Culture
Wells Fargo expects more job cuts, will roll out AI gradually in 2026
Wells Fargo expects more cuts to its workforce and sees higher severance expenses in the current fourth quarter, CEO Charlie Scharf said…
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Culture
Culture
Global airlines set for record US$41 billion net profit next year: Iata
Global airline trade body Iata said on Tuesday the airline sector would post record profits next year despite ongoing supply-chain issues…
Culture
LMIRT launches rights issue to raise S$63 million
Most of the proceeds will go towards paying off loans; some of it will be used for general working capital Lippo Malls Indonesia Retail…
Culture
Wall Street subdued at open as Fed rate cut decision nears
Wall Street’s main stock indexes were subdued at the open on Tuesday (Dec 9) as investors awaited the Federal Reserve’s policy decision,…
Culture
Accenture, Anthropic strike multi-year partnership to boost AI adoption
The tie-up reflects enterprise efforts across industries to upskill their workforce on AI technologies [DUBLIN, Ireland] Accenture and…
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Microsoft unveils US$23 billion in new AI investments with big focus on India
Microsoft on Tuesday (Dec 9) unveiled about US$23 billion in new artificial intelligence investments, with the bulk earmarked for India as…
Culture
BMW names veteran Nedeljkovic as CEO to tackle China, Tesla
BMW named 30-year company veteran Milan Nedeljkovic as its next CEO on Tuesday (Dec 9) to replace long-time chief Oliver Zipse, as the…
Culture
Novartis strikes deal with UK biotech for up to US$1.7 billion
Novartis is on a deal spree this year, including the US$12 billion acquisition of Avidity Biosciences Novartis will pay UK biotech…
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YZJ Maritime, Centurion Accommodation Reit among latest additions to iEdge Singapore indices
The combined weightage of these two counters and Golden Agri-Resources will be around 9% Yangzijiang (YZJ) Maritime, Centurion…
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Apac airlines to increase net profit by 6.5% to US$6.6 billion in 2026: Iata
Asia-Pacific airlines are projected to record US$6.6 billion of net profit in 2026, up from S$6.2 billion in 2025, the International Air…
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BOJ’s Ueda says Japan is getting closer to sustainable inflation
Markets bet the central bank will lift rates to 0.75%, the highest since 1995, on Dec 19 Bank of Japan (BOJ) governor Kazuo Ueda said the…
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Singapore stocks gain more ground on Tuesday as regional indices end mixed
Across the broader market, gainers trail losers 262 to 265, after 1.1 billion securities worth S$1.1 billion change hands Stocks in…
Culture
How the battle over Warner Bros turned into a blockbuster
Netflix seeks studios and streaming only, while Paramount bids for the entire group Who ends up with the assets of Warner Bros Discovery,…
Culture
India aviation regulator asks IndiGo to cut 5% of winter flights
The government has launched an investigation into how the airline ended up in its predicament India’s aviation regulator ordered IndiGo to…
Culture
South Korea police raid e-commerce giant Coupang over data leak
Personal information of 33.7 million customers had been leaked – almost two-thirds of the population South Korean police raided the Seoul…
Culture
BHP strikes US$2 billion funding deal with GIP for iron ore power network
The two firms will form an entity in which BHP will hold a 51% stake and GIP the remaining 49% stake BHP Group said on Tuesday (Dec 8)…
Culture
Australia’s central bank holds rates steady, signals no rush to hike
The mood among consumers, long stuck in the doldrums, has turned positive in a boost to the outlook for household spending Australia’s…
Culture
Google says first AI glasses with Gemini will arrive in 2026
Competition is heating up in the emerging category of AI and augmented reality, or AR, glasses Alphabet’s Google said that it’s working to…
Culture
Most markets track Wall St losses as jitters set in ahead of Fed
Bets on a third successive cut have surged on the back of data pointing to a weakening jobs market Most stocks fell in Asia on Tuesday…
Culture
Gold rises but investors stay cautious about ‘hawkish’ Fed tone
Gold edged higher on Tuesday (Dec 9), even as investors pulled back slightly on US rate cut bets, reflecting caution that the US Federal…
Culture
Stocks to watch: OCBC, Jardine Matheson, Mandarin Oriental, SingPost
The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 9): OCBC: The bank’s mezzanine…
Culture
Mandarin Oriental shareholders approve Jardine Matheson privatisation offer
Shareholders of Mandarin Oriental International on Monday (Dec 8) voted in favour of Jardine Matheson’s cash takeover bid that values the…
Culture
Trump eyes tariffs over cheap Canadian fertiliser, Indian rice
The US president is facing mounting pressure to address high consumer prices and persistent inflation US President Donald Trump signalled…
Culture
Oil falls 2% as Iraqi oilfield production restored, Ukraine talks continue
Oil prices slipped 2 per cent on Monday (Dec 8) after Iraq restored production at one of its oilfields which accounts for 0.5 per cent of…