Brazil court recommends two-stage auction of mega Santos port terminal in blow to Maersk
SAO PAULO, Dec 8 : Brazil's Federal Audit Court (TCU) on Monday recommended, by six votes to three, that the auction of Brazil's planned mega container terminal at the Santos port ban operators of other such terminals there from participating in the first phase of bidding, citing possible ...
Nomura sends bankers to New York, London in asset manager push
The firm currently has about 30 employees stationed abroad
‘It’s staggering’ how Singapore is always thinking ahead: JPMorgan’s Jamie Dimon in exclusive BT interview
Lee U-Wen - Global banking titan believes Singapore has big chance to be bigger financial hub; talks about succession, AI and US economy
JPMorgan’s Jamie Dimon on Singapore model, succession, AI, US economy in exclusive BT interview
Lee U-Wen - Singapore has a ‘big chance’ to become a bigger financial hub in the coming years, he says in first visit to city-state...
US economy in ‘soft landing’, though inflation won’t go away that quickly: JPMorgan CEO Jamie Dimon
Lee U-Wen - Singapore has a ‘big chance’ to become a bigger financial hub in the coming years, he says in first visit to city-state...
Most countries avoided ‘protectionist virus’ this year, but US could be ‘epicentre of downside risks’ in 2026: DBS
Sharon See - The bank’s chief economist says to watch for more ‘DeepSeek moments’ from China and high levels of FDI in Asean next year
Asia still ‘under-invested’ despite improving profits, attractive valuations: DBS
Low Youjin - Stronger income, growth and valuations point to ‘clear and present’ opportunities in Asia, says senior investment strategist
US startup seeks to reclaim Twitter trademarks 'abandoned' by Musk’s X
WASHINGTON, Dec 8 : A fledgling social media platform has asked the U.S. Patent and Trademark Office to cancel trademarks for Twitter so it can take them for itself, contending that billionaire Elon Musk’s X Corp has abandoned them.The Virginia-based startup, Operation Bluebird, said in its Decemb ...
PepsiCo plans layoffs as it looks to wrap up Elliott talks
Companies have frequently requested staff to work from home in recent years ahead of layoffs
Oil falls 2% as Iraqi oilfield production restored, Ukraine talks continue
The US has also ramped up pressure on Opec member Venezuela
US stocks end lower as investors wait for Fed rate decision
Traders are now pricing in a roughly 89% chance of a 25-basis-point rate cut on Wednesday, according to the CME’s FedWatch Tool
European shares subdued at close amid caution ahead of week’s Fed rate decision
Global markets have gained in the last few weeks on rising expectations of a Fed cut in December
Netflix, Paramount fight for Warner Bros Discovery in Hollywood power tussle
Dec 8 : Paramount Skydance launched a hostile bid worth $108.4 billion for Warner Bros Discovery, challenging a rival offer from Netflix and injecting uncertainty into the future of Hollywood's storied media company.Since 2000, the parent company of the Warner Bros movie studio has been through ...
Singapore hiring outlook hits 4-year low: survey
Deon Loke - Local employment outlook is well below the global average
Trump calls EU fine on X 'nasty one', says Europe going in 'bad directions'
WASHINGTON, Dec 8 : U.S. President Donald Trump on Monday called a fine imposed on Elon Musk's social media company X by European Union tech regulators "a nasty one" and said he did not understand how they could justify the move. X was fined 120 million euros ($140 million) by EU tech ...
Trump administration sued over removal of app for tracking immigration agents' whereabouts
Dec 8 : The developer of the most popular app used to share information about sightings of federal immigration agents sued the Trump administration on Monday, alleging free speech violations after Apple removed ICEBlock from its online store.The lawsuit was filed in federal court by Joshua Aaron, th ...
Warby Parker, Google to launch AI-powered smart glasses in 2026
Dec 8 : Warby Parker said on Monday it is collaborating with Alphabet's Google to develop lightweight AI-powered glasses, with the first product expected to launch in 2026.The announcement, made during The Android Show | XR Edition, marks the first time the companies have set a public timeline ...
Carmakers, rental and leasing firms urge EU to avoid mandatory EV fleet targets
BRUSSELS, Dec 8 : Carmakers BMW and Toyota and auto rental and leasing firms from across Europe urged the European Commission on Monday not to set mandatory targets for electric vehicle purchases for corporate fleets, arguing it would be cripplingly expensive and counter-productive.The EU executive ...
Paramount makes US$108.4 billion hostile bid for Warner Bros Discovery
The bidding war for Warner Bros continues as Paramount Skydance seeks to trump Netflix's deal.
Huge rotating structure of galaxies and dark matter is detected
WASHINGTON, Dec 8 : Scientists have observed the largest-known rotating structure in the cosmos - a gargantuan thread-like assemblage of hundreds of galaxies, gas and dark matter that makes up a filament in the macrostructure of the universe called the cosmic web.The filament, located about 140 mill ...
US dollar firms on expectations of limited Fed easing
LONDON/NEW YORK, Dec 8 : The U.S. dollar rose against major currencies on Monday in choppy trading ahead of a week packed with central bank meetings and headlined by the Federal Reserve, where an interest rate cut is all but priced in, but investors braced for signals of a milder easing cycle than e ...
US dollar gains as investors brace for 'hawkish' Fed this week
LONDON/NEW YORK, Dec 8 : The U.S. dollar rose on Monday in choppy trading ahead of a week packed with central bank meetings and headlined by the Federal Reserve, where an interest rate cut is all but priced in, but investors braced for signals of a milder easing cycle than expected.The yen, on the o ...
Moody’s downgrades Genting Bhd and two subsidiaries
Janice Lim - Move reflects Malaysian giant’s ‘already-weak position’ due to prolonged deleveraging amid slow earnings recovery, says ratings agency
Exclusive-SoftBank, Nvidia looking to invest in Skild AI at $14 billion valuation, sources say
Dec 8 : Japan's SoftBank Group and Nvidia are in talks to invest in Skild AI, in a more than $1 billion funding round that could value the maker of foundation models for robots at around $14 billion, according to sources and a term sheet seen by Reuters.If successful, the funding will be at nea ...
Singtel’s share price correction offers ‘better value’, says Citi with higher TP of $5.08
Felicia Tan - Citi Research analysts Arthur Pineda and Luis Hilado have resumed their coverage on Singapore Telecommunications (Singtel) with a “buy” call and higher target price of $5.08 after the brokerage suspended ratings. Citi last had a “buy” call on the telco and a target price of $4.92 in Septembe ...
Private credit, core-plus infrastructure could offer ‘good risk-reward’ in 2026: Temasek CEO
Renald Yeo - The appeal lies in the stable cash yields such assets generate over time
US stocks open higher as investors await Fed rate cut decision
[NEW YORK] Wall Street’s main indexes opened modestly higher on Monday (Dec 8) as investors priced in expectations that the Federal Reserve...
IBM accelerates cloud drive with US$11 billion Confluent deal as AI demand booms
Confluent provides technology needed to manage massive, real-time data streams for artificial intelligence models
Paramount makes $108.4 billion hostile bid for Warner Bros Discovery
Dec 8 : Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant.Netflix had emerged victorious on Friday from a weeks-long bidd ...
Indonesia fines dozens of palm oil, mining companies US$2.3 billion for operating in forest areas
The task force handed over 1.5 million hectares of plantations to state firm Agrinas Palma Nusantara
Trump comments raise doubts over Netflix's $72 billion deal with Warner Bros
Dec 8 : Netflix's $72 billion Warner Bros deal led to several price target cuts by Wall Street analysts as U.S. President Donald Trump warned of market-share concerns, underscoring the tough scrutiny that the acquisition is likely to face.The deal that combines the world's largest streamin ...
India's Tata signs up Intel as major customer for $14 billion chip foray
(Corrects headline and paragraph 1 to say that Intel is one of the major customers, not the first)Dec 8 : India's Tata Electronics has secured Intel as a prospective customer for its upcoming chip facilities, potentially signalling the U.S. chipmaker's confidence in India's manufactur ...
India's Tata signs up Intel as first major customer for $14 billion chip foray
Dec 8 : India's Tata Electronics has secured Intel as the first prospective customer for its upcoming chip facilities, potentially signalling the U.S. chipmaker's confidence in India's manufacturing ambitions.The electronics-manufacturing arm of the 156-year-old salt-to-software Tata ...
IBM accelerates cloud drive with $11 billion Confluent deal as AI demand booms
Dec 8 : IBM said on Monday it will buy data infrastructure company Confluent in a deal valued at $11 billion, ramping up its cloud-computing offerings to capitalize on an AI-driven demand boom. Big Blue, under CEO Arvind Krishna, has doubled down on M&As to beef up its cloud and software busines ...
