UniCredit in court limbo over ECB’s Russia demands: sources
UNICREDIT is still awaiting a court decision over whether it must immediately reduce its Russia business to comply with an order by the European Central Bank (ECB), months after filing an…
Swedan Margen
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UOB Kay Hian cleared to resume IPO and RTO activities following moratorium lift
SINGAPORE Exchange Regulation (SGX RegCo) has lifted a moratorium on UOB Kay Hian (UOBKH) with immediate effect. This allows the brokerage to resume its role as issue manager and full…
Blackstone’s credit arm is now its top business, fuelling profits
BLACKSTONE posted an increase in third-quarter profit as its credit arm was boosted by an influx of investor cash and became its biggest business by assets. Distributable earnings climbed…
AI is supposed to be Hollywood's next big thing. What's taking so long?
As AI technology advances, industry observers expect to see more deals between tech companies, studios and talent. But major challenges remain. Source link
Export growth lifts investor sentiment; STI up 1%
SINGAPORE shares ended higher on Thursday (Oct 17) after the release of September’s export data. The benchmark Straits Times Index (STI) was up 1 per cent or 34.63 points at 3,625.25.…
🤑 Is financial freedom just about getting rich quick and retiring early? Here’s what we think
🧮 Numbers game We’re familiar with various financial goals such as saving S$100,000 by 30, or retiring by 45 with enough to live comfortably for the rest of one’s life. But let’s take a…
Goldman Sachs, Morgan Stanley sell combined US$11 billion in bonds
GOLDMAN Sachs and Morgan Stanley sold a combined US$11.3 billion in investment-grade bonds on Wednesday (Oct 16), after both banks posted earnings that surpassed analyst expectations. Both…
Germany’s Merck open to more M&A for its Life Science division
GERMAN science and technology group Merck is open to more acquisitions for its Life Science business after announcing in May it would buy Mirus Bio for US$600 million, it said ahead of its…
China woes drag down Pernod Ricard first quarter sales
FRENCH spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fall in first quarter sales, caused…
Self-driving startup Pony.ai plans to publicly file for US IPO: sources
It develops and operates self-driving fleets in the US and China, and manages vehicles which include trucks and robotaxis AUTONOMOUS driving startup Pony.ai plans to file publicly for an…
TSMC’s Q3 profit handily beats forecasts on AI boom
TAIWAN Semiconductor Manufacturing Company (TSMC), the dominant producer of advanced chips used in artificial intelligence (AI) applications, reported on Thursday (Oct 17) a…
Nestle announces restructuring, misses nine-month organic sales forecast
NESTLE announced it is revamping senior leadership and its operating structure, cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth, after…
Chick-fil-A announces 2025 Singapore launch in US$75 million Asia foray
AMERICAN fast food restaurant chain Chick-fil-A is opening its first restaurant in Singapore in late 2025, with plans to open two more outlets in the city state by the end of 2026. On…
Cathay Pacific’s new business class is all about quiet luxury
ON EMIRATES, passengers in business class have a bartender to mix a cocktail mid-flight. Virgin Atlantic Airways offers the Loft Lounge, a sky-high saloon where travellers can relax on red…
Medical tourism, biopharma leading the way in China’s healthcare flows to Asean
Patients are flocking to the region in search of good quality, alternative healthcare treatments, while biopharma firms are making forays into new, emerging markets Within the Chinese…
Europe’s airlines dial up pressure in face of Chinese threat
AIR-FRANCE KLM is lobbying the French government to cap the number of flights that mainland Chinese carriers can make to Europe, according to sources familiar with the matter, in a bid to…
Sembcorp secures 150 MW wind-solar power project in India
STATE-OWNED Solar Energy Corporation of India (SECI) has awarded a 150 megawatt (MW) wind-solar hybrid power project to Sembcorp Green Infra – Sembcorp Industries’ wholly owned renewables…
Apple secretly worked with China’s BYD on long-range EV battery
APPLE worked with Chinese automaker BYD for years as part of its now-cancelled car project, developing long-range batteries that helped lay the groundwork for technology used today,…
Stripe in advanced talks to acquire stablecoin-focused fintech platform Bridge
STRIPE, the payments company founded by billionaire brothers Patrick and John Collison, is in advanced talks to acquire venture-backed fintech platform Bridge. Stripe has been in talks to…
Robinhood plans to give traders access to futures, index options
ROBINHOOD Markets is broadening its offerings to futures trading and index options as the retail brokerage aims to attract more sophisticated investors to its platform. The futures…
Bernard Arnault’s US$37 billion wealth loss comes as luxury dims in China
EIGHTEEN months ago, LVMH shares were trading at a record high and the group’s controlling shareholder, Bernard Arnault, was the world’s wealthiest person. Fast forward to Wednesday (Oct…
FTC adopts 'click to cancel' rule to make it easier to end subscriptions, mirroring California law
The Federal Trade Commission continued its crackdown on businesses that deceptively market and sell subscription services, adopting a rule Wednesday requiring companies to let consumers…
Bursa Malaysia’s outperformance may attract Singapore listcos seeking higher valuations
Singapore-listed UMS and Grand Venture Technology say they are eyeing secondary listings in Kuala Lumpur BURSA Malaysia has been one of the top performing markets in the region, with…
Amazon, Google tap into nuclear power to fuel data centers and AI push
Amazon on Wednesday announced plans to invest in nuclear power production to fuel its data centers with clean energy, a key part of the e-commerce giant’s push to expand AI-powered…