Culture
KGI starts Ever Glory at ‘outperform’ with S$1.20 target amid high construction demand in Singapore
Its asset-light model and careful working-capital management enable disciplined expansion, says analyst [SINGAPORE] KGI Securities has initiated coverage on Ever Glory United with an “outperform” rating and a target...
Chip shortage lingers as Honda to halt output in Japan, China
HONDA Motor will halt production at plants in Japan and China in coming weeks, highlighting the lingering fallout of the global chip shortage.The Japanese carmaker will suspend output in...
Apple makes changes to iOS software in face of stricter Japanese rules
APPLE is making changes to its iOS software in Japan to comply with a new local law aimed at fostering competition, part of broader efforts by the iPhone maker to...
Coinbase announces entry into prediction markets, stocks
COINBASE Global has announced its entry into prediction markets and equities trading.The biggest crypto exchange in the US said on Wednesday it’s starting to roll out both services, which...
Stocks to watch: Singtel, Stoneweg Europe Stapled Trust, Acrophyte Hospitality Trust, HG Metal
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Dec 18): Singtel: The board of its unit, Optus, on Thursday released a...
Stoneweg Europe Stapled Trust refinances, extends 85 million euro facility agreement
[SINGAPORE] The managers of Stoneweg Europe Stapled Trust (Sert) on Thursday (Dec 18) announced that it has refinanced and extended an 85 million euro (S$128.9 million) unsecured facility. As...
US FTC probes Instacart’s AI pricing tool, source says; shares drop
Shoppers viewing Instacart prices saw wildly different prices for the same items sourced at the same storesTHE US Federal Trade Commission is probing Instacart, two sources familiar with the...
Review of Optus emergency calls outage finds process, accountability gaps
The report finds that ‘challenges in Optus’ culture’ affected decision-making and response times[SINGAPORE] An independent review into Optus’ major September outage has uncovered gaps in process, accountability, and escalation...
ANZ hit with second “strike” as shareholders dissent over pay report
AUSTRALIAN lender ANZ Group’s new CEO will forgo his short-term bonus this year, while a significant minority of shareholders opposed the bank’s executive pay report at its 2025 annual general meeting.Shareholders...
Sembcorp’s purchase of Alinta has green risks
Post-acquisition, the Australian utility may present significant capital expenditures or a slower-than-expected green transition[SINGAPORE] At the heart of Sembcorp’s plan to buy Australian utility Alinta Energy is the chance...
