News
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]...
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...
Nestle to axe 16,000 jobs as new CEO targets sales growth
[LONDON] Nestle will axe 16,000 jobs as it tries to raise sales volumes, new CEO Philipp Navratil said on Thursday (Oct 16), as the world’s largest packaged food company...
Paxos mistakenly issues US$300 trillion of PayPal stablecoin
[PORTLAND] Stablecoin issuer Paxos said that it mistakenly minted US$300 trillion of PayPal Holdings’ PYUSD stablecoin on Wednesday (Oct 15) before burning the tokens minutes later.The transactions were visible...
Comedians cancel Dreamforce performance after Benioff draws backlash for Trump support