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Lockheed Martin lifts 2025 forecasts on robust defence demand
The company’s total revenue rose 8.8% to US$18.61 billion in the third quarter, above analysts’ average estimate of US$18.56 billion[WASHINGTON] US defence contractor Lockheed Martin raised its 2025 forecast...
Bank of England’s Bailey warns First Brands, Tricolor collapses may herald worse to come
[LONDON] The recent collapses of US car parts maker First Brands and auto dealership Tricolor may be a warning of much bigger financial problems to come and the Bank...
OpenAI recruits ex-bankers to train AI to eliminate banking grunt work
Participants are paid US$150 per hour to write prompts and build financial models for a range of transaction types[NEW YORK] OpenAI has more than 100 ex-investment bankers helping train...
Soilbuild Construction mulls spinoff, SGX listing of precast and prefab business
Potential listing will be subject to market conditions, commercial negotiations and relevant regulatory and approvals[SINGAPORE] Soilbuild Construction is exploring spinning off and listing its precast and prefabrication business on...
Soilbuild Construction mulls spin-off, SGX listing of precast and prefab business
Potential listing will be subject to market conditions, commercial negotiations and relevant regulatory and approvals[SINGAPORE] Soilbuild Construction is exploring spinning off and listing its precast and prefabrication business on...
Overnight Wall Street rally lifts Singapore counters; STI rises 1.2%
Across the broader market, gainers outnumber decliners 429 to 199 after 1.6 billion securities worth S$1.7 billion change hands[SINGAPORE] An overnight rally on Wall Street – fuelled by optimism over...
Global carmakers race to beat China’s rare earths deadline
[LONDON/BERLIN] Global automakers are scouring the globe for crucial rare earths ahead of looming Chinese export controls, with executives worried they could lead to parts shortages and plant closures.Rare...
Seatrium must manage its risks well as it tackles offshore headwinds
The company’s best defence is to broaden its non-oil and gas portfolio, in both geography and technology[SINGAPORE] The unexpected termination of a US$475 million contract highlights Seatrium’s exposure to...
Sea CEO Forrest Li sees path to US$1 trillion market cap with help of AI
But the company is battling deep-pocketed global challengers, including TikTok Shop and LazadaSEA founder Forrest Li told employees that a trillion-dollar market capitalisation – an increase of about 10...
Shares of doormaker surge as it secures planning permit for student accommodation in Australia
[SINGAPORE] Shares of Singapore doormaker HS Optimus surged on Tuesday (Oct 21), after it secured a permit for a 14-storey purpose-built student accommodation (PBSA) in Melbourne, Australia. HS Optimus...
