Culture
Seatrium loses appeal to block US$126.6 million rig contract payment
The group will continue with arbitration to resolve dispute and seek recovery of payment[SINGAPORE] Seatrium on Friday (Sep 12) said its appeal in the Singapore court to block a...
CEO egos must be kept in check to prevent them from becoming ‘emperors’: Ho Ching
Ho has been conferred SID’s honorary fellowship during its conference on Friday[SINGAPORE] The top business leaders typically display a self-confidence that is necessary to drive the company forward. But...
SK Hynix shares hit record with news of AI memory milestone
The Seoul-traded chipmaker, whose shares are up roughly 90% over the past year, is now worth close to US$170 billion[SEOUL] SK Hynix’s stock climbed as much as 5.9 per...
US: Major indexes notch fresh records on rate cut hopes
[NEW YORK] Wall Street’s major indexes hit fresh records on Thursday as US inflation and jobless claims data added to conviction that the Federal Reserve would lower interest rates...
Frasers Hospitality Trust to suspend trading on Sep 12, expected to delist on Oct 6
Payment for the scheme consideration to eligible securityholders is set to be made on or around Sep 30[SINGAPORE] Frasers Hospitality Trust (FHT) has received the court’s sanction for its...
TalkMed to delist from SGX on Sep 15
[SINGAPORE] Healthcare provider TalkMed announced on Thursday (Sep 11) that it will be delisted from the Singapore Exchange from 9 am on Sep 15.This follows confirmation from TW Troy...
Veteran banker sees Malaysia’s BNM keeping rates unchanged
[KUALA LUMPUR] A veteran banker who led a Malaysian lender to record profit says that the South-east Asian country can hold off on further cutting borrowing costs as current...
LHN extends rally, jumps 8.6% to record S$1.01 on SGX approval of proposed Coliwoo listing
[SINGAPORE] Shares of LHN advanced for a second day straight on Thursday (Sep 11) morning after its proposed spin-off of its co-living business received approval. It had ended Wednesday...
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market[RIYADH] A group led by BlackRock’s Global Infrastructure Partners (GIP) unit...
US: S&P 500, Nasdaq hit record highs on boosted rate-cut bets
[NEW YORK] The S&P 500 and the Nasdaq hit intraday record highs at the open on Wednesday (Sep 10), after cooler-than-expected producer inflation data boosted bets on interest-rate cuts...
