Culture

US: Stocks rise as market eyes Fed decision after weak jobs data
WALL Street stocks rose on Friday (Nov 1) following strong Amazon earnings and weak US jobs data that was seen as boosting the likelihood of Federal Reserve interest rate...
Apple to invest up to US$1.5 billion in Globalstar for satellite coverage expansion
APPLE will invest up to US$1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday (Nov...
KKR sees US$250 billion spent annually from data centre boom
SOARING demand for data centres to support artificial intelligence and cloud-computing will boost global spending in the sector to US$250 billion a year, according to KKR.The US is the...
Temasek, Republic-backed blockchain fund eyes raising US$100 million
Superscrypt, a blockchain venture capital company backed by Temasek Holdings, plans to raise up to US$100 million for its second investment fund, according to people familiar with the matter....
Exxon’s US$8.6 billion profit beats estimate as volume offsets price weakness
EXXON Mobil beat Wall Street’s third-quarter profit estimate on Friday (Nov 1), boosted by strong oil output in its first full quarter that includes volumes from US shale producer...
Universal Music sales beat estimates on subscription growth
Universal Music Group, the world’s largest record label, reported revenue that beat estimates on the back of subscriber growth and price increases at some platforms. Revenue from recorded music rose...
Chevron beats quarterly profit expectations on higher production
CHEVRON on Friday (Nov 1) beat Wall Street estimates for third-quarter profit, helped by higher oil and gas output, but overall earnings fell compared to the year-ago level. The company,...
Chua Hsien Yang to head Keppel Reit’s manager from Jan 1
Current CEO Koh Wee Lih will become managing director of business development at KeppelKEPPEL Reit’s manager on Friday (Nov 1) announced that Chua Hsien Yang will be appointed as...
UBS senior banker who pioneered ESG debt swaps leaves firm
He is among a select group of former Credit Suisse bankers who made it into top roles at UBS, after it acquired its troubled Swiss rival last yearA SENIOR...
SMI Vantage seeks to delist without exit offer, citing ‘difficult financial conditions’
SMI Vantage intends to hold an extraordinary general meeting for minority shareholders to evaluate and vote on a resolution that will see the company delist without an exit offer.The...
GIC-backed Coda Payments gets MAS’ in-principle nod for major payment institution licence
Holders are allowed to conduct multiple transactions without being subjected to certain threshold limits on transaction volume or float PAYMENTS firm Coda Payments has received in-principle approval from the Monetary...
Brokers’ take: RHB raises price target for Sheng Siong on positive outlook
RHB on Wednesday (Oct 30) raised its price target for Sheng Siong to S$2 from S$1.88 and kept its “buy” call on the counter. The new price target represents a...