Business
Oil prices edge higher on US crude stockpiles draw
OIL prices inched up on Thursday (Oct 17), bouncing back from two-week lows, after data showed falling crude and fuel inventories in the…
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Business
Business
Does your dog perform a "contentment ceremony" after food?
A viral video of a dachshund joyfully rolling on a blanket after eating has sparked discussion among veterinarians who weighed in on the…
Business
FLCT to acquire Tuas logistics facility for S$140.3 million
Trust’s portfolio of logistics and industrial assets will increase from 70.9% to 71.5% after the acquisition is completed FRASERS…
Business
UOB Kay Hian cleared to resume IPO and RTO activities following moratorium lift
SINGAPORE Exchange Regulation (SGX RegCo) has lifted a moratorium on UOB Kay Hian (UOBKH) with immediate effect. This allows the brokerage…
Business
Blackstone’s credit arm is now its top business, fuelling profits
BLACKSTONE posted an increase in third-quarter profit as its credit arm was boosted by an influx of investor cash and became its biggest…
Business
Export growth lifts investor sentiment; STI up 1%
SINGAPORE shares ended higher on Thursday (Oct 17) after the release of September’s export data. The benchmark Straits Times Index (STI)…
Business
🤑 Is financial freedom just about getting rich quick and retiring early? Here’s what we think
🧮 Numbers game We’re familiar with various financial goals such as saving S$100,000 by 30, or retiring by 45 with enough to live…
Business
Goldman Sachs, Morgan Stanley sell combined US$11 billion in bonds
GOLDMAN Sachs and Morgan Stanley sold a combined US$11.3 billion in investment-grade bonds on Wednesday (Oct 16), after both banks posted…
Business
Germany’s Merck open to more M&A for its Life Science division
GERMAN science and technology group Merck is open to more acquisitions for its Life Science business after announcing in May it would buy…
Business
China woes drag down Pernod Ricard first quarter sales
FRENCH spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a…
Business
Self-driving startup Pony.ai plans to publicly file for US IPO: sources
It develops and operates self-driving fleets in the US and China, and manages vehicles which include trucks and robotaxis AUTONOMOUS…
Business
TSMC’s Q3 profit handily beats forecasts on AI boom
TAIWAN Semiconductor Manufacturing Company (TSMC), the dominant producer of advanced chips used in artificial intelligence (AI)…
Business
Nestle announces restructuring, misses nine-month organic sales forecast
NESTLE announced it is revamping senior leadership and its operating structure, cut its full-year sales outlook and reported…
Business
Chick-fil-A announces 2025 Singapore launch in US$75 million Asia foray
AMERICAN fast food restaurant chain Chick-fil-A is opening its first restaurant in Singapore in late 2025, with plans to open two more…
Business
Medical tourism, biopharma leading the way in China’s healthcare flows to Asean
Patients are flocking to the region in search of good quality, alternative healthcare treatments, while biopharma firms are making forays…
Business
Europe’s airlines dial up pressure in face of Chinese threat
AIR-FRANCE KLM is lobbying the French government to cap the number of flights that mainland Chinese carriers can make to Europe, according…
Business
Apple secretly worked with China’s BYD on long-range EV battery
APPLE worked with Chinese automaker BYD for years as part of its now-cancelled car project, developing long-range batteries that helped…
Business
Stripe in advanced talks to acquire stablecoin-focused fintech platform Bridge
STRIPE, the payments company founded by billionaire brothers Patrick and John Collison, is in advanced talks to acquire venture-backed…
Business
Robinhood plans to give traders access to futures, index options
ROBINHOOD Markets is broadening its offerings to futures trading and index options as the retail brokerage aims to attract more…
Business
Bernard Arnault’s US$37 billion wealth loss comes as luxury dims in China
EIGHTEEN months ago, LVMH shares were trading at a record high and the group’s controlling shareholder, Bernard Arnault, was the world’s…
Business
FTC adopts 'click to cancel' rule to make it easier to end subscriptions, mirroring California law
The Federal Trade Commission continued its crackdown on businesses that deceptively market and sell subscription services, adopting a rule…
Business
Bursa Malaysia’s outperformance may attract Singapore listcos seeking higher valuations
Singapore-listed UMS and Grand Venture Technology say they are eyeing secondary listings in Kuala Lumpur BURSA Malaysia has been one of…
Business
Amazon, Google tap into nuclear power to fuel data centers and AI push
Amazon on Wednesday announced plans to invest in nuclear power production to fuel its data centers with clean energy, a key part of the…
Business
Morgan Stanley widens gap as banks’ wealth units add US$5 trillion
MORGAN Stanley’s record quarter in wealth management capped a banner period for one of Wall Street’s most-profitable businesses. Client…