Business

OpenAI seeks at least $30 billion in early funding talks at about $1.4 trillion valuation, as bridge financing before a possible IPO, Bloomberg reports.

China lithium carbonate futures fell 25% in September 2026 on fears battery demand can't absorb overcapacity; some analysts say drop is overdone.

US consumer confidence fell 6.7 points to 81.9 in September, lowest since 2014, amid pessimism over the economy, jobs and high living costs.

Saudi Arabia resumed oil loadings at its Yanbu port following the restart of the East-West Pipeline, boosting Middle East crude exports disrupted by recent drone attacks.

India is fast-tracking its semiconductor industry by leveraging foreign expertise and investments to build chip packaging facilities and integrate into the global supply chain.

Anthropic warned investors in its IPO prospectus that advanced AI could pose existential risks to humanity, citing safety evaluation challenges and uncertain returns on safety research.

AMD agreed to acquire AI start-up World Labs, founded by Fei-Fei Li, for US$8.2 billion in stock to strengthen its AI models and better compete with Nvidia.

VIS and NXP opened their US$7.8 billion VSMC chip fabrication plant in Singapore, set to create 1,600 jobs and produce 44,000 wafers monthly by 2029.

Singapore electricity retailers have introduced new plans as households increasingly lock in fixed-price contracts to protect against rising tariffs fueled by Middle East tensions.

Singapore's Temasek has acquired a 9% stake in Italian equity investor FSI and committed capital to future funds to deepen its mid-market exposure in Italy.

Singapore’s manufacturing output grew 15.4% year on year in August, driven by sustained global AI demand and sharp expansions in precision engineering and electronics.

Singapore investors drive 46% of Hong Kong's foreign commercial investment this year, favoring commercial assets over residential ones due to easier remote management.