News
BP to unveil strategy shakeup amid energy transition
BRITISH energy giant BP is set on Wednesday to announce a shakeup to its strategy after a difficult trading year and as countries transition to cleaner energy.A much anticipated...
China must cut 15% of steel capacity to meet 2025 climate goals
CHINA needs to tackle its steel glut by cutting 15 per cent of capacity this year, if mills are to meet their 2025 climate goals and return to profitability,...
Starbucks to outsource some tech work after corporate shake-up
The goal is to shift full-time workers to the company’s most important initiatives while leaning on service providers for “speed and agility”STARBUCKS will outsource some technology work following a...
SingPost mulls special dividend with potential S$289m disposal gain
SINGAPORE Post (SingPost) said on Wednesday (Feb 26) it will hold an extraordinary general meeting (EGM) to seek shareholders’ approval for the proposed divestment of its Australia business, Freight...
OCBC misses estimates with Q4 earnings of S$1.69 billion; unveils S$2.5 billion capital return plan
OCBC on Wednesday (Feb 26) posted a net profit of S$1.69 billion for the fourth quarter ended December, up 4 per cent from S$1.62 billion in the previous corresponding...
Google loses fight on Android Auto access, bodes ill for Big Tech
ALPHABET unit Google’s refusal to let an Enel e-mobility app access its Android Auto platform can be considered an abuse of its market power, Europe’s top court said on...
US: S&P 500, Nasdaq muted as US plans tighter curbs on chip exports to China
The benchmark S&P 500 and the Nasdaq had a subdued start on Tuesday (Feb 25) as markets braced for the potential impact of more stringent US trade controls on...
Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth
GLOBAL demand for liquefied natural gas is estimated to rise by around 60 per cent by 2040, driven largely by economic growth in Asia, AI impact and efforts to...
Teens are spilling dark thoughts to AI chatbots. Who’s to blame when something goes wrong?
When her teen with autism suddenly became angry, depressed and violent, the mother searched his phone for answers. She found her son had been exchanging messages with chatbots on...
OCBC, UOB poised to gain most from JS-SEZ; DBS could seek to expand Malaysia footprint: analysts
The zone will enable the banks with networks that are entrenched in the two markets to gain from stronger investment flowsAMONG the trio of local banks, OCBC and UOB...
‘Worst is over’: Analysts bullish on Raffles Medical’s potential China turnaround; Maybank upgrades to ‘buy’
ANALYSTS have raised their target prices on private healthcare provider Raffles Medical amid expectations of an earnings recovery, which could be accelerated by a potential turnaround in the group’s...
‘Worst is over’: Analysts bullish on Raffles Medical’s potential China turnaround; DBS, Maybank upgrade to ‘buy’
ANALYSTS have raised their target prices on private healthcare provider Raffles Medical amid expectations of an earnings recovery, which could be accelerated by a potential turnaround in the group’s...