Business
Singtel offers US1.2 billion stake in Bharti Airtel, terms show
A Singapore Telecommunications unit offered to sell shares in Indian mobile carrier Bharti Airtel in a deal that may fetch US$1.2 billion,…
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Business
Business
Yangzijiang Financial not proceeding with one billion yuan investment in Chinese lithium battery producer
Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure an approval from Ningbo Shanshan’s creditors…
Business
Yangzijiang Financial aborts one billion yuan investment in Chinese lithium battery producer
Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure approval from Ningbo Shanshan’s creditors…
Business
India in talks to create bigger banks, including via mergers, finance minister says
India has 12 state-owned banks, which together hold assets totalling 171 trillion rupees (S$2.51 trillion) as of March India needs more…
Business
Bank of Canada plans 10% job cuts as PM Carney moves to trim expenses
The central bank is committed to achieving a 15% total budget reduction over the 2026 to 2028 period The Bank of Canada is planning to…
Business
Far East Orchard’s 9M profit more than doubles to S$37.6 million
Hospitality and student housing player Far East Orchard’s net profit more than doubled to S$37.6 million for the nine months ended Sep 30,…
Business
Bank of England keeps rates on hold in knife-edge vote that hints at cut soon
The Bank of England kept borrowing costs on hold on Thursday (Nov 6) but a narrow vote and signs that governor Andrew Bailey might soon…
Business
SGX to launch ‘next-gen’ trading engine in second half of 2027
SGX Regulation is seeking public feedback on rule amendments and new functions of the engine from Thursday to Dec 31 With investor…
Business
Genting Singapore Q3 net profit rises 19% to S$94.6 million amid higher VIP volume, win rate
Genting Singapore posted a 19 per cent year-on-year increase in net profit to S$94.6 million for the third quarter ended Sep 30, with…
Business
JPMorgan faces record 45-million-euro fine from German watchdog over money-laundering lapses
The lender says the fine concerns past issues and that delays in SAR filings did not hinder probes Germany’s financial watchdog BaFin has…
Business
JPMorgan hit with record 45-million-euro fine from German watchdog over money-laundering lapses
The lender says the fine concerns past issues and that delays in SAR filings did not hinder probes Germany’s financial watchdog BaFin has…
Business
CapitaLand Investment’s 9M revenue dips 25.5% to S$1.6 billion after CLAS deconsolidation
CapitaLand Investment reported a 25.5 per cent plunge in total revenue to about S$1.6 billion for the first nine months of 2025, from…
Business
UOB’s S$885 million allowance build-up ‘prudent’ despite Q3 profit hit: analysts
UOB’s S$885 million move to shore up its allowances is a “prudent” step that brings its provision ratios in line with those of DBS and…
Business
California backs down on AI laws so more tech leaders don't flee the state
California’s tech companies, the epicenter of the state’s economy, sent politicians a loud message this year: Back down from restrictive…
Business
Singapore shares hit new high; STI up 1.5%
Across the broader market, advancers outnumber decliners 376 to 190 after 1.5 billion securities worth S$2.9 billion change hands Local…
Business
China commercial vehicle maker Qingling Motors debuts in Singapore with the EQ2 heavy truck
Automotive group Motorway and Qingling Motors will officially launch an electric heavy vehicle (EHV), the Qingling EQ2, on Friday (Nov 7).…
Business
Corporate governance and culture must go hand in hand amid complex challenges: Sias
They are ‘two sides of the same coin’, says founder, president and CEO David Gerald As companies face increasingly complex challenges,…
Business
Maybank upgrades ESR Reit to ‘buy’ on positive developments
Maybank Securities has upgraded ESR Reit to “buy”, from “hold” previously – with a 50 per cent higher target price of S$3 – on the back of…
Business
Nissan returns to operating profit in Q2
Nissan booked 51.5 billion yen (S$437.4 million) in operating profit for July-September Nissan Motor swung back to an operating profit in…
Business
Chinese banks edge out global rivals in financing Boyu Capital’s Starbucks China deal: sources
Ping An Bank, Industrial Bank, and China Minsheng Banking are set to arrange a seven-year syndicated loan of about US$1.4 billion Chinese…
Business
Maersk lifts full-year profit guidance range, posts Q3 profit above forecast
Shipping group AP Moller-Maersk on Thursday (Nov 6) reported third-quarter operating profit above expectations and raised the lower end of…
Business
Singtel jumps 4.9% to all-time high on talks to buy local data-centre firm
Singtel and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion…
Business
Singtel jumps 5.1% to all-time high on talks to buy local data-centre firm
The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion…
Business
Singtel rises 5.4% to all-time high amid talks of US$3.9 billion data-centre deal
The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion…