Culture
Some Nexperia chip shipments resume as Germany welcomes ‘de-escalation’
[BERLIN/TOKYO] Semiconductor maker Nexperia has resumed some shipments of its vital chips, auto executives said on Friday (Nov 7), with Germany welcoming signs of de-escalation in a fight for...
US shutdown compounds worst year for currency trading since 2005
Traders less willing to stake big bets with a dearth of crucial economic and market positioning statistics [WASHINGTON] The longest US government shutdown in record is consigning currency traders...
Full ride-hailing licences being evaluated for Trans-Cab, Geolah beyond 2025: LTA
[SINGAPORE] With just under two months left on their one-year provisional permits to offer ride-hailing services, Trans-Cab and Geolah’s eligibility for full ride-hailing licences is being evaluated, the Land Transport...
Ikea profit falls 26% to 1.7 billion euros as US tariffs fuel costs
Overall sales from the company’s stores across 63 markets around the world fall for a second year in a row[LONDON] Sweden’s Inter Ikea, which supplies furniture to Ikea stores...
UMS Q3 earnings rise 1% to S$10.5 million, announces 1-for-4 bonus issue
[SINGAPORE] UMS Integration on Friday (Nov 7) reported a 1 per cent year-on-year rise in net profit to S$10.5 million for the third quarter ended Sep 30, on the...
Cortina’s H1 profit rises 10% to S$30.5 million amid stronger regional sales
[SINGAPORE] Luxury watch retailer Cortina posted a 10 per cent rise in net profit to S$30.5 million for the six months ended Sep 30, up from S$27.8 million a...
Boustead bags design-and-build deal for semiconductor facility
The contract comprises additions and alterations works to reconfigure an existing chip material manufacturing plant[SINGAPORE] Boustead announced that its engineering and construction business has won a design-and-build contract comprising...
Singapore shares buck regional trend; STI up 0.2%
Across the broader market, decliners outnumber advancers 318 to 233, after 1.3 billion securities worth S$2.2 billion change hands[SINGAPORE] Local shares bucked the regional trend to end higher on...
China starts work on easing rare earth export rules but short of Trump hopes
[BEIJING] China has begun designing a new rare earth licensing regime that could speed up shipments, but it is unlikely to amount to a complete rollback of restrictions as...
Netherlands ready to drop Nexperia control if China chip exports resume: sources
[AMSTERDAM] The Netherlands is prepared to suspend a so-called ministerial order that gave it control over Chinese-owned chipmaker Nexperia in a move that would de-escalate a fight with Beijing...
