Astronomers spot white dwarf star creating a colorful shockwave
WASHINGTON, Jan 12 : Astronomers have observed a white dwarf - a highly compact Earth-sized stellar ember - that is creating a colorful shockwave as it moves through space, leaving them searching for an explanation.The highly magnetized white dwarf is gravitationally bound to another star in what is ...
US-Taiwan near trade deal to lower tariff, boost TSMC facilities, NYT reports
WASHINGTON, Jan 12 : The Trump administration is nearing a trade deal with Taiwan to reduce its tariff rate to 15 per cent and commit Taiwan Semiconductor Manufacturing Corporation to building at least five more facilities in Arizona, the New York Times reported on Monday, citing three people famili ...
12 strata retail units at Bukit Timah Shopping Centre up for sale at $40 mil
Jovi Ho - A portfolio of 12 strata retail units within Bukit Timah Shopping Centre is up for sale at a combined indicative price of $40 million, according to Colliers, the exclusive marketing agent for the transaction. The portfolio has been divided into four clusters, each comprising two to six strata units, ...
QXO secures US$1.8 billion financing led by Temasek, Apollo amid building products consolidation
The latest funding takes the total investment in the company to US$3 billion
Alphabet hits $4 trillion valuation as AI refocus lifts sentiment
Jan 12 : Alphabet hit a $4 trillion market valuation on Monday, as the Google parent's sharpened artificial intelligence focus allayed doubts about its strategy and thrust it back to the forefront of the high-stakes race.The tech giant on Wednesday surpassed Apple in market capitalization for t ...
Meta to exclude Italy from rival chatbot ban on WhatsApp
BRUSSELS, Jan 12 : Meta Platforms will exclude Italy from its ban on rival AI chatbots on WhatsApp following an order from the country's antitrust authority, according to a notice sent to AI providers and developers seen by Reuters.The Italian watchdog AGCM last month ordered Meta to suspend it ...
Morocco targets $10 billion AI contribution to GDP by 2030
RABAT, Jan 12 : Morocco is targeting a 100 billion dirhams ($10 billion) boost to its gross domestic product from artificial intelligence by 2030, the minister in charge of digital transition said on Monday, as the country steps up its investment in training programmes, sovereign data centres and cl ...
Goldman, JPMorgan and UBS lead Golden Goose’s buyout debt
Temasek Holdings will take a minority stake in the Italian high-end sneaker producer
Wall Street falls at open on worries over Fed autonomy
[NEW YORK] Wall Street’s main indexes opened lower on Monday (Jan 12) after the Trump administration renewed its attacks on the Federal...
How Trump’s proposed cap on credit card rates could reshape consumer lending
It could wipe out billions of dollars in interest income for banks and card issuers, and result in them tightening credit boxes
Meta hires ex-Trump adviser Dina Powell McCormick as president, vice-chairman
She will guide overall strategy with a particular focus on Meta’s AI infrastructure efforts
Former Trump adviser Dina Powell McCormick named Meta's president
Jan 12 : Meta Platforms on Monday named former Trump administration official Dina Powell McCormick as its president and vice chairman, boosting the company's lobbying efforts in the U.S. capital.President Donald Trump congratulated Powell McCormick in a post on his Truth Social account minutes ...
Meta appoints former Trump adviser Dina Powell McCormick as president
Jan 12 : Meta Platforms on Monday named Dina Powell McCormick, a former senior official in U.S. President Donald Trump’s first administration, as its president and vice chairman.Powell McCormick, who spent 16 years in senior leadership roles at Goldman Sachs, served as deputy national security adv ...
Former Trump adviser Dina Powell McCormick joins Meta as president and vice chairman
Jan 12 : Meta Platforms on Monday named Dina Powell McCormick as its president and vice chairman, weeks after the former top adviser to U.S. President Donald Trump resigned from the social media company's board.Powell McCormick, who spent 16 years in senior leadership roles at Goldman Sachs, ha ...
StanChart is preparing crypto expansion with prime brokerage
It will house the new business within its wholly owned venture capital unit, SC Ventures
EU sets out firm conditions for China EVs to avoid tariffs
BRUSSELS: The European Commission set out the conditions on Monday (Jan 12) under which China-based electric vehicle makers can replace EU tariffs with commitments to sell at minimum prices and said it would take into account Chinese EV investments in the bloc.For Beijing, the tariffs
Volkswagen drops to third in China sales as fast-growing Geely Auto pips it
Legacy foreign carmakers such as Volkswagen have ceded share to Chinese rivals due to a slower shift to EVs
Crypto firm BitGo eyes up to $1.96 billion valuation in US IPO
Jan 12 : Crypto custody startup BitGo said on Monday it was targeting a valuation of up to $1.96 billion in its U.S. initial public offering, seeking to tap into the investor appetite for crypto firms.The Palo Alto, California-based firm and some of its existing shareholders are looking to raise as ...
Crypto custody startup BitGo aims to raise about $201 million in US IPO
Jan 12 : BitGo is seeking to raise up to $201 million in its U.S. initial public offering, the crypto custody startup said in a regulatory filing on Monday.The Palo Alto, California-based firm and some of its existing shareholders are offering 11.8 million shares priced between $15 and $17 each.The ...
Petronas seeks court clarity on Sarawak operations in gas licensing dispute
Sarawak’s push to control gas sales has raised concerns about potential revenue losses for the national energy firm
China Yuchai acquires 83.9 mil shares in Nanyue Diankong Industrial Tech Company for RMB176.2 mil
Nicole Lim - China Yuchai International, a subsidiary of mainboard-listed Hong Leong Asia, has acquired 83,918,495 shares of Nanyue Diankong (Hengyang) Industrial Technology Company (NYDK), approximately RMB176.2 million ($32.48 million) in cash. The company, which is listed on the NYSE, is now the second larges ...
Duolingo CFO Matt Skaruppa to step down after nearly six years
Jan 12 : Duolingo said on Monday that Chief Financial Officer Matt Skaruppa will step down after nearly six years in the role, marking the departure of a key executive who helped the language-learning app maker go public.During his tenure, the company saw consistent revenue growth and improving prof ...
UK tech minister welcomes Ofcom's investigation into X over Grok sexualised imagery
LONDON, Jan 12 : British technology minister Liz Kendall said on Monday she welcomed the media regulator Ofcom's investigation into X over sexualised imagery produced by the Grok AI chatbot "It is vital that Ofcom complete this investigation swiftly because the public – and most importan ...
Competition watchdog not yet notified of Clementi Mall sale, CapitaLand-Mapletree merger
Elysia Tan - Informing the authority in such cases is voluntary, but CCS will monitor both developments, says minister
India's HCLTech narrows annual revenue forecast on deal momentum
BENGALURU, Jan 12 : Indian software services exporter HCLTech narrowed its annual revenue growth forecast on Monday on the back of a growing deal book and after a slight quarterly revenue beat.The IT firm's revenue rose 13.3 per cent from a year earlier to 338.72 billion rupees ($3.8 billion) i ...
India's HCLTech beats quarterly revenue view on banking, technology boost
BENGALURU, Jan 12 : Indian software services exporter HCLTech reported a higher-than-expected third-quarter revenue on Monday on the back of performance in its banking and technology verticals.Consolidated revenue increased 13.3 per cent from a year earlier to 338.72 billion rupees ($3.8 billion) in ...
India's HCLTech beats third-quarter revenue view
BENGALURU, Jan 12 : Indian software services exporter HCLTech reported higher-than-expected third-quarter revenue on Monday on the back of performance in its IT and business services segment.Consolidated revenue increased 13.3 per cent from a year earlier to 338.72 billion rupees ($3.76 billion) in ...
JPMorgan forecasts 2027 Fed hike; Barclays, Goldman postpone rate cut calls
Data suggests the labour market is holding, aiding belief that the Fed will leave borrowing costs unchanged at its January meeting
Not another dotcom bubble: DBS CIO doubles down on AI, healthcare
Young Zhan Heng - Hou Wey Fook is confident that AI-related optimism is based on sound fundamentals
Investors anxious over make-or-break fight for US Fed
The growing rift shows Trump’s push to reshape institutions is bearing down on a pillar of US financial strength
Investors anxious over make-or-break fight for the Fed
The growing rift shows Trump’s push to reshape institutions is bearing down on a pillar of US financial strength
Singapore Exchange proposes bond futures for India, South-east Asia
Discussions reflect growing interest in the region’s debt markets
Temasek and GIC's returns 'reasonable' and 'within expectations'
The Edge Singapore - Both GIC and Temasek Holdings have made reasonable returns that are within expectations, given their respective mandates and risk profiles. "Our focus has always been on long-term performance, rather than on short-term or year-to-year fluctuations," Jeffrey Siow, speaking as senior ministe ...
Singapore convenes committee to review ministerial salaries
Tessa Oh - The current salary structure and benchmark has not been updated since 2012; the last review in 2023 was deferred amid uncertain economic...
