Posts by Nathan Pine
4 in 5 Asean consumers use AI for financial decisions, UOB survey finds
[ad_1] Most of these consumers report positive outcomes, even as digital wealth management goes mainstream, says the bank [SINGAPORE] About four in five consumers in the Asean region have made a financial decision based primarily on artificial intelligence advice or recommendations, and most of them report positive results, a UOB survey has found. Vietnam and…
Read MoreAI slowdown calls from Anthropic, OpenAI may weigh on chip stocks, but rally seen intact
[ad_1] Some investors argue that a slower pace of AI development could ultimately be positive for the industry Published Sun, Sep 13, 2026 · 05:02 PM ARTIFICIAL intelligence executives’ calls to slow development of the technology are likely to weigh on chipmaker and supply-chain stocks in the near term, but will probably have limited long-term…
Read MoreOracle to spend an additional US$700 million on more job cuts
[ad_1] It is grappling with a cash crunch tied to the development of large-scale data centres for AI work Published Sat, Sep 12, 2026 · 03:50 PM [TEXAS] Oracle increased the scale of its planned job cuts while the company grapples with a cash crunch tied to the development of large-scale data centres for artificial…
Read MoreDBS wants to be ‘Asian bank for Asians’ rather than global bank: CEO Tan Su Shan
[ad_1] The company has ‘come a long way’ in growing its wealth-management business, she adds [SINGAPORE] DBS, South-east Asia’s largest bank, will pursue growth within Asia rather than seek to become a global bank, with chief executive Tan Su Shan identifying wealth management, capital markets and trade as regional bright spots. Asia “has a strong…
Read MoreECB raises interest rates as Iran war fuels inflation fears
[ad_1] A surge in oil prices is clouding the inflation outlook again; resilient growth leaves room to act Published Thu, Sep 10, 2026 · 08:41 PM [FRANKFURT] The European Central Bank (ECB) raised interest rates on Thursday (Sep 10) for the second time in 2026, seeking to quell an energy-driven rise in inflation triggered by…
Read MoreDBS ‘categorically rejects’ S$1.3 billion claim by 1MDB-linked entities under liquidation
[ad_1] [SINGAPORE] DBS “categorically rejects” a S$1.298 billion claim for damages in a lawsuit filed by several entities linked to the 1Malaysia Development Berhad (1MDB) scandal. In a Wednesday (Sep 9) bourse filing, DBS said that a lawsuit has been filed against the bank by four 1MDB-linked entities under liquidation and the companies’ liquidators, Jason…
Read MoreCenturion acquires 7,974 bed Johor worker accommodation asset for US$53 million
[ad_1] The asset comprises two adjoining parcels of land in the Pasir Gudang industrial area [SINGAPORE] Centurion Corporation has entered into an agreement to acquire a 7,974 bed purpose-built worker accommodation asset in Pasir Gudang, Johor, for RM214.5 million (US$53 million), the property group said in an announcement on Tuesday (Sep 8). The acquisition comprises…
Read MoreYen hits seven-month high; dollar soft ahead of US inflation
[ad_1] Published Mon, Sep 7, 2026 · 09:07 PM [SINGAPORE/LONDON] The yen surged to a seven-month high on Monday (Sep 7), as traders appeared to reassess their outlook on the embattled currency, thanks to a combination of factors including bets on faster Bank of Japan tightening and expectations that Japanese investors may shift funds home.…
Read MoreChina to pump US$54 billion into state banks, insurers
[ad_1] This move is part of a coordinated push by Beijing to shore up capital across its financial system Published Sun, Sep 6, 2026 · 08:20 PM [BEIJING] China’s finance ministry will inject a combined US$54 billion into state-owned insurers and banks, the companies said on Sunday (Sep 6), in a coordinated push by Beijing…
Read MoreIndia’s NSE eyes Sep 21-week listing after regulator clears IPO, sources say
[ad_1] Published Sat, Sep 5, 2026 · 03:49 PM INDIA’s National Stock Exchange (NSE) is targeting a listing in the week starting Sep 21, three sources familiar with the matter said, after receiving long-awaited regulatory approval for its initial public offering on Friday (Sep 4). The IPO could rank among India’s biggest-ever, alongside billionaire Mukesh…
Read MoreInvestors should be wary of possible ‘Nanning’-type investment schemes: Sias
[ad_1] [SINGAPORE] The Securities Investors Association (Singapore), or Sias, wishes to caution members of the investing public against participating in investment arrangements commonly referred to as the “Nanning Scheme”, or similar schemes promising exceptionally high returns with low risk through recruitment of new participants. Reports concerning such arrangements described investors being introduced to supposedly exclusive…
Read MoreGreen jet fuel levy for air cargo deferred for a year
[ad_1] [SINGAPORE] A green jet fuel levy for air cargo will be deferred for a year and start from Oct 1, 2027, for flights leaving Singapore from Jan 1, 2028. In a statement on Sept 3, the Civil Aviation Authority of Singapore (CAAS) said the air cargo levy is being pushed back because of the diverse nature…
Read More