The suit comes as TP-Link faces growing scrutiny in Washington over national-security issues
UOB Kay Hian’s Loh raises target price for Yangzijiang Shipbuilding to $4.10 following 3QFY2025 business update
Teo Zheng Long - Adrian Loh of UOB KayHian has turned more bullish on Yangzijiang Shipbuilding, with a new target price of $4.10 from $3.90 previously following the company’s 3QFY2025 business update, where besides operational improvements, additional contracts are likely to be in the bag by end of the year. Accor ...
Today’s ‘geopolitical climate change’ the result of ‘long-held, deep convictions’: Balakrishnan
Jovi Ho - The “messy transition” in international relations today is not a localised storm but the broad impact of “geopolitical climate change”, says Foreign Affairs Minister Vivian Balakrishnan. “It’s like an iceberg or a continental ice shelf falling but actually, climate warming has predated t ...
English youngsters turn to AI for advice: survey
AROUND 40 per cent of young people in England turn to artificial intelligence for advice, support or company, despite many yearning for...
South-east Asia increasingly targeted by cybercrime groups to launch global attacks: report
Sudeshna Dhar - Cybersecurity firm Mimecast attributes 77% of all attacks in 2025 to phishing, up from 60% in 2024
Volkswagen pares India EV development costs amid hunt for a partner
The spending cuts also reflect growing caution among global carmakers balancing investment between India, China and western markets
Elon Musk, Jensen Huang to talk AI at US-Saudi investment forum
WASHINGTON :Tesla CEO Elon Musk and Nvidia CEO Jensen Huang will take part in a discussion on advances in artificial intelligence at a U.S.-Saudi Arabia investment forum in Washington on Wednesday, according to a document seen by Reuters. "This conversation will explore the emerging forces shap ...
Oil prices fall as rising US inventories reinforce oversupply concerns
BEIJING :Oil prices fell on Wednesday as an industry report showing crude and fuel inventories rose last week in the U.S., the world's biggest crude consumer, reinforced mounting concerns that supply is exceeding demand in the market. Brent crude futures dropped 28 cents, or 0.43 per cent, at $ ...
Gold steady as focus turns to Fed minutes, US jobs report
Global equity markets have turned sharply negative this week
DBS reaffirms Malaysia's outlook but flags US chip tariffs as downside risk
Eng Wen Tzer / The Edge Malaysia - DBS has set a 4.2% growth forecast for Malaysia in 2027 and maintained its 4% estimate for 2026, but cautioned about the external outlook, especially US tariffs on the semiconductor sector. The bank also kept its 2026 inflation target for the country at 2.0% through 2027, with an anticipated 25-basi ...
Warner Bros Discovery wants Paramount to raise its offer to US$30 per share, Axios reports
The company said in October it has been considering a range of options
Singapore eldercare startup Aire eyes Malaysia expansion as revenue hits seven figures
Tessa Oh - Within two years, it has secured shelf space for its adult incontinence products in 100 outlets including FairPrice and Sheng Siong
