Business
BP weighs sale of Castrol lubricants unit amid Elliott push
BP, IN which activist investor Elliott Investment Management has built up a nearly 5 per cent stake, is considering a potential sale of…
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Business
Business
Ford cuts bonuses for half of middle managers
FORD Motor is eliminating stock award bonuses for about half of its middle managers in an effort to boost performance as the automaker…
Business
Toyota is backing LG battery plant with US$1.5 billion order
TOYOTA Motor has agreed to shift a US$1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after…
Business
Is it snowing? Nope! It’s graupel
As the Arctic front rushes in, it brings not just colder temperatures but also some graupel! This wintry precipitation is often confused…
Business
RFK Jr. Names First Targets in Chilling Speech as Health Secretary
Now that he has been confirmed as secretary of Health and Human Services, Robert F. Kennedy Jr. plans to put his frightening ideas about…
Business
Intel has biggest rally since 2020 on breakup speculation
INTEL soared 16 per cent on speculation that the iconic chipmaker could be broken up in a deal involving Taiwan Semiconductor…
Business
Elon Musk's 'Flirty' DMs Exposed! Ashley St Clair Alleges She Gave Birth to His 13th Child"
Social media influencer Ashley St Clair has made shocking claims about her relationship with billionaire entrepreneur Elon Musk. In an…
Business
OpenAI’s Former Chief Technology Officer Starts Her Own Company
Mira Murati, the former chief technology of OpenAI who unexpectedly left the company in September, has helped found a new artificial…
Business
Cordlife expects to be in the red for FY2024; ‘no assurance’ of profitability in FY2025
PRIVATE cord-blood bank Cordlife expects to post a loss for the 2024 fiscal year due to the financial fallout from lapses discovered in…
Business
They’ve Been Waiting Years to Go Public. They’re Still Waiting.
Turo, a car rental start-up in San Francisco, has been trying to go public since 2021. But a volatile stock market in early 2022 delayed…
Business
Budget 2025: Tax incentives to beef up equities market could have ‘limited impact’, say industry experts
The government will introduce three tax incentives targeting corporate listings, fund manager listings and fund managers’ qualifying…
Business
Goldman hoists gold target to US$3,100 on central-bank demand
GOLDMAN Sachs Group raised its year-end gold target to US$3,100 an ounce on central-bank buying and inflows into bullion-backed…
Business
Tourism bounce helps Thai banks trim bad loans from three-year high
NON-performing loans at Thailand’s commercial banks dropped from a three-year high as a post-pandemic tourism recovery boosted debt…
Business
Parkson Retail Asia reports S$5.8 million in Q4 profit
Earnings per share for its continuing operations stands at S$0.0086, down from S$0.0116 previously DEPARTMENT store operator Parkson…
Business
Gold market ructions spur spike in Singapore exports to the US
GOLD shipments from Singapore to the US climbed to the highest level in almost three years in January, a further sign of the ructions in…
Business
Robinhood expects to launch crypto products in Singapore in 2025
ROBINHOOD Markets plans to launch Singapore crypto offerings in 2025 through an entity of European digital-assets exchange Bitstamp, which…
Business
DBS names new heads of operations, and corporate and SME banking
SINGAPORE’S largest lender DBS named on Tuesday (Feb 18) its two picks for the group head of its corporate and SME banking unit, as well…
Business
Lights, camera, adios: Struggling Cathay Cineplexes to shutter West Mall outlet
ROLL the end credits – beleaguered cinema chain Cathay Cineplexes is closing its West Mall outlet on Thursday (Feb 20), the same day its…
Business
Singapore shares track regional gains on Tuesday; STI up 0.5%
Across the broader market, advancers outnumber decliners 322 to 231, after 1.4 billion shares worth S$1.4 billion change hands THE Straits…
Business
Asia: Tech rally helps Hong Kong lead markets higher
HONG Kong resumed its tech-led rally on a healthy day for Asian markets on Tuesday (Feb 18) as a meeting between President Xi Jinping and…
Business
PEC receives privatisation proposal of S$0.64 per share and S$0.20 per share via special dividend
ALLIANCE Energy Services is proposing to take engineering company PEC private by way of a scheme of arrangement for S$0.64 per share in…
Business
China’s Sany Heavy Industry aims to raise up to US$1.5 billion in planned Hong Kong listing: sources
CHINESE manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion, two sources familiar…
Business
Aussie “Big Four” banks cut rates, mirroring central bank
AUSTRALIAN “Big Four” lenders cut their interest rates by 25 basis points on Tuesday (Feb 18), in tandem with the central bank cutting its…
Business
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs: source
HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a…