Culture
Aviva is said to boost Direct Line takeover bid to £3.4 billion
AVIVA has increased its offer for Direct Line Insurance Group to about £3.4 billion (S$5.8 billion), days after its initial proposal to…
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Culture
Culture
Property tycoon Gordon Tang and wife make conditional offer of S$1.16 each to acquire all units of Suntec Reit
PROPERTY tycoon Gordon Tang and his wife Celine have made a mandatory conditional cash offer to acquire all the units of Suntec Real…
Culture
Opec+ delays revival of its oil production by three months
OPEC+ delayed the revival of its oil production by three months, a delegate said, the third time it has deferred the move while crude…
Culture
S&P places Singapore Post on credit watch negative following strategy reset, sale of Australia business
GLOBAL ratings agency S&P said on Thursday (Dec 5) it has placed Singapore Post (SingPost) on CreditWatch negative, following a change in…
Culture
Sembcorp unit signs 10-year LNG supply deal with Chevron
The delivery of about 0.6 million tonnes of liquefied natural gas a year is expected to start in 2028 A SEMBCORP Industries wholly-owned…
Culture
Cognac and champagne makers seek to boost US exports to avoid tariff risks
PRODUCERS of Cognac and Champagne are seeking to ship more bottles to the US as they brace for potential extra tariffs under…
Culture
Foxconn posts muted monthly sales growth while AI demand slows
APPLE’S major manufacturing partner Hon Hai Precision Industry reported a second consecutive month of single-digit sales growth, raising…
Culture
Prudential Financial promotes Andy Sullivan to CEO, succeeding Lowrey
PRUDENTIAL Financial promoted Andy Sullivan to succeed Charlie Lowrey as chief executive officer amid a broader shakeup of the insurer’s…
Culture
Hot stock: OKH Global surges 38.9% after proposed acquisition of Chip Eng Seng
The company says the purchase could present a new growth opportunity in the building and construction industry SHARES of OKH Global surged…
Culture
How Citi lost US$17 million on biggest Aussie block trade in years
CITIGROUP undercut rivals this week to win the biggest block trade in Australia in seven years, only to see the deal unravel and leave the…
Culture
MAS extends deadline to cease corporate cheques to end-2026
THE Monetary Authority of Singapore (MAS) will extend the deadline to cease the processing of corporate cheques to the end of 2026. This…
Culture
Schneider Electric working with Nvidia to design data centre cooling systems
FRENCH electrical equipment maker Schneider Electric is working with Nvidia to develop designs for data centre cooling systems for use in…
Culture
Keppel partners Amazon Web Services on generative AI, sustainable infrastructure
The global asset manager is developing a cable system, which will be ‘the largest capacity high-speed transmission cable’ across the…
Culture
Bitcoin storms above US$100,000 as bets on Trump fuel crypto euphoria
Bitcoin catapulted above US$100,000 for the first time on Thursday (Dec 5), a milestone hailed even by sceptics as a coming of age for…
Culture
Nissan boss Uchida races to save the automaker - and his job
IN EARLY October, Nissan Motor managers dialed in for a regular online meeting with boss Makoto Uchida only to hear a grim message:…
Culture
CLI acquires Osaka facilities from self-storage manager to expand Japan porfolio
They are part of a strategic alliance with Ambitious to expand ESA’s portfolio in the company’s focus market of Japan CAPITALAND…
Culture
Stocks to watch: CapitaLand Investment, Hong Fok, OKH
THE following companies saw new developments that may affect trading of their securities on Thursday (Dec 5): CapitaLand Investment (CLI):…
Culture
TikTok Shop triples Black Friday sales, topping US$100 million
TIKTOK tripled its US shopping sales to more than US$100 million on Black Friday, a sign of the app’s growing popularity despite a looming…
Culture
Disney boosts dividend 33% after achieving streaming profit
WALT Disney raised its annual dividend by 33 per cent to US$1 a share, another sign that a turnaround plan put in place two years ago is…
Culture
JPMorgan to sponsor Arsenal FC’s ultra-luxury VIP lounge
JPMORGAN is to sponsor the most prestigious part of English football club Arsenal FC’s Emirates Stadium in London, according to sources…
Culture
Robinhood to launch in Asia in 2025 with Singapore HQ
ROBINHOOD Markets will expand into Asia next year, tapping Singapore as its local base in the region, CEO Vlad Tenev said. “We plan to be…
Culture
7-Eleven operators in Singapore, Thailand chow down on ready-to-eat segment
Strategy has potential to drive growth and can counter tobacco and alcohol sales being affected, say analysts THE 7-Eleven brand of…
Culture
Bankers can expect a bumper bonus after standout year, but hopefully it won’t be an obscene sum
Bank profits hit all-time highs for the first nine months of 2024, with their share prices reaching multi-year peaks DECEMBER conjures up…
Culture
Apple facing hurdles in adapting Baidu AI models for China, The Information reports
APPLE and Baidu are working to add AI features to iPhones sold in China, but are facing hurdles that could hurt the tech giant’s phone…