Real Estate
MAS ropes in global industry associations for asset tokenisation project
THE Monetary Authority of Singapore (MAS) has roped in global industry associations for its project to pilot promising asset tokenisation use cases.It is also planning to develop standards, market...
Micron’s sell-off highlights risk of sky-high AI expectations
US CHIPMAKER Micron Technology post-results sell-off sent a fresh reminder to global investors about the risks inherent in bets on artificial intelligence (AI) chipmakers.Days after leading AI chipmaker Nvidia...
Chinese-owned chipmaker Nexperia invests US$200 million in European expansion
NEXPERIA, one of the world’s largest makers of basic semiconductors such as diodes and transistors, said on Thursday (Jun 27) it would invest US$200 million to expand capacity at...
Singapore stocks buck regional declines on Thursday; STI up 0.4%
On the index, ST Engineering is the biggest gainer while Seatrium is the biggest declinerSINGAPORE stocks ended higher on Thursday (Jun 27), tracking gains on Wall Street but bucking...
H&M casts doubt over margin target as June sales drop, shares fall
H&M cast doubt over its full-year profit margin target on Thursday (Jun 27) after missing quarterly earnings forecasts and predicting a fall in June sales, sending shares in the...
Ascott announces key appointments in global expansion move
THE Ascott has announced six key appointments in the functions of business development, strategy, and operations. On Thursday (Jun 27), the lodging business unit of CapitaLand Investment said the...
SoftBank to back AI startup Perplexity at US$3 billion valuation
SOFTBANK Group’s Vision Fund 2 is investing in US artificial intelligence (AI) startup Perplexity AI at a US$3 billion valuation, Masayoshi Son’s latest bet on a sector he deems...
China’s financial elite face 2.9 million yuan pay caps, bonus clawbacks
THE era of big paychecks for Chinese financiers is fast coming to an end as some of the industry’s biggest companies impose strict new limits to comply with President...
