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DBS, UOB back 6.7 trillion rupiah loan facility for data centre campus in Batam’s Nongsa Digital Park
[ad_1] [SINGAPORE] DBS and UOB have jointly provided a 6.7 trillion rupiah (S$530 million) loan facility to finance the development of a new data centre campus in Batam, Indonesia.The project...
Gamers get hold of Nintendo’s hotly awaited Switch 2
[ad_1] [TOKYO] Gamers on Thursday finally got their hands on Nintendo’s new Switch 2 console, which could score record early sales for the Japanese Super Mario creator.Featuring a bigger screen...
Asia: Most markets rise as US data feeds rate-cut hopes
[ad_1] [HONG KONG] Asian shares mostly rose on Thursday after soft US economic data boosted expectations the Federal Reserve will soon cut interest rates and put the focus on key...
Citi to cut 3,500 technology jobs in China as part of global revamp
[ad_1] Published Thu, Jun 5, 2025 · 11:23 AM — Updated Thu, Jun 5, 2025 · 11:28 AM[HONG KONG] Citigroup will reduce the number of employees at two of its...
China’s power prices nosedive, providing relief to tariff-hit factories
[ad_1] [BEIJING] A crash in Chinese coal prices, and a flood of clean energy, are cutting power rates in major industrial hubs, easing pressure on some of the factories caught...
Gold edges higher as soft US data lifts safe-haven demand
[ad_1] Published Thu, Jun 5, 2025 · 09:24 AM[BENGALURU] Gold prices nudged higher on Thursday (Jun 5), as weaker-than-expected US economic data spurred demand for safe-haven assets, while market participants...
Starbucks reshuffles leadership to accelerate turnaround bid
[ad_1] [CHICAGO] Starbucks is reorganising part of its senior ranks, looking to speed up plans to reverse a sales slump.Mike Grams, hired last year as head of North America stores,...
Stocks to watch: ThaiBev, Far East Orchard
[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jun 5).ThaiBev: The beer maker announced a US$2 billion multicurrency debt issuance programme...
Even after explosive run, European defence stocks may still have firepower left
[ad_1] [SINGAPORE] On Sunday (Jun 1), more than 100 Ukrainian drones, reportedly launched from deep in Russian territory, damaged or destroyed US$7 billion worth of Russian aircraft.That same day, Ukraine...
Oil settles 1% lower after US data shows large builds in fuel stocks
[ad_1] [HOUSTON] Oil prices settled down just over 1 per cent on Wednesday after US data showed surprisingly large build in petrol and diesel inventories, swelling fuel supplies with Opec+ planning...
