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Revenue for the period rises 3.7% to S$239.2 million, from S$230.6 million previously The manager of Frasers Logistics & Commercial Trust (FLCT) on Friday (Nov 7) posted a distribution per…
FEDERAL Reserve Bank of Cleveland President Beth Hammack said monetary policy should continue putting downward pressure on inflation, which she says is too high and remains a bigger risk…
The promotions include 31 per cent Asian, 3 per cent Black and 4 per cent Hispanic or Latino staff Wall Street lender Goldman Sachs will promote 638 executives to managing director next…
Tesla CEO Elon Musk scored a resounding victory on Thursday as shareholders approved a pay package of as much as US$878 billion over the next decade, endorsing his vision of morphing the…
EUROPEAN stocks fell on Thursday, dragged by technology stocks that came under fresh selling pressure while investors assessed mixed earnings and disappointing key economic data. The…
Oil prices declined on Thursday as investors considered a potential supply glut, as well as weakened demand in the United States, the world’s largest oil consumer. Brent crude futures…
The nine-year rule has been a necessary jolt, forcing boards to re- examine composition, succession and independence IN THE wake of high-profile corporate scandals and the global financial…
ESPN is shifting its strategy on online sports gambling, ending its partnership with Penn Entertainment. The companies announced Thursday they were terminating an agreement that offered…
The company cannot guarantee the quality or authenticity of its chips delivered from China after Oct 13 NEXPERIA suspended supplies to its China factory because the local unit refused to…
Wall Street’s main indexes opened lower on Thursday (Nov 6), as investors digested a slate of corporate earnings, while concerns around US tariffs, surging valuations and mixed economic…
Bangladesh has ordered 25 wide-body aircraft from Boeing as part of a tariff deal with the United States, a top commerce ministry official told AFP on Thursday (Nov 6), as European envoys…
A Singapore Telecommunications unit offered to sell shares in Indian mobile carrier Bharti Airtel in a deal that may fetch US$1.2 billion, terms of the offering show. The unit, Pastel,…
India has 12 state-owned banks, which together hold assets totalling 171 trillion rupees (S$2.51 trillion) as of March India needs more “big banks” and efforts are underway to achieve that…
The Bank of England kept borrowing costs on hold on Thursday (Nov 6) but a narrow vote and signs that governor Andrew Bailey might soon join those seeking a rate cut keeps the door open…
Genting Singapore posted a 19 per cent year-on-year increase in net profit to S$94.6 million for the third quarter ended Sep 30, with improved VIP rolling volume and win rate contributing…
UOB’s S$885 million move to shore up its allowances is a “prudent” step that brings its provision ratios in line with those of DBS and OCBC, analysts said, even as it resulted in a huge…
California’s tech companies, the epicenter of the state’s economy, sent politicians a loud message this year: Back down from restrictive artificial intelligence regulation or they’ll…
Across the broader market, advancers outnumber decliners 376 to 190 after 1.5 billion securities worth S$2.9 billion change hands Local shares ended Thursday (Nov 6) higher, lifted by…
Nissan booked 51.5 billion yen (S$437.4 million) in operating profit for July-September Nissan Motor swung back to an operating profit in the second quarter on Thursday (Nov 6) reporting…
Data centre could support AI-enabled military command and control node, expert says Google plans to build a large artificial intelligence data centre on Australia’s remote Indian Ocean…
The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion Shares of Singtel rose S$0.23 or 5.4 per cent on…
The approach focuses on small and mid-cap opportunities, supporting MAS’ funding initiative Singapore-based wealth adviser Endowus will offer institutional investors and accredited…
Malaysia’s central bank held its benchmark interest rate steady at its final policy review of the year on Thursday (Nov 6), as expected by economists, amid subdued inflation and steady…
Standing pat gives the central bank room to act decisively if conditions worsen next year MALAYSIA kept interest rates unchanged as the central bank remained confident that the economy can…
