Business
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…
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Business
Business
No Signboard former chairman, CEO Lim Yong Sim fined S$420,000 for price rigging
NO SIGNBOARD’S former executive chairman and chief executive officer Lim Yong Sim was convicted and sentenced to a fine of S$420,000 on…
Business
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…
Business
Parole Examiner Lee Spoilers: Lee Hak Joo Talks About Arrogant Chaebol Villian Ji Myung Seob
Parole Examiner Lee, the upcoming tvN drama starring Go Soo, Kwon Yu Ri, Baek Ji Won, and Lee Hak Joo, is only a couple of weeks away from…
Business
US: Wall St opens higher, boosted by Amazon
Stock indexes opened higher on Friday (Nov 1), as Amazon’s strong earnings mitigated Apple’s weaker China sales and investors weighed a…
Business
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…
Business
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…
Business
Amazon reassures investors with cloud growth, cost-cutting
AMAZON.COM reported strong results that showed a company humming on all cylinders, a testament to its efforts to cut and reallocate costs…
Business
China directs automakers to halt investments in EU countries supporting EV tariffs
China has directed its auto manufacturers to pause substantial investments in European Union (EU) countries that endorse additional…
Business
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…
Business
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…
Business
CDL acquires 51% stake in Shanghai mixed-used site for 4.6 billion yuan
CITY Developments Ltd (CDL), together with its partner in China, Lianfa Group, have been awarded the tender for a mixed-use development…
Business
Undocumented migrants have no safety net for retirement. Many have no choice but to keep toiling
If Maria del Carmen Díaz, 69, and Jose Carlos Silva, 67, had the retirement of their dreams, they’d own a house somewhere in the…
Business
Singapore stocks edge down on Friday; STI falls 0.1%
SINGAPORE equities closed in the red on Friday (Nov 1) as the market returned from a one-day Deepavali break. The Singapore Exchange’s…
Business
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 Keppel KEPPEL Reit’s manager on Friday (Nov 1) announced…
Business
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…
Business
Japan’s largest pension fund GPIF has worst loss since 2020
JAPAN’S government Pension Investment Fund (GPIF) posted its biggest quarterly loss since 2020 as a rebound in the yen erased gains on…
Business
Who Is Rachel Kennedy? Former Playboy Model Claims Diddy Lured Her to Tokyo Freak-Off, Made Her Watch JLo Videos as She Calls Her a 'Monster'
A former Playboy model who claims she was tricked into a "freak off" with Sean "Diddy" Combs describes the disgraced music mogul as a…
Business
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…
Business
Falcon Energy to delist on Nov 15
The High Court in April ordered the company to wind up after multiple failed restructuring attempts OFFSHORE and marine player Falcon…
Business
Parole Examiner Lee Spoilers: Baek Ji Won Shares Crucial Details About Choi Hwa Ran
Actress Baek Ji Won, who will portray legendary loan shark Choi Hwa Ran in the upcoming tvN drama Parole Examiner Lee, recently shared…
Business
Hot stock: Singtel shares fall nearly 2% on heavy trading as investors weigh Optus lawsuit
SHARES of telco giant Singtel saw heavy trading on Friday (Nov 1) after court proceedings against its subsidiary Optus Mobile in Australia…
Business
Japan's rising minimum wage likely to push up inflation, BOJ says
By Leika Kihara TOKYO (Reuters) -Japan's rising minimum wage is likely to push up inflation mainly through higher services prices, the…
Business
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…