News
S&P 500 hits record high on strong AI-linked earnings, Middle East deal hopes
Recent gains have been driven by strong earnings from artificial intelligence heavyweightsPublished Tue, Aug 4, 2026 · 09:52 PM[BENGALURU] Wall Street’s benchmark S&P 500 hit an intraday record high...
UBS to pay US$125 million in fines over anti-money laundering violations
This is the largest-ever fine against a broker-dealer for Bank Secrecy Act violationsPublished Tue, Aug 4, 2026 · 12:17 AMUBS Financial Services (UBSFS), a subsidiary of UBS Group, has...
Great Eastern’s big rally – activist investors can be crucial part of market ecosystem
MAS and SGX should seek to make responsible shareholder activism more culturally acceptable in the local market[SINGAPORE] Some shareholders of Great Eastern (GEH) who resisted OCBC’s attempt to fully...
Another bot from a top AI company escapes and hacks multiple firms
Another leading artificial intelligence company unveiled details of its cutting-edge bot apparently going rogue. On Thursday, Anthropic said an internal investigation found that its Claude AI models gained unauthorized...
OUE to book H1 FY2026 net loss on associate losses, impairment charge
It owns 29.07% of an investee company which has been hit by the slowdown of the property market in China[SINGAPORE] OUE is expected to book a net loss for...
Trust, not tracking: inside the L.A. company that got workers back to the office
Los Angeles video gaming company Riot Games abandoned its return-to-office requirements in January, and surprisingly, more of its employees have been showing up at work. Two years of dictating...
Once high-flying PayPal becomes a takeover target as it attempts a turnaround
Digital payments giant PayPal was soaring high five years ago, riding the surge in online shopping after the COVID-19 pandemic reshaped people’s buying habits.Now the San José fintech company...
ST Engineering unit bags S$840 million contract for Taiwanese rail line
The project is expected to start in Q4 this year and will be delivered over eight years[SINGAPORE] The urban solutions business of ST Engineering has secured an S$840 million...
Porsche to shed 5,000 jobs by 2035 under German factory pact
Published Mon, Jul 27, 2026 · 11:27 PM[STUTTGART] Porsche agreed to eliminate 5,000 jobs by 2035 as part of a deal with labour officials that protects its main German...
Hollywood’s open secret: It’s battling AI — and already addicted to it
As performers protest and studios sue in their war on artificial intelligence, the entertainment industry is deepening its dependence on it. Although few places are better than Hollywood at...
