Business
Nike slashes 775 jobs in US to speed up automation, boost profit
is laying off 775 employees, a source familiar with the matter told Reuters on Monday, as the sportswear giant looks to boost profits and…
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Business
Business
Microsoft’s latest AI chip to reduce reliance on Nvidia
The company says that it’s already designing the chip’s successor, the Maia 300 Microsoft is rolling out its second-generation artificial…
Business
Oil prices settle lower as traders assess impact of winter storm on production
Oil prices settled slightly lower on Monday after climbing more than 2 per cent in the previous session as investors assessed the impact…
Business
Ubisoft set to cut up to 200 jobs headquarters in restructuring
Ubisoft Entertainment has entered discussions to cut as many as 200 jobs at its French headquarters as part of a reorganisation of the…
Business
European shares settle higher with focus on earnings, monetary policy
PEAN shares ended higher on Monday, underpinned by gains in financials in the run-up to earnings from big banks later this week. The…
Business
US stocks: Wall Street indexes close higher ahead of earnings, Fed meeting
S&P 500 and the Nasdaq advanced for a fourth consecutive session on Monday, as investors geared up for a slew of mega-cap earnings and a…
Business
S&P 500, Dow open slightly higher with big tech results
The S&P 500 and the Dow opened slightly higher on Monday (Jan 26), as investors braced for a heavyweight run of earnings along with a…
Business
OUE Reit H2 DPU up 10.6% at S$0.0125
However, revenue falls 4.2% due to no contributions from Lippo Plaza Shanghai, which the Reit had divested The manager of OUE Real Estate…
Business
Keppel Infrastructure Trust secures S$100 million loan facility
The trustee-manager of Keppel Infrastructure Trust (KIT) on Monday (Jan 26) announced that it has obtained a S$100 million loan facility.…
Business
CICC rebuilds IPO pipeline to focus on ‘most promising’ deals
Talent retention remains a strategic focus for CICC amid industry-wide competition China International Capital is rebuilding its pipeline…
Business
Low Keng Huat privatisation crosses 90% threshold
Consistent Record’s final offer of S$0.78 a share is 8.3% or S$0.06 higher than its initial price Mainboard-listed construction and…
Business
Mapletree Logistics Trust Q3 DPU falls to S$0.01816
Mapletree Logistics Trust (MLT) posted a distribution per unit (DPU) of S$0.01816 for the third quarter ended Dec 31. This was a 9.3 per…
Business
Banking trio ends lower, weighing on STI
Across the broader market, decliners outnumber gainers 310 to 259 after 1.6 billion securities worth S$1.7 billion change hands Singapore…
Business
SoftBank stops talks to buy data centre firm Switch
O] SoftBank Group has halted talks about an acquisition of US data centre operator Switch, a setback to founder Masayoshi Son’s ambition…
Business
Blackstone eyes more hiring in Asia to tap private market demand
The alternative asset manager sees huge potential from bringing private markets to individual investors Blackstone is planning to hire…
Business
British banks to join European rivals in hiking profit targets, sources say
Britain’s biggest banks, including HSBC and NatWest, are set to follow their European rivals and lift their key profit targets when they…
Business
British banks to join European rivals in hiking profit targets: sources
In continental Europe, many banks have already lifted their profit goals, signalling confidence higher margins will last for years…
Business
SGX-listed pawnbrokers, stocks ride gold rally as precious metal breaks US$5,000 level
Pawnbrokers have emerged as beneficiaries of gold’s historic rally, as the yellow metal crossed the psychological US$5,000 mark and set…
Business
Japan says in close coordination with US on forex as yen intervention risks mount
Top Japanese authorities said on Monday they have been in close coordination with the United States on foreign exchange, but declined to…
Business
IPO window cracked open as more general partners prepping portfolio companies: Coller Capital
About 77% of Institutional investors say that their general partners (GPs) are prepping portfolio companies for public markets More…
Business
IPO window cracks open as more general partners prepping portfolio companies: Coller Capital
More institutional investors globally are reporting that their general partners (GP) are prepping their portfolio companies for initial…
Business
Morgan Stanley looks to expand in Asia as markets deregulate
Morgan Stanley is pushing to expand its footprint in Asia, betting on a more favourable business outlook and growing opportunities in…
Business
Yen surges as intervention risks lurk
The yen firmed 0.5 per cent to 154.84 per dollar as of 0052 GMT, after sharp spikes on Friday sparked speculation over potential…
Business
Singapore dollar hits 11-year high against greenback
Singdollar breaches 1.27 level to strongest since 2014, driven by intervention rumors The Singapore dollar strengthened to its strongest…