Business
Singapore shares open lower on Thursday; STI down 0.1%
SINGAPORE equities began Thursday (Feb 13) in negative territory, following mixed performance overnight in the US and Europe. As at 9.01…
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Business
Business
Gold inches up on trade war fears, inflation data on tap
GOLD prices edged up on Thursday (Feb 13), as markets tracked developments in US President Donald Trump’s tariff plans, which could ignite…
Business
Prudential considering listing of its Indian joint venture ICICI Prudential Asset Management
BRITISH insurer Prudential is evaluating a potential listing of its Indian joint venture, ICICI Prudential Asset Management, which will…
Business
Prudential mulls listing of its Indian joint venture ICICI Prudential Asset Management
BRITISH insurer Prudential is evaluating a potential listing of its Indian joint venture, ICICI Prudential Asset Management, which will…
Business
Nissan and Honda set to update on relationship after merger talks stall
After backing away from merger talks, Nissan is now open to working with new partners, with Taiwan’s Foxconn seen as one candidate NISSAN…
Business
Stocks to watch: Seatrium, iFast, Thomson Medical, Digital Core Reit
THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 13). Seatrium: The offshore and…
Business
Adobe launches AI video tool to compete with OpenAI
The Firefly Video Model, as Adobe is calling the service, will compete against Sora ADOBE on Wednesday (Feb 12) released the first public…
Business
Meta accounting move on AI servers to boost profit this year
META Platforms made a small change last month that’s likely to increase the company’s profit by billions of US dollars this year. It was…
Business
Cisco raises annual revenue forecast as AI boom boosts networking gear demand
CISCO Systems raised its annual revenue forecast on Wednesday (Feb 12), betting on higher demand for its cloud networking gear amid an…
Business
Robinhood revenue doubles, fuelled by surge in crypto trading
ROBINHOOD Markets reported revenue that more than doubled as the online-trading firm was buoyed by crypto-market transactions around the…
Business
Pimco opens office in Dubai as asset managers flock to region
PACIFIC Investment Management Co (Pimco) opened a Dubai office, becoming the latest major fund manager to deepen its presence in the…
Business
Chevron to lay off up to 20% of global workforce
CHEVRON will lay off 15 to 20 per cent of its global workforce by the end of 2026, the US oil company said on Wednesday (Feb 12) as it…
Business
Europe: Shares end at record peak on earnings boost; tariffs eyed
EUROPEAN shares eked out an all-time high on Wednesday (Feb 12), as investors cheered earnings reports from Heineken and ABN Amro,…
Business
US: Dow, S&P 500 fall on higher inflation data
WALL Street stocks mostly fell on Wednesday (Feb 12) following US inflation data that further clouded the prospects for additional Federal…
Business
Sorry, T-bills. It’s time now to look elsewhere for yields
INTEREST in Singapore’s Treasury bills (T-bills) surged over the past two years, as rising interest rates elevated demand for yield and…
Business
Sorry, T-bills. It’s time to look elsewhere for yields
INTEREST in Singapore’s Treasury bills (T-bills) surged over the past two years, as rising interest rates elevated demand for yield and…
Business
Text Marketing: Mobile Money or Major Fail?
Text message marketing is kinda like the new kid on the block for businesses. It’s cheap, easy, and gets the job done better than some of…
Business
Chevron to Lay Off Up to 20% of Staff
Chevron, the second-largest U.S. oil and gas company, said on Wednesday that it would lay off as much as 20 percent of its work force, or…
Business
DHS says it forced NYC to repay $59 million in migrant hotel money
Homeland Security said Wednesday that it has clawed back $59 million in taxpayer money that was recently paid out to New York City to take…
Business
Trust Account Secrets: What Banks Don't Tell You
Trust banking might sound like a boring topic, but it’s actually pretty important. It’s all about managing your money and assets in a way…
Business
FCC Chair Orders Investigation Into Comcast’s DEI Practices
Brendan Carr, the chairman of the Federal Communications Commission, has ordered an investigation into the diversity, equity and inclusion…
Business
Stock Market Falls After Inflation Report
Stocks and bonds slumped on Wednesday, as fresh inflation data highlighted Wall Street’s sensitivity to rising price across the economy…
Business
Elon Musk’s Attacks on CFPB Remove Obstacle to Building ‘X Money’
Elon Musk, the world’s richest man, is widely known for amassing his fortune through Tesla, his electric car company, and SpaceX, the…
Business
Thomson Medical incurs net loss of S$12.9 million for H1 2025
HEALTHCARE provider Thomson Medical has posted a net loss of S$12.9 million for the first half of its 2025 fiscal year ending Dec 31,…