Business
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…
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Business
Business
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…
Business
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…
Business
UBS reshuffles leadership as Credit Suisse integration nears end
The lender is in the middle of a battle with the Swiss government over how much capital it needs to set aside to prevent another similar…
Business
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)…
Business
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…
Business
PropNex unit, agent sued by Hao Mart over Orchard Road lease for over S$3.5 million
Supermarket chain Hao Mart has filed a lawsuit against a wholly owned unit of mainboard-listed PropNex and one of its agent, alleging…
Business
Hao Mart sues PropNex unit, agent for S$3.5 million over Taste Orchard lease
Defendants say they’re acting as agent for landlord OG, and therefore owe no obligation to the plaintiff to act in its best interests…
Business
Hao Mart sues PropNex unit, agent for more than S$3.5 million over Taste Orchard lease
Defendants say they’re agent for landlord OG, and owe no obligation to the claimant to act in its best interests Supermarket chain Hao…
Business
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…
Business
RHB lifts FCT target price on improved H2 earnings, asset enhancements, lower interest rates
RHB raised its target price for Frasers Centrepoint Trust (FCT) and maintained its “buy” rating, citing steady H2 earnings alongside…
Business
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…
Business
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…
Business
Indonesia-based petrochemical producer 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…
Business
Indonesia’s Chandra Asri to buy ExxonMobil’s Singapore Esso petrol kiosk network
Chandra Asri Pacific said on Friday (Oct 24) that it would acquire ExxonMobil’s network of Esso-branded retail fuel stations in Singapore.…
Business
Indonesia’s Chandra Asri to buy ExxonMobil’s Singapore Esso petrol kiosk chain
Chandra Asri Pacific said on Friday (Oct 24) that it would acquire ExxonMobil’s network of Esso-branded retail fuel stations in Singapore.…
Business
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…
Business
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,…
Business
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,…
Business
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…
Business
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…
Business
Chauncey Billups Shared Inside Information to Gambling Ring that Trail Blazers Was Planning to Lose Upcoming Game
Portland Trail Blazers head coach Chauncey Billups is accused of secretly sharing inside information with gamblers, allegedly revealing…
Business
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…
Business
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…