News

Meituan plans debut dim sum bonds in up to 10 billion yuan sale
[ad_1] The company has faced an increasingly crowded field in China’s food delivery sector, where rivals have been slashing prices[HONG KONG] Chinese food delivery company Meituan is looking to raise...
White House warns government shutdown could lead to holiday travel meltdown
[ad_1] [WASHINGTON] The Trump administration and Republican leaders in Congress on Thursday (Oct 23) warned that flight disruptions will increase as a government shutdown enters its 23rd day and controllers...
Stocks to watch: ST Engineering, UOI, Suntec Reit, OUE Reit, mm2 Asia
[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Oct 24): [ad_2] Source link
Anthropic to use Google’s AI chips worth tens of billions to train Claude chatbot
[ad_1] ANTHROPIC is expanding its deal with Google to use as many as one million of the tech giant’s artificial intelligence chips, worth tens of billions of dollars, as the startup races...
US weighs quantum computing boost in effort to counter China
[ad_1] The effort shows how far the administration is willing to take its mandate to combat the rise of geopolitical rivals such as the Asian nation [NEW YORK] The Trump...
Apple begins shipping AI servers from Houston factory 
[ad_1] [SAN FRANCISCO] Apple has started shipping artificial intelligence servers built in a factory in Houston, it said on Thursday, part of the company’s plans to invest US$600 billion in the...
Apple loses landmark UK lawsuit over app store commissions
[ad_1] [LONDON] Apple abused its dominant position by charging app developers unfair commissions, a London tribunal ruled on Thursday, in a blow which could leave the US tech company on the...
Putin defiant after Trump sanctions Russian oil majors over Ukraine
[ad_1] [MOSCOW] Russian President Vladimir Putin remained defiant on Thursday after US President Donald Trump hit Russia’s two biggest oil companies with sanctions to pressure the Kremlin leader to end the war...
Applied Materials to cut 4% of global staff after sales slow
[ad_1] [SAN FRANCISCO] Applied Materials, the largest US producer of chipmaking equipment, plans to cut 4 per cent of its global workforce as it copes with a sales slowdown and...
Oil surges 5% after US sanctions Russian firms Rosneft, Lukoil
[ad_1] [NEW YORK] Oil prices surged around 5 per cent to a two-week high on Thursday after the US imposed sanctions on major Russian suppliers Rosneft and Lukoil over Moscow’s war in...
US bank reserves fall second week, extend drop below US$3 trillion
[ad_1] The drop comes as the Treasury has ramped up debt issuance to rebuild its cash balance following the increase in the debt ceiling in July[NEW YORK] The US banking...
Indonesia launches 6 billion yuan dim sum bond, to be listed on SGX
[ad_1] The bond offers yields of 2.5% on five-year notes and 2.9% on the 10-year tranche[SINGAPORE] Indonesia has launched its debut offshore renminbi-denominated, or dim sum, bond, raising six billion...