Culture

Bain said to near deal to acquire Blackstone’s Avery Lodge
BAIN Capital is nearing a deal to acquire Blackstone’s Singapore worker dormitory firm Avery Lodge after outbidding other rival private equity firms, according to people familiar with the matter.The...
OpenAI’s ChatGPT back up after brief outage
MICROSOFT-backed OpenAI popular chatbot ChatGPT was back up after an outage affected thousands of users, the company said on Friday (Nov 8).“Issues with ChatGPT have now been resolved,” OpenAI...
Dollar on track for weekly gain after Trump election win
THE dollar rose on Friday (Nov 8) and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican...
Oil settles down 2% on receding hurricane risk, lacklustre China stimulus
OIL prices settled more than 2 per cent lower on Friday (Nov 8) as traders grew less fearful of prolonged supply disruptions from a hurricane in the US Gulf...
US: S&P 500 breaks 6,000 level as Trump and Fed-fueled rally advances
THE S&P 500 briefly surpassed the 6,000 mark and closed with its biggest weekly percentage gain in a year, as Donald Trump’s election victory and a possible Republican Party...
Sri Trang Agro-Industry posts Q3 net profit of 517.3 million baht
RUBBER group Sri Trang Agro-Industry reported a net profit of 517.3 million baht (S$20 million) for the third quarter ended Sep 30. This is a reversal from the net...
TikTok hopes for lifeline from President-elect Trump, who once favoured ban
SOME TikTok staff and creators, bracing for a potential ban of the popular video-sharing platform as soon as January, have come to see President-elect Donald Trump as a possible...
US: Wall St opens flat as rally from Trump win, rate cut cools
WALL Street opened on a muted note on Friday (Nov 8), as a rally powered by a sweeping Trump win and an expected interest-rate cut paused, with the main...
Sri Trang Gloves posts Q3 loss of 86.5 million baht on depreciation of Thai currency
GLOVE manufacturer Sri Trang Gloves reported a net loss of 86.5 million baht (S$3.4 million) for the three months ended Sep 30, a 282.4 per cent drop from a...
Make new friends and boost hiring: How China’s chip industry plans to deal with Trump
CHINA’S semiconductor industry is readying itself for four more combative years under Donald Trump as US president by ramping up purchases of foreign chipmaking equipment and looking out for...
SBS Transit Q3 earnings 1.7% higher at S$18.2 million in spite of lower operating profit
LISTED bus and train operator SBS Transit’s net profit inched up 1.7 per cent year on year to S$18.2 million for the third quarter of FY2024 to September.This is...
TSMC to suspend production of advanced AI chips for China from Nov 11, FT reports
TAIWAN Semiconductor Manufacturing Company (TSMC) has notified Chinese chip design companies that it is suspending production of their advanced AI chips from Nov 11, Financial Times reported on Friday...