Business
KKR acquires 35% of Fuji Soft after first stage of tender offer
PRIVATE equity firm KKR has acquired a 35 per cent stake in Japanese software developer Fuji Soft after the first part of its two-stage…
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Business
Business
Nigeria's army chief dies aged 56
Nigeria's army chief General Taoreed Lagbaja has died after a "period of illness" aged 56, President Bola Tinubu has announced. He died on…
Business
Obesity drugmaker Novo Nordisk posts strong profit
Danish pharmaceutical giant Novo Nordisk, maker of the blockbuster diabetes and weight-loss drugs Ozempic and Wegovy, posted on Wednesday…
Business
SIA Engineering to derive more contributions from its operating business
It is riding on robust demand for MRO services amid supply chain constraints and deferred plane deliveries AVIATION maintenance, repair…
Business
World leaders seek binding plastic pact
“We are choking on plastic,” declared UN Secretary-General António Guterres, addressing a panel of international negotiators in Cali,…
Business
Japan's Nikkei ends at 3-week high as markets await US election outcome
Japan’s Nikkei share average ended at a three-week high on Wednesday (Nov 6), led by chip and defence stocks, while market participants…
Business
BMW profit dives, misses expectations due to weak China sales, brake issues
BMW on Wednesday (Nov 6) reported a 61 per cent drop in its quarterly third-quarter profit that missed analyst expectations because of…
Business
Tech, manufacturing and China-linked stocks on the line as Asia braces for Trump 2.0
US-China trade tensions are likely to affect the Singapore equity market, say analysts, even as US markets get set to soar ASIAN and…
Business
Toyota keeps profit outlook despite weakness in Japan, China
TOYOTA Motor kept its annual profit outlook intact despite reporting quarterly results that were dragged down in Japan and China, as the…
Business
Thai inflation stays below central bank target for fifth month
THAILAND’S inflation stayed below the central bank’s target for a fifth straight month, building pressure on the monetary authority to…
Business
Germany’s Deutsche Bank pumps 51.1 billion rupees into India operations
GERMANY-BASED Deutsche Bank said on Wednesday (Oct 6) that it had infused 51.1 billion rupees (S$807 million) into its Indian operations…
Business
Honda still optimistic about sales despite weak second quarter
HONDA Motor raised its full-year guidance despite turning in second-quarter results that fell short of analyst estimates. Its shares…
Business
Bank Indonesia ready to stabilise rupiah as Trump leads
BANK Indonesia (BI) said it stands ready to act to steady the rupiah from excessive volatility as Donald Trump’s early lead in the US…
Business
Brookfield in talks with banks to refinance Shanghai towers
BROOKFIELD Asset Management is in talks with banks to refinance a loan that had backed its purchase of a Shanghai-based office tower…
Business
Nintendo’s next console will play current Switch games
NINTENDO said its next console will be compatible with current Switch games, allaying fears about the company’s ability to ride on the…
Business
Gold subdued as investors await US election outcome
GOLD prices were muted on Wednesday (Oct 6), as investors held back from taking big positions until the US election’s outcome was known…
Business
Bitcoin adds to biggest gain in a week as traders watch US election
BITCOIN added to its biggest gain in a week as traders around the world watched results trickle in from a US presidential election that…
Business
Bitcoin leaps to record high as traders lean towards Trump victory
BITCOIN surged to a record high in Asian trade as investors leaned towards Donald Trump winning the US presidential election. The world’s…
Business
Philippines Approves Purchase of 40 Patrol Boats Amid China Spat
(Bloomberg) -- The Philippines has approved the purchase of 40 fast patrol craft worth 25.8 billion pesos ($441 million), seeking to…
Business
Manulife US Reit’s portfolio occupancy falls to 77% in Q3
MANULIFE US Real Estate Investment Trust (MUST) posted a portfolio occupancy of 77 per cent for its third quarter ended September, down…
Business
Singapore shares open higher on Wednesday; STI up 0.5%
SINGAPORE shares began Wednesday (Nov 6) trading in positive territory, mirroring overnight gains in markets abroad. As at 9.01 am, the…
Business
HSBC already fears new downsized London HQ will prove too small
HSBC Holdings is still two years away from a planned move to a smaller City of London headquarters, but executives are already concerned…
Business
FLCT posts 5.7% drop in H2 DPU to S$0.0332 despite higher revenue
THE manager of Frasers Logistics & Commercial Trust (FLCT) on Wednesday (Nov 6) reported a distribution per unit (DPU) of S$0.0332 for the…
Business
CapitaLand Investment’s 9M revenue holds steady at S$2.1 billion
CAPITALAND Investment (CLI) reported S$2.1 billion in total revenue for the year to date (YTD) ended September, representing a slight…