Business
Suntec Reit rules out retail acquisitions in Australia; to focus on divestments
The manager of Suntec Real Estate Investment Trust (Suntec Reit) has ruled out acquiring retail assets in Australia, even as its peer,…
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Business
Business
Suntec Reit rules out retail acquisitions in Australia, will focus on divestments
The manager of Suntec Real Estate Investment Trust (Suntec Reit) has ruled out acquiring retail assets in Australia, even as its peer,…
Business
Meituan plans debut dim sum bonds in up to 10 billion yuan sale
The company has faced an increasingly crowded field in China’s food delivery sector, where rivals have been slashing prices Chinese food…
Business
Ford lowers annual guidance, citing fire at supplier’s aluminum plant
Ford Motor cut its profit guidance on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of…
Business
Chauncey Billups Shared Inside Information to Gambling Ring that Trail Blazers Was Planning to Lose Upcoming Game
Portland Trail Blazers head coach Chauncey Billups is accused of secretly sharing inside information with gamblers, allegedly revealing…
Business
Air Canada cuts 400 management positions, or 1% of workforce
Air Canada said on Thursday it cut about 400 management positions, representing about 1 per cent of its workforce, after the country’s…
Business
Gold firms ahead of US inflation data, but heads for weekly fall
Investors have nearly fully priced in a 25-basis-point rate cut at the US Federal Reserve’s meeting next week. Gold prices rose on Friday…
Business
Six Wall Street bank chiefs hold most power since global crisis
The last time every major US bank boss also led their boards, Steve Jobs was launching the first iPhone and Bear Stearns had a market…
Business
Stocks to watch: ST Engineering, UOI, Suntec Reit, OUE Reit, mm2 Asia
The following companies saw new developments that may affect trading of their securities on Friday (Oct 24): Source link
Business
Anthropic to use Google’s AI chips worth tens of billions to train Claude chatbot
ANTHROPIC is expanding its deal with Google to use as many as one million of the tech giant’s artificial intelligence chips, worth tens of…
Business
Bank of England chief Afua Kyei tops 2026 Powerlist as UK's most influential black person
Adina Campbell,UK correspondent and Anthea Lee Afua Kyei, the Bank of England's chief financial officer, has been named the UK's most…
Business
WGA Says Warner Bros. Merger Would Be a ‘Disaster’ for Writers
The Writers Guild of America came out swinging on Thursday against a merger between Warner Bros. and any other studio, saying such…
Business
Keppel DC Reit’s 9-month distributable income rises 55.5%
Keppel DC Reit reported distributable income of S$195.3 million for the nine months ended Sep 30, up 55.5 per cent from S$125.6 million a…
Business
Intel beats third-quarter profit estimates as cost cuts, investments pay off
INTEL beat expectations for September-quarter profit as CEO Lip-Bu Tan’s drastic cost-cutting measures helped the chipmaker shore up its…
Business
Blackstone profits soar but lower rates bring scrutiny to credit
The US$1.2 trillion firm is a giant non-bank lender in its own right, with credit dominating flows in the third quarter Blackstone sent…
Business
Apple begins shipping AI servers from Houston factory
Apple has started shipping artificial intelligence servers built in a factory in Houston, it said on Thursday, part of the company’s plans…
Business
Apple loses landmark UK lawsuit over app store commissions
Apple abused its dominant position by charging app developers unfair commissions, a London tribunal ruled on Thursday, in a blow which…
Business
Target to eliminate 1,800 roles, 8% of headquarters team
Target is eliminating about 8 per cent of corporate roles in its first major restructuring in years, according to a memo viewed by…
Business
Target to Slash 1,800 Corporate Jobs
Target is eliminating approximately 1,800 corporate positions, laying off 1,000 employees and not filling about 800 vacant positions. The…
Business
Applied Materials to cut 4% of global staff after sales slow
Applied Materials, the largest US producer of chipmaking equipment, plans to cut 4 per cent of its global workforce as it copes with a…
Business
US: Wall Street ends higher amid mixed earnings, Trump-Xi meeting confirmed
Wall Street advanced on Thursday as investors mulled a mixed batch of corporate earnings and shifting geopolitical concerns. All three…
Business
Europe: Stoxx 600 closes at record high on energy boost, earnings in focus
THE Stoxx 600 index closed at a record high on Thursday, led by gains in energy stocks after the US imposed new sanctions on Russia, while…
Business
US bank reserves fall second week, extend drop below US$3 trillion
The drop comes as the Treasury has ramped up debt issuance to rebuild its cash balance following the increase in the debt ceiling in July…
Business
Nokia CEO Hotard compares AI surge to 1990s internet boom, but plays down bubble fears
Hotard’s remarks come amid growing debate over whether the surge in AI investment is sustainable [ESPOO, Finland] Nokia’s CEO Justin…