Business
OUE unit to issue S$50 million in fixed-rate green notes due 2029 at 4%
AN OUE subsidiary, OUE Treasury, has proposed to issue S$50 million in green notes due 2029 at a fixed rate of 4 per cent per annum, the…
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Business
Business
FBI investigating leaked documents on Israel's Iran attack plan
The FBI on Tuesday announced that it is investigating the unauthorized release of classified documents detailing Israel's potential…
Business
3M raises profit forecast after quarterly beat on electronics demand
An uptick in demand for electronics used in vehicles and mobile phones boosted profit for the company 3M Co raised the lower end of its…
Business
Moody’s raises full-year profit forecast above estimates on strong product demand
RATINGS agency Moody’s raised its full-year adjusted profit forecast above Wall Street estimates and posted a nearly 31 per cent rise in…
Business
GM results exceed Wall Street targets; company is upbeat on full-year earnings
General Motors continued to defy Wall Street’s expectations this year, posting third-quarter results ahead of analyst projections on the…
Business
ASML chief sees US pressure building for more China restrictions
ASML Holding chief executive officer Christophe Fouquet expects pressure will grow from the US to further restrict sales of semiconductor…
Business
China’s Singles’ Day sales festival fails to inspire consumers
CHINA’S largest shopping event is underway but most merchants and retail analysts expect flat or at best, tepid sales growth, noting…
Business
Weak China demand puts brakes on Holiday Inn owner IHG in third quarter
HOLIDAY Inn owner InterContinental Hotels Group (IHG) reported a sharp slowdown in room revenue growth in the third quarter as weak demand…
Business
France’s Wendel to acquire Monroe Capital for US$1.13 billion
The French company will also invest US$1 billion to support the US firm’s growth, which will retain its brand and continue to operate…
Business
China’s Horizon Robotics raises HK$5.4 billion in biggest Hong Kong IPO of 2024
CHINESE autonomous driving firm Horizon Robotics has priced its shares at the top of its range to raise HK$5.4 billion (S$913.4 million)…
Business
Japan wants more remote workers to boost economy
As remote work gains in popularity, Japan aims to draw more digital nomads in hopes of giving local economies a boost amid demographic…
Business
Brokers’ take: OCBC initiates coverage on PropNex with ‘buy’
OCBC Investment Research has initiated coverage on PropNex with a “buy” call and a fair value estimate of S$0.91. It anticipates that…
Business
Hyundai Motor India dips in debut after record US$3.3 billion IPO
HYUNDAI Motor India shares slipped as much as 2.6 per cent early in their Mumbai debut, a lacklustre start to trading in what has been one…
Business
NYT "Connections" October 22: clues and answers for game #499
Connections was released by The New York Times on June 12, 2023 and now has a worldwide following. The brainteaser is the newspaper's…
Business
Logitech raises full-year outlook as sales and profit expectations climb
LOGITECH International raised its full-year outlook after a strong performance and a growth in demand in the second quarter, the computer…
Business
Honeywell partners with Google to integrate data with generative AI
HONEYWELL has signed a deal with Google to connect artificial intelligence (AI) technology with its industrial data, both companies said…
Business
Parkway Life Reit acquires 11 nursing homes in France for 111.2 million euros
PARKWAY Life Real Estate Investment Trust (Parkway Life Reit) is acquiring 11 nursing homes in France for a total consideration of 111.2…
Business
Stripe confirms plans to acquire stablecoin platform Bridge
STRIPE co-founder and chief executive officer Patrick Collison confirmed in a X post on Monday (Oct 21) that the payments company plans to…
Business
Singapore shares open lower on Tuesday; STI down 0.5%
SINGAPORE shares began Tuesday (Oct 22) trading in negative territory, extending overnight losses in markets abroad. As at 9.03 am, the…
Business
Stocks to watch: Keppel, Sembcorp, Seatrium, Keppel Reit, AcroMeta
THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 22): Keppel: The asset manager’s…
Business
‘Blade Runner 2049’ producer sues Tesla, Warner Bros over AI images
MOVIE and television studio Alcon Entertainment on Monday (Oct 21) sued Tesla and Warner Bros Discovery over claims they used images tied…
Business
Procter & Gamble back in market after record-tight 10-year sale
PROCTER & Gamble (P&G), the maker of Tide laundry detergent and Crest toothpaste, is planning to sell corporate bonds on Monday (Oct 21),…
Business
Fed’s Jeffrey Schmid favours slower pace for interest-rate reductions
FEDERAL Reserve Bank of Kansas City president Jeffrey Schmid said he favours a slower pace of interest-rate reductions given uncertainty…
Business
'Blade Runner 2049' producer sues Elon Musk, Warner Bros. Discovery over Tesla Cybercab launch
A Los Angeles-based production company has sued Tesla, its Chief Executive Elon Musk, and Warner Bros. Discovery, alleging that the…