Culture
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...
Olam in advanced talks to sell rest of US$4 billion agribusiness to Saudis
Saudi Agricultural & Livestock Investment Company now holds a 35.4% minority stake in Olam Agri after investing US$1.24 billion in the unitOLAM Group’s remaining 64.57 per cent stake in...
Singapore shares fall at Friday’s open; STI down 0.8%
SINGAPORE stocks began Friday (Nov 1) morning trading in negative territory, mirroring overnight losses in the global markets.As at 9.01 am, the Straits Times Index (STI) fell 28.72 points...
Boeing makes higher offer to striking workers, vote on Monday: union
US AVIATION giant Boeing has improved the conditions in its contract offer to thousands of striking workers, with a 38 per cent wage increase over four years and a...
