Real Estate
OpenAI sees US$11.6 billion revenue next year, offers Thrive chance to invest again in 2025
THRIVE Capital is investing more than US$1 billion of OpenAI’s current US$6.5 billion fundraising round, and it has a sweetener no other investors are getting: the potential to invest...
Warren Buffett’s BofA selling spree edges toward key milestone
A DOZEN rounds of selling have trimmed Warren Buffett’s stake in Bank of America to the cusp of a key regulatory threshold, in which he will no longer need...
Volkswagen lowers profit forecast again on waning car demand
VOLKSWAGEN cut its guidance for a second time this year, warning that waning demand will undercut the German carmaker’s profitability as it squares off with unions over possible job...
Europe: Stocks hit record high on rate-cut bets, China stimulus
EUROPEAN equities hit a record high on Friday (Sep 27), boosted by China’s slew of stimulus measures and growing conviction that US and Euro-area interest rates will fall further...
China Evergrande’s liquidators still in talks for stake sale in EV unit
The electric vehicle (EV) maker has since been mired in the debt crisis engulfing its property developer parentLiquidators of debt-laden China Evergrande are still in talks with a potential...
EU privacy regulator fines Meta 91 million euros over password storage
THE lead European Union privacy regulator fined social media giant Meta 91 million euros (S$130.2 million) on Friday (Sep 27) for inadvertently storing some users’ passwords without protection or...
Singapore LNG demand set to jump on AI and data centre boom
SINGAPORE will see a short-term increase in liquefied natural gas demand, due in part to the AI boom that’s driving data centre growth, according to the country’s state-owned importer...
China’s biggest stock buying frenzy in years overwhelms exchange
CHINESE equities capped their biggest weekly rally since 2008 with a burst of trading that overwhelmed the Shanghai Stock Exchange, underscoring a dramatic shift in investor sentiment after Xi...
