Business
Starbucks CEO made US$96 million in first four months on the job
Starbucks paid new chief executive officer Brian Niccol about US$96 million for four months of work last year, one of the biggest…
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Politics
Oil prices settle pennies higher, down for week as Trump touts energy policy
Oil prices settled slightly higher on Friday (Jan 24) but posted a weekly decline, ending four straight weeks of gains, after US President…
Business
Europe: Stoxx 600 slips from record highs amid rising yield pressure
European shares pulled back from its record highs and ended flat on Friday (Jan 24), weighed down by declines in the telecom and energy…
Business
US: Stocks retreat, cutting into weekly gains
Wall Street stocks concluded a winning week on a tepid note on Friday (Jan 24), retreating following mixed earnings in a move attributed…
Business
Santosa, Kolonas families offer to privatise Japfa at S$0.62 per share
THE family members of Japfa’s founder are looking to take the agri-food company private by way of scheme of arrangement, for S$0.62 per…
Business
Meta to spend up to US$65 billion this year to power AI goals, Zuckerberg says
META Platforms plans to spend between US$60 billion and US$65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said…
Business
Great Eastern granted further extension to May 25 to explore options to return free float
GREAT Eastern now has until May 25 to explore options to comply with free float requirements under the Singapore Exchange’s (SGX) listing…
Business
US: S&P 500, Nasdaq open flat ahead of economic data; Boeing declines
THE benchmark S&P 500 and the tech-heavy Nasdaq opened muted on Friday (Jan 24), with investors staying cautious ahead of economic data,…
Business
Lian Beng’s Ong family offers to privatise SLB Development at S$0.23 per share
LIAN Beng Group’s board of directors – comprising the controlling Ong family – has proposed to acquire and privatise property developer…
Business
Wall Street enters darker age with most stock trading now hidden
HERE’S a surprising new fact about the world’s largest and most-liquid public equity market: Most of the activity on it is not public…
Business
Thomson Medical warns of H1 loss on poorer Malaysia performance
THOMSON Medical expects to report a loss after tax for the six months ended Dec 31, 2024, following a preliminary review of the unaudited…
Business
Japan Foods warns of loss for 9-month period amid lower revenue, higher expenses
This was mainly due to weak sales in November and December 2024, despite a higher number of operating outlets JAPAN Foods expects to…
Business
Far East Orchard unit acquires additional stake in Woodlands Square for S$25 million
A UNIT of Far East Orchard (FEO) has acquired an additional stake in its commercial property in Woodlands for S$25 million. Woods Square,…
Politics
Chinese EV makers file challenges to tariffs at EU court
CHINESE electric vehicle makers BYD, Geely and SAIC have challenged the EU’s import tariffs at the Court of Justice of the European Union…
Politics
BMW joins Chinese EV makers in filing EU court challenge to tariffs
BMW has joined Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on…
Business
Fu Yu board rejects substantial shareholder’s directorship bid due to non-conformance with SGX’s ‘integrity requirements’
PRECISION plastic components manufacturer Fu Yu Corporation’s board of directors declined to appoint substantial shareholder Victor Lim as…
Business
Alfa Romeo and Jeep dealership in Singapore to close by June
CAPELLA Auto, the agent for Alfa Romeo and Jeep cars in Singapore, is winding up its business by June and will sell its remaining stock of…
Business
China firms boost shareholder returns via dividends and buybacks
CHINESE firms are attracting investors with increased dividends and buybacks, spurred by a policy push for corporate governance reforms in…
News
ST Engineering Urban Solutions, SP Mobility win tender to deploy public EV charging points
TWO electric vehicle (EV) charging operators won contracts to deploy public EV charging points across Singapore under a tender by the Land…
Business
Grab contributed as much as 0.8% of Singapore GDP in 2023: report
RIDE-HAILING company Grab added S$5.2 billion to Singapore’s economy in 2023 through its on-demand services such as ride-hailing and…
Business
BYD plans to sell plug-in hybrids in Japan
CHINA’S BYD could start selling its first plug-in hybrid vehicle in Japan this year, the company said on Friday (Jan 24), as it aims to…
Business
Jack Ma-backed Ant Group unit’s Anext Bank appoints CEO designate
Digital wholesale bank Anext Bank, a wholly owned subsidiary of Jack Ma-backed Ant Group’s overseas unit Ant International, welcomed a new…
Business
Jack Ma-backed Ant Group unit Anext Bank appoints CEO-designate
Digital wholesale bank Anext Bank, a wholly owned subsidiary of Jack Ma-backed Ant Group’s overseas unit Ant International, welcomed a new…
Politics
Oracle, Apple, Google diverge on whether to keep serving TikTok
APPLE and Oracle have reacted differently to President Donald Trump’s pledge that the US government will not enforce a national security…