Culture
EV maker Rivian gives CEO a Musk-style pay package worth up to US$4.6 billion
EV MAKER Rivian on Friday said it was giving its CEO a pay plan worth as much as US$4.6 billion over the next decade, a deal similar to…
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Culture
Culture
US Justice Department probes meatpackers for price manipulation, collusion
The US is investigating meatpacking companies, the attorney general said on Friday, after President Donald Trump accused the companies of…
Culture
France moves to suspend Shein website amid sex doll probe
THE French government said on Wednesday it would suspend the Shein digital platform until the Asian e-commerce giant complied with French…
Culture
US: Wall Street ends mixed on signs of shutdown progress
The Nasdaq closed lower but the S&P 500 and the Dow eked out late-session gains on Friday as investors turned the page on a roller-coaster…
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Europe: Stoxx 600 ends volatile week lower; ITV soars
EUROPEAN shares ended a volatile week lower on Friday, as worries about elevated valuations of technology-related stocks persisted, while…
Culture
Crude oil recovers late in session on hopes over US-Hungary meeting
Crude prices recovered from a midday dip on Friday on hopes Hungary can use Russian crude oil as US President Donald Trump met Hungary’s…
Culture
Sri Trang Agro-Industry posts Q3 loss of 841.9 million baht amid lower rubber prices, tariff uncertainty
Sri Trang Agro-Industry fell into the red with a net loss of 841.9 million baht (S$33.8 million) for the third quarter ended Sep 30,…
Culture
UBS joins list of star tenants in GIC-backed Mumbai tower: sources
The bank will move staff to the Altimus, a building jointly owned by GIC and India’s K Raheja UBS Group is taking up new office space in a…
Culture
Sri Trang Gloves Q3 loss widens to 106 million baht on impairment, derivative losses
The steeper net loss comes as its top line decreases 5.6% year on year to 6.1 billion baht, even as sales volume rises Sri Trang Gloves’…
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Nvidia CEO Jensen Huang says AI chip sales to China are blocked for now
The company is not trying to revive efforts to get Blackwell AI chips to Chinese firms Nvidia chief executive officer Jensen Huang said…
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US: Wall Street set for weekly declines as concerns over economy, tech valuations weigh
Wall Street’s main indexes opened lower on Friday (Nov 7), and were set for sharp weekly declines, as concerns about the economy and…
Culture
Indonesia discussing plan for merger of Grab and GoTo: official
Indonesia is discussing a possible merger or acquisition between ride-hailing and food delivery firm Grab and its rival GoTo, the…
Culture
Some Nexperia chip shipments resume as Germany welcomes ‘de-escalation’
[BERLIN/TOKYO] Semiconductor maker Nexperia has resumed some shipments of its vital chips, auto executives said on Friday (Nov 7), with…
Culture
US shutdown compounds worst year for currency trading since 2005
Traders less willing to stake big bets with a dearth of crucial economic and market positioning statistics The longest US government…
Culture
Full ride-hailing licences being evaluated for Trans-Cab, Geolah beyond 2025: LTA
With just under two months left on their one-year provisional permits to offer ride-hailing services, Trans-Cab and Geolah’s eligibility…
Culture
Ikea profit falls 26% to 1.7 billion euros as US tariffs fuel costs
Overall sales from the company’s stores across 63 markets around the world fall for a second year in a row Sweden’s Inter Ikea, which…
Culture
UMS Q3 earnings rise 1% to S$10.5 million, announces 1-for-4 bonus issue
UMS Integration on Friday (Nov 7) reported a 1 per cent year-on-year rise in net profit to S$10.5 million for the third quarter ended Sep…
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Cortina’s H1 profit rises 10% to S$30.5 million amid stronger regional sales
Luxury watch retailer Cortina posted a 10 per cent rise in net profit to S$30.5 million for the six months ended Sep 30, up from S$27.8…
Culture
Boustead bags design-and-build deal for semiconductor facility
The contract comprises additions and alterations works to reconfigure an existing chip material manufacturing plant Boustead announced…
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Singapore shares buck regional trend; STI up 0.2%
Across the broader market, decliners outnumber advancers 318 to 233, after 1.3 billion securities worth S$2.2 billion change hands Local…
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China starts work on easing rare earth export rules but short of Trump hopes
China has begun designing a new rare earth licensing regime that could speed up shipments, but it is unlikely to amount to a complete…
Culture
Netherlands ready to drop Nexperia control if China chip exports resume: sources
The Netherlands is prepared to suspend a so-called ministerial order that gave it control over Chinese-owned chipmaker Nexperia in a move…
Culture
Honda cuts annual operating profit outlook on EV cost hit, slow Asia sales
It cut its operating profit forecast for the year through March 2026 to 550 billion yen (S$4.67 billion) from 700 billion yen Honda Motor…
Culture
British Airways-owner IAG third-quarter profit inline with expectations
British Airways-owner IAG on Friday (Nov 7) reported a slight increase in operating profit for the third quarter, largely in line with…