Business
Billionaire McCourt says he is open to teaming up on a TikTok bid
US BUSINESSMAN Frank McCourt is open to teaming up with other buyers on a bid to take over the US operations of TikTok as long as he can…
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Business
Business
Mitsubishi Motors considering not joining Nissan-Honda merger, Yomiuri says
MITSUBISHI Motors, a junior partner of Nissan Motor, is considering not joining a planned business merger between Nissan and Honda Motor,…
Business
Disney raises Bob Iger’s pay by 30%, reflecting turnaround in profit
WALT Disney boosted chief executive officer Bob Iger’s total pay by 30 per cent in fiscal 2024, underscoring his turnaround of the media…
Business
JPMorgan boosts Jamie Dimon’s pay to US$39 million after record profit
JPMORGAN Chase lifted chief executive officer Jamie Dimon’s pay to US$39 million for 2024, a year in which the biggest US bank beat its…
Business
Tiktok weighs non-sale options, ByteDance’s Bill Ford says
BYTEDANCE is exploring a deal to keep TikTok running in the US without selling its operations there, according to board member Bill Ford.…
Politics
CNN eyes 200 job cuts, streaming overhaul
US NEWS network CNN will shed six per cent of staff, some 200 people, the outlet said on Thursday as it embarks on a major shakeup of…
News
EV maker Nikola explores sale, partnerships with cash dwindling
NIKOLA is exploring options to stave off a cash crunch, including potentially selling parts or all of the company, according to sources…
Business
Texas Instruments forecast signals chip slump is persisting
TEXAS Instruments gave a disappointing earnings forecast for the current period, a sign it’s contending with still-sluggish chip demand…
Business
Boeing forecasts big loss on defence troubles, strike; shares drop 2.5%
BOEING’S loss will exceed expectations when it unveils fourth-quarter results next week, the financially strapped US planemaker said on…
Business
Cartier appeal helps Richemont reach 100 billion Swiss francs market value
SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time,…
Business
US: Wall St subdued at open after previous session's jump; earnings in focus
US main stock indexes opened flat to slightly lower on Thursday (Jan 23), as investors paused after Wall Street’s strong performance in…
Business
Starhill Global Reit posts 1.1% rise in H1 DPU to S$0.018
STARHILL Global Real Estate Investment Trust’s (Reit) distribution per unit (DPU) rose 1.1 per cent to S$0.018 for its first half ended…
Business
Sportswear giants Adidas and Puma weighing job cuts
GERMAN sportswear giants Adidas and Puma have both said they are seeking to reduce costs, including through possible job cuts, as they aim…
Business
OUE Reit’s H2 DPU rises 8.7% to S$0.0113
THE distribution per unit (DPU) for OUE Real Estate Investment Trust (Reit) rose 8.7 per cent to S$0.0113 for the second half of its…
Business
OUE Reit’s H2 DPU increases 8.7% to S$0.0113
THE distribution per unit (DPU) for OUE Real Estate Investment Trust (Reit) rose 8.7 per cent to S$0.0113 for the second half of its…
Business
China’s Vanke in talks to sell logistics firm stake to GIC: source
INDEBTED property developer China Vanke is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth…
Business
Vanke in talks to sell logistics firm stake to GIC: source
INDEBTED property developer China Vanke is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth…
Business
Meta, WhatsApp win relief as India tribunal suspends data sharing ban
AN INDIAN tribunal temporarily suspended a five-year data sharing ban between WhatsApp and owner Meta Platforms, a major relief for the US…
Business
Databricks caps US$15 billion fundraise with meta as new investor
DATABRICKS, one of the world’s most valuable privately held tech companies, said on Wednesday (Jan 23) that it has raised more than US$15…
Business
MPACT Q3 DPU falls 9.1% to S$0.02 amid global headwinds
MAPLETREE Pan Asia Commercial Trust’s (MPACT) distribution per unit (DPU) fell 9.1 per cent to S$0.02 for its third quarter ended Dec 31,…
Business
Suntec Reit’s H2 DPU slides 13.9% to S$0.0315
SUNTEC Real Estate Investment Trust’s (Suntec Reit) distribution per unit (DPU) slid 13.9 per cent to S$0.0315 for the second half of 2024…
Business
HSBC’s payments app closure puts around 400 jobs at risk: source
HSBC has decided to shutter its international payments app Zing, potentially triggering around 400 job losses, a source familiar with the…
Business
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of…
Business
AI spending is set to grow in 2025: report
ARTIFICIAL intelligence (AI) adoption is set to rise as most companies expect to ramp up spending on the technology in their next fiscal…