News
Metsera accepts Pfizer’s US$10 billion bid in ongoing M&A battle
[ad_1] OBESITY drug developer Metsera said on Friday that it had accepted Pfizer’s US$10 billion acquisition offer, in what could spell the end of a bidding war between the New...
US warns it could force 20% flight cuts if shutdown continues
[ad_1] [WASHINGTON] US Transportation Secretary Sean Duffy warned on Friday he could force airlines to cut up to 20 per cent of flights if the government shutdown did not end,...
US: Wall Street ends mixed on signs of shutdown progress
[ad_1] [NEW YORK] The Nasdaq closed lower but the S&P 500 and the Dow eked out late-session gains on Friday as investors turned the page on a roller-coaster week with...
Europe: Stoxx 600 ends volatile week lower; ITV soars
[ad_1] EUROPEAN shares ended a volatile week lower on Friday, as worries about elevated valuations of technology-related stocks persisted, while Britain’s ITV jumped on talks to sell its broadcasting division.The continent-wide...
Sri Trang Agro-Industry posts Q3 loss of 841.9 million baht amid lower rubber prices, tariff uncertainty
[ad_1] [SINGAPORE] Sri Trang Agro-Industry fell into the red with a net loss of 841.9 million baht (S$33.8 million) for the third quarter ended Sep 30, reversing from a net...
Indonesia discussing plan for merger of Grab and GoTo: official
[ad_1] [JAKARTA] Indonesia is discussing a possible merger or acquisition between ride-hailing and food delivery firm Grab and its rival GoTo, the presidential spokesperson said on Friday (Nov 7).The government...
Some Nexperia chip shipments resume as Germany welcomes ‘de-escalation’
[ad_1] [BERLIN/TOKYO] Semiconductor maker Nexperia has resumed some shipments of its vital chips, auto executives said on Friday (Nov 7), with Germany welcoming signs of de-escalation in a fight for...
Full ride-hailing licences being evaluated for Trans-Cab, Geolah beyond 2025: LTA
[ad_1] [SINGAPORE] With just under two months left on their one-year provisional permits to offer ride-hailing services, Trans-Cab and Geolah’s eligibility for full ride-hailing licences is being evaluated, the Land Transport...
Ikea profit falls 26% to 1.7 billion euros as US tariffs fuel costs
[ad_1] Overall sales from the company’s stores across 63 markets around the world fall for a second year in a row[LONDON] Sweden’s Inter Ikea, which supplies furniture to Ikea stores...
UMS Q3 earnings rise 1% to S$10.5 million, announces 1-for-4 bonus issue
[ad_1] [SINGAPORE] UMS Integration on Friday (Nov 7) reported a 1 per cent year-on-year rise in net profit to S$10.5 million for the third quarter ended Sep 30, on the...
Boustead bags design-and-build deal for semiconductor facility
[ad_1] The contract comprises additions and alterations works to reconfigure an existing chip material manufacturing plant[SINGAPORE] Boustead announced that its engineering and construction business has won a design-and-build contract comprising...
