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Oil prices steady after steep losses in previous session
[HOUSTON] Oil prices held largely steady on Thursday after declining around 4 per cent in the previous session as investors weighed concerns about global oversupply with looming sanctions against Russia’s Lukoil.Brent...
Novo gets 15 billion euros of orders for Akero acquisition bonds
[NEW YORK] Novo Nordisk has pulled in more than 15 billion euros (S$22.6 billion) of investor orders for its multi-tranche bond sale, more than triple the amount the Danish...
Centurion posts 9% rise in Q3 revenue with strong demand for worker, student housing
The company has S$713 million in borrowings as at Sep 30, against S$434 million in cash[SINGAPORE] Centurion Corp saw revenue rise 9 per cent to S$67.5 million for the...
Sats Q2 net profit up 13.3% to S$78.9 million as clients front-load orders ahead of US tariffs
The group declares an interim dividend of S$0.02 per share, higher than S$0.015 a year ago[SINGAPORE] In-flight caterer and ground handler Sats on Thursday (Nov 13) announced a Q2...
EC World Reit Q3 net property income down 60.5%; illegally mortgaged units face 2 lawsuits
The Reit is suspended from trading, and it is unlikely to declare any distribution for FY2025[SINGAPORE] The manager of EC World Reit posted a net property income of S$9...
Bumitama Agri’s 9M profit rises 29% with record rainfall in Central Kalimantan
Crude palm oil accounts for 84% of its sales, with the remainder from palm kernel[SINGAPORE] Palm oil producer Bumitama Agri posted a 29 per cent rise in net profit...
1MDB drops JPMorgan, Coutts from US$1.1b lawsuit
[KUALA LUMPUR] Malaysia state firm 1MDB dropped its court action against JPMorgan and Coutts, The Edge reported.The two banks were part of Malaysia’s lawsuit first filed in 2021, which...
Goldman set for record advisory year after US$110 million fee on EA’s take-private deal
A 2025 M&A rebound has lifted US bank deal revenue, with Goldman outpacing its rivals[NEW YORK] Goldman Sachs Group’s biggest-ever M&A payday may be the precursor to the bank’s...
SIA posts 67.8% drop in net profit to S$238.5 million for H1 FY2026; declares special dividend package
The group attributes the decline in earnings to losses by its associate Air India, which were not included in previous year’s results[SINGAPORE] National carrier Singapore Airlines (SIA) posted a...
STI inches higher on Thursday, tracking regional benchmarks
[SINGAPORE] Singapore stocks ended higher on Thursday (Nov 13), tracking regional peers.The benchmark Straits Times Index (STI) gained 0.2 per cent or seven points to finish at 4,575.91. Meanwhile,...
LTA greenlights autonomous vehicle testing by WeRide, Grab in Punggol Digital District
This comes ahead of the public launch of an autonomous ride service operated by both companies by early 2026 [SINGAPORE] Singapore’s Land Transport Authority (LTA) has granted approval to...
LTA greenlights autonomous vehicle testing by WeRide, Grab in Punggol ahead of AV shuttle service’s public launch
An autonomous ride service operated by both companies is expected to take public passengers in Punggol by early 2026 [SINGAPORE] The Land Transport Authority (LTA) has granted approval to...