News

Ringgit may gain most in South-east Asia on exporter conversion
[ad_1] [HONG KONG] Malaysia’s ringgit stands to gain the most among its South-east Asian peers if the nation’s exporters convert their overseas earnings to the local currency, thanks to the...
Singtel initiates its first share buyback programme of up to S$2 billion; incorporates cloud business
[ad_1] The buyback will be delivered over the course of three years until financial year 2028 and involves the purchase of shares in the open market that will subsequently be...
Stocks to watch: Singtel, CapitaLand Ascott Trust
[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 22). Singtel: The telco giant returned to the black with a net profit...
Zoom lifts annual forecasts on robust demand amid AI push
[ad_1] Published Thu, May 22, 2025 · 07:13 AMZOOM Communications raised its annual revenue forecast on Wednesday, benefiting from hybrid work trends and the integration of artificial intelligence into its...
OpenAI teams up with former Apple design chief Jony Ive as AI race heats up
[ad_1] Jony Ive, a former Apple executive known for designing the iPhone, is joining forces with OpenAI, the San Francisco startup behind popular chatbot ChatGPT.On Wednesday, OpenAI said it’s buying...
Surge AI is latest San Francisco startup accused of misclassifying its workers
[ad_1] Artificial intelligence training company Surge AI has been hit with a lawsuit alleging it has misclassified contractors hired to improve chat responses from AI software for some of the...
Contributor: Why is the GOP resisting Chinese investment in the U.S.?
[ad_1] The United States and China are locked in a standoff with no resolution in sight. The U.S. wants to reshore manufacturing, and China wants to sell its manufactured products...
US: Wall Street opens lower with focus on Trump’s tax Bill
[ad_1] Published Wed, May 21, 2025 · 09:42 PM[NEW YORK] Wall Street’s main indexes opened lower on Wednesday (May 21), as investors awaited the outcome of a pivotal debate around...
DBS’ Tan Su Shan ranked sixth in Fortune’s list of the most powerful women in business 
[ad_1] [SINGAPORE] Tan Su Shan, chief executive officer of DBS, has been named the sixth most powerful woman in business in Fortune magazine’s 2025 100 Most Powerful Women in Business...
Microsoft-backed Builder.ai set for bankruptcy after cash seized
[ad_1] [LONDON] Builder.ai, the British artificial intelligence startup backed by Microsoft and the Qatar Investment Authority, is filing for bankruptcy after the chief executive officer said a major creditor had...
CATL’s 1.8-billion euro German plant boosts China’s invest-abroad bet
[ad_1] [SINGAPORE/BERLIN] More than two years ago on the outskirts of a medieval German town, China’s biggest EV battery company placed a 1.8-billion euro (S$2.6 billion) bet on the future...
Julius Baer faces US$156 million loan loss charge
[ad_1] [ZURICH] Julius Baer Group said it’s booking another large loss from property developments it helped finance, just as the Swiss wealth manager is emerging from a crisis triggered by...