Business
Texas Instruments forecast signals chip slump is persisting - The Business Times
TEXAS Instruments gave a disappointing earnings forecast for the current period, a sign it’s contending with still-sluggish chip demand…
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Business
Cartier appeal helps Richemont reach 100 billion Swiss francs market value - The Business Times
SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time,…
Business
US: Wall St subdued at open after previous session's jump; earnings in focus - The Business Times
US main stock indexes opened flat to slightly lower on Thursday (Jan 23), as investors paused after Wall Street’s strong performance in…
Business
Starhill Global Reit posts 1.1% rise in H1 DPU to S$0.018 - The Business Times
STARHILL Global Real Estate Investment Trust’s (Reit) distribution per unit (DPU) rose 1.1 per cent to S$0.018 for its first half ended…
Business
Vanke in talks to sell logistics firm stake to GIC: source - The Business Times
INDEBTED property developer China Vanke is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth…
Business
Databricks caps US$15 billion fundraise with Meta as new investor - The Business Times
DATABRICKS, one of the world’s most valuable privately held tech companies, said on Wednesday (Jan 23) that it has raised more than US$15…
Business
Suntec Reit’s H2 DPU slides 13.9% to S$0.0315 - The Business Times
SUNTEC Real Estate Investment Trust’s (Suntec Reit) distribution per unit (DPU) slid 13.9 per cent to S$0.0315 for the second half of 2024…
Business
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources - The Business Times
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of…
Business
Cathay Pacific to cut profit payout to staff by around 50% - The Business Times
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong Kong carrier is only…
Business
Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025 - The Business Times
SOUTH Korea’s Hyundai Motor said on Thursday (Jan 23) it is in talks with General Motors to supply commercial electric vehicles to its US…
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Cut-off yield on latest Singapore 1-year T-bill inches up to 2.95% - The Business Times
This is up from 2.71% offered in the previous auction that closed in October last year SINGAPORE’S latest one-year tranche of Treasury…
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Sembcorp launches short-term mobile solar farm at PSA’s Keppel Terminal - The Business Times
For three years, the renewable energy generated from the farm will be channelled to the national grid A new 18 megawatt-peak ground-mount…
Business
JPMorgan plans major revamp of Madison Avenue skyscraper - The Business Times
JPMORGAN Chase is planning a renovation of its old headquarters building at 383 Madison Avenue and will use the space to house…
Business
Barclays sees heightened competition in India from Japan banks - The Business Times
A RENEWED push by Japan’s biggest banks and other global lenders in India is driving down loan prices with the new players having more…
Business
JPMorgan, Goldman CEOs resist calls to roll back DEI programmes - The Business Times
JPMORGAN Chase and Goldman Sachs are pushing back on demands to roll back their diversity initiatives. In television appearances on…
Business
Ley Choon surges 15% as investors positive on construction upturn - The Business Times
SHARES of construction and engineering company Ley Choon jumped on Thursday (Jan 23) morning, after The Business Times reported that the…
Business
Singapore stocks close higher on Thursday as inflation eases; STI up 0.7% - The Business Times
SINGAPORE stocks ended higher on Thursday (Jan 23), after the Republic reported that full-year inflation in 2024 came in at 2.4 per cent.…
Business
Ascott bags 16 new signings under Oakwood portfolio to tap growing ‘bleisure’ market - The Business Times
ASCOTT, the wholly owned lodging business unit of CapitaLand Investment, has secured 16 new signings under the Oakwood brand in 2024, up…
Business
SK Hynix posts record quarterly profit surpassing Samsung on AI boom - The Business Times
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as…
Business
Amazon exits Quebec operations, to cut about 1,700 jobs; Ottawa unhappy - The Business Times
E-COMMERCE giant Amazon.com is exiting its operations in the Canadian province of Quebec, leading to the loss of about 1,700 full-time…
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Samsung to beat Apple to ultrathin phone with Galaxy S25 Edge - The Business Times
SAMSUNG Electronics plans to launch an ultrathin version of its Galaxy S25 phone in the first half of this year, beating Apple to a…
Business
JPMorgan’s Dimon sees inflated stocks as ‘animal spirits’ return - The Business Times
JPMORGAN Chase’s dealmakers are spending their time in the Swiss Alps huddling with ebullient clients, but the boss of the biggest US bank…
Business
Frasers Centrepoint Trust posts 99.5% retail portfolio occupancy for Q1 - The Business Times
FRASERS Centrepoint Trust (FCT) posted a committed occupancy of 99.5 per cent for its retail portfolio for the first quarter of its…
Business
Mapletree Industrial Trust posts 1.5% rise in Q3 DPU to S$0.0341 - The Business Times
THE distribution per unit (DPU) for Mapletree Industrial Trust (MIT) rose 1.5 per cent to S$0.0341 for its third quarter ended Dec 31,…