Dollar falls vs yen as BOJ hints at rate hike
NEW YORK, Dec 1 : The dollar weakened against the Japanese yen on Monday following Bank of Japan Governor Kazuo Ueda's strongest indication to date that a December interest rate increase could be under consideration, providing support to the embattled yen.Meanwhile, mounting expectations for a ...
Swiss, German authorities shut down cryptomixer.io in money laundering crackdown
FRANKFURT, Dec 1 : A group of Swiss and German law enforcement agencies said on Monday they shut down cryptomixer.io, one of the largest platforms to cover up the tracks of bitcoin transfers from illegal activities.Germany's federal investigation agency BKA said in a statement it worked with r ...
JPMorgan doubles Swiss business by targeting wealthy clients
The bank has boosted staff in Zurich and Geneva by 30% this year
Raffles Education sells 51 Merchant Road for $121.8 mil, to book $53 mil gain
The Edge Singapore - Raffles Education has finally sold its property at 51 Merchant Road for $121.8 million, below its market valuation of $152.7 million. Nonetheless, this deal will still allow the company to recognise net proceeds of $121.3 million, plus a gain on disposal of some $53 million, given that the property ...
Raffles Education sells 51 Merchant Road for $121.8 million, to book $53 million gain
The Edge Singapore - Raffles Education has finally sold its property at 51 Merchant Road for $121.8 million, below its market valuation of $152.7 million. Nonetheless, this deal will still allow the company to recognise net proceeds of $121.3 million, plus a gain on disposal of some $53 million, given that the property ...
Wall Street opens lower ahead of Powell speech, manufacturing data
[NEW YORK] Wall Street’s main indexes opened lower on Monday (Dec 1) as investors stood on the sidelines ahead of fresh economic...
Nvidia takes US$2 billion stake in Synopsys as AI deal spree accelerates
The deal adds to Nvidia’s slew of new partnerships in the artificial intelligence ecosystem
Accenture ties up with OpenAI to equip thousands of its employees with ChatGPT
Dec 1 : Accenture will equip tens of thousands of its IT professionals with ChatGPT Enterprise through a partnership with OpenAI, as the consulting firm looks to capitalize on the growing demand for AI services.Shares of Accenture rose over 2.8 per cent in premarket trading following the news.The co ...
Sanli Environmental raises about S$10 million in placement amid record order book
Goh Ruoxue - It will use the net proceeds primarily for general working capital purposes
US holiday shoppers shake off economic blues for online spending spree
Dec 1 : U.S. consumers shrugged off worries about the economy after their Thanksgiving dinners and went on a $23.6 billion three-day online shopping frenzy that exceeded analyst expectations, kicking off the holiday season.Adobe Analytics projected $14.2 billion in online spending on Cyber Monday, w ...
US Cyber Monday spending forecast to hit $14.2 billion, fueled by wealthy
Dec 1 : U.S. consumers are expected to spend $14.2 billion on Cyber Monday, according to Adobe Analytics, after a strong Black Friday weekend that saw wealthier consumers spend freely and lower-income shoppers hunt for deals.Americans are expected to spend 6.3 per cent more online than last year&# ...
US Cyber Monday spending to hit $14.2 billion, Adobe forecasts, as AI fuels momentum
Dec 1 : U.S. consumers are expected to spend $14.2 billion on Cyber Monday, according to Adobe Analytics, set to build on strong Black Friday momentum as AI-powered shopping tools drive online sales.Americans will spend 6.3 per cent more online from a year earlier on Cyber Monday, traditionally seen ...
Cyber Monday spending in US to hit $14.2 billion, Adobe Analytics forecasts
Dec 1 : U.S. shoppers are expected to spend $14.2 billion on Cyber Monday, a report from Adobe Analytics predicted, as budget-strained consumers lap up online discounts. Americans will spend 6.3 per cent more online from a year earlier on Cyber Monday, which is traditionally seen as the country ...
Schneider Electric looks to digitalisation, new partners to tackle rapid electrification
Benjamin Cher - Partnerships are a priority for innovations on the energy front
Schneider Electric gears up for tsunami of power demand from AI, EVs, global warming fallout
Benjamin Cher - Partnerships are a priority for innovations on the energy front
Schneider Electric gears up to meet tsunami of power demand from AI, EVs, global warming fallout
Benjamin Cher - Partnerships are a priority for innovations on the energy front
Reclaims Global to acquire freehold commercial property at 291 Serangoon Road for $38.8 mil
Nicole Lim - Reclaims Global is set to acquire a freehold commercial property located at 291 Serangoon Road for $38.8 million. The Catalist-listed company, which is an integrated service provider within the construction industry, intends to use this property as an investment. The freehold commercial building is ...
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)
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