Entrepreneurship
Meta seeks US$29 billion from private capital firms for AI data centres, FT reports
[BENGALURU] Meta Platforms is seeking to raise US$29 billion from private capital firms to build artificial intelligence (AI) data centres in the US, the Financial Times reported on Friday...
US: S&P 500, Nasdaq hit record closing highs amid trade negotiations, rate cut bets
[NEW YORK] Wall Street extended its rally on Friday (Jun 27), sending S&P 500 and Nasdaq to all-time closing highs as trade deal hopes fuelled investor risk appetite and...
US: S&P 500, Nasdaq touch record highs after tame inflation data
Published Fri, Jun 27, 2025 · 09:42 PM[NEW YORK] The S&P 500 and the Nasdaq opened at record highs on Friday (Jun 27) as a benign inflation report supported...
Swiss-American eye care firm Alcon launches expanded Tuas manufacturing facility
[SINGAPORE] Alcon, a Swiss-American pharmaceutical and medical device company specialising in eye care products, opened its expanded manufacturing and logistics facility in Tuas on Friday (Jun 27).This brings its...
Mystery US$33 billion Chinese medicine fortune collapses in days
[HONG KONG] When Yat-Gai Au was worth US$33 billion on paper, he was not in his Hong Kong office.
One week later, when his net worth plunged to US$10.1 billion,...
Unilever to pay US$1.5 billion for men’s grooming brand Dr Squatch
The deal was announced earlier this week by all three parties, without disclosing financial detailsPublished Fri, Jun 27, 2025 · 04:28 PM[LONDON] Unilever is paying US$1.5 billion to buy...
Info-Tech Systems launches IPO at S$0.87 apiece, marks SGX’s first mainboard listing in two years
[SINGAPORE] Software services firm Info-Tech Systems has launched its initial public offering (IPO) of 24,856,000 shares at S$0.87 each, in conjunction with its mainboard listing on the Singapore Exchange...
Bumper orders for Xiaomi‘s new SUV heighten threat to Tesla
[SHANGHAI] Exceptionally strong initial orders for Xiaomi‘s YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record high on Friday and fanned speculation that Tesla may...
AEM, UMS, Frencken lead semiconductor stock surge; robust weekly gains ride on domestic, global tailwinds
[SINGAPORE] Semiconductor listcos were trading higher on Friday (Jun 27), notching double-digit gains over the week as a slew of domestic and global developments spelt potential tailwinds for the...
Asia: Stocks climb, dollar holds on trade hopes and rate bets
[HONG KONG] Asian markets rose on Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts.Easing concerns about...
