Business
Cartier appeal helps Richemont reach 100 billion Swiss francs market value
SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time,…
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Times
Business
US: Wall St subdued at open after previous session's jump; earnings in focus
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
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
Sportswear giants Adidas and Puma weighing job cuts
GERMAN sportswear giants Adidas and Puma have both said they are seeking to reduce costs, including through possible job cuts, as they aim…
Business
OUE Reit’s H2 DPU rises 8.7% to S$0.0113
THE distribution per unit (DPU) for OUE Real Estate Investment Trust (Reit) rose 8.7 per cent to S$0.0113 for the second half of its…
Business
OUE Reit’s H2 DPU increases 8.7% to S$0.0113
THE distribution per unit (DPU) for OUE Real Estate Investment Trust (Reit) rose 8.7 per cent to S$0.0113 for the second half of its…
Business
China’s Vanke in talks to sell logistics firm stake to GIC: source
INDEBTED property developer China Vanke is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth…
Business
Vanke in talks to sell logistics firm stake to GIC: source
INDEBTED property developer China Vanke is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth…
Business
Meta, WhatsApp win relief as India tribunal suspends data sharing ban
AN INDIAN tribunal temporarily suspended a five-year data sharing ban between WhatsApp and owner Meta Platforms, a major relief for the US…
Business
Databricks caps US$15 billion fundraise with meta as new investor
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
MPACT Q3 DPU falls 9.1% to S$0.02 amid global headwinds
MAPLETREE Pan Asia Commercial Trust’s (MPACT) distribution per unit (DPU) fell 9.1 per cent to S$0.02 for its third quarter ended Dec 31,…
Business
Suntec Reit’s H2 DPU slides 13.9% to S$0.0315
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
HSBC’s payments app closure puts around 400 jobs at risk: source
HSBC has decided to shutter its international payments app Zing, potentially triggering around 400 job losses, a source familiar with the…
Business
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources
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
AI spending is set to grow in 2025: report
ARTIFICIAL intelligence (AI) adoption is set to rise as most companies expect to ramp up spending on the technology in their next fiscal…
Politics
Tariffs will leave everyone worse off, Bundesbank chief warns
GERMANY’S top central bank warned against trade levies, a day after US President Donald Trump reiterated a call for the European Union to…
Business
Japanese investors boost foreign stock purchases on Fed rate-cut hopes
JAPANESE investors raised their holdings in foreign stocks, driven by a benign US core inflation report that fuelled expectations of…
Business
Cathay Pacific to cut profit payout to staff by around 50%
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…
News
Asian oil refiners mull run cuts, closures as crude costs soar
A SURGE in the cost of physical crude cargoes as China and India rush to replace Russian flows is prompting refiners in other parts of…
Business
Hyundai Motor forecasts slowing revenue growth in 2025 after Q4 miss
SOUTH Korea’s Hyundai Motor expected on Thursday (Jan 23) its 2025 sales growth would halve due to softening vehicle demand and rising…
Business
Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025
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…
News
Cut-off yield on latest Singapore 1-year T-bill inches up to 2.95%
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…
Business
Taiwan’s HTC to sell part of XR unit to Google for US$250 million
TAIWAN’S HTC said on Thursday (Jan 23) it will sell part of its unit for extended reality (XR) headsets and glasses to Google for US$250…
News
Sembcorp launches short-term mobile solar farm at PSA’s Keppel Terminal
For three years, the renewable energy generated from the farm will be channelled to the national grid A new 18 megawatt-peak ground-mount…