Business
CEO of Brazilian Furniture Company Ornare Discusses Expansion Through New Milan Outpost
MILAN — Husband-and-wife duo and engineers Murillo and Esther Schattan started Ornare in 1986, filling a void in the Brazilian market for…
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Business
Business
Credit Card Processing: Small Business Traps to Avoid
Running a small business is tough, and dealing with credit card processing can make it even tougher. Many small business owners find…
Business
US: Wall St opens higher as Nvidia’s forecast calms AI demand fears
WALL Street’s main indexes opened higher on Thursday (Feb 27) as AI bellwether Nvidia’s upbeat forecast soothed concerns of cooling demand…
Business
Sherman Kwek: CDL board rift sparked by action to rein in Catherine Wu, Kwek Leng Beng’s adviser
THE “primary reason” for the ongoing dispute at City Developments Ltd is “a very serious issue of corporate governance” involving Dr…
Business
Tencent releases new AI model, says replies faster than DeepSeek-R1
The success of DeepSeek’s R1 and V3 models has sent Chinese tech giants like Tencent scrambling to put out new versions of AI models…
Business
Porsche overtakes Ferrari as million-dollar car of the moment
THIS month, as car enthusiasts converge on Florida for two weeks, they will find 14 Porsches with estimates straddling the US$1 million…
Business
UOL H2 net profit falls 60% in absence of one-time gain
PROPERTY player UOL Group posted a 60 per cent fall in net profit to S$227.8 million for the six months ended Dec 31, 2024. This was…
Business
Singapore shares gain ground; STI rises 0.3% despite Yangzijiang Shipbuilding dive
The three local banks show mixed performance, with DBS declining while OCBC and UOB advance SINGAPORE equities climbed on Thursday (Feb…
Business
Centurion’s planned Reit will do the ‘heavy lifting’ of its assets: CEO
The group hopes to ‘rationalise its assets’ in a way that will help them to grow bigger PURPOSE-BUILT accommodation operator Centurion…
Business
GuocoLand inks MOU to jointly develop UEM Sunrise’s land bank in Iskandar Puteri
GUOCOLAND will partner Malaysia’s UEM Sunrise to develop selected freehold land parcels in Iskandar Puteri, within the Johor-Singapore…
Business
Quick takes: What observers are saying about the CDL boardroom tussle
One observer says the group could have better corporate governance, while another says its core businesses will remain unaffected A BATTLE…
Business
Some analysts downgrade CDL, reduce price target on boardroom tussle
ANALYSTS believe that the ongoing feud between CDL’s executive chairman Kwek Leng Beng and chief executive officer and his son, Sherman…
Business
Toyota global output rises for the first time in a year in January
TOYOTA Motor said on Thursday its worldwide production rose for the first time in a year in January, as it ramped up output in Japan after…
Business
Blackstone in talks to sell China logistics assets in divestment
BLACKSTONE is in advanced talks to sell three logistics projects in China to Ping An Insurance (Group), according to sources familiar with…
Business
Top Thai hospital operator hastens expansion on foreign demand
THAILAND’S biggest private hospital operator will add more new beds than previously planned on expectations that an ageing local…
Business
Bain Capital mulls US$10 billion sale of Rocket Software: sources
PRIVATE equity firm Bain Capital is weighing options, including a sale, for Rocket Software that could value the US automation software…
Business
Heavy selling wipes S$1.5 billion off Yangzijiang Shipbuilding’s value as its shares plummet 16%
Shares of Yangzijiang Shipbuilding dived around 16 per cent on Thursday (Feb 27) morning, a day after it posted earnings and in a week…
Business
Heavy selling wipes nearly a billion dollars off Yangzijiang Shipbuilding’s value as its shares plummet 9%
Shares of Yangzijiang Shipbuilding dropped as much as 16 per cent on Thursday (Feb 27), a day after it posted earnings and in a week when…
Business
Acrophyte Hospitality Trust’s H2 DPS falls 46.7% to US$0.01026
Revenue for the period declines 5.2% year on year to US$84.9 million from US$89.5 million previously ACROPHYTE Hospitality Trust’s…
Business
Nissan CEO Uchida’s future in focus as sources say management shake-up due soon
JAPAN’S Nissan will unveil a shake-up in its top ranks next month, three people familiar with the matter said on Thursday (Feb 27), adding…
Business
Stocks to watch: ST Engineering, CLI, Yangzijiang Shipbuilding, Sembcorp, Golden-Agri
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 27). ST Engineering: The defence…
Business
Bitcoin ETFs are hit by a record US$1 billion outflow in one day
INVESTORS yanked more than US$1 billion from spot Bitcoin exchange-traded funds (ETFs) on Tuesday (Feb 25), marking the biggest one-day…
Business
ST Engineering H2 Profit Rises 19.6% To S$365.7 Million
ST ENGINEERING on Thursday (Feb 27) reported a net profit of S$365.7 million for the second half ended Dec 31, up 19.6 per cent from…
Business
China quant says funds must adopt AI to survive after DeepSeek
DEEPSEEK’S success is intensifying pressure on China’s quantitative hedge funds to embrace artificial intelligence (AI) or risk becoming…