Culture
5 Asian business titans who died in 2024, and created giant legacies
AS 2024 draws to a close, we take a look at the lives of prominent businessmen who died this year, and their legacies which left a big…
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Culture
Culture
5 Asian business titans who died in 2024, and their giant legacies
AS 2024 draws to a close, we take a look at the lives of prominent businessmen who died this year, and their legacies which left a big…
Culture
Intel says the idea of splitting up company is an open question
INTEL chief financial officer Dave Zinsner said that a formal separation of the company’s factory and product-development divisions is an…
Culture
Broadcom earnings top estimates after AI fuels sales growth
BROADCOM, a chip supplier for Apple and other big tech companies, posted better-than-expected profit in the fourth quarter after…
Culture
Venture capitalists eye exits to improve sentiment in 2025 as funding winter shows signs of easing
While VC activity was muted in the first half of 2024, things have started to pick up THE year 2024 has not been a good one for players in…
Culture
Trump woos Wall Street with corporate tax cuts at NYSE visit
DONALD Trump rang the New York Stock Exchange’s opening bell on Thursday (Dec 12), a celebratory moment for the president-elect who was…
Culture
US: Wall Street opens flat to lower after hot economic data
WALL Street’s main indexes opened flat to lower on Thursday (Dec 12) after the S&P 500 and the Nasdaq ended the previous session on a…
Culture
Euro, US dollar steady before ECB decision, Swiss franc falls on large rate cut
THE US dollar was broadly steady on Thursday (Dec 12) while the euro traded a touch higher before the European Central Bank’s monetary…
Culture
Temasek firm’s deal values Malaysia 5G winner at RM7.5 billion
A TEMASEK Holdings firm’s stake sale agreement values U Mobile at about RM7.5 billion (S$2.3 billion), according to people familiar with…
Culture
Temasek firm’s deal values Malaysia 5G winner at RM7.5 billion: sources
A TEMASEK Holdings firm’s stake sale agreement values U Mobile at about RM7.5 billion (S$2.3 billion), according to people familiar with…
Culture
Apple adds ChatGPT to iPhone in latest iOS update
APPLE on Wednesday (Dec 11) started integrating OpenAI’s ChatGPT into its devices, delivering on a long-awaited feature that investors…
Culture
Korean Air completes Asiana takeover to form one of Asia’s biggest airlines
KOREAN Air said on Thursday (Dec 12) it had completed its protracted purchase of South Korean rival Asiana Airlines, making it one of…
Culture
South Korea to safeguard competition after Korean Air, Asiana merger
SOUTH Korea will support smaller airlines and monitor market competitiveness after dominant carrier Korean Air completed a 1.8 trillion…
Culture
Microsoft expects US$800 million impairment charge in Q2 2025 over General Motors’ Cruise exit
MICROSOFT expects to record an impairment charge of around US$800 million in the second quarter of fiscal year 2025 over General Motors’…
Culture
Hong Kong’s US$38 billion year for M&A sparks rare bidding wars
THIS year is poised to be the busiest in nearly a decade for takeover deals involving a range of Hong Kong-listed companies, from…
Culture
Bitcoin lifted above US$100,000 on firming expectations of Fed cut
BITCOIN renewed a climb past US$100,000 after the latest US inflation data bolstered bets on another Federal Reserve interest-rate cut.…
Culture
UOBKH initiates ‘buy’ call on Oiltek with S$1.22 target price on strong order book
UOB Kay Hian (UOBKH) has initiated a “buy” call on vegetable and edible oil engineering process company Oiltek, with a target price of…
Culture
Singapore stocks open lower on Thursday; STI down 0.1%
SINGAPORE shares opened lower on Thursday (Dec 12), following declines in the key banking counters after mild inflation data fueled…
Culture
Insurer Income sets up new financial advisory unit and is ‘actively recruiting’: sources
HOME-GROWN insurer Income Insurance is taking a stab at a new business model as it looks at ways to grow its topline by expanding its…
Culture
Blackstone keen to boost Nippon Life ties after Resolution deal
BLACKSTONE signalled that it’s eager to strengthen its relationship with Nippon Life Insurance following the Japanese firm’s US$8.2…
Culture
ServiceNow restructures RiseUp workforce training programme, cuts staff
SERVICENOW is restructuring its user training programme RiseUp amid low job placement rates and a corporate backlash to diversity-focused…
Culture
Hershey’s main owner rejects Mondelez’s offer as too low
THE main owner of US chocolate maker Hershey has rejected a preliminary takeover offer from Mondelez International, sources familiar with…
Culture
Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending
PHOTOSHOP maker Adobe forecast fiscal 2025 revenue below Wall Street estimates on Wednesday (Dec 11), indicating the company’s investments…
Culture
Volatility could roil base metal markets in 2025; analysts favour copper, tin amid energy transition
Potential headwinds include stronger US dollar, escalating trade tensions and China’s economic momentum BASE metal prices have been lifted…