Nvidia takes $2 billion stake in Synopsys as AI deal spree accelerates
Dec 1 : Nvidia has invested $2 billion in chip design software maker Synopsys as part of an expanded multi-year tie-up to jointly develop new tools for designing products across industries using its AI technology.The deal, unveiled by the companies on Monday, adds to Nvidia's slew of new partne ...
Nvidia invests $2 billion in chip design software provider Synopsys
Dec 1 : AI chip leader Nvidia has invested $2 billion in semiconductor design software provider Synopsys, adding to its slew of new partnerships in the artificial intelligence ecosystem amid concerns of increasingly circular deals. The world's most valuable firm has invested billions of dollars ...
Sanli Environmental raises $10 mil from placement share exercise; appoints new non-executive chairman
Nicole Lim - Sanli Environmental has raised gross proceeds of about $10.008 million following the completion of the placement of 38,492,404 placement shares at 26 cents each. The SGX-Catalist listed company intends to use net proceeds primarily for general working capital purposes, including to support the execu ...
Bitcoin drops 5% below US$90,000; bearish factors rack up
LONDON: Bitcoin fell below US$90,000 on Monday (Dec 1), as a selloff gathered pace following the steepest monthly decline since mid 2021, as renewed risk aversion drove investors out of stocks and digital assets.The world’s largest cryptocurrency fell by as much as 6.1 per cent at one point. By 11 ...
BYD sales drop for third month as EV competition heats up
The decline is particularly notable as it comes during what is supposed to be a busy period
Indian e-commerce firm Meesho leans on AI, new business lines to drive growth
BENGALURU, Dec 1 : SoftBank-backed Indian e-commerce firm Meesho is doubling down on artificial intelligence and new business lines to expand its user base and move towards profitability, founder and CEO Vidit Aatrey told Reuters in an interview.The firm, which is seeking a valuation of up to $5.6 b ...
Hive by Income to help roll out bite-sized insurance in Thailand
Genevieve Cua - Dhipaya Insurance hopes to expand access to insurance among younger consumers
SoftBank’s Son ‘cried’ about Nvidia stake sale to fund AI bets
The company needs to raise capital to fund projects including data centre construction
South Korean police probe massive data leak at Coupang
SEOUL: South Korean police said on Monday (Dec 1) that they are tracing IP addresses and looking into possible tech vulnerabilities at Coupang after the e-commerce giant suffered the
Stocks finish lower, US yields rise as investors take breather to assess Fed moves
NEW YORK, Dec 1 : Global shares fell and U.S. Treasury yields rose on Monday as investors took a breather following five straight sessions of gains and ahead of key economic data that could support bets on Federal Reserve interest rate cuts.Equities on Wall Street finished lower, with utilities, hea ...
Stocks fall, US yields rise as investors take breather to assess Fed moves
NEW YORK, Dec 1 : Global shares fell and U.S. Treasury yields rose on Monday as investors took a breather following five straight sessions of gains and ahead of key economic data that could support bets on Federal Reserve interest rate cuts.Equities on Wall Street were trading lower, with utilities, ...
Wall Street futures fall, yen boosted by Japan rate hike bets
PARIS, Dec 1 : European stock markets fell on Monday and Wall Street futures pointed to further losses, while the yen and Japanese government bond yields got a boost from comments suggesting the central bank could hike interest rates.Equities were jittery in November, but strengthened in the past we ...
European stocks fall, yen boosted by Japan rate hike bets
PARIS, Dec 1 : European stock markets fell on Monday, pulling back from recent gains, while the yen and Japanese government bond yields got a boost from comments suggesting the central bank could hike interest rates.Equities were jittery in November, but strengthened in the past week, helped by trad ...
Wee Hur issues $30 million 4.80% fixed rate notes due 2030 as part of $500 mil multicurrency medium term programme
Nicole Lim - Wee Hur Holdings has issued $30 million in aggregate principal amount of 4.80% fixed rate notes due 2030 as part of its $500 million multicurrency medium term programme. This set of notes are composed in series 001 tranche 002, and to be consolidated and form a single series with the existing $175 m ...
EDB, IMDA launch second exercise to expand data-centre capacity
Chloe Lim - At least 200 MW of capacity will be made available from this initiative
Saudi Arabia aims to draw in more Japanese investment, PIF governor says
DUBAI, Dec 1 : Saudi Arabia wants to bring in more Japanese companies as it looks to attract foreign investment to back its ambitious economic diversification plans, the governor of its sovereign wealth fund said on Monday.Saudi Arabia is preparing to shift its nearly $925 billion Public Investment ...
Daily Debrief: What Happened Today (Dec 1)
Stories you might have missed
UK lenders approve more mortgages than expected in October, consumer lending cools
[LONDON] British lenders approved more mortgages than expected in October, despite concerns about finance minister Rachel Reeves’ budget, and consumer credit grew...
Singapore shares rise marginally as investors turn cautious ahead of Fed decision
Tay Peck Gek - Decliners beat gainers 279 to 271 across the broader market, as 1.3 billion securities worth S$1.4 billion are transacted
Ukraine developing independent AI system with Google open technology, ministry says
Dec 1 : Ukraine is developing a large language model using Google's open-weight Gemma framework, aiming to create an independent system for artificial intelligence operations amid rising demand across military and civilian sectors, the country's digital ministry and mobile operator Kyivsta ...
China’s slow-motion stock rally starts to win investor trust
Blue-chip index CSI300 has matched the S&P 500 with a roughly 16% year-to-date gain
India orders smartphone makers to preload state-owned cyber safety app
Smartphone companies have 90 days to ensure the app is pre-installed on new mobile phones
Standard Chartered raises China 2026 GDP growth forecast to 4.6%
It cited the country’s resilient exports and continued gains in productivity
Hong Kong Oct retail sales rise 6.9%, sees support from visitor growth
HONG KONG, Dec 1 : Hong Kong's retail sales by value rose 6.9 per cent in October from a year earlier, the sixth month of gains, as recovery in retail sales gathered strength and sales of most broad retail outlet types continued to grow, government data showed on Monday.Sales increased to HK$35 ...
Thai central bank proposes new foreign-exchange rules to ease pressure on baht
BOT is also tightening scrutiny of gold-related flows
Airbus says most of its recalled 6,000 A320 jets now modified
PARIS: Airbus fleets were returning towards normal operations on Monday (Dec 1) after the European planemaker pushed through abrupt software changes faster than expected, as it wrestled with safety headlines long focused on rival Boeing. Dozens of airlines from Asia to the United States said they h ...
Apple trying to stall India antitrust case by challenging penalty law, watchdog says
NEW DELHI, Dec 1 : Apple is seeking to block antitrust proceedings in India by challenging a law that allows penalties to be calculated on global turnover, the country's competition regulator said, escalating tensions between New Delhi and the U.S. tech giant.The iPhone maker last month challen ...
Apple trying stall India antitrust case by challenging penalty law, regulator says
NEW DELHI, Dec 1 : Apple is attempting to stall antitrust proceedings against the company by challenging India's antitrust penalty law, India's antitrust regulator told a New Delhi court in response to the tech company's legal challenge. Apple last month challenged India's antitr ...
Malaysia’s Perodua unveils US$19,000 EV, battery not included
The vehicle cost RM800 million (S$250.7 million) to develop
Asian markets mixed as traders eye US data ahead of Fed decision
HONG KONG: Asian equities were mixed Monday (Dec 1) with investors awaiting the release of key US data that could play a role in Federal Reserve deliberations ahead of an expected interest rate cut next week.After November's end-of-month rebound across world markets, confidence remains high ami ...
OCBC customers can make payments via WeChat Pay QR codes in mainland China from 1Q2026
Jovi Ho - Oversea-Chinese Banking Corporation (OCBC) will become the first Singapore bank to enable customers to scan-and-pay all merchant QRs in mainland China through its Singapore mobile banking app. This stems from an expanded partnership with UnionPay International, formalised on Nov 28 in Shanghai. Acco ...
Thai central bank planning measures to ease strong baht, sees room for rate cuts
BANGKOK, Dec 1 : Thailand's central bank is planning measures to ease the upward pressure on the baht, including having banks tighten their controls on gold-related foreign exchange transactions and requiring major gold traders to supply their transaction data.The baht has strengthened by 7 per ...
UOBKH says buy these 5 blue-chip reits, predicts S-Reits poised for upturn
Chloe Lim - Brokerage also favours Lendlease, CLAR and CLAS, citing safe haven liquidity inflow into Singapore, lower cost of debt
Keppel DC Reit, Keppel Reit among top picks in re-rating of S-Reits by UOBKH
Chloe Lim - Brokerage also favours Lendlease, CLAR and CLAS, citing safe haven liquidity inflow into Singapore, lower cost of debt
