Amazon taps veteran Peter DeSantis to lead AI, chip and quantum push
Dec 17 : Amazon on Wednesday tapped long-time cloud executive Peter DeSantis to lead a new unit that would oversee its most advanced technologies, including artificial intelligence models, custom silicon and quantum computing.DeSantis, who has been with the company for nearly three decades, has led ...
Stock indexes fall on AI angst while gold and silver rise with oil
NEW YORK/LONDON, Dec 17 : MSCI's global equities gauge fell on Wednesday, pressured by U.S. technology stocks, while silver prices hit a record high and gold rose for a seventh straight day on renewed hopes for Federal Reserve rate cuts and after U.S. President Donald Trump's latest move i ...
Stock indexes fall while gold and silver rise with oil
NEW YORK/LONDON, Dec 17 : MSCI's global equities gauge fell with pressure from U.S. technology stocks while silver prices hit a record high and gold was angling for its seventh gain in a row on renewed hopes for Federal Reserve rate cuts and after U.S. President Donald Trump's latest move ...
Oracle data centre plan hit as Blue Owl walks from US$10 billion deal: source
Blue Owl’s discussions with lenders and Oracle for an OpenAI-linked Michigan data centre stall after failed negotiations
Exclusive-Google works to erode Nvidia's software advantage with Meta's help
Dec 17 : Alphabet's Google is working on a new initiative to make its artificial intelligence chips better at running PyTorch, the world’s most widely used AI software framework, in a move aimed at weakening Nvidia's longstanding dominance of the AI computing market, according to people ...
Netflix to add soccer video game based on FIFA World Cup next year
Dec 17 : Netflix on Wednesday said it will add a soccer simulation title to its gaming portfolio, as the streaming giant looks to leverage the FIFA World Cup 2026 tournament to deepen its video game push. The soccer title will be developed and published by Delphi Interactive, which is also helping c ...
Brazil to get satellite internet from Chinese rival to Starlink in 2026
BRASILIA, Dec 17 : Chinese low Earth orbit satellite company SpaceSail will start providing internet access to remote areas in Brazil in the first half of 2026, President Luiz Inacio Lula da Silva's chief of staff, Rui Costa, said on Wednesday.SpaceSail and Brazil's state-owned telecom Tel ...
SICCI calls for foreign worker quota review for sectors with ‘chronic’ manpower crunch in Budget 2026 wish list
Sharon See - The Singapore Indian Chamber of Commerce and Industry makes six key recommendations in its proposal ahead of Budget 2026
Wall Street subdued at open as investors eye policy outlook; Oracle slides
[NEW YORK] Wall Street’s main indexes were subdued at the open on Wednesday (Dec 17) as investors searched for fresh clues to...
MetaOptics raises gross proceeds of $4.85 mil from share placement exercise
Nicole Lim - MetaOptics has raised gross proceeds of $4.85 mil following the allotment and issuance of 6.68 million shares. Following completion of the proposed placement, the total issued and paid-up share capital of MetaOptics has increased from 235,963,232 shares to 242,648,260 shares. The placement shares ar ...
Coupang founder faces legal action for skipping South Korean hearing on data breach
Coupang Inc CEO and chairman Bom Kim cited his overseas residence and commitments as head of a global company operating in more than 170 countries.
King Wan Corporation enters subscription agreement with three subscribers for 70 mil new shares at 5 cents per share
Nicole Lim - King Wan Corporation has entered into a subscription agreement with three subscribers for 70,000,000 new ordinary shares in the capital of the company at 5 cents per share. The company is set to raise $3,500,000 from the placement share exercise. The issue price of 5 cents per placement share repres ...
Acrophyte Hospitality Trust disposing of Hyatt Place Memphis Primacy Parkway for US$7.75 mil
Nicole Lim - Acrophyte Hospitality Trust (ACRO-HT) is disposing of its property Hyatt Place Memphis Primacy Parkway (HPMPP) for a consideration of US$7.75 mil. The trust, through its indirect wholly-owned subsidiary, ARA USH Chicago entered into a conditional purchase and sale agreement with Shivam Patel, purcha ...
US gaming platform Roblox pledges changes to get Russian ban lifted
LONDON, Dec 17 : U.S. gaming platform Roblox is willing to make changes to some of its features in Russia, it said on Wednesday, as it seeks to overturn a ban imposed on it earlier this month. Communications watchdog Roskomnadzor announced the ban on December 3 on grounds of child safety, sparkin ...
Roblox gaming platform says it is ready to make changes to get Russian ban lifted
MOSCOW, Dec 17 : U.S. gaming platform Roblox said on Wednesday it was willing to make changes to some of its features in Russia in order to overturn a ban imposed on it earlier this month. Russian communications watchdog Roskomnadzor imposed the ban on grounds of child safety.A Roblox spokesperson s ...
Oracle says Michigan data center project talks on track without Blue Owl
Dec 17 : Oracle said talks for an equity deal to support its Michigan data center project remain on schedule and do not include Blue Owl Capital, after a report of stalled negotiations with the crucial partner knocked its shares down 5 per cent on Wednesday.The more than 1-gigawatt project in Saline ...
Oracle data center plan hit as Blue Owl walks from $10 billion deal, source says
Dec 17 : Oracle's largest data center partner, Blue Owl Capital, will not provide funding for a $10 billion deal to build its next facility, a source said on Wednesday, amid growing concerns about the cloud computing company's rising debt and artificial intelligence spending.Blue Owl' ...
Oracle's $10 billion Michigan data center in limbo after Blue Owl funding talks stall, FT reports
Dec 17 : Oracle's largest data center partner Blue Owl Capital will not back a $10 billion deal for its next facility, as the software group faces increased concerns about its rising debt and artificial intelligence spending, the Financial Times reported on Wednesday.
HSBC’s Elhedery to kick off 2026 with extended Hong Kong stint
His temporary relocation is part of an effort to cut down on a hectic travel schedule
Electronics firm Jabil forecasts upbeat annual results on booming data center demand
Dec 17 : Jabil forecast annual revenue and profit above Wall Street estimates on Wednesday, as the electronic component maker looks to capitalize on artificial intelligence-driven demand for data centers, sending its shares up more than 5.8 per cent in premarket trade.It expects full-year 2026 reven ...
Acrophyte Hospitality Trust unit to divest Hyatt Place Primacy Parkway hotel for US$7.8 million
Chloe Lim - The deal is expected to be completed in the first quarter of 2026
Coursera to buy Udemy, creating $2.5 billion firm to target AI training
Dec 17 : Online education platform Coursera said on Wednesday it would buy rival Udemy in an all-stock deal, valuing the combined company at $2.5 billion, as the industry consolidates after a post-pandemic slowdown and heightened investor scrutiny.Udemy shareholders would receive 0.8 shares of Cours ...
Coursera to buy Udemy for $930 million amid online learning consolidation
Dec 17 : Online education platform Coursera said on Wednesday it would buy rival Udemy in an all-stock deal, valuing the combined company at $2.5 billion, as the industry consolidates after a post-pandemic slowdown and heightened investor scrutiny.Udemy shareholders would receive 0.8 shares of Cours ...
Lower funding costs, firm fundamentals to fuel appetite for Singapore commercial real estate
Jessie Lim - Office and industrial deals are the flavour of the year; interest in the living and hospitality sectors has also risen
By the numbers: How the Netflix and Paramount bids for Warner Bros stack up
Dec 17 : Warner Bros Discovery's board rejected Paramount Skydance's $108.4 billion hostile bid, saying it failed to provide adequate financing assurances, in a blow to the David Ellison-run company's ambitions to grow its media empire. Warner Bros' board, in a letter to sharehol ...
Chinese chip firms line up for Hong Kong listings in coming weeks
The enthusiasm for new stocks, however, contrasts with a weaker secondary market
Warner Bros Discovery board rejects rival bid from Paramount
LOS ANGELES: Warner Bros Discovery's board rejected Paramount Skydance's US$108.4 billion hostile bid on Wednesday (Dec 17), saying it failed to provide adequate financing assurances. In a letter to shareholders, disclosed in a regulatory filing, the board wrote that Paramount had " ...
HG Metal subsidiary to buy industrial property in Tuas for S$20.8 million
Sharon See - The move will more than double the group’s land area
Analysis:Qatar bets on cheap power to catch up in Gulf AI race
DUBAI, Dec 17 : Qatar is banking on its abundant, low-cost energy to make up for lost time in the Gulf's artificial intelligence race, hoping that cheap power and deep pockets will help it catch up with regional rivals that have already secured a head start.The launch of Qai, backed by the coun ...
Analysis:Crypto investors show caution, shift to new strategies after crash
Dec 17 : The recent crypto market bust has left some investors more cautious, after hitting some of the hottest and most-hyped corners of the industry the hardest. It may also provide a boon to emerging strategies that seek to more actively manage risks.The universe of crypto investment alternatives ...
Daily Debrief: What Happened Today (Dec 17)
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Volkswagen budget cuts force battery unit to seek external funds
PowerCo is considering bank loans, external investors and a potential public offering
Sterling falls as UK inflation data signals BoE rate cut, dollar rises
NEW YORK/LONDON, Dec 17 : Sterling weakened on Wednesday after an unexpected drop in UK inflation all but guaranteed that the Bank of England would cut interest rates, while the dollar rose as traders awaited other central bank decisions and weighed commentary from Federal Reserve officials.Sterling ...
Sterling weakens after UK inflation data, dollar gains ahead of central bank decisions
NEW YORK/LONDON, Dec 17 : Sterling fell on Wednesday after an unexpected drop in UK inflation all but guaranteed the Bank of England would cut interest rates, while the dollar rose as markets awaited central bank decisions and weighed commentary from Federal Reserve officials.Sterling was set for th ...
