Business
Several key executives exit SingPost amid restructuring retrenchment
The company is left with group chief operating officer Neo Su Yin, group CFO Isaac Mah, acting CEO for the international business unit Gan…
Section
Business
Business
YZJ Financial falls 10% after announcement of divestment of entire treasury shareholding
Shares of Yangzijiang Financial, the financial arm of Yangzijiang shipbuilding, fell 10 per cent after the company on Sunday (Mar 30) said…
Business
YZJ Financial falls 10% on placement of treasury shares at S$0.72 each
Shares of Yangzijiang Financial, the financial arm of Yangzijiang shipbuilding, fell 10 per cent after the company on Sunday (Mar 30) said…
Business
Buffett’s Berkshire Hathaway mandates banks for yen bond deal
WARREN Buffett’s Berkshire Hathaway is planning to sell yen bonds in the global markets, after the billionaire revealed that the firm is…
Business
Keppel divests entire stake in Vietnam’s Palm City for 2.6 trillion dong
Global asset manager Keppel, through its real estate division, has divested its entire 42 per cent stake in South Rach Chiec City – the…
Business
Keppel Infrastructure Trust to buy 46.7% stake in subsea cable firm Global Marine for US$90.6 million
Keppel Infrastructure Trust (KIT) will be acquiring about 46.7 per cent stake in Global Marine Group (GMG), a leading subsea cable…
Business
Cordlife served two letters of demand from customers; any settlement likely to hit group’s finances
One group of clients seeking damages under contract breach, negligence; the other wants warranties and cost compensation Cordlife received…
Business
CapitaLand Ascendas Reit's S$883 million Science Park upgrade complete
CapitaLand Group has completed its S$883 million redevelopment of 1 Science Park Drive, a property situated in Geneo, the life sciences…
Business
OpenAI finalizes a record $40-billion funding round
OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion from…
Business
Stocks to watch: Keppel, CapitaLand Ascendas Reit, YZJ Financial, KIT, Boustead, Cordlife
The following companies saw new developments that may affect trading of its securities on Tuesday (Apr 1). Keppel: The global asset…
Business
US judge rejects J&J’s US$10 billion baby powder settlement
A US bankruptcy judge on Monday rejected Johnson & Johnson’s US$10 billion proposal to end lawsuits alleging that its baby powder and…
Business
GlobalFoundries, Taiwanese chipmaker UMC consider merger: sources
TAIWAN’S major chipmaker United Microelectronics and US-based GlobalFoundries are looking into the possibility of a merger, two sources…
Business
Musk’s XAI deal offers unexpected win for X investors
Elon Musk just acquired the social network formerly known as Twitter for the second time in three years. Musk, the world’s richest person,…
Business
OpenAI to raise US$40 billion in SoftBank-led new funding
OPENAI said on Monday it would raise US$40 billion in a new funding round led by SoftBank Group at a US$300 billion valuation to advance…
Business
OpenAI finalises US$40 billion funding at US$300 billion value
OpenAI, the artificial intelligence company behind ChatGPT, said it has finalised a funding round that will bring in US$40 billion from…
Business
US: Stocks mixed as traders shake off tariff uncertainty
US stocks shook off some early gloom about Donald Trump’s imminent tariff announcement to close mixed on Monday, with the S&P 500 bouncing…
Business
Tag Heuer’s New Campaign Is About a Winning Mentality
GENEVA — Snagging the top gong or the first step of the podium isn’t just about skill or dedication. It’s about being “Designed to Win,”…
Business
PVH Tops Q4 Estimates, Looks to Bad Bunny for a Boost
Stefan Larsson exceeded his mark for the fourth quarter at PVH Corp. — with sales and profits that topped expectations and were warmly…
Business
DBS, UOB, OCBC chiefs’ salary packages still lag global peers
The trio of local banks on the STI are smaller in terms of revenue, but appear to be making their money work harder Piyush Gupta, who on…
Business
Privatisation on the horizon for S-Reits with low liquidity, mostly overseas assets
Observers say higher-for-longer interest rates might make highly under-valued Reits more attractive for privatisation The Singapore real…
Business
Interactive: The Straits Times Index - Race to 4,000 points
The benchmark Straits Times Index (STI) has been on a tear in the past year or so, with multiple sessions ending in new all-time highs. On…
Business
Nasa's Butch and Suni adapt to life back on Earth - 'It's weird'
Nasa astronauts Butch Wilmore and Suni Williams describe what's strange about being back on Earth after so long in orbit. The duo's…
Business
‘The White Lotus’ Breaks Series Record for Second Week in a Row, Reaching 4.8 Million Viewers With Episode 7
After hitting a series high of 4.2 million viewers last week, “The White Lotus” has lifted its ratings ceiling again. Mike White’s HBO…
Business
Consumer Behaviors Emerge as Anxiety Rises Over Fear of Unexpected Expenses
In its latest research report, Splitit teamed up with Pymnts for a survey of more than 7,000 U.S. consumers to gauge stress levels amid…