SoFi rolls out crypto trading as digital asset gold rush draws lenders
SoFi on Tuesday announced plans to roll out crypto trading for customers, as the multi-trillion-dollar crypto sector continues to attract traditional financial firms amid clearer regulation and growing adoption.Retail momentum and institutional entry have been boosting crypto adoption as well as dri ...
Stoneweg Europe Stapled Trust divests Slovakia portfolio for 70 million euros
Therese Soh - This comes as it focuses on Western European markets with ‘deeper liquidity and stronger tenant demand’
Santander's digital lender Openbank launches crypto trading in Spain
MADRID :Openbank, Santander's digital lender, said on Tuesday it had launched a cryptocurrency trading service in Spain, following rival BBVA.Banks are seeing growing demand from customers for crypto products after bitcoin hit record highs last month, helped by U.S. President Donald Trump' ...
BYD aims to sell up to 1.6 million vehicles abroad in 2026, Citi says
The automaker reduces the 2025 target by 16% to 4.6 million vehicles
Toyota's buyout of group firm faces new obstacle after Elliott takes stake
Elliott said the proposed deal undervalued the company, lacked transparency and fell short of proper governance practices
China’s BYD aims to sell up to 1.6 million vehicles abroad in 2026, Citi says
BEIJING: Chinese electric vehicle maker BYD aims to sell up to 1.6 million vehicles abroad next year, doubling down on overseas expansions with high double-digit growth from 2025, Citi said in a report on Tuesday (Nov 11).Overseas sales guidance of 1.5-1.6 million vehicles is up from an expected 900 ...
AI cloud firm Nebius signs $3 billion deal with Meta, posts more than four-fold rise in revenue
Nebius Group has signed a deal worth about $3 billion with Meta to provide the Facebook owner with AI infrastructure over a five-year period, the company said on Tuesday, after it reported a more than fourfold rise in third-quarter revenue.The company's shares seesawed in volatile premarket tra ...
Sea doubles profit to US$375 million for Q3
Navene Elangovan - Revenue for the group is up 38.3% to US$6 billion
Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments; more deals on the way
Sharanya Pillai - Aster is betting on ‘strategic resilience’ as it invests through the oil and gas down cycle
Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments, is hungry for more deals
Sharanya Pillai - Aster is betting on ‘strategic resilience’ as it invests through the oil and gas down cycle
Meta chief AI scientist Yann LeCun plans to exit to launch startup, FT reports
Meta's chief artificial intelligence scientist Yann LeCun is planning to leave the social media company to set up his own startup, the Financial Times reported on Tuesday, citing people familiar with the matter.LeCun is also in early talks to raise funds for a new venture, according to the repo ...
Microsoft plans to invest $10 billion in Portuguese AI data hub
LISBON :Microsoft plans to invest $10 billion in artificial intelligence infrastructure at a data centre in Portugal's port city of Sines over the next few years, marking one of the largest AI investment projects in Europe, it said on Tuesday.The technology giant will work in partnership with d ...
Microsoft plans to invest $10 billion in Portugal AI data hub, Bloomberg News reports
Microsoft will spend $10 billion on an artificial intelligence data center along the Portuguese coast, marking one of its largest European investments this year, Bloomberg News reported on Tuesday.
Telenor targets low-to-mid single-digit growth in Nordic core earnings until 2030
Norway's Telenor expects its organic core earnings from the Nordic region to grow by a low-to-mid single-digit percentage per year until 2030, the telecom operator said on Tuesday ahead of its investor day.Growth in earnings before interest, taxes, depreciation and amortisation will be supporte ...
German citizen arrested for dark web death threats against politicians
BERLIN :German police have detained a Polish-German citizen accused of running a site on the dark web that agitated for the murder of prominent politicians, prosecutors said on Tuesday. Prosecutors said the suspect, named only as Martin S. in accordance with German privacy laws, had solicited donat ...
Outlook for UOB lags DBS, OCBC amid spotlight on asset quality in Q3
Tan Nai Lun - Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income
CapitaLand Ascendas Reit to divest logistics property in Australia for S$90 million
Navene Elangovan - Sale consideration is a 17.2% premium to the original purchase price of S$76.8 million when the property was acquired in 2015
DBS CEO Tan Su Shan sees tech-led growth in China despite property slowdown
Tan says diversification is even more urgent post ‘Liberation Day’
Diversification is even more urgent post ‘Liberation Day’, says DBS CEO Tan Su Shan
Tan says when the tariffs hit, the strategy is ‘to press that diversification button even harder, especially on the demand side’
Prime US Reit raises distributable income payout ratio to at least 50%; records lower Q3 income
Therese Soh - A distribution of only 10% of the distributable income has been declared for the last two one-year periods since Jul 1, 2023,...
Prime US Reit Q3 distributable income falls 25.9% to US$6.3 million; raises distributable income payout ratio to at least 50%
Therese Soh - The payout ratio is previously 10%
AMD expected to outline plans for AI chip business at analyst day
NEW YORK :Advanced Micro Devices is expected on Tuesday to outline the company's plans for its artificial intelligence chip and systems businesses at a financial analyst day at the Nasdaq in New York. The chip designer has been attempting to expand its AI business as rival Nvidia gobbles up ma ...
Chile's endangered Humboldt penguins risk further decline, scientists say
CACHAGUA ISLAND :Chilean scientists warned of further risks to the world's shrinking population of Humboldt penguins, one of the few species that live on rocky coastlands in more temperate regions, after officials declared the species endangered.Chile's Pacific coast is home to 80 per cent ...
Vodafone to increase dividend for first time in eight years
LONDON :Vodafone's shareholders will be rewarded with the first dividend increase in eight years after a return to growth in Germany helped the European mobile and broadband operator upgrade its earnings outlook.Shares in the British company, which are trading at two-and-a-half-year highs, rose ...
SBS Transit Q3 earnings fall 20.6% due to lower interest income
Navene Elangovan - Revenue is also lower due to the loss of the Jurong West contract package to SMRT in September 2024
South Korea's state-run think tank sees no big need to cut rates
SEOUL: South Korea's state-run think tank said on Tuesday (Nov 11) there was no huge need for interest rate cuts, as it revised up a forecast for economic growth next year.The remarks came as minutes of last month's board meeting of the Bank of Korea showed that most members had expressed ...
UK unemployment at its highest since pandemic as jobs market cools
The jobless rate climbed to 5 per cent in the three months through September, up from 4.8 per cent the month before
Daily Debrief: What Happened Today (Nov 11)
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Burger King to enter China joint venture, plans to double stores
The new joint venture, Burger King China, will receive US$350 million in investment CPE
Nvidia-backed CoreWeave's shares fall as data center delay hits annual revenue forecast
CoreWeave's shares plunged nearly 9 per cent in premarket trading on Tuesday after it scaled back its annual revenue forecast due to data center hiccups despite strong demand for its artificial intelligence services.The Nvidia-backed company's margins are pressured by soaring infrastructur ...
Google to invest mid-single-digit billion amount in Germany, says industry source
BERLIN :Alphabet's Google will invest around 5 billion euros ($5.8 billion) in Germany, a source familiar with the matter told Reuters on Tuesday, in a push to expand its infrastructure and data centre capacity in Europe's largest economy.The plans include a new data centre in Dietzenbach, ...
Google to invest around $6 billion in Germany, source says
BERLIN :Alphabet's Google will invest around 5 billion euros ($5.8 billion) in Germany, a source familiar with the matter told Reuters on Tuesday, in a push to expand its infrastructure and data centre capacity in Europe's largest economy.The plans include a new data centre in Dietzenbach, ...
KKR, Singtel seek S$5 billion loan for STT GDC buyout: sources
If finalised, this deal could mark Asia’s largest-ever leveraged buyout financing in the data-centre sector
KKR, Singtel seek S$5 billion loan for STT GDC buyout
If finalised, this deal could mark Asia’s largest-ever leveraged buyout financing in the data centre sector
