News
Malaysian ringgit hits highest in four years on growth optimism
It rose 0.3% versus the greenback to 4.0955 on Friday, the highest since May 2021[KUALA LUMPUR] The Malaysian ringgit reached the strongest level against the dollar in more than...
Global EV sales growth slowest since Feb 2024 on China plateau, US policy changes
GLOBAL EV sales grew in November at the slowest rate since February 2024 as China plateaued, while the end of an EV tax credit scheme in the United States...
Disney invests $1 billion in OpenAI, licenses Mickey Mouse to Sora AI platform
OpenAI said Thursday it reached a licensing deal with the Walt Disney Co. to use more than 200 popular Disney characters including Mickey Mouse, characters from “Frozen” and Yoda...
Instacart is charging different prices to different customers in a dangerous AI experiment, report says
The grocery delivery service Instacart is using artificial intelligence to experiment with prices and charge some shoppers more than others for the same items, a new study found. The...
DBS bullish on developers, hikes up target prices for CDL, UOL, GuocoLand
The increase comes on lower interest rates and plans by developers to recycle capital and rejuvenate assets [SINGAPORE] DBS Research has taken a bullish stance on Singapore property counters,...
Gold rises as a divided Fed cuts rates; silver hits record high
[BENGALURU] Gold prices rose on Thursday (Dec 11) after the US Federal Reserve cut interest rates, even as policymakers remained split on the outlook for further easing next year,...
Musk’s fortune would more than double on US$1.5 trillion SpaceX
Musk’s path to becoming a trillionaire, whether it is through Tesla or SpaceX, is not without challenges[NEW YORK] The richest man in the world could more than double his...
Ever Glory to offer 2 million new shares at S$0.64 each ahead of proposed transfer to mainboard
It will raise around S$1.2 million in net proceeds if the offer is fully subscribed[SINGAPORE] As part of its proposed transfer to the Singapore Exchange (SGX) mainboard, Catalist-listed engineering...
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion[BENGALURU] Shares of e-commerce firm Meesho jumped about 58 per cent in their debut on...
World’s largest airline caterer Gategroup, co-owned by Temasek, said to ready for IPO
THE world’s biggest in-flight caterer Gategroup Holding AG is preparing for an initial public offering as soon as the second half of next year, people familiar with the matter...
