Comcast unit sues Warner Bros for breach on TV show deals
COMCAST’S European Sky pay-television unit sued Warner Bros, alleging the film and TV company breached an agreement to share co-production opportunities on projects like a Harry Potter TV…
Section
Fashion
OpenAI is growing fast and burning through piles of money
OPENAI, the San Francisco startup behind ChatGPT, has been telling investors that it is making billions from its chatbot and that it expects to make a lot more in the coming years. But it…
Rate cuts set gold on track for best quarter in eight years
GOLD prices were heading for their best quarter in more than eight years on Friday (Sep 27), having hit a series of record highs in recent sessions as the start of US monetary easing…
Dollar weakens after inflation data, yen surges on Ishiba win
THE dollar fell on Friday (Sep 27) after a reading of US inflation signalled price pressures continue to ebb, while the yen strengthened against the greenback after Shigeru Ishiba, seen as…
US: Dow closes at record high as tame inflation report also lifts small caps
THE blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap stocks and…
China-linked stocks climb on bevy of stimulus measures
US-LISTED shares of Chinese firms and China-focused funds jumped on Friday (Sep 27) and are set for another day of strong gains, aided by the latest in a line of aggressive stimulus…
Yen bounces back as veteran lawmaker Ishiba wins PM contest
THE yen regained strength on Friday (Sep 27), bouncing back from earlier losses, after Japan’s former defence minister Shigeru Ishiba won the leadership contest of the country’s ruling…
News Corp-owned REA sweetens takeover offer for UK's Rightmove to US$8.3 billion
AUSTRALIA’S REA Group, owned by Rupert Murdoch controlled-News Corp, bumped up its takeover bid for Rightmove to £6.2 billion (S$10.6 billion) on Friday (Sep 27), after the UK company…
Australia's Star plunges after US$1.2 billion loss; responds to show-cause notice
SHARES in Australian casino operator Star Entertainment slumped more than 50 per cent to a record low on Friday (Sep 27), as it resumed trading a day after posting a second straight…
Construction companies must dig deeper to improve productivity amid rising temperatures
Besides focusing on worker safety, they can also look at quantifying impact of heat on productivity AS RISING temperatures impede the progress of construction projects in Singapore,…
UBS in talks to form Indian minority-owned wealth joint venture, sources say
This may be the second country in the Asia-Pacific region where UBS enters an equity partnership with a local player UBS has been in talks to form an Indian wealth management joint venture…
Broader market continues rally despite index heavyweights weighing down the STI
THE Straits Times Index (STI) closed lower on Friday (Sep 27) as regional indices showed mixed results. The STI was down 0.3 per cent or 8.87 points at 3,573.36. Across the broader market,…
Column: Desperate for good news about climate change? Consider the pace of clean energy growth
Climate change has been viewed almost universally as a burden, a hot potato to be passed from country to country at annual climate change conferences. Although it’s widely known that…
Southern California's hottest commercial real estate market is for tenants that aren't human
Where Wilshire Boulevard begins in downtown Los Angeles, thousands of miles of undersea fiber-optic cables disappear into an ordinary-looking office tower. One Wilshire is the mother of…
Malaysia’s Sarawak state secures largest stake in Affin Bank
MALAYSIA’S Sarawak state has emerged as the largest shareholder in Affin Bank after finalising a long-delayed deal to acquire additional shares in the lender. State-owned SG Assetfin…
Nikkei rallies 2% on softer yen, Japan leadership tussle in spotlight
JAPAN’S Nikkei share average rallied more than 2 per cent on Friday (Sep 27), buoyed by further softening of the yen as markets closed just before results of the ruling Liberal Democratic…
Pop Mart toys fuel 150% rally in bright spot for China consumer
CHECKING out the latest arrivals in a Pop Mart store near their apartment has become a weekend routine for 34-year-old Shanghai resident Miki Li and her family. Li likes collecting blind…
Iron ore rallies back above US$100 as China’s shift boosts outlook
Futures are on course for the highest close since August, rising 3.5 per cent to US$101.95 a tonne in Singapore IRON ore headed for the biggest weekly gain since April, with futures…
Medco Energi in talks to buy controlling stake in Senoko: sources
Medco Energi Internasional is in exclusive talks to buy a controlling stake in Senoko Energy, according to people with knowledge of the matter, in a deal that could value the…
Hot stock: Wilmar hits near 5-month high amid heavy trading
The counter remains one of the most actively traded counter in terms of volume with 12.9 million shares transacted SHARES of Wilmar International surged on Friday (Sep 27) to reach a near…
Musk’s X seeks Brazil comeback, retreats on ‘censorship’ feud
IN A major climbdown, Elon Musk’s X told Brazil’s Supreme Court it had complied with orders to stop the spread of misinformation and asked a judge to lift a ban on the platform, according…
Asia: Hong Kong, Shanghai extend surge as China optimism boosts markets
HONG Kong and Shanghai ploughed on with their China-fuelled rally on Friday on hopes that Beijing will press on with new plans to boost the world’s number two economy. A string of…
Arm rebuffed by Intel after inquiring about buying product unit
ARM Holdings approached Intel about potentially buying the ailing chipmaker’s product division, only to be told that the business is not for sale, according to a person with direct…
Stocks to watch: CapitaLand Integrated Commercial Trust, UOL, SingLand, Amos
THE following companies saw new developments that may affect trading of their securities on Friday (Sep 27): CapitaLand Integrated Commercial Trust (CICT): The trust will issue 377.3…