Real Estate
Busiest IPO week since 2021 mints US$4 billion for 6 newcomers
[NEW YORK] The initial public offering (IPO) market kicked into high gear this week, with sextet of deals raising more than US$4 billion in the busiest period since 2021. While...
Why The National Anthem Still Matters Today
Recently, I found myself reflecting on the opening lines of our national anthem. “Oh, say can you see by the dawn’s early light, what so proudly we hailed at...
OpenAI to share 8% of its revenue with Microsoft, partners, The Information reports
[BENGALURU] OpenAI has projected that by the end of the decade it will be sharing about 8 per cent of its revenue with commercial partners, namely Microsoft, down from...
Drugmakers fall on report US to claim Covid shot killed kids
[WASHINGTON] Vaccine makers’ shares fell after a report that US President Donald Trump health officials plan to link Covid shots to the deaths of around two dozen children in...
Gunvor hires Singapore specialists as it expands precious metals business into physical trading
[LONDON] Global commodity trading house Gunvor is expanding its precious metals business from trading derivatives into physical metal and has hired specialists in the London and Singapore trading hubs,...
Seatrium loses appeal to block US$126.6 million rig contract payment
The group will continue with arbitration to resolve dispute and seek recovery of payment[SINGAPORE] Seatrium on Friday (Sep 12) said its appeal in the Singapore court to block 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...
In surprise twist, Armani’s will instructs heirs to gradually sell fashion brand or seek listing
The late designer has left instructions for a 15% stake to be sold within 18 months[MILAN] Late designer Giorgio Armani in his will instructed heirs to gradually sell the...
