News
US penalises two Chinese companies that acquired tools for chipmaker SMIC
[NEW YORK] The US on Friday (Sep 12) penalised two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker Semiconductor Manufacturing International Corporation (SMIC), including them among...
US: Nasdaq notches record high close, traders look to Fed meeting
[BENGALURU] The Nasdaq notched a record high close on Friday (Sep 12) in a mixed trading session, lifted by Microsoft as investors looked ahead to the Federal Reserve’s policy...
OpenAI wants to create a public benefit corporation. What does that mean?
The company has faced pushback, including from early backer Elon Musk, on the moveAFTER months of back-and-forth with regulators and stakeholders, OpenAI said it is getting closer to converting...
US: Wall St opens muted after record highs, on track for weekly gains
[NEW YORK] Wall Street indexes opened subdued on Friday (Sep 12) after notching record highs in the previous session, though they remained on track to log gains in a...
ECB policymakers keep rate options open amid uncertain outlook
Another cut is entirely possible, says French central bank governor Francois Villeroy[FRANKFURT] European Central Bank (ECB) policymakers were keeping their options open on Friday (Sep 12) about possible future...
Singapore stocks buck regional gains on Friday; STI down 0.3%
[SINGAPORE] Local stocks closed lower on Friday (Sep 12), bucking gains in the region.
The Straits Times Index (STI) lost 0.3 per cent or 11.58 points to 4,344.24. Across the...
Asia: Stocks surge into weekend with US rate cut ‘seemingly locked in’
ASIAN markets surged again on Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a Federal Reserve interest rate cut...
Frasers Hospitality Trust to suspend trading on Sep 12, expected to delist on Oct 6
Payment for the scheme consideration to eligible securityholders is set to be made on or around Sep 30[SINGAPORE] Frasers Hospitality Trust (FHT) has received the court’s sanction for its...
ECB holds rates unchanged, offers no clues about next move
The ECB halved its key rate to 2% in the year to June but has been on hold ever since[FRANKFURT] The European Central Bank left interest rates unchanged on...
DoorDash plans to test drone deliveries in San Francisco warehouse
Food delivery app DoorDash is setting its sights on a new destination to test out flying drone deliveries: San Francisco.The tech company leased a warehouse in the Mission District...
