Business
Aletheia Capital downgrades Wilmar to ‘sell’, cuts target to S$2.50 on legal woes
Aletheia Capital has lowered its rating on Wilmar International from “buy” to “sell” on the belief that the agribusiness group’s recent…
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Wisconsin Teacher Charged After Engaging in Sexual Contact with Her Student
An Antigo High School employee is facing charges, including child enticement, sexual assault of a student by school staff, explicit…
Business
Asian markets rise as US rate cut bets temper Japan bond unease
Stocks rose on Tuesday (Dec 2) following the previous day’s stutter as more weak US data helped solidify US interest rate cut optimism and…
Business
Bukit Sembawang Estates a ‘potential dividend powerhouse’: DBS
Bukit Sembawang Estates has been identified as a “potential dividend powerhouse” by DBS Group Research, which sees the possibility of a…
Business
Intel to invest additional RM860 million in Malaysia, PM says
Malaysian Prime Minister Anwar Ibrahim said US chipmaker Intel has announced an additional investment of RM860 million (S$208 million) in…
Business
Genting Malaysia to stay listed after privatisation bid flops
Genting Malaysia will remain listed after Genting said that it secured a 73.13 per cent stake in its offer to take its Malaysian unit…
Business
Genting’s New York casino licence buffers risks in Malaysia
The licence comes as the company’s Malaysia casino faces constraints amid local political headwinds Genting Group won a coveted New York…
Business
Ad giant Omnicom to cut over 4,000 jobs, fold legacy brands after IPG takeover
The advertising industry faces a serious threat as artificial intelligence reshapes creative production and tech giants Omnicom said on…
Business
Marco Polo Marine shares rise 7.5% on H2 profit surge
For the full year, net profit surges 169.7% to S$58.5 million, from S$21.7 million the year before Shares of Marco Polo Marine climbed 7.5…
Business
Gold edges lower as investors book profits
US rate futures are pricing in an 88% chance of a rate cut in December, according to the CME’s FedWatch tool Gold edged lower in early…
Business
Danantara’s US$1.4 billion Garuda play emerges as key reform test
The 76-year-old airline is a major employer and a key mode of transport for the country Indonesian sovereign wealth fund Danantara’s…
Business
Stocks to watch: UOB, Nio, Sanli
The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 2): UOB: The bank announced on…
Culture
Warner Bros gets mostly cash Netflix offer in new round of bids
Warner Bros Discovery was fielding a second round of bids on Monday (Dec 1), including a mostly cash offer from Netflix, in an auction…
Business
UOB prices £750 million floating rate covered bonds due 2029
UOB announced on Tuesday (Dec 2) that it has priced £750 million (S$1.3 billion) floating rate covered bonds due June 2029. The issue date…
Business
Amazon’s giant anacondas reached their peak size 12 million years ago, study shows
A study of anaconda fossils shows that these snakes reached their maximum size 12.4 million years ago and then stopped growing. As some of…
Fashion
Kylie Minogue Wears Loewe for Fashion Awards 2025 Red Carpet
LONDON — Kylie Minogue wore a Loewe dress to the 2025 Fashion Awards in London’s Royal Albert Hall on Monday night. The singer and actress…
Business
Singapore’s YouTrip enters Australian market
Singapore-based multi-currency wallet YouTrip has launched operations in Australia, marking the fintech company’s first geographic…
Fashion
Shein probed by Texas attorney general over labour practices, product safety
The company is headquartered in Singapore but sources most of its products from China, where it has several thousand suppliers Texas…
Business
Popiah King’s new Tee Yih Jia factory has one of Asia’s largest, fully automated warehouses
The S$500 million facility has a solar panel system that generates enough power for about 315 four-room HDB flats for a year Would a sheet…
Business
Why AI is now embedded ‘in almost everything we do’: OCBC’s Praveen Raina
The bank is investing in talent and expanding research partnerships with universities Artificial intelligence (AI) has become a catalyst…
Business
Wall Street ends lower as yields climb; crypto stocks drop
Markets have largely priced in a rate cut from the Fed at the conclusion of its two-day policy meeting on Dec 10 US stocks closed modestly…
Business
European shares kick off December on negative note; Airbus slides
European shares ended lower on Monday (Dec 1), with defence and Airbus-led industrial stocks weighing heavily on the main index, kicking…
Business
Kash Patel Is Under Investigation for Using FBI Jet as Private Uber
Kash Patel is in hot water for joyriding on the FBI’s dime. Top Democrats on the House Judiciary Committee on Monday opened an…
News
IDF kills senior PIJ Gaza City Brigade cmdr. who infiltrated Kibbutz Nahal Oz on Oct. 7
The strike followed Islamic Jihad and Hamas violations of the ceasefire, including fire at Israeli forces on November 22, according to the…