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SINGAPORE Airlines (SIA) has clinched the top spot as an airline and ranked 28th overall in Fortune magazine’s list of the most admired companies globally. The list, in its 27th edition,…
SANOFI said it will repurchase five billion euros (S$7 billion) of stock and grow profits more quickly this year as the drugmaker pivots away from consumer health to focus on fast-growing…
THE Hong Kong Monetary Authority (HKMA) left its base rate unchanged at 4.75 per cent on Thursday (Jan 30), tracking a move by the US Federal Reserve to keep rates steady. Hong Kong’s…
AN AMERICAN Airlines regional passenger jet was involved in a mid-air collision on Wednesday (Jan 29) night with a US Army Black Hawk helicopter near Reagan Washington National Airport,…
ALIBABA Group Holding published benchmark scores and touted what it called world-leading performance with its new artificial intelligence (AI) model release. The upgraded Qwen 2.5 Max…
LEVI Strauss forecast annual profit well below analysts’ estimates, taking a cautious stance despite a strong holiday quarter and sending its shares down about 8 per cent in extended…
NISSAN Motor is eliminating a work shift at two US vehicle assembly plants and trimming its hourly staff via buyouts, a downsizing to align its output with lower sales volumes as it mulls…
CASINO operator Las Vegas Sands missed analysts’ estimates for fourth-quarter profit on Wednesday (Jan 29), hurt by tepid performance of its Macau business. The Las Vegas, Nevada-based…
THE European Central Bank (ECB) is all but certain to cut interest rates on Thursday (Jan 30) and is likely to keep open the door to further policy easing as concerns over lacklustre…
A GROUP of American investors vying to buy TikTok with support from top YouTuber MrBeast has secured more than US$20 billion for their offer, according to Jesse Tinsley, the tech…
META Platforms fourth-quarter revenue beat Wall Street expectations on Wednesday (Jan 29) but the company predicted sales in the current first quarter may not meet forecasts, sending mixed…
OIL prices fell on Wednesday (Jan 29), with the US benchmark settling at its lowest year to date, after domestic crude stockpiles in the world’s top petroleum producer and consumer rose…
EUROPEAN shares closed at a record high on Wednesday (Jan 29), boosted by technology stocks following strong results from chip equipment maker ASML, while investors shifted their focus to…
Waymo’s fleet of electric, self-driving taxis has been on the streets of Los Angeles for a few months now. And in a post on X this week, the company announced it was set to take on the…
The world’s largest technology companies climbed after a selloff that shook markets around the globe, with traders gearing up for the start of the megacap earnings season and the Federal…
Market observers also suggest that SGX identify a niche area, for example; more moves could emerge in Budget 2025 WITH the Monetary Authority of Singapore (MAS) Review Group looking into…
DEFAULTED Chinese developer Logan Group said creditors holding over 66 per cent of the group’s US$6.2 billion offshore debt have signed an agreement in support of its restructuring plan, a…
The world’s 500 richest people, led by Nvidia co-founder Jensen Huang, lost a combined US$108 billion on Monday (Jan 27) as a tech-led sell-off tied to Chinese artificial intelligence (AI)…
The rise of Chinese artificial intelligence (AI) firm DeepSeek caused a meltdown in US tech stocks on Monday (Jan 27). Nvidia on Monday suffered a wipeout of nearly US$600 billion in its…
Analysts warned that companies in the artificial intelligence (AI) ecosystem – including in Singapore – could be hit after the rise of Chinese AI firm DeepSeek caused a meltdown in US tech…
THE manager of Aims Apac Reit (AA Reit) on Tuesday (Jan 28) posted a 1.1 per cent increase in distribution per unit (DPU) to S$0.0707 for the nine months ended Dec 31, 2024, from S$0.0699…
Major U.S. tech stocks, including Nvidia, Oracle and Broadcom, plummeted Monday after Chinese artificial intelligence startup DeepSeek unveiled a new system that it says can compete…
Wall Street’s main indexes opened lower on Monday (Jan 27), as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chipmaker Nvidia and other…
SINGAPORE’S largest lender DBS Bank has acquired an additional stake in Shenzhen Rural Commercial Bank (SRCB), increasing its stake from 16.7 per cent to 19.4 per cent, it announced in a…
