Business
As EVs dominate, why are Esso petrol stations being acquired and what will the future look like?
The purchase of petrol stations – a ‘sunset’ industry – comes at a time where EV-maker BYD is outselling long-time king Toyota Indonesia’s…
Section
Business
Business
SAG-AFTRA Foundation Establishes Diane Ladd Fund, Honoring Late Performer’s Passion for Helping Actors in Need
The SAG-AFTRA Foundation, the non-profit organization that provides assistance and education to actors, has established the Diane Ladd…
Business
Phishing for trouble: The returning physical bank token is no silver bullet
Singapore is looking to implement what would be a world-first national roll-out of bank tokens Physical banking tokens are making a…
Business
Singtel shares surge 5.1% to new high on Bharti Airtel sale, talks for data centre deal
In a bourse filing on Friday morning, Singtel acknowledges that it is in talks about STT GDC as part of a consortium Shares of Singtel…
Business
Singtel shares end 2.9% higher on Bharti Airtel share sale, talks for data centre deal
Shares of Singtel surged as much as 5.1 per cent on the back of news that one of its units will sell US$1.2 billion worth of Bharti Airtel…
Business
OCBC shares soar 3.8% after posting Q3 earnings that beat expectations
Shares of OCBC jumped 3.8 per cent on Friday (Nov 7) morning after the release of its financial results for the third quarter ended…
Business
OCBC shares hit record high after Q3 earnings beat expectations; ends 3.4% higher
Shares of OCBC jumped by more than 4 per cent on Friday (Nov 7) morning after the release of its financial results for the third quarter…
Business
Qantas eases throttle on domestic outlook, trims first-half domestic revenue forecast
AUSTRALIAN flag carrier Qantas Airways on Friday cut its first-half domestic unit revenue outlook and nudged up its fuel bill, citing…
Business
Ringgit rises to 13-month high on fading rate-cut view, growth outlook
THE Malaysian ringgit gained to the strongest in more than a year on fading expectations for a central bank interest-rate cut and by…
Business
Stocks to watch: OCBC, Singtel, CLI, Genting Singapore, Yangzijiang Financial, FLCT, Far East Orchard
The following companies saw new developments that may affect trading of their securities on Friday (Nov 7): Source link
Business
Frasers Logistics & Commercial Trust H2 DPU drops 11.1% to S$0.0295
Revenue for the period rises 3.7% to S$239.2 million, from S$230.6 million previously The manager of Frasers Logistics & Commercial Trust…
Business
SIA Engineering: analysts upgrade the stock as growth, supply chain outlook improves
The analysts’ upbeat outlook comes on the back of the company’s Q2 results, in which net profit is up 13.5% at S$40.4 million Analysts are…
Business
Growth is a team sport
As the founder, chair, and CEO of the Exceptional Women Alliance, I am fortunate to be surrounded by extraordinary female business…
Business
Federal Reserve’s Hammack says inflation a bigger concern than labour market
FEDERAL Reserve Bank of Cleveland President Beth Hammack said monetary policy should continue putting downward pressure on inflation,…
Business
First Brands says it needs US$600 million or ‘it’s game over’
FIRST Brands Group lawyers said the company needs access to its roughly US$600 million of remaining bankruptcy financing to keep the…
Business
Grieving families' despair at care home inspection gaps
Eleanor Layhe, Jemma Woodman,South West and Ella Rule Care homes that are graded as inadequate or requiring improvement are often not…
Business
Comcast Taps Bankers to Explore Bid for Warner Bros. Discovery Assets
Comcast has taken a step closer to making an offer for parts of Warner Bros. Discovery — but not WBD in its entirety — with the retention…
Business
How company culture drives AI strategy success
Many organizations are racing to build AI strategies, but too often they focus on adopting the latest tech, rather than creating the…
Business
Goldman Sachs to promote highest number of executives to managing director since 2021
The promotions include 31 per cent Asian, 3 per cent Black and 4 per cent Hispanic or Latino staff Wall Street lender Goldman Sachs will…
Business
OCBC Q3 profit flat at S$1.98 billion, beats expectations
OCBC’s net profit was flat for its third quarter, supported by higher non-interest income and lower allowances, it said on Friday (Nov 7).…
Business
OpenAI boss calls on governments to build AI infrastructure
OPENAI CEO Sam Altman called on world governments on Thursday to invest in AI infrastructure, as questions grow about whether the…
Business
Elon Musk's $1tn pay deal approved by Tesla shareholders
Tesla shareholders have approved a record-breaking pay package for boss Elon Musk that could be worth nearly $1tn (£760bn). The…
Business
Tesla shareholders approve US$878 billion pay plan for Elon Musk
Tesla CEO Elon Musk scored a resounding victory on Thursday as shareholders approved a pay package of as much as US$878 billion over the…
Business
US: Wall Street ends lower on tech valuations, economic jitters
US stocks closed in negative territory on Thursday, with a resumption of Tuesday’s tech selloff as investors contended with mounting…