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…
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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…
News
Who was Joshua Mollel, Tanzanian agricultural student abducted by Hamas?
Joshua Mollel, a Tanzanian intern at Kibbutz Nahal Oz, was tragically killed in the Hamas attack. Friends remember him as brave and…
News
Singapore: Driver who Allegedly Fled Scene After Telok Blangah Crash Arrested
A 34-year-old man, who fled after his car collided with four other vehicles in Telok Blangah, was arrested on Wednesday, November 5. On…
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).…
News
Singapore: Malaysian man, 33, Faces Charge for Allegedly Impersonating MAS Official
A 33-year-old Malaysian man was charged in court on Thursday, November 6, for his suspected involvement in a government official…
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…
News
Wisconsin Man Convicted of Killing Girlfriend After She Told Him She Wanted to Leave Him
A 57-year-old Wisconsin man has been convicted of killing his girlfriend and then hiding her body in the woods after she told him she was…
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…
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Google planning powerful AI data centre on tiny Australian Indian Ocean outpost
Data centre could support AI-enabled military command and control node, expert says Google plans to build a large artificial intelligence…
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…
Business
Australia’s NAB CEO says housing is greatest societal challenge as bank books A$7.09 billion profit
NAB and the rest of Australia’s ‘Big Four’ banks rely heavily on the strength of the housing market National Australia Bank (NAB) chief…
Business
Endowus to offer Avanda’s Singapore equity strategy on its platform
The strategy focuses on small and mid-cap opportunities, supporting MAS’ funding initiative Singapore-based wealth adviser Endowus will…
Business
KKR, Singtel seek to fully own Singapore data centre firm in US$3.9 billion deal
KKR & Co and Singapore Telecommunications are in advanced talks to buy more than 80 per cent of ST Telemedia Global Data Centres – which…
Business
Zalando Q3 Revenues Rise Rapidly on Back of About You Purchase
Revenues at Zalando, one of Europe’s largest online fashion retailing platforms, rose 26.5 percent over the third quarter and totaled 3.02…
News
Engine of UPS Cargo Plane that Burst into Flames, Killing 11, Detached from Aircraft During Attempted Takeoff at Louisville Airport
The engine of a UPS cargo plane that burst into flames in Kentucky actually detached from the aircraft during takeoff, officials said. The…
Business
Malaysia's central bank holds key rate at 2.75%, as expected
Malaysia’s central bank held its benchmark interest rate steady at its final policy review of the year on Thursday (Nov 6), as expected by…
Business
Malaysia holds key rate as economy proves resilient to tariffs
MALAYSIA kept interest rates unchanged as the central bank remained confident that the economy can weather US tariffs without the rate…