Dollar firms as traders await return of US data
NEW YORK/LONDON :The dollar edged higher against the euro and the yen on Monday as traders exercised caution ahead of what could be a busy week with the long-awaited return of U.S. economic data.Market reaction to U.S. President Donald Trump's tariff U-turn on more than 200 food products was mu ...
Magnetic fossils may reveal ancient creature's internal 'GPS system'
Microscopic magnetic fossils found in North Atlantic seafloor sediments may represent components of an internal "GPS system" for an ancient marine creature that used Earth's magnetic field to navigate long distances, according to scientists.The researchers said the fossils - about 50 ...
Tesla wins bid to undo race bias class action by Black factory workers
A California state judge has ruled that 6,000 Black workers at Tesla's flagship assembly plant cannot sue over alleged racial harassment as a class, reversing an earlier ruling in a major victory for CEO Elon Musk's electric vehicle maker.California Superior Court Judge Peter Borkon late o ...
J&J to buy Halda Therapeutics in US$3.05 billion cash deal
[NEW YORK] Johnson & Johnson has agreed to buy the cancer treatment biotech Halda Therapeutics for US$3.05 billion cash, part of a...
Celero raises $140 million from Alphabet's CapitalG fund, others for AI networking chip
SAN FRANCISCO :Celero Communications, a U.S. startup founded by networking industry veterans, on Monday said it has raised $140 million to build a chip that will help link artificial intelligence data centers across vast distances.The Irvine, California-based firm is designing a chip that will trans ...
Yangzijiang Maritime inks fresh vessel deals ahead of mainboard debut
Goh Ruoxue - It also signed letters of intent for joint ventures to build new tankers, bulk carriers
Broadcaster Sinclair builds stake in rival Scripps, presses for merger
U.S. broadcaster Sinclair on Monday disclosed an 8.2 per cent stake in smaller rival E.W. Scripps and said it has been in talks for months about a deal that would combine the companies.Shares of Cincinnati-based Scripps jumped 18.6 per cent after the market opened, valuing the company at about $322. ...
US: Wall St falls at open with eyes on Nvidia earnings, data
[NEW YORK] Wall Street’s main indexes fell at the open on Monday (Nov 17), heading into a packed week that includes AI...
Amazon seeks US$12 billion from first US bond sale in three years
Amazon is selling investment-grade bonds in as many as six parts
Amazon seeks to raise $12 billion from US bond sale, Bloomberg News reports
Amazon is looking to raise about $12 billion from the U.S. corporate bond market, Bloomberg News reported on Monday, citing people familiar with the matter.The e-commerce giant filed for a six-part bond sale earlier in the day without disclosing a size, a regulatory filing showed.Amazon did not imme ...
Deutsche Bank unveils more ambitious cost and profit targets for 2028
It wants to increase revenue to around 37 billion euros in 2028, up from around 32 billion euros in 2025
StarHub prices S$300 million notes due 2035 at 2.55%
Goh Ruoxue - The notes are expected to be issued on Nov 26
Ford to sell used vehicles on Amazon, joining Hyundai
DETROIT :Amazon shoppers can browse and buy Ford Motor vehicles on the e-commerce platform starting on Monday, joining Hyundai in adding online options for customers who want to avoid dealership lots. The Dearborn, Michigan-based automaker and the tech company said customers will be able to shop a ...
Peter Thiel's fund offloaded Nvidia stake in third quarter, filing shows
Tech billionaire Peter Thiel's hedge fund has sold off its entire stake in Nvidia during the third quarter, a regulatory filing showed, intensifying worries of an artificial intelligence bubble.The fund, Thiel Macro, sold around 537,742 shares in the AI chip frontrunner in the quarter, the fili ...
AirAsia X plans new long-haul European routes
It aims to ramp up to daily flights between the two cities
Coliwoo Holdings to launch first new property Coliwoo Midtown in 1Q2026
Nicole Lim - Coliwoo Holdings has announced that it will launch its first new property in 1Q2026, following its recent listing on the Mainboard of the Singapore Exchange (SGX). The property, named Coliwoo Midtown, is a six-storey mixed-use development which will integrate accommodation, wellness, and communal di ...
Air India to resume flights to China after nearly six years
It is also planning to launch a Mumbai–Shanghai route later next year
Stocks and bonds nervy as US data, Nvidia earning loom
LONDON :European stocks slipped while bond yields fell on Monday, as markets awaited an earnings report from $5 trillion chipmaker Nvidia and U.S. jobs data later in the week that could give direction to nervous global markets.Europe's benchmark index of 600 big stocks slid 0.4 per cent followi ...
CDL posts 48.7% drop in Q3 Singapore property sales value amid lack of new launches
Goh Ruoxue - The group also reports that it is in advanced talks over the sale of Sentosa Cove’s Quayside Isle
Trafigura's $600 million nickel fraud trial starts in London
LONDON :Trafigura's $600 million case against Indian businessman Prateek Gupta over fake nickel cargoes began at London's High Court on Monday, with the commodities trading company saying it was the victim of a very substantial fraud.Geneva-based Trafigura alleges that Gupta was the master ...
Carlsberg may sell some Asia operations, Sapporo in talks
DANISH brewer Carlsberg is considering selling part of its Asian operations, and Sapporo Holdings has emerged as a top candidate to make...
Jeff Bezos to co-lead AI startup in first operational role since Amazon, NYT reports
Jeff Bezos will serve as co-chief executive officer of a new artificial intelligence startup that focuses on AI for engineering and manufacturing of computers, automobiles and spacecraft, the New York Times reported on Monday. The company, called Project Prometheus, has garnered $6.2 billion in fund ...
Low-cost carrier AirAsia X plans new long-haul European routes, CEO says
ISTANBUL :Malaysian low-cost carrier AirAsia X, which recently launched flights to Istanbul, is planning to establish more long-haul routes to Europe sometime next year, its CEO Benyamin Ismail told Reuters on Monday. AirAsia X began flying direct to Istanbul from Kuala Lumpur on November 14. Th
Fractional work, traineeships being trialled to support seniors wishing to contribute to workforce
A "fundamental shift in mindsets" is needed to harness the strengths of senior workers and fulfil their career aspirations, said Senior Minister of State for Manpower Koh Poh Koon.
Sea announces first share buyback of up to US$1 billion
Shikhar Gupta - The timing and amount of the buybacks will be determined based on market conditions and other factors, it says
Sea announces first-ever share buyback of up to US$1 billion
Shikhar Gupta - The timing and amount of the buybacks will be determined on market conditions and other factors, says company
City Developments total sales value for 3QFY2025 at $313.2 mil with no new launches during quarter
Nicole Lim - City Developments Limited (CDL) has sold 88 units with a total sales value of $313.2 million for 3QFY2025 ended Sept 30, less than the 321 units with a total sales value of $611.1 million sold in the same quarter last year. Sales were primarily from existing projects as there were no new launches du ...
Acra wants boards to scrutinise the numbers ahead of FY2025 reporting
Renald Yeo - This call to action comes amid the global economic uncertainties from trade and tariff-related risks
Daily Debrief: What Happened Today (Nov 17)
Stories you might have missed
Three quarters in, domestic disquiet could prove costly for S-E Asia’s growth drivers
Evan See - Front-loading begins to cool, while political turnovers and corruption scandals rattle confidence
Yangzijiang Shipbuilding bags orders worth US$2.2 billion in year to date
Shikhar Gupta - This compares to US$11.6 billion in the same period in 2024
Yangzijiang Shipbuilding order wins at US$2.2 billion in year to date
Shikhar Gupta - This compares to US$11.6 billion at the same period in 2024
SIA Group posts 5.3% y-o-y increase in passenger traffic for Oct 2025 while cargo demand softens
Nicole Lim - Singapore Airlines (SIA) Group has posted a 5.3% y-o-y increase in passenger traffic, outpacing the 3.7% increase in passenger capacity in the month of October 2025. This has resulted in the group’s passenger load factor (PLF) rising by 1.3 percentage points (ppts) to 87.3%. SIA posted a monthly P ...
SGX Derivatives to launch Bitcoin and Ethereum perpetual futures from Nov 24
Nicole Lim - The Singapore Exchange (SGX) Derivatives is launching Bitcoin and Ethereum perpetual futures starting Nov 24 to institutional, accredited and expert investors. These contracts will provide a continuous, no-expiry structure favoured by crypto-native communities, combined with the robust clearing and ...
