US: Wall St opens lower after Moody’s rating cut; yields rise

US: Wall St opens lower after Moody’s rating cut; yields rise

Published Mon, May 19, 2025 · 09:51 PM [NEW YORK] Wall Street’s main indexes opened lower on Monday (May 19) as Treasury yields rose after Moody’s downgraded the US sovereign rating, sharpening focus on its mounting debt. The Dow Jones Industrial Average fell 111.9 points, or 0.26 per cent, at the open to 42,542.81. The…

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Doctor who worked with Biden shocked over cancer diagnosis — and claims former prez may have had disease for ‘a decade’

Doctor who worked with Biden shocked over cancer diagnosis — and claims former prez may have had disease for ‘a decade’

A leading oncologist who worked for former President Biden has joined those expressing shock that his prostate cancer was not detected earlier — suggesting the oldest-ever president may even have had it for “a decade.” Dr Ezekiel Emanuel, a former member of Biden’s transition team who helped craft the Obama-era Affordable Care Act, stunned MSNBC’s…

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Guinness-owner Diageo plans cost cuts, asset sales to reduce debt

Guinness-owner Diageo plans cost cuts, asset sales to reduce debt

[BENGALURU] Diageo unveiled a plan on Monday (May 19) to cut US$500 million in costs and make substantial asset disposals by 2028, as the maker of Johnnie Walker whisky and Guinness beer looks to turn around its performance and reduce its debts. Cost cuts would come from changes to Diageo’s trade investment and advertising spend,…

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STI slips 0.6%, weighed down by US credit rating downgrade

STI slips 0.6%, weighed down by US credit rating downgrade

[SINGAPORE] Singapore shares closed the first trading day of the week lower, as with most of the regional major indexes, as United States equity and bond futures slid in early Asia trading after the American government got its top credit rating downgraded a notch. Singapore’s blue-chip barometer Straits Times Index (STI) dipped 0.6 per cent…

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Toyota Industries to accept bid by Toyota Group

Toyota Industries to accept bid by Toyota Group

Published Mon, May 19, 2025 · 05:37 PM [TOKYO] Toyota Industries is set to accept a buyout offer from the Toyota group, Kyodo news reported on Monday (May 19) without attribution.  It wasn’t clear whether the proposal was made by Toyota Motor or another entity within the Toyota group of companies, which includes suppliers and…

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SingPost, FedEx deepen partnership with islandwide roll-out of parcel drop-off service

SingPost, FedEx deepen partnership with islandwide roll-out of parcel drop-off service

The expanded collaboration aims to streamline the delivery process and enhance service efficiency, particularly for cross-border shipments [SINGAPORE] Singapore Post (SingPost) has ramped up its partnership with global transport company FedEx with the extension of FedEx’s parcel drop-off services to all post offices islandwide. This raises parcel acceptance points from six to 43, the two…

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StarHub, Trends and Technologies ink MOU to boost digital transformation in the Philippines

StarHub, Trends and Technologies ink MOU to boost digital transformation in the Philippines

[SINGAPORE] StarHub signed a memorandum of understanding on Monday (May 19) with Trends and Technologies, a systems integrator and enterprise ICT solutions provider headquartered in the Philippines, to bring digital solutions and services to businesses in the Philippines.  At its core, the partnership is focused on delivering practical innovation through a unified go-to-market strategy in…

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