Culture
Samsung gets first woman CEO outside founding family in 86 years
FOR Samsung Group, this has been a year of milestones. First, a rare public apology from its flagship Samsung Electronics, followed by a…
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Culture
Culture
PEC says it has been approached by a third party over a possible share deal
SHARES of engineering company PEC have been on a tear lately and a possible reason for that has emerged. The company said in a bourse…
Culture
Mapletree Logistics Trust divests two warehouse properties in Japan for S$37.5 million
MAPLETREE Logistics Trust (MLT) has completed the divestment of two warehouse properties in Japan for 4.25 billion Japanese yen (S$37.5…
Culture
HSBC loses court challenge against 31.7 million euro EU cartel fine
HSBC on Wednesday (Nov 27) lost its challenge against a 31.7 million euro (S$44.8 million) EU cartel fine after Europe’s second top court…
Culture
Sanofi boosts preparedness with S$800 million Singapore plant
Modulus can also be reconfigured within a few days to transform between technological platforms, a process which traditionally takes…
Culture
OpenAI allows employees to sell US$1.5 billion stock to SoftBank: sources
CHATGPT-owner OpenAI is allowing its employees to sell roughly US$1.5 billion worth of shares in a new tender offer to Japan’s SoftBank…
Culture
Indonesia’s biggest taxi firm bets BYD plant to cut EV prices
Blue Bird aims for electric vehicles to account for 3% of its fleet by next year and to gradually increase the number to 20% by 2030…
Culture
Euro’s bruising leaves global investors on edge
AS THE euro heads for its worst month since early 2022, analysts warn that a wild ride in the currency could be the next source of global…
Culture
Leaked BYD letter signals China EV price war is set to intensify
BYD has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle (EV) maker is preparing for the brutal…
Culture
Hot stock: SingPost climbs 4.5% after talks of potential divestment of Australian business
Its Australia segment includes fourth-party logistics services, third-party logistics solutions and last-mile courier delivery Shares of…
Culture
Financial institutions, companies in Singapore have enough buffer to weather shocks: MAS
COMPANIES and financial institutions in Singapore have enough buffers to manage shocks to their incomes and financing costs as their…
Culture
RBNZ flags another big cut after second half-point move
NEW Zealand’s central bank chief suggested a further large cut in interest rates would be delivered early next year if the economy evolves…
Culture
Hello Kitty stock sinks most since 2014 on share sale plan
SANRIO shares tumbled the most since May 2014 after the brand owner of Hello Kitty said holders including its president will sell shares…
Culture
Crypto exchange Kraken shuts down NFT marketplace
THE crypto exchange Kraken is shutting down its non-fungible token (NFT) marketplace almost two years after the platform was launched,…
Culture
Singapore stocks edge lower as tariff concerns weigh on investor sentiment; STI down 0.1%
SINGAPORE stocks closed slightly lower on Wednesday (Nov 27), mirroring a mixed performance across other Asian markets as investors…
Culture
Elite UK Reit to divest office building Hilden House for £3.3 million
ELITE UK Real Estate Investment Trust (Reit) has entered a contract to divest Hilden House, an office building in Warrington, England, for…
Culture
Japan’s top chip distributor eyes acquisitions in China, India
JAPANESE chip distributor Macnica Holdings is seeking possible acquisition targets in other parts of Asia, a sign of industry pressures to…
Culture
Starbucks workers to get only 60% bonus on worst year since 2020
MANY Starbucks corporate workers are only getting 60 per cent of their overall bonuses for the company’s most recent fiscal year due to…
Culture
VinFast’s loss narrows, revenue jumps on higher EV sales
VINFAST Auto said its third-quarter loss narrowed and revenue jumped as the company delivered more cars. The Vietnamese electric vehicle…
Culture
HP gives lacklustre profit outlook on slow PC market recovery
HP GAVE an outlook for profit in the current quarter that fell short of estimates, suggesting a setback in the personal computer (PC)…
Culture
Core portfolio with US equities could mitigate impact of looming ‘seismic changes’
AS THE global market enters an uncertain inflationary macro environment with Donald Trump “in the driving seat” of the United States (US)…
Culture
Singapore-listed Dow ETF offers local investors a gateway to US stocks, say panellists
PANELLISTS Jermyn Wong, head of intermediary, South-east Asia, State Street Global Advisors Geoff Howie, market strategist, Singapore…
Culture
Bank of America down a notch on ‘too big to fail’ list
THE body that monitors the global financial system on Tuesday (Nov 26) moved US lender Bank of America down a notch and French counterpart…
Culture
US: S&P 500, Nasdaq open higher as investors assess Trump’s tariff threats
THE benchmark S&P 500 and the Nasdaq opened higher on Tuesday (Nov 26), with investors assessing Donald Trump’s tariff pledges on top…