News
Openspace Ventures rebrands as Openspace Capital, launches two new funds
[ad_1] The equity growth offering seeks to tap MAS’ EQDP, while the private credit strategy presents companies with more options for capital[SINGAPORE] Venture capital firm Openspace Ventures has rebranded as...
Hong Kong to speed up development of border tech hub, John Lee says
[ad_1] Absent bold new measures, the city’s housing market is likely to remain under pressure, with home values hovering near their lowest since 2016[HONG KONG] Hong Kong’s leader said the...
Indonesia sovereign wealth fund INA targets data centres, AI in healthcare, renewables
[ad_1] [SINGAPORE] The Indonesia Investment Authority (INA) is prioritising digital infrastructure, healthcare and renewables as the sovereign wealth fund seeks foreign partners and supports the nation’s economic development, its chief...
Morgan Stanley CIO favours 60/20/20 portfolio strategy with gold as inflation hedge
[ad_1] A 60/20/20 portfolio strategy that includes 20 per cent gold is a more resilient inflation hedge at a time when US equities are offering historically low upside over Treasuries and...
Trump says US has a buyer for TikTok
[ad_1] [WASHINGTON] President Donald Trump said on Tuesday (Sep 16) that the US and China have a deal that will keep the short-video app TikTok operating in the United States,...
Elon Musk’s xAI lays off 500 people training its Grok chatbot
[ad_1] Elon Musk’s artificial intelligence startup xAI has laid off 500 workers from its data annotation team, which helps train its Grok chatbot.The layoffs were earlier reported by Business Insider.The...
Alphabet hits US$3 trillion in market capitalisation for first time
[ad_1] Class A shares of the company were up 4.6% at US$251.88, while Class C shares climbed 4.5% to US$252.3[NEW YORK] Google-parent Alphabet hit a market capitalisation of US$3 trillion...
With stock purchase, Elon Musk signals confidence in Tesla’s self-driving tech
[ad_1] In a move that boosted Tesla’s stock in midday trading on Monday, it was revealed that Chief Executive Elon Musk purchased approximately $1 billion worth of the company’s shares.The...
SIA Group’s passenger traffic up 5.4% in August
[ad_1] Passenger traffic is at 13.6 billion for the month, compared with 12.9 billion in the corresponding period last year[SINGAPORE] Passenger traffic for the two carriers under the Singapore Airlines...
Tencent appoints banks for first bond sale in four years
[ad_1] The company is proposing to sell offshore-yuan denominated notes with five-year, 10-year and 30-year tenors as early as Tuesday[HONG KONG] Chinese technology and mobile gaming giant Tencent Holdings has...
Brookfield in talks to buy Yes! Communities from Singapore’s GIC in US$10 billion deal, FT reports
[ad_1] Denver-based Yes! manages tens of thousands of factory-built affordable homes in the US[SINGAPORE] Brookfield Asset Management is in talks to acquire Yes! Communities from Singapore’s GIC in a deal...
