Business
PwC launches AI hub in Singapore with over US$4 million commitment
PwC launched an artificial intelligence (AI) hub in Singapore on Wednesday (May 21), committing more than US$4 million over a three-year…
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Business
Business
CapitaLand Investment launches 5 billion yuan China fund
CapitaLand Investment (CLI) on Wednesday (May 21) announced the launch of its first onshore master fund in China, the CLI RMB Master Fund,…
Business
Stocks to watch: CapitaLand Investment, CDL, SingPost, SIA Engineering, Delfi, SLB, Dasin Retail Trust
The following companies saw new developments that may affect trading of their securities on Wednesday (May 21). CapitaLand Investment…
Business
US sets the stage for duties on battery materials from China
The US Commerce Department set the stage for anti-subsidy duties on imports of key battery components from China, after concluding…
Business
Westpac to cut 1,500 jobs, simplify operations: report
The company says it regularly adjusts its workforce based on shifting investment priorities Westpac Banking Corp (Westpac) is planning to…
Business
Tesla on track to launch robotaxi trial in Austin, Texas, by June end, Musk says
Tesla is set to begin a test of its long-promised robotaxi service on schedule in Austin, Texas, by the end of June, chief executive Elon…
Business
Maybank Securities positive on MAS equities review given niche in mid-cap players: CEO Aditya Laroia
The Singapore government’s attempt to revive its local stock market is a much-needed move to boost Singapore’s financial hub status, and…
Business
Chanel profit tumbles as luxury industry downturn hits sales
Chanel profit plunged last year as the closely held company splurged on expanding its retail network and marketing to remain visible amid…
Business
Europe: Shares close near nine-week high, powered by utility, telecom stocks
European stocks closed at near nine-week highs on Tuesday (May 20) with utilities and telecom firms leading gains, while some positive…
Business
US: S&P 500 falls after six straight positive sessions
Wall Street stocks retreated on Tuesday (May 20) as markets tracked congressional debate on US President Donald Trump’s tax cut proposal…
Business
The Rock Brought To Tears By Heartfelt Gift
Dwayne "The Rock" Johnson has always deeply loved and respected his late father, the wrestling legend Rocky Johnson. "The Great One"…
Business
UBS to open Abu Dhabi office as more clients move to Mideast
Abu Dhabi has emerged as a magnet for the world’s wealthiest people over the past few years Group is opening a new office in Abu Dhabi as…
Business
US: Wall St opens lower ahead of Fed commentary
Wall Street’s main indexes opened lower on Tuesday (May 20) as investors awaited commentary from Federal Reserve officials through the day…
Business
Dasin Retail Trust trustee-manager hits back at claims in alternate director’s exit letter
The trustee-manager of Dasin Retail Trust (DRT) rebutted criticism from its former alternate director, who claimed in a resignation letter…
Business
BMW to buy back more shares worth up to 2 billion euros
is buying back as much as 2 billion euros (S$2.9 billion) of stock starting this month. The carmaker’s management board approved the…
Business
Graduate asks internet what "weird patch" is on arm—then comes diagnosis
When experiencing a health issue, it isn't uncommon for people to look up their symptoms on Google—but one graduate student recently…
Business
Delfi’s Q1 Ebitda down 27.2% on weaker regional currencies, trade tensions
Chocolate confectioner Delfi ran up a 27.2 per cent drop in earnings before interest, taxes, depreciation and amortisation (Ebitda) to…
Business
CDL posts S$1.9 billion in Q1 sales revenue in Singapore property development
Property developer City Developments (CDL) posted sales revenue of S$1.9 billion for its property development segment in the Singapore…
Business
SLB Development shareholders okay privatisation offer from Lian Beng’s Ong family
Shareholders of SLB Development approved the scheme resolution proposed by Lian Beng Group’s board of directors – which comprises the…
Business
WeRide joins Tencent Cloud to build smart driving services for overseas markets
Chinese self-driving startup WeRide said on Tuesday (May 20) that it will partner with Tencent Cloud to promote large-scale robotaxi…
Business
Malaysia’s IHH unit seeks up to 109 billion rupees in damages from Japan’s Daiichi Sankyo
Northern TK Venture alleges Japan’s Daiichi Sankyo blocked its 2018 bid for an Indian hospital chain, causing financial losses. Healthcare…
Business
SIA Engineering inks S$1.3 billion deal to service SIA, Scoot fleets
The company will provide support for two years, with an option to extend by one year Mainboard-listed SIA Engineering (SIAEC) signed fresh…
Business
Singapore shares rise amid Wall Street’s overnight gain; STI up 0.2%
Across the broader market, decliners trail gainers 195 to 263, after one billion securities worth S$1 billion change hands Singapore…
Business
Thai banks' bad loans rise to 2.9% in Q1
Thai banks’ non-performing loans rose to 2.90 per cent of outstanding loans at the end of March from 2.78 per cent at the end of December,…