News
US: Dow notches record-high close while Amazon weighs on Nasdaq
[ad_1] [NEW YORK] Wall Street’s main indexes were mixed on Wednesday, with the Dow notching a record-high close and the Nasdaq losing ground as investors rotated out of pricey technology stocks while...
Oil prices fall on Opec 2026 supply outlook
[ad_1] [HOUSTON] Oil prices fell more than US$2 a barrel on Wednesday, weighed down by an Opec report saying global oil supply will match demand in 2026, marking a further shift from its...
GM wants parts makers to pull supply chains from China
[ad_1] [DETROIT] General Motors (GM) has directed several thousand of its suppliers to scrub their supply chains of parts from China, four people familiar with the matter said, reflecting automakers’...
NTT DC Reit posts H1 DPU of US$0.0169, seeks growth in Tier 1 data centre markets
[ad_1] It is eyeing opportunities that will reduce tenant concentration, while diversifying its portfolio geographically[SINGAPORE] NTT DC Real Estate Investment Trust (Reit) posted a distribution per unit (DPU) of US$0.0169...
Hong Kong’s investment firm reports HK$2 billion return in 2024
[ad_1] As at end-2024, the firm had used up under a fifth of its initial HK$62 billion kitty[HONG KONG] Hong Kong Investment Corporation (HKIC) generated more than HK$2 billion (S$335.5...
Food Empire’s Q3 revenue rises 28.3% to US$152.6 million
[ad_1] [SINGAPORE] Food Empire posted a revenue of US$152.6 million for the third quarter ended Sep 30, 2025, up 28.3 per cent from a year ago.In a bourse filing on...
Big 4 accounting firms drove nearly half of sector’s total revenue growth in 2024
[ad_1] The sector continues to hire, and expects to grow its workforce by opening up more than 1,500 positions[SINGAPORE] The total revenue of the accountancy sector climbed by 7.5 per...
UK public transport segment drives 22.4% increase in ComfortDelGro’s Q3 net profit
[ad_1] [SINGAPORE] Transport operator ComfortDelGro’s (CDG) net profit for the third quarter ended September rose 22.4 per cent to S$70.4 million, driven by the performance of its UK public transport...
Australia spy chief warns of China hackers probing networks
[ad_1] The Salt Typhoon and Volt Typhoon hacking groups work for Chinese government intelligence and the military[SYDNEY] Australia’s spy chief has accused hackers working for China’s government of probing his...
ABN Amro to buy NIBC Bank from Blackstone for 960 million euros
[ad_1] The deal will cut the Dutch bank’s CET1 capital ratio by about 70 basis points at closing[AMSTERDAM] ABN Amro Bank said it will acquire NIBC Bank from Blackstone for...
Companies, consumers must have basic understanding of AI to reap potential benefits: DPM Gan
[ad_1] Singapore’s compact size makes it easier to roll out training and raise AI literacy across the population, he adds[SINGAPORE] Singapore’s “first priority” is for companies both large and small,...
Maybank cuts Sea target price with ‘hold’ call on softer Shopee margins, HSBC maintains ‘buy’ call
[ad_1] Tech company’s prioritisation of growth and building of competitive moats could ‘slow near-term monetisation gains’, says Maybank Research [SINGAPORE] Maybank Research slashed its target price for Internet company Sea...