Culture
Tan Kok Huat, CEO of Reclaims Global, boosts stake
Financial services and telecommunications booked the most net institutional inflow for the week of Nov 7 to 13[SINGAPORE] Over the five trading sessions from Nov 7 to 13, institutions...
Buffett acquires US$4.9 billion stake in Google parent Alphabet
WARREN Buffett’s Berkshire Hathaway acquired 17.9 million shares of Google parent Alphabet during the third quarter, while further trimming its holdings in Bank of America and Apple.Berkshire’s Alphabet stake,...
Google plans US$40 billion Texas data center investment amid AI boom
ALPHABET’S Google said on Friday (Nov 14) it would invest US$40 billion in three new data centers in Texas, as part of its push to expand capacity for artificial...
US: Wall Street ends mixed; traders look to Nvidia report
WALL Street stocks ended mixed on Friday (Nov 14) as investors looked ahead to Nvidia’s quarterly results next week and worried that the Federal Reserve may hold off on...
Europe: Shares fall as US rate cut expectations wane; UK fiscal worries resurface
EUROPEAN shares fell on Friday (Nov 14), as hawkish commentary from US policymakers dampened expectations of an imminent interest rate cut, even as the benchmark Stoxx 600 index registered...
Japan’s megabanks lift profit forecasts to record highs, step up buybacks
The banks’ strong Q2 earnings demonstrate their success in weathering uncertain global economic conditions[TOKYO] Japan’s largest banks raised their annual profit forecasts and expanded share buyback programmes after strong...
Cartier owner sales lifted by jewellery, improving Asia
Strong demand for jewellery boosted the sales of brands such as Buccellati, Cartier, Van Cleef & Arpels and Vhernier by 6% [ZURICH] Swiss luxury group Richemont, owner of Cartier...
Stamford Land H1 profit rises 4.1% to S$15.8 million on higher hotel room rates
[SINGAPORE] Stamford Land reported a 4.1 per cent rise in net profit to S$15.8 million for its first half ended Sep 30, from S$15.2 million in the year-ago period.This...
China to tighten oversight on new cars exported as used vehicles
[BEIJING] China will strengthen oversight of used-car exports and strictly control the export of new cars under the guise of used vehicles, according to a notice issued by the...
Additional spectrum from Simba-M1 merger would give new entity ‘structural advantage’, says StarHub
Telcos react to proposed merger; Circles.Life is concerned about the new entity’s pole position in the wholesale market [SINGAPORE] The proposed Simba-M1 merger will result in the combined Simba-M1...
