News

Morgan Stanley sells US$8 billion high-grade bonds
[NEW YORK] Morgan Stanley priced an US$8 billion investment-grade bond sale on Friday (Oct 17), the third such deal by a major Wall Street firm this week following the...
YouTube steps up its shopping game with help from influencers
Inside a historic aircraft hangar in Playa Vista, crowds of people gathered on Thursday to browse the latest fashions from handbags to clothing and shoes as they prepared for...
China officials try to ease global concern over rare earth curbs
The Asian nation has justified its latest curbs as a response to an expansion of US controls[BEIJING] Chinese officials tried to ease concerns over its shock escalation of rare...
UK targets end-2026 for stablecoin rules to keep pace with US
[LONDON] The Bank of England (BOE) is aiming to have new stablecoin regulations in place by the end of next year, as policymakers around the world battle to contain...
Samsung Electronics family to sell 1.7 trillion won stake amid share rally
The company has secured supply deals with other major customers and expectations have risen that the company will be able to supply its latest high-bandwidth memory products to Nvidia[SEOUL]...
Comedians cancel Dreamforce performance after Benioff draws backlash for Trump support
Comedians Kumail Nanjiani and Ilana Glazer dropped out of performing at Salesforce’s annual tech conference this week after the company’s chief executive Marc Benioff made controversial remarks that showed...
F1 races to air exclusively on Apple TV next year
F1 races are exclusively coming to Apple TV next year as part of a five-year deal announced Friday between the tech giant and Formula 1. Apple TV subscribers in...
Jardine Matheson to delist Mandarin Oriental at US$3.35 a share; Mandarin Oriental sells HK property for US$925 million
[SINGAPORE] Controlling shareholder Jardine Matheson is moving to take Mandarin Oriental private in a recommended cash takeover valued at US$3.35 per share, bringing the hotel group’s total valuation to...
India already cutting Russian oil imports by 50% after US talks, White House official says
[WASHINGTON] The United States and India have held productive trade talks, and Indian refiners are already cutting Russian oil imports by 50 per cent, a White House official told...
Fed’s Kashkari: Economy may not be slowing as much as we think
MINNEAPOLIS Federal Reserve President Neel Kashkari said on Thursday he does not think that there is a big chance the labour market will weaken sharply or inflation will surge,...
HSBC not exposed to the collapse of scandal-hit First Brands Group
[LONDON] HSBC Holdings is not exposed to the collapse of scandal-hit auto-parts supplier First Brands Group, whose bankruptcy has left some of the biggest players on Wall Street facing...
Chinese data centre firm GDS aims to raise over US$1 billion for international unit DayOne: sources
GDS is aiming to build up DayOne into an independently run and separately listed unit in the mid to long term[HONG KONG/SINGAPORE] GDS Holdings, one of China’s largest data...