Culture
JPMorgan expects criticism over its DEI policy
The bank’s latest annual filing has only one mention of DEI, in contrast with six mentions in the previous year JPMORGAN Chase expects to…
Section
Culture
Culture
Family offices bet on Nvidia before US$589 billion DeepSeek rout
INVESTMENT firms for the world’s ultra-rich boosted their Nvidia allocations ahead of the DeepSeek-driven sell-off. Family offices for…
Culture
GM closing plant in China as part of restructuring
GM is restructuring its business in China, where domestic manufacturers backed by government subsidies have taken over the market GENERAL…
Culture
Intel flirts with historic weekly gain on partnership rumours
INTEL shares are on track for their biggest one-week gain on record, as unconfirmed discussions about a partnership with a key rival…
Culture
Blackstone weighs US$2 billion sale of gas explorer Olympus
BLACKSTONE is exploring a sale of Olympus Energy, a natural gas explorer in the Appalachian region that could be valued at up to US$2…
Culture
Meta layoffs hit Singapore as tech giant cuts global workforce
JOB cuts by social media giant Meta have hit Singapore, according to public posts on professional networking platform LinkedIn and sources…
Culture
Lower inflation wouldn’t assure rate cuts, Fed’s Lorie Logan says
US FEDERAL Reserve Bank of Dallas president Lorie Logan urged policymakers to remain cautious in the coming months, reiterating lower…
Culture
Nokia to gain unconditional EU nod for US$2.3 billion Infinera deal: sources
The European Commission is scheduled to finish its preliminary review of the deal by Feb 26 NOKIA is set to secure unconditional EU…
Culture
Italy investigates Amazon over alleged 1.2 billion euro tax evasion
ITALIAN prosecutors are investigating e-commerce giant Amazon and three of its executives over alleged tax evasion worth 1.2 billion euros…
Culture
Oil settles lower, supply worries ease on hopes for Ukraine peace deal
OIL prices settled down on Friday (Feb 14) on prospects for a peace deal between Russia and Ukraine that could ease global supply…
Culture
Europe: Shares log longest weekly streak of advances in a year
EUROPE’S main stock index closed lower on Friday (Feb 14), as investors paused following four successive sessions of gains, while luxury…
Culture
US: Stocks end volatile week on muted note
WALL Street stocks finished mixed on Friday (Feb 14) following lacklustre US retail sales data in a muted finale to a volatile week. US…
Culture
UOI’s net profit increases 10% to S$27 million in H2 FY2024
UNITED Overseas Insurance, the insurance arm of UOB, posted a net profit of S$27 million for the second half of its 2024 fiscal year ended…
Culture
UOI’s H2 profit down 9.8% at S$15.6 million
UNITED Overseas Insurance, the insurance arm of UOB, posted a net profit of S$15.6 million for the second half of its 2024 fiscal year…
Culture
Nvidia cuts stake in Arm Holdings, discloses position in China’s WeRide
NVIDIA reduced its stake in British chip firm Arm Holdings by about 44 per cent and exited its holdings in Serve Robotics and SoundHound…
Culture
Grand Centrex’s Nasdaq listing fuels ambitions of becoming video game developer
It aims to eventually build a sizeable game studio in Singapore, capable of producing blockbusters VIDEO game distributor and publisher…
Culture
US: Wall St subdued at open as markets await tariff details
WALL Street’s main indexes opened flat on Friday (Feb 14), as investors awaited more clarity on US President Donald Trump’s reciprocal…
Culture
Initial MAS review group incentives could pull in regional biotech, fintech players: observers
High-growth companies in the technology, healthcare and sustainability-linked industries are potential entrants, too MARKET watchers…
Culture
MAS review group incentives could pull in regional biotech, fintech players: observers
High-growth companies in the technology, healthcare and sustainability-linked industries are potential entrants, too MARKET watchers…
Culture
Bordeaux wine harvest drops to lowest level since 1991
Cold weather, disease and capacity cuts pushed wine production in France’s Bordeaux region last year to a low not seen in three-and-a-half…
Culture
SIA Engineering Q3 net profit up 19.7% to S$38.2 million
SIA Engineering (SIAEC) reported that its net profit for the third quarter ended Dec 31, 2024, increased 42 per cent to S$38.2 million,…
Culture
Paragon Reit appoints PrimePartners as IFA for privatisation offer
PARAGON Real Estate Investment Trust (Reit) has appointed PrimePartners Corporate Finance as the independent financial adviser (IFA) for…
Culture
Fu Yu warns of loss for FY2024 on non-cash impairments of S$4 million
Excluding these, the group expects to post an operating profit and an improvement in financial performance for the fiscal year…
Culture
Singapore shares buck regional trend; STI slides 0.1%
SINGAPORE shares ended in the red on Friday (Feb 14), after hitting a record high earlier in the week. The benchmark Straits Times Index…