Culture
US: Wall Street opens higher as cool inflation data fuels Fed rate cut bets
WALL Street opened on solid ground on Friday (Oct 24), as investors welcomed a cooler-than-expected inflation reading, while Intel’s…
Section
Culture
Culture
iFast Q3 net profit rises 54.7% to S$26 million on overall revenue growth
Digital bank and wealth management platform iFast posted a 54.7 per cent rise in net profit to S$26 million for its third quarter ended…
Culture
MAS proposes more measures for investors to seek civil compensation from market misconduct
Proposals aim to facilitate self-organisation, provide access to funding and reduce legal barriers to civil action The Monetary Authority…
Culture
Singapore shares rise ahead of US-China meeting; STI up 0.1%
Across the broader market, gainers beat decliners 369 to 166, as 1.6 billion securities worth S$1.4 billion change hands US President…
Culture
Intel shares jump as investments, cost cuts catapult turnaround efforts
INTEL shares surged nearly 9 per cent in premarket trading on Friday (Oct 24) as investors rallied behind CEO Tan Lip-Bu’s aggressive…
Culture
Tesla offers S$5,000 incentive to drive EV adoption in Singapore, launches two new Supercharging stations
The new sites, with four Superchargers each, are at Resorts World Sentosa and Changi City Point Tesla has announced new commercial…
Culture
JPMorgan to allow Bitcoin and Ether as collateral in crypto push
JPMORGAN Chase & Co plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of…
Culture
UBS reshuffles leadership as Credit Suisse integration nears end
Lender is in the middle of a battle with the Swiss government over how much capital it needs to set aside to prevent a similar crisis UBS…
Culture
HSBC launches ‘entrepreneurial wealth proposition’ in Singapore
A recent report by the lender names the Republic as entrepreneurs’ top destination for wealth and relocation HSBC on Friday (Oct 24)…
Culture
Wee Hur shares up 3.4% after property arm named top bidder of Upper Thomson condo site
Shares of Wee Hur jumped 3.4 per cent around midday on Friday (Oct 24) following the news of the group’s property arm and its controlling…
Culture
Hao Mart sues PropNex unit, agent for more than S$3.5 million over Taste Orchard lease
Defendants say they represent landlord OG, and owe no obligation to the claimant to act in its best interests Supermarket chain Hao Mart…
Culture
China deepens push for tech self-reliance ahead of US talks
China vowed to enhance technological self-reliance and grow the domestic market in the next five years, as it looks to both insulate the…
Culture
RHB lifts Frasers Centrepoint Trust target price by 10.2% on improved H2 earnings, asset enhancements
RHB raised its target price for Frasers Centrepoint Trust (FCT) and maintained its “buy” rating, citing steady H2 earnings alongside…
Culture
Chandra Asri says it will buy ExxonMobil’s Singapore retail fuel stations
— Chandra Asri Pacific said on Friday it would acquire ExxonMobil’s network of Esso-branded retail fuel stations in Singapore. “The company…
Culture
Indonesia’s Chandra Asri to buy ExxonMobil’s Singapore Esso petrol kiosk chain
Chandra Asri Pacific on Friday (Oct 24) said it would acquire ExxonMobil’s network of Esso-branded retail fuel stations in Singapore. The…
Culture
Abu Dhabi banks lay groundwork for potential risk transfer deals
The global SRT market is set to expand 11% annually on average in the next two years Two of Abu Dhabi’s biggest commercial banks are…
Culture
Suntec Reit rules out retail acquisitions in Australia; to focus on divestments
The manager of Suntec Real Estate Investment Trust (Suntec Reit) has ruled out acquiring retail assets in Australia, even as its peer,…
Culture
Suntec Reit rules out retail acquisitions in Australia, will focus on divestments
The manager of Suntec Real Estate Investment Trust (Suntec Reit) has ruled out acquiring retail assets in Australia, even as its peer,…
Culture
Asia: Stocks rally as traders cheer Trump-Xi meeting plan
ASIAN markets rallied on Friday after the White House confirmed President Donald Trump would meet China’s Xi Jinping next week, stoking…
Culture
Meituan plans debut dim sum bonds in up to 10 billion yuan sale
The company has faced an increasingly crowded field in China’s food delivery sector, where rivals have been slashing prices Chinese food…
Culture
White House warns government shutdown could lead to holiday travel meltdown
The Trump administration and Republican leaders in Congress on Thursday (Oct 23) warned that flight disruptions will increase as a…
Culture
Ford lowers annual guidance, citing fire at supplier’s aluminum plant
Ford Motor cut its profit guidance on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of…
Culture
Air Canada cuts 400 management positions, or 1% of workforce
Air Canada said on Thursday it cut about 400 management positions, representing about 1 per cent of its workforce, after the country’s…
Culture
Gold firms ahead of US inflation data, but heads for weekly fall
Investors have nearly fully priced in a 25-basis-point rate cut at the US Federal Reserve’s meeting next week. Gold prices rose on Friday…