Ambani's US$3.2 billion Jio Indian IPO lures investors as bids surge on final day
Mukesh Ambani's US$3.2 billion Jio Indian IPO drew investors as bids surged on its final day.
Business
China’s CATL, BAIC target 1 million cars with new battery swap network
CATL and BAIC partner on battery-swapping network targeting 1 million vehicles, expanding CATL’s push into China’s EV market and diversifying beyond one-time battery sales.
OpenAI and Poland’s NASK collaborate on AI safety research
OpenAI and Poland’s NASK are collaborating on AI safety research to advance safe AI development through joint work.
US, South Korean officials see little chance of Trump-Kim meeting in 2026
US and South Korean officials say a Trump-Kim meeting in 2026 is unlikely, as North Korea hasn't responded and time before November summits is short.
VietJet flights out of Changi unlikely to be affected despite carrier’s legal troubles: Experts
Experts say VietJet flights out of Changi are unlikely to be disrupted by a UK court’s global asset freeze over a US$250m debt, as daily operations can continue.
S’pore to tap biomethane as fossil gas replacement from 2028 in new pilot: Gan Kim Yong
Singapore will pilot biomethane imports from 2028 with Keppel, Sembcorp and Tuas Power, supplying up to 300MW, alongside S$143 million for industrial decarbonisation technologies.
Asian shares wobble as tech rout boosts bonds, dents rate hike bets
Asian shares fell as AI funding worries hit tech, driving investors to bonds and safe havens, cutting Fed rate-hike bets, while oil stayed high on Middle East tensions.
Keppel DC Reit's nine-month DPU up 11.7% on organic growth, acquisitions
Keppel DC Reit’s nine-month DPU rose 11.7% to 8.571 cents, with distributable income up 16.7%, revenue up 13.3%, driven by organic growth and acquisitions; leverage reached 36.2%.
Australian migration cuts to take heavy toll on economy with worker shortages expected
Australia's migration cuts risk severe labor shortages, hitting hospitality, tourism and farming. Businesses warn of reduced hours, closures, and higher prices as foreign worker numbers drop.
OpenAI shifts value to US$1.25 trillion as funding talks finalise
OpenAI is finalising a roughly US$30 billion funding round at a US$1.25 trillion valuation, down from US$1.4 trillion discussed, with commitments expected next week.
Trump invokes Cold War-era Defense Production Act for oil production, refining
Trump invoked the Cold War-era Defense Production Act, deeming oil production and refining essential to national defense to unlock funding and incentives amid surging fuel prices.
Treasuries surge as worldwide worries spark rush to safety
Treasuries rally as AI stock rout, French turmoil, and Middle East tensions drive investors to safe-haven US debt, sending yields sharply lower.