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OpenAI nears record US$40 billion funding round led by SoftBank
[NEW YORK] OpenAI is close to finalising a US$40 billion funding round led by SoftBank Group – with investors including Magnetar Capital, Coatue Management, Founders Fund and Altimetre Capital Management…
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Wall Street bonuses jump 32% as total surges to record
One in every 11 jobs in the city is either directly or indirectly associated with the securities industry [NEW YORK] Wall Street banker bonuses rose 31.5 per cent to an…
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Indonesian rupiah to hit record low on fiscal woes: analysts
[MUMBAI] Analysts see Indonesia’s rupiah declining to a record low in the short term as political and economic worries continue to grow in South-east Asia’s biggest economy. The currency may…
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Chinese EV Giant BYD Surpasses Rival Tesla With Record 2024 Revenue
Chinese carmaker BYD saw a surge in revenue last year, surpassing the $100 billion mark and beating rival Tesla as the electric vehicle giant accelerates its overseas expansion. The Shenzhen-based…
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Chinese EV maker Nio’s net loss deepens in Q4 despite record vehicle delivery
[SINGAPORE] Chinese electric vehicle (EV) maker ’s net loss deepened to 7.1 billion yuan (S$1.3 billion) in the fourth quarter ended Dec 31, 2024, despite delivering a record number of…
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UOB CEO Wee Ee Cheong’s 2024 pay down 5.5% at S$15 million despite record net profit
[SINGAPORE] UOB chief executive officer Wee Ee Cheong’s annual salary for 2024 dipped, despite the bank reporting a record net profit for the full year. Wee, who is also deputy…
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UOB CEO Wee Ee Cheong’s 2024 pay down 5.7% at S$15 million despite record net profit
[SINGAPORE] UOB chief executive officer Wee Ee Cheong’s annual salary for 2024 dipped, despite the bank reporting a record net profit for the full year. Wee, who is also deputy…
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Tesla trade-ins on pace for record high amid Musk backlash
[SAN FRANCISCO] Motorists have traded in a record number of Tesla electric vehicles (EVs) this month, Edmunds data showed, amid a wave of protests against CEO Elon Musk’s work as…
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Gold unchanged near record high as global uncertainties raise demand
[BENGALURU] Gold held steady on Friday (Mar 21) to trade below its record high hit in the previous session, supported by safe-haven demand arising from geopolitical and economic uncertainty, while…
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Gold climbs to record high as Fed signals two rate cuts in 2025
[BENGALURU] Gold soared to a record high on Thursday (Mar 20), as the US Federal Reserve hinted at a possible easing of interest rates by half a percentage point by…
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Record Numbers Forced To Flee Climate Disasters: UN
Hundreds of thousands of people were forced to flee climate disasters last year, the United Nations said Wednesday, highlighting the urgent need for early warning systems covering the entire planet.…
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Gold hovers near record high as Mideast woes, US tariff concerns linger
[BENGALURU] Gold traded just below the record high hit in the previous session on Wednesday (Mar 19), supported by safe-haven demand spurred by geopolitical tensions and tariff uncertainty, while traders…
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China banks cut consumer loan rates to record low to spur demand
[NEW YORK] Chinese banks are slashing rates on consumer loans to record lows as policymakers ramp up stimulus to stabilise growth and counter US President Donald Trump’s tariffs. Lenders across…
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Gold rises to record on Middle East tension, US economy concerns
[BENGALURU] Gold rose to a record high above US$3,017 an ounce as an escalation in Middle East tensions underscored its haven appeal, and investors weighed data that fuelled concern the…
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Chinese data centre firm GDS seeks record US$3.4 billion loan
The unit has data centres in countries including Singapore, Malaysia, Indonesia, Thailand, Hong Kong and Japan CHINESE data centre operator GDS Holdings is seeking a US$3.4 billion-equivalent loan for its…
