AstraZeneca cancels UK plant after subsidies cut
BRITISH pharmaceutical giant AstraZeneca said on Friday (Jan 31) that it was abandoning plans to build a £450 million (S$756.9 million) vaccine plant, a major blow to the Labour…
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Fashion
OpenAI releases cheaper model o3-mini in wake of DeepSeek
OpenAI rolled out a new, lightweight artificial intelligence (AI) model that it said is capable of human-like reasoning and makes gains on efficiency – a product that will be closely…
Singapore will continue to work with US counterparts to comply with export controls: MTI
The ministry says it expects US companies to adhere to US export controls and local domestic legislation THE Ministry of Trade and Industry (MTI) said on Saturday (Feb 1) that Singapore’s…
Steel, aluminium tariffs will impact millions of tonnes of imports
AluminIum and steel were among the first tariffs to be enacted during President Donald Trump’s first term. A revival of those measures is expected Saturday (Feb 1), which would affect…
JPMorgan plans US$4 billion US gold delivery amid tariff fears
JPMorgan Chase will deliver gold bullion valued at more than US$4 billion against futures contracts in New York in February, at a time when surging prices and the threat of import tariffs…
Nvidia CEO Huang meets Trump at White House on Friday
President Donald Trump met Friday (Jan 31) with Nvidia chief executive officer Jensen Huang at the White House as the US prepares tariffs on semiconductors, weighs the fate of a chip…
Oil posts weekly losses as US set to impose tariffs on Canada, Mexico
Oil prices eased on Friday (Jan 31) and closed the week lower as investors awaited 25 per cent tariffs by the US on Canada and Mexico, expected on Saturday. Brent crude futures for March,…
Fu Yu will not convene requisitioned EGM; investigates business unit
THE board of directors of Fu Yu Corporation on Friday (Jan 31) announced that the company will not convene an extraordinary general meeting (EGM) requisitioned by Victor Lim, its largest…
US: Wall St opens higher on gains in Apple, in-line inflation reading
WALL Street’s main indexes opened higher on Friday (Jan 31) on gains in Apple following its strong sales forecast, with an in-line reading for the Federal Reserve’s favoured inflation…
Veteran bankers Eric Tham and Tan Jeh Wuan to join board of Raffles Medical’s insurance unit
VETERAN bankers Eric Tham and Tan Jeh Wuan have been designated to the board of Raffles Health Insurance as non-executive and independent directors, with effect from Feb 1, 2025.…
Higher casino takings drive MBS’ revenue for Q4 2024
MARINA Bay Sands (MBS) posted a 7.2 per cent rise in net revenue to US$1.14 billion for the fourth quarter ended Dec 31, 2024 amid ongoing renovation and refurbishment efforts as it…
Sats acquires remaining 15% stake in Sats Food Solutions (Thailand)
The unit will serve as a centre of excellence for large-scale fresh frozen production in the group’s food solutions network CATERING and ground handling company Sats has acquired the…
India central bank injects US$5.10 billion via FX swap to ease cash crunch
INDIA’S central bank injected US$5.10 billion through a foreign-exchange swap auction, using the tool for the first time in five years to ease a severe cash crunch plaguing the financial…
Musk-Trump bromance turns X debt from burden to asset for Morgan Stanley
JUST a few months ago, Morgan Stanley was stuck with billions of US dollars of unloved debt tied to Elon Musk’s controversial 2022 buyout of social-media platform Twitter. It took one…
Markets price in fewer rate cuts as Fed holds on tariff uncertainty, persistent inflation
Industry watchers expect that lack of clarity over Trump’s policies will continue to weigh on US central bank’s movements GLOBAL markets are pricing in fewer rate cuts for the year as the…
CCCS gives conditional OK to expanding SIA-Lufthansa JV to step up air passenger services in more markets
THE Consumer Commission of Singapore (CCCS) has conditionally approved the proposed expansion of a 2016 joint venture between Singapore Airlines (SIA) and Lufthansa, which would give a…
Samsung Electronics posts 129.85% jump in Q4 operating profit
SAMSUNG Electronics said on Friday its operating profits surged 129.85 per cent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to meet…
Singapore shares track regional gains on Friday; STI up 1.4%
SINGAPORE shares tracked regional gains on Friday (Jan 31), ending the week higher after markets reopened following the two-day break for Chinese New Year. The benchmark Straits Times…
US Steel posts muted quarterly results amid Nippon deal snag
US STEEL reported fourth-quarter loss and revenue that matched Wall Street estimates on Thursday, dented by price declines and a bumpy demand environment. The industry has been struggling,…
Stocks to watch: Singtel, SIA
THE following companies saw new developments that may affect trading of their securities on Friday (Jan 31): Source link
Mastercard earnings tops estimates as firm broadens services
MASTERCARD reported earnings that beat estimates as the firm diversifies beyond its traditional payment network into anti-fraud services, data analysis and global money movement. Adjusted…
US DOJ sues to block Hewlett Packard Enterprise’s US$14 billion Juniper deal
THE US Department of Justice has sued to block Hewlett Packard Enterprise’s US$14 billion deal to acquire networking gear maker Juniper Networks, arguing that it would stifle competition,…
Intel’s quarterly revenue tops expectations as investors await new CEO
INTEL on Thursday posted December-quarter results that beat analysts’ low expectations, while its forecast for current-quarter revenue missed estimates as the chipmaker grapples with tepid…
Rethinking Centurion’s role in housing workers
There is a case for shrinking the private sector’s involvement in areas such as their accommodation and healthcare REAL estate investment trust (Reit) investors here are already spoilt for…