World Business News
Oil Jumps $3 on Houthi Claims of Saudi Energy Attacks
Brent rose US$3.06 to US$95.82 after Houthis claimed attacks on Saudi energy sites and tankers were reported hit near Hormuz.
Category: World Business News
Tech
Mastercard Opens Largest Asia Pacific Innovation Centre in Singapore
Mastercard opened its largest Asia Pacific innovation centre in Singapore, with an AI unit and plans for over 250 new roles.
World Business News
Trump Threatens to Double Mexico Tariffs Over Migrant Caravans
Trump threatened to double Mexico tariffs on Mexican goods over migrant caravans, while Sheinbaum said none had reached the US border.
World Business News
Sea’s Monee Loan Book Hits US$12.6 Billion, Eyes Listing
Sea's digital finance arm Monee grew its loan book 60% to US$12.6 billion and plans a standalone listing within three years.
Tech
Andhra Pradesh Approves Rs313.87 Billion Green AI Data Centre
Andhra Pradesh cleared a 512MW green AI data centre worth Rs313.87 billion as Naidu said Google's hub remains on track.
World Business News
Naver Wins $1.5 Billion AI Deal as Quarterly Profit Falls
Naver signed a 2 trillion won AI computing contract with a US firm as third-quarter operating profit fell 20.9%.
World Business News
Huang’s Exit Clouds Nvidia Demand Outlook for Korean Chipmakers
Jensen Huang's departure from Nvidia raises uncertainty for SK hynix and Samsung, though long-term HBM supply deals offer a buffer.
World Business News
China Offshore Trust Tax Declarations Top 160 Billion Yuan
Chinese taxpayers declared over 160 billion yuan in offshore trust income tax, lifting October income tax revenue nearly 90%.
World Business News
Burberry Profit Jumps as Sales Grow for Fifth Straight Quarter
Burberry's half-year operating profit returned to the black as comparable sales rose 4%, led by the Americas and China.
World Business News
Hancock Whitney to Buy Trustmark in $3.2 Billion Stock Deal
Hancock Whitney agrees to buy Mississippi lender Trustmark in an all-stock deal creating a bank with about $58 billion in assets.
World Business News
Nvidia CEO Jensen Huang Resigns; Colette Kress Named Interim Chief
Nvidia chief Jensen Huang has resigned after affair revelations, with CFO Colette Kress stepping in as interim chief executive.
World Business News
OPEC+ Output Nears Pre-Iran War Levels Despite Hormuz Disruption
OPEC+ pumped 41.23 million barrels per day in October, about 97 percent of February's level, led by a jump in Saudi output.
World Business News
Singapore Cash Payouts to Reach PayNow Users First
About 3 million Singaporeans will get S$100 to S$250 in December, with PayNow-NRIC users paid first from December 8.
Tech
UK Chip Startup Fractile Hits $7 Billion Valuation
British AI chip startup Fractile raised $720 million in a Series C round, valuing it at $7 billion with UK state backing.
World Business News
Thailand Says US Tariff Talks Concluded on Main Principles
Thailand's foreign minister says US tariff talks are concluded on main principles, with details and parliamentary approval still pending.
ASEAN
Bank Indonesia Rolls Out Payment Data System to Fight Fraud
Bank Indonesia will phase in a payment system data infrastructure from November 2026 to 2028 to curb fraud and widen inclusion.