DBS chairman Peter Seah to retire, with Anthony Lim set to take over
Lim will lead both DBS boards from January 1, 2027, while Seah will become a senior adviser for one year after retiring.
Globe And Street: global business and finance news
IPO & Deals
OpenAI's Brockman expects company to be ready for IPO in 2027
Enterprise customers now provide most of OpenAI's revenue as the company expands business sales, its president said.
Tech
NSW inquiry urges data center planning overhaul but rejects approvals pause
Committee members voted 6-1 to remove proposed moratorium recommendations, despite findings that approvals overlook combined resource and infrastructure pressures.
- WorldOIC anti-corruption officials seek closer cooperation on asset recovery
- MarketsUS stock futures rise ahead of Apple earnings as oil falls
- Economy & PolicyJapan services PMI rises to 51.7 as expansion extends to fifth month
- CompaniesDBS chairman Peter Seah to retire, with Anthony Lim set to take over
- IPO & DealsOpenAI's Brockman expects company to be ready for IPO in 2027
- Energy & CommoditiesSouth Korea explores Turkish energy funding as Sinop partner remains undecided
- Crypto & Digital AssetsBinance investigates possible breach as frozen crypto reaches $2.54 billion
- FinanceSequoia to close London office and end Arc and Scouts programs
- TechNSW inquiry urges data center planning overhaul but rejects approvals pause
OIC anti-corruption officials seek closer cooperation on asset recovery
Delegates in Azerbaijan focused on implementing a treaty designed to speed cross-border investigations and the return of stolen funds.
US stock futures rise ahead of Apple earnings as oil falls
Asian shares were mixed, while Brent crude fell 2.0% as talks aimed at ending the US-Israeli war on Iran continued.
Japan services PMI rises to 51.7 as expansion extends to fifth month
Domestic demand supported new orders in October, while hiring slowed and business confidence fell to its lowest level since March.
Snap tops 30 million paid subscribers as shares fall after earnings
Daily active users reached 495 million in the third quarter, below analysts’ expectations of 499 million.
Goldman and Apollo seek investors for $40 billion SpaceX chip financing
Some prospective investors have been approached about stakes of up to $500 million, according to a media report.
South Korea explores Turkish energy funding as Sinop partner remains undecided
A memorandum calls for examining funding options without specifying an amount, while Seoul seeks a role in Turkey’s second planned nuclear plant.
Binance investigates possible breach as frozen crypto reaches $2.54 billion
Tether and Circle froze assets linked to the incident, while Binance paused Alpha trading and said withdrawals would resume once the issue was resolved.
Sequoia to close London office and end Arc and Scouts programs
The venture capital firm says it has raised roughly $10 billion in new funds while combining investment teams and reducing internal hierarchy.
AI chip demand squeezes supply for other uses, Siltronic chief says
Siltronic lifted its annual sales outlook for a second time this year as wafer demand strengthened.