Business
Stocks to watch: CapitaLand Ascendas Reit, Seatrium, Sembcorp, mm2 Asia, Singapore Paincare
The following companies saw new developments that may affect trading of their securities on Thursday (May 29). CapitaLand Ascendas Reit…
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Chevron to cut nearly 800 jobs in Texas
Chevron will lay off nearly 800 employees in Texas, according to a notice on Wednesday to the Texas Workforce Commission, part of the US…
Business
Chevron to cut 200 jobs in Texas
— Chevron will lay off 200 employees in Texas, according to figures from the Texas Workforce Commission. The layoffs are part of the US oil…
Business
Hong Kong bankers on edge over US$11 billion New World refinancing
Hong Kong bankers have become fixated on an US$11 billion loan deal with unusually high stakes for the financial hub. New World…
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China’s Honor developing humanoid robots in US$10 billion AI plan
The company is building its own agentic AI services that will be integrated into its software for smartphones and other devices R Device,…
Business
US firms plan to pass Trump tariff costs to consumers: Federal Reserve minutes
US firms have warned the Federal Reserve that the cost of President Donald Trump’s tariffs will likely be borne by consumers, according to…
Business
Tesla targets June 12 launch of robotaxi service in Austin
Tesla is poised to begin its long-awaited robotaxi service in Austin on Jun 12, according to a source familiar with the matter, a…
Business
US curbs chip design software, chemicals, other shipments to China
The United States has ordered a broad swathe of companies to stop shipping goods to China without a licence and revoked licences already…
Business
Nvidia gives solid forecast, even as China slump mars growth
Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed…
Business
Oil gains on supply concerns, investors await July Opec+ output decision
Oil prices gained more than 1 per cent on Wednesday on supply concerns as Opec+ agreed to leave their output policy unchanged and as the…
Business
Europe: Stocks close lower as caution lingers on US trade policy progress
EUROPE’S main stock index closed lower amid broader declines on Wednesday as investors monitored progress in trade negotiations with the…
Business
HP plunges after cutting profit outlook on tariffs, economy
HP dropped about 15 per cent in extended trading after the company’s profit outlook fell short of estimates and it cut the annual earnings…
Business
US: Stocks retreat as Treasury bond yields climb
Wall Street stocks retreated on Wednesday ahead of earnings from artificial intelligence titan Nvidia, with US Treasury bond yields…
Business
Which Celebrity Beauty Brand Will Spark the Next Billion-Dollar Deal?
Hailey Bieber’s skin care brand Rhode just struck an agreement to be acquired by E.l.f. Beauty in a deal valued at a whopping $1 billion.…
Business
Sam Altman and Jony Ive Will Force A.I. Into Your Life
Last Wednesday, OpenAI announced that it was acquiring a company called io, an artificial-intelligence-forward product-development firm…
Business
RGE, TotalEnergies to develop solar power plant with battery storage in Indonesia
RGE and TotalEnergies on Wednesday (May 28) have signed a co-investment agreement to jointly develop a solar power plant with battery…
Business
Singapore Paincare receives privatisation offer at S$0.16 per share
Medical-services company Singapore Paincare has received an acquisition bid for S$0.16 a share from Advance Bridge Healthcare, a…
Business
The Black Death’s Economic ‘Dividend’
The week of May 19, 2025: Prosperity & population decline, tariffs, the debt, pharma, and more. Source link
Business
mm2 Asia to sell 21.02% of its stake in subsidiary Vividthree to PE fund for S$1.7 million
Mainboard-listed media company mm2 Asia on Wednesday (May 28) entered into a sale and purchase agreement with private equity fund Hildrics…
Business
Airbus warns airlines that delays will last three years: sources
Airbus is warning airlines that delays in deliveries will persist for another three years as it works through a backlog of supply chain…
Business
US: Wall St muted at open after sharp rally, focus on Nvidia earnings
Wall Street’s main indexes opened subdued on Wednesday (May 28) after a sharp rally in the previous session, when cooling trade tensions…
Business
UBS to sell hedge fund unit O’Connor to Cantor Fitzgerald
The deal includes “O’Connor’s six investment strategies” with about US$11 billion in assets under management Group’s asset management…
Business
Indonesia antitrust agency finds risk of monopoly from TikTok’s Tokopedia takeover
The agency says it found rising market concentration and warned of possible post-acquisition price hikes due to increased dominance…
Business
Macy’s Inc. Reports Q1 Declines But Came Out Ahead of Guidance
Macy’s Inc., continuing to aggressively close underperforming department stores, reported drops in profits and sales for the first quarter…