Culture
Thai banks’ bad loans highest in nearly 3 years, but manageable: central bank
THAI banks’ non-performing loans (NPLs) rose to 2.97 per cent of outstanding loans at the end of September, the highest level in nearly…
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Culture
Culture
Roche to acquire cell therapy maker Poseida Therapeutics in US$1.5 billion deal
SWITZERLAND’S Roche will acquire its US collaboration partner Poseida Therapeutics in a cash deal worth up to US$1.5 billion, banking on…
Culture
Global airfares set to rise yet again in 2025, Amex GBT says
GLOBAL airfares are set to become more expensive in 2025 even as gains moderate, according to an American Express Global Business Travel…
Culture
TPG is said in advanced talks to buy Siemens Gamesa India assets
TPG is in advanced talks to buy the Indian wind energy assets of Siemens Energy’s Gamesa unit, sources familiar with the matter said. TPG…
Culture
British Airways to introduce new first class to A380 jet in 2026
BRITISH Airways plans to introduce a new first class on its Airbus A380 double-deckers in mid-2026, betting that the most expensive seats…
Culture
Nissan falls on report of further production cuts, tariff threat
NISSAN Motor shares fell on Tuesday (Nov 26) after reports the struggling automaker plans to cut production in the US, and President-elect…
Culture
Japan competition authorities raid Amazon Japan: source
JAPAN’S Fair Trade Commission on Tuesday conducted an on-site inspection of Amazon Japan on suspicion of violating anti-monopoly laws, a…
Culture
Walmart, world’s biggest retailer, will curb diversity efforts
WALMART is reversing course on diversity, equity and inclusion (DEI) initiatives, joining a growing list of businesses retreating on DEI…
Culture
Qualcomm’s takeover interest in Intel is said to cool
QUALCOMM’s interest in pursuing an acquisition of Intel has cooled, according to sources familiar with the matter, upending what would…
Culture
EV battery maker calls for cheaper EU energy to counter China
THE South Korean owner of the European Union’s largest factory of electric vehicle (EV) batteries called on the bloc to reduce energy…
Culture
Singapore shares slip amid mixed Asia markets after Trump threatens tariffs; STI down 0.5%
SINGAPORE stocks fell on Tuesday (Nov 26), following a mixed picture in other Asian markets after US president-elect Donald Trump said he…
Culture
Addvalue seeks at least US$2.1 million from Chinese software company
It does not expect the commencement of arbitration proceedings to have a material impact on the company’s financial position ADDVALUE…
Culture
Sembcorp clinches 300 MW wind-solar hybrid power project from India’s state-run power producer
Upon its completion, energy and urban development company will sell power output from the project to NTPC under a 25-year contract INDIA’S…
Culture
Stocks to watch: Sats, Sembcorp
THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 26): Sats: The in-flight caterer…
Culture
Zoom gives in-line sales forecast while investors seek more
ZOOM Video Communications gave a sales forecast for the current quarter that failed to impress investors who were expecting a bigger boost…
Culture
BP looks forward to growth in US under Trump
BP ANTICIPATES strong growth in the US as President-Elect Donald Trump improves regulations on the oil and gas industry just as artificial…
Culture
UBS targets rich women as return to Australia strategy shapes up
UBS Group is returning to wealth management in Australia after it exited almost a decade ago, tapping the Credit Suisse franchise it…
Culture
Citigroup awards special retention bonuses for dozens, Bloomberg News reports
CITIGROUP’S wealth unit has greenlit special retention bonuses for dozens of personnel this year as the Wall Street giant looks to prevent…
Culture
Coffee prices surge to highest since 1997 on supply fears
COFFEE futures in New York climbed to the highest since 1997 on worries about crops in top growers, threatening to further raise costs for…
Culture
Macy's delays Q3 report on accounting issue, expects weaker sales
Macy’s on Monday (Nov 25) delayed the publication of its third-quarter results due to an accounting issue tied to delivery expenses and…
Culture
Sats unit to shed stake in Saudi Arabia subsidiary for S$52.6 million
IN-FLIGHT caterer and ground handler Sats intends to divest 49 per cent of its interest in its Saudi Arabia cargo-handling subsidiary for…
Culture
Thai banking system has large excess liquidity: central bank
THAILAND’S banking system has large excess liquidity and the central bank has not tightened its lending supervision, an assistant governor…
Culture
HSBC sustainability chief leaves after executive committee role dropped
HSBC’s chief sustainability officer, Celine Herweijer, has stepped down, the bank said on Monday (Nov 25), weeks after a management…
Culture
Europe: STOXX 600 hits two-week high
Europe’s main stock index opened at a two-week high on Monday (Nov 25), boosted by US President-elect Donald Trump’s Treasury Secretary…