Business
New substantial shareholders in ISOTeam, Rex International and Hiap Seng Industries
Over the five trading sessions from Jul 18 to 24, institutions were net buyers of Singapore stocks, with net institutional inflow of S$334…
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Business
Business
Stellantis poaches Renault design chief to lead Europe revamp
Stellantis hired Gilles Vidal, one of Renault’s top design executives, as the maker of Peugeot cars seeks a makeover under its new chief…
Business
Paramount Global says Skydance merger should close in two weeks
Paramount Global said on Friday (Jul 25) it expects to complete its merger with Skydance Media by Aug 7, following government approval for…
Business
Paramount, Skydance merger set for August; deal worth $8 billion
Paramount Global and Skydance Media announced Friday that their merger will take place next month, barring any issues with the $8 billion…
Business
American Airlines’ new Airbus jet grounded by supply chain issue
The aircraft is part of American’s plan to increase its long-haul fleet to 200 in 2029 from about 125 today American Airlines Group has…
Business
HSBC cuts equities team in Germany as CEO Georges Elhedery continues revamp
Europe’s largest financial institution has already culled dozens of analysts in its investment bank in the last couple of months Holdings…
Business
Kia aims to win US market share as tariffs force rivals to pull back
South Korea’s Kia Corp said on Friday (Jul 25) that it aims to increase its US sales and market share in the second half, driven by sales…
Business
Tesla gets multiple shareholder proposals related to investment in xAI
Tesla said on Friday (Jul 25) it had received a number of shareholder proposals regarding the company’s plan to invest in CEO Elon Musk’s…
Business
Intel to separate networking unit as new CEO Tan overhauls business
The CEO has been given the challenge of revitalising the chipmaker after years of missteps and high-capital manufacturing strategies led…
Business
How Australia’s Cannabis Industry Is Opening Doors
In just a few short years, Australia’s cannabis industry has evolved from a policy debate to a rapidly expanding medical industry. Now…
Business
Stellantis Powers Ahead With Sub?100,000?Yuan EV
Stellantis (NYSE:STLA) powers ahead as partner Leapmotor preps a sub?100K yuan EV launch. Shares jumped 3.8% today after reports that…
Business
Intel plans to shed thousands of workers
Intel, once the most valuable U.S. chipmaker, faces an uphill battle as it tries to stay relevant in the artificial intelligence race. On…
Business
Intel slumps as potential foundry exit deepens investor gloom
Intel shares sank 8 per cent on Friday (Jul 25) after the company warned of exiting chip manufacturing if it fails to secure a major…
Business
US: Wall St opens steady as investors prepare for August 1 deadline
Wall Street’s main indexes opened steady on Friday (Jul 25) following record closes for the S&P 500 and the Nasdaq in the previous…
Business
iFast posts 37.9% rise in Q2 net profit to S$22.1 million
Digital bank and wealth management platform iFast Corp reported a 37.9 per cent increase in net profit for the second quarter ended June…
Business
S&P downgrades SingPost’s credit rating to ‘BBB-’ on downscaling, subdued operating conditions
S&P Global Ratings on Friday (Jul 25) downgraded its long-term issuer credit rating on Singapore Post (SingPost) to “BBB-” from “BBB”, as…
Business
UK auto industry expresses cautious optimism on UK-India trade deal
There appears to be a mixture of reactions in the British automotive industry to the trade deal struck this week between the UK and India,…
Business
RollsPack launches new manufacturing facility in Huai’an, China
RollsPack has launched Rolls Technology, a new manufacturing facility situated in Huai'an, China, aimed at expanding the company’s…
Business
Tech firms to showcase AI innovations in a China under US sanctions
Tech firms huge and small will converge in Shanghai this weekend to showcase their artificial intelligence innovations and support China’s…
Business
Video shows ceiling collapsing at Chongqing shopping centre, not airport
As heavy rains lashed southwest China in early July, a video was misleadingly shared in posts claiming it showed the roof of an airport in…
Business
JPMorgan raises STI target, upgrades real estate sector
Analysts from JPMorgan raised their target on the Straits Times Index (STI), with a higher base and bull target of 4,500 and 5,000,…
Business
Samsung pushes for diverse AI agents in Galaxy mobile devices
UNG Electronics is in talks with the likes of OpenAI and Perplexity AI to integrate more AI services in upcoming Galaxy devices, seeking a…
Business
China Everbright Water appoints new CEO, establishes sustainability committee
Xiong Jianping suceeds outgoing chief Tao Junjie who has been at the helm for nearly four years Water environmental management company…
Business
Intel gives up plans for factory in eastern Germany
The Intel logo can be seen at the headquarters of the chip company. Andrej Sokolow/dpa Intel is abandoning its billion-euro plans for a…