Lifestyle

Sabana Reit’s May 24 EGM to be postponed
Sabana Reit’s May 24 EGM to be postponed
May 23, 2024
THE manager of Sabana Industrial Reit said late on Thursday (May 23) that an extraordinary general meeting (EGM) requisitioned by unitholders led by Quarz Capital Asia would be postponed.The...
Google builds first subsea cable connecting Africa to Australia
Google builds first subsea cable connecting Africa to Australia
May 23, 2024
ALPHABET’S Google is building out the first undersea fibre optic cable that will directly connect Africa with Australia, helping to shore up Internet access in one of the least-connected...
As countries press on with climate targets, critical mineral shortages could scupper efforts: IEA
As countries press on with climate targets, critical mineral shortages could scupper efforts: IEA
May 23, 2024
[LONDON] A looming scarcity of raw materials such as nickel and lithium could slash global production of electric vehicles (EVs), solar panels, wind turbines and other clean energy products,...
Nvidia CEO Huang expects AI-generated videos to drive more demand for its chips
Nvidia CEO Huang expects AI-generated videos to drive more demand for its chips
May 23, 2024
FOR chip designer Nvidia, the generative artificial intelligence boom is the gift that keeps on giving. After riding a demand surge sparked by Big Tech’s rush to roll out chatbots,...
HSBC fined £6.3 millions for unfairly treating customers in debt
HSBC fined £6.3 millions for unfairly treating customers in debt
May 23, 2024
HSBC Holdings was fined £6.3 millions (S$10.8 million) for failing to fairly look after more than 1.5 million UK customers experiencing financial hardship – a penalty that adds to...
Fitch Ratings downgrades LMIRT to ‘C’ following exchange offer
Fitch Ratings downgrades LMIRT to ‘C’ following exchange offer
May 23, 2024
CREDIT-ratings agency Fitch Ratings has downgraded the long-term Issuer Default Rating of Lippo Malls Indonesia Retail Trust (LMIRT) to “C” from “CC”, it said on Thursday (May 23).It also...
China’s Alibaba to raise US.5 billion through convertible bonds, repurchase shares
China’s Alibaba to raise US$4.5 billion through convertible bonds, repurchase shares
May 23, 2024
ALIBABA Group Holding said on Thursday (May 23) the Chinese e-commerce giant would sell convertible bonds to raise about US$4.5 billion and plans to use some of the proceeds...
China’s Alibaba to raise US.5 billion through convertible bonds, repurchase shares
Alibaba is considering convertible bond sale
May 23, 2024
ALIBABA Group Holding is considering selling convertible bonds to raise about US$5 billion, people familiar with the matter said, following a US$1.75 billion offering by rival Chinese online retailer...
Hargreaves Lansdown rebuffs £5 billion offer from CVC, Adia
Hargreaves Lansdown rebuffs £5 billion offer from CVC, Adia
May 23, 2024
Hargreaves Lansdown has rebuffed a £4.7 billion (S$8.07 billion) offer for the investment platform from a group of private equity buyers including an Abu Dhabi sovereign wealth fund, saying...
China state media warns on speculative trading in special bonds
China state media warns on speculative trading in special bonds
May 23, 2024
CHINA’S state media urged investors to refrain from engaging in speculative trades in the latest special sovereign bond, as an illiquid part of the market saw a retail buying...