Culture
Time’s not ripe for SingPost to sell its flagship building
The share price of Singapore Post (SingPost) said it all about investors’ attitude towards the national postal service provider’s latest…
Section
Culture
Culture
CATL’s 1.8-billion euro German plant boosts China’s invest-abroad bet
[SINGAPORE/BERLIN] More than two years ago on the outskirts of a medieval German town, China’s biggest EV battery company placed a…
Culture
Yoma Strategic’s H2 profit falls 12.4% to US$18.3 million
Yoma Strategic Holdings posted a 12.4 per cent decline in net profit for the second half-year ended Mar 31 to US$18.3 million, from…
Culture
Julius Baer faces US$156 million loan loss charge
Julius Baer Group said it’s booking another large loss from property developments it helped finance, just as the Swiss wealth manager is…
Culture
Britain's M&S says cyberattack to cost US$400 million
British retailer Marks & Spencer said on Wednesday (May 21) a “highly sophisticated cyber” attack would cost it about US$403 million in…
Culture
Singapore’s ultra-rich among wealthy Asians snapping up property in Dubai
Property cooling measures may have dampened housing demand here, but Singapore’s ultra-rich are among high net-worth individuals (HNWI)…
Culture
Accenture to promote 50,000 staff after six-month delay
The move comes as the New York-listed company grapples with a pullback in client spending and greater scrutiny of US government contracts…
Culture
China threatens enforcers of US’s Huawei curbs with legal action
A said it could take legal action against anyone enforcing US restrictions on using Huawei Technologies’ artificial intelligence (AI)…
Culture
Nvidia says US export controls on AI chips to China were ‘a failure’
The world’s second-largest economy to invest aggressively to develop a supply chain that does not rely on manufacturers outside the…
Culture
Toyota takes all-hybrid plunge with its best-selling US vehicle
Toyota Motor is scrapping the petrol-powered version of its best-selling vehicle in the US as the Japanese carmaker doubles down on its…
Culture
Former Citigroup traders drop Hong Kong lawsuit on cost concerns
Two former Citigroup traders in Hong Kong abandoned their employment lawsuits after weighing the costs and difficulties of taking it to a…
Culture
Gold gains on weaker dollar, US fiscal concerns
Gold prices rose on Wednesday (May 21) as the US dollar slipped to a two-week low and investors sought safety amid US fiscal uncertainty,…
Culture
US sets the stage for duties on battery materials from China
The US Commerce Department set the stage for anti-subsidy duties on imports of key battery components from China, after concluding…
Culture
Maybank Securities positive on MAS equities review given niche in mid-cap players: CEO Aditya Laroia
The Singapore government’s attempt to revive its local stock market is a much-needed move to boost Singapore’s financial hub status, and…
Culture
Musk will reduce political spending, committed to being Tesla CEO in 5 years’ time
Elon Musk said he plans to significantly cut political spending and is committed to staying on as Tesla’s CEO for another five years,…
Culture
UBS to open Abu Dhabi office as more clients move to Mideast
Abu Dhabi has emerged as a magnet for the world’s wealthiest people over the past few years Group is opening a new office in Abu Dhabi as…
Culture
US: Wall St opens lower ahead of Fed commentary
Wall Street’s main indexes opened lower on Tuesday (May 20) as investors awaited commentary from Federal Reserve officials through the day…
Culture
Dasin Retail Trust trustee-manager hits back at claims in alternate director’s exit letter
The trustee-manager of Dasin Retail Trust (DRT) rebutted criticism from its former alternate director, who claimed in a resignation letter…
Culture
BMW to buy back more shares worth up to 2 billion euros
is buying back as much as 2 billion euros (S$2.9 billion) of stock starting this month. The carmaker’s management board approved the…
Culture
Chevron seeks big oil and gas blocks in Indonesia
Chevron is seeking blocks with potential reserves of around 15 trillion cubic feet of gas [TANGERANG, Indonesia] US oil major Chevron is…
Culture
Delfi’s Q1 Ebitda down 27.2% on weaker regional currencies, trade tensions
Chocolate confectioner Delfi ran up a 27.2 per cent drop in earnings before interest, taxes, depreciation and amortisation (Ebitda) to…
Culture
CDL posts S$1.9 billion in Q1 sales revenue in Singapore property development
Property developer City Developments (CDL) posted sales revenue of S$1.9 billion for its property development segment in the Singapore…
Culture
SLB Development shareholders okay privatisation offer from Lian Beng’s Ong family
Shareholders of SLB Development approved the scheme resolution proposed by Lian Beng Group’s board of directors – which comprises the…
Culture
WeRide joins Tencent Cloud to build smart driving services for overseas markets
Chinese self-driving startup WeRide said on Tuesday (May 20) that it will partner with Tencent Cloud to promote large-scale robotaxi…