News

Fu Yu terminates group CEO David Seow for ‘gross default and misconduct’
[ad_1] An interim committee has been set up to oversee all operational matters pending successor search[SINGAPORE] Mainboard-listed Fu Yu Corp has terminated group chief executive officer David Seow for gross...
Emerging market stocks rise every month this year for the first time since 1993
[ad_1] The surge is driven by factors including strong gains in many AI-focused Asian tech stocks and a weaker US dollarTHE emerging-market (EM) equity benchmark gained for a 10th consecutive...
Meta opens flagship store in West Hollywood to showcase AI glasses, VR headsets
[ad_1] Meta, the parent company of Facebook and Instagram, opened a new flagship store in Los Angeles where people can try out their smart glasses and virtual reality headsets while...
Fed’s Waller calls for December rate cut, as hawks press for policy pause
[ad_1] [SAN FRANCISCO] A clutch of Federal Reserve bank presidents on Friday (Oct 31) aired their discomfort with the US central bank’s decision to cut interest rates this week, even...
Trump administration announces US$100 million in funding to upgrade coal plants
[ad_1] [LOS ANGELES] The US Department of Energy on Friday (Oct 31) announced that it would make US$100 million available to refurbish and modernise existing coal-fired power plants. The move...
Oil ends slightly up, trade choppy on report, denial of US attack plan on Venezuela
[ad_1] [HOUSTON] Oil prices settled slightly higher after a wild trading session on Friday (Oct 31), popping up as media reports said US air strikes on Venezuela could begin within...
YZJ Maritime to make mainboard debut on Nov 18, looking to raise S$5.2 million through placement
[ad_1] It expects a market capitalisation of S$2.04 billion upon completion of the distribution and placement[SINGAPORE] Yangzijiang (YZJ) Maritime Development, the spin-off from YZJ Financial’s maritime investment segment, is set...
Chevron tops Q3 earnings estimates with record production after Hess deal
[ad_1] Adjusted earnings for the three-month period ended Sep 30 were US$3.6 billion or US$1.85 per share[HOUSTON] Chevron beat analyst estimates on Friday (Oct 31) as record oil and gas...
Data storage firms Western Digital, Seagate soar on AI-driven demand spike
[ad_1] [NEW YORK] Shares of data storage companies such as Seagate and Western Digital (WDC) have sharply outperformed the broader market this year, powered by the staggering demand for hard...
CapitaLand Ascendas Reit’s portfolio occupancy dips to 91.3% in Q3; rental reversion slows
[ad_1] Occupancy in Singapore slipped 0.8 percentage point quarter on quarter and fell two percentage points in the US[SINGAPORE] CapitaLand Ascendas Reit (Clar) ’s portfolio occupancy declined to 91.3 per...
Singapore shares fall amid mixed regional trading; STI down 0.2%
[ad_1] [SINGAPORE] Singapore stocks ended lower on Friday (Oct 31), as the regional market closed mixed.The benchmark Straits Times Index (STI) lost 0.2 per cent or 8.82 points to finish...