Starbucks workers to strike in 40 cities, targeting ‘Red Cup Day’
Unionised Starbucks baristas are launching a wave of walkouts on Thursday (Nov 13), a work stoppage they say could grow to become their biggest strike to date. Workers United, which…
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Fashion
Sats Q2 net profit up 13.3% to S$78.9 million as clients front-load orders ahead of US tariffs
The group declares an interim dividend of S$0.02 per share, higher than S$0.015 a year ago In-flight caterer and ground handler Sats on Thursday (Nov 13) announced a Q2 FY2026 net profit…
Apple and Tencent agree to 15% fee on WeChat mini game purchases
Tencent Holdings has agreed a deal with Apple that will see the iPhone maker handle payments and take a 15 per cent cut of purchases in WeChat mini games and apps, according to people…
Debt-ridden mm2 Asia’s H1 net loss deepens to S$39.7 million as existential threat looms
Entertainment group mm2 Asia on Thursday (Nov 13) reported a net loss of S$39.7 million for the half-year ended Sep 30, widening from the net loss of S$3.9 million for the year-ago period.…
1MDB drops JPMorgan, Coutts from US$1.1b lawsuit
Malaysia state firm 1MDB dropped its court action against JPMorgan and Coutts, The Edge reported. The two banks were part of Malaysia’s lawsuit first filed in 2021, which cited negligence,…
SIA posts 82.1% drop in net profit to S$52 million for Q2; declares special dividend package
The group attributes the decline in earnings to losses by its associate Air India, which are not included in previous year’s results National carrier Singapore Airlines (SIA) posted a 82.1…
Pfizer looks to sell stake in pandemic vaccine partner BioNTech
Pfizer is looking to sell its remaining stake in Covid-19 vaccine partner BioNTech, a remnant from one of the pandemic’s most lucrative collaborations. The US drugmaker is offering about…
Tencent posts 15% revenue jump, sustaining growth without splashy AI bets
China’s most valuable company reports sales of 192.9 billion yuan for the three months ended September [SHENZHEN, China] Tencent Holdings posted a faster-than-anticipated 15 per cent rise…
Singtel remains ‘fully behind’ Optus despite outages and lacklustre returns
Singtel chief says it has to ‘work very hard to rebuild the trust and the confidence’ the outages have taken Minority shareholders of Singtel might be concerned over its investment in…
Alibaba prepares major revamp of flagship AI app to rival ChatGPT
Alibaba Group Holding is preparing an overhaul of its main mobile AI app in coming months to help it more closely resemble OpenAI’s ChatGPT, a key step in a broader effort to catch rivals…
Singapore’s bonds set to gain on tighter supply, more liquidity: Barclays
Singapore’s government bonds may see elevated demand through the end of the year, according to Barclays Plc. Yields on the island nation’s 10-year sovereign debt have fallen by around 100…
Analysts mixed on ST Engineering amid impairment from iDirect; CGS International upgrades to ‘add’
Analysts are mixed on ST Engineering – in the wake of the non-cash impairment of S$667 million incurred by the group on its satellite communications (satcom) subsidiary iDirect. This…
MAS to trial issuance of tokenised bills
The Monetary Authority of Singapore (MAS) announced that it will be trialling the issuance of tokenised bills to primary dealers, which will then be settled with central bank digital…
MAS to trial issuance of tokenised bills, releases guidelines for AI in financial sector
The Monetary Authority of Singapore (MAS) will be trialling the issuance of tokenised bills to primary dealers, which will then be settled with central bank digital currencies (CBDCs).…
Asia: Stocks stutter with focus on Fed, tech after US reopen vote
ASIAN markets trod water on Thursday as euphoria over the end of a record US government shutdown petered, with focus back on Federal Reserve interest rates and tech bubble worries.…
Shares of JB Foods, Food Empire soar on positive earnings
Shares of food exporters in Singapore JB Foods and Food Empire on Thursday (Nov 13) jumped significantly in early trade following their positive financial results. JB Foods shares’ as at…
Boeing ordered to pay more than US$28 million to 737 MAX crash victim’s family
A jury in federal court in Chicago ordered Boeing on Wednesday to pay more than US$28 million to the family of a United Nations environmental worker who was killed in the 2019 crash of a…
Stocks to watch: AEM, ST Engineering, Seatrium, CDG, Golden Agri, Ho Bee Land, Food Empire, NTT DC Reit
The following companies saw new developments that may affect trading of their securities on Thursday (Nov 13): AEM: The test solutions provider posted a S$4 million profit for the nine…
Waymo taxis are coming to Los Angeles and Bay Area freeways
Nearly one year after Waymo launched its autonomous ride-hailing service in Los Angeles, the company is ready to take on freeways. Waymo announced Wednesday that it would begin taking…
US House report accuses China of minerals market interference
CHINA for decades has sought to manipulate global critical minerals prices, using its control as an economic weapon to expand its manufacturing sector and its geopolitical influence, a US…
US presses final penny after more than 230 years
THE United States pressed its final circulating penny on Wednesday, in a move made to save money as the one-cent coin denomination became less relevant over time. The last coin was struck…
Europe: Stocks log record close, boosted by financials, US shutdown relief
EUROPEAN shares logged a second consecutive record close on Wednesday, boosted by financials as investors were relieved by a potential end to a historic US government shutdown and weighed…
GM wants parts makers to pull supply chains from China
General Motors (GM) has directed several thousand of its suppliers to scrub their supply chains of parts from China, four people familiar with the matter said, reflecting automakers’…
NTT DC Reit posts H1 DPU of US$0.0169, seeks growth in Tier 1 data centre markets
It is eyeing opportunities that will reduce tenant concentration, while diversifying its portfolio geographically NTT DC Real Estate Investment Trust (Reit) posted a distribution per unit…