News
Goldman, BlackRock rush to fill wealth-advice void in Australia
[ad_1] As governments everywhere struggle with ageing populations and ballooning deficits, the country’s superannuation system stands out as a model – with a warning[MELBOURNE] On one of Larry Fink’s frequent...
Nvidia scores lobbying win as Congress rejects chip export bill
[ad_1] Lawmakers are working on another bill, the Safe Act, which would codify existing limits on AI chip sales to China[WASHINGTON] Nvidia is on the verge of securing a massive...
Intel says it will keep networking and communications unit
[ad_1] The chip maker has considerably improved its cash position as a result, finance chief Dave Zinsner says[SAN FRANCISCO] Intel said on Wednesday (Dec 3) that it has opted to...
TikTok to invest more than 200 billion reais in Brazil data centre
[ad_1] [NEW YORK] ByteDance’s TikTok will invest more than 200 billion reais (S$49 billion) to build a data centre in Brazil, marking its first project in Latin America.TikTok will partner...
DFI Retail Group hikes dividend payout ratio to 70% in three-year plan
[ad_1] The group is targeting a compound annual growth rate of 11 to 15% for its underlying profit[SINGAPORE] DFI Retail Group has unveiled a three-year strategic roadmap targeting double-digit profit...
Anthony Law, PropNex Realty salesperson rebut allegations in lawsuit involving 99-1 deal
[ad_1] This is in response to a case filed by a couple over the purchase of a unit at The Gazania[SINGAPORE] Anthony Law Corp, which has been sued by a...
Retail investors push e-commerce platform Meesho’s US$604 million India IPO to full subscription
[ad_1] The company has raised about US$270 million from anchors including Government of Singapore ahead of its IPO[MUMBAI] Meesho’s US$604 million initial public offering was fully subscribed the first day...
Singapore’s benchmark index STI rises for the sixth day, up 0.4%
[ad_1] Across the broader market, decliners beat gainers 297 to 275, after 1.3 billion securities valued at more than S$1.4 billion are transacted[SINGAPORE] Singapore shares rose on Wednesday (Dec 3),...
China’s LandSpace fails to complete reusable rocket test
[ad_1] The rocket was not able to complete a controlled landing following an initial launch[BEIJING] The maiden test of LandSpace’s next-generation Zhuque-3 rocket ended in failure on Wednesday (Dec 3),...
HSBC names Brendan Nelson chairman in surprise move
[ad_1] The bank says Nelson’s appointment follows a robust process assessing internal and external candidates[LONDON] HSBC Holdings’ interim chairman Brendan Nelson will move into that role on a permanent basis,...
Grab-Singtel’s GXS bank cuts about 10% of workforce as it moves on from early stage operations
[ad_1] Loss of 82 jobs part of the group’s transition from building a bank to running the operations: CEO Lai Pei-Si[SINGAPORE] Digital bank GXS is cutting 82 jobs or about...
Netflix, Warner Bros Discovery combo seen lowering costs for consumers: sources
[ad_1] Alphabet’s YouTube remains the country’s largest streaming platform by viewership[NEW YORK] Netflix’s proposed acquisition of Warner Bros Discovery’s studios and streaming unit is expected to reduce streaming costs for...