RNA recovered from Siberian mammoth that died 39,000 years ago
WASHINGTON :Scientists have recovered the oldest-known RNA, a molecule necessary for most biological functions, from a woolly mammoth that inhabited Siberia about 39,000 years ago, showing it can last longer than previously known and promising a new path for studying organisms that lived long ago.Th ...
Safe-haven Swiss franc gains, pound drops on UK budget shift
NEW YORK :The Swiss franc gained on Friday as a global stock market selloff sent investors to safe havens, while the pound weakened after a report the UK budget will not include income tax rises.Rising expectations that the Federal Reserve will hold rates steady in December instead of continuing to ...
Shein openings across France delayed after shoppers balked at Paris store prices
The opening of five new Shein concession stores across France has been delayed, department store owner Societe des Grands Magasins said on Friday, as it adjusts its strategy after some shoppers found prices at the Paris store too steep.The online fast-fashion retailer's first physical shop open ...
Oil gains almost 2% as Russian port suspends oil exports after Ukrainian attack
[LONDON] Oil prices climbed nearly 2 per cent on Friday (Nov 14), boosted by supply fears after the Black Sea port of...
US: Wall Street tumbles as tech selloff extends, rate cut hopes fade
[NEW YORK] Wall Street’s main indexes dipped on Friday (Nov 14), driven by a renewed sell-off in technology stocks, while hawkish commentary...
UK mobile companies face mass lawsuit for allegedly overcharging customers
LONDON :Britain's biggest mobile network providers including Vodafone and BT's EE are facing a multi-billion-pound lawsuit for allegedly overcharging customers, after a London tribunal ruled on Friday that part of it could continue.The case – which is also brought against Telefonica' ...
Japan’s megabanks lift profit forecasts to record highs, step up buybacks
The banks’ strong Q2 earnings demonstrate their success in weathering uncertain global economic conditions
US Treasury, Taiwan reaffirm pledges against currency manipulation
WASHINGTON/TAIPEI :The U.S. Treasury and Taiwan's central bank on Friday said they agreed to continue close consultations on macroeconomic and foreign exchange rate matters and both pledged to avoid manipulating the value of their currencies to gain a competitive advantage.In a joint statement ...
Skylink Holdings net profit up 32.7% y-o-y to $1.80 mil for 1HFY2026
Nicole Lim - Skylink Holdings has reported a net profit of $1.80 million for 1HFY2026 ended Sept 30, up 32.7% y-o-y. The Catalist-listed vehicle specialist posted a revenue of $16.14 million for the 1HFY2026, up 33.8% y-o-y. This was driven mainly from the group’s commercial vehicle leasing and engineering bus ...
India strengthens privacy law with new data collection rules
BENGALURU: India put new privacy rules into force on Friday that will make Meta, Google, OpenAI and other companies minimise collection of personal data and give people more control over their information.The rules, akin to the broader goals of the European Union's landmark GDPR privacy law, co ...
Reliance to set up 1 gigawatt AI data centre in India's Andhra Pradesh
BENGALURU :Reliance Industries plans to set up a 1-gigawatt AI data center in India's Andhra Pradesh, the state's chief minister said on Friday, adding to infrastructure capacity in India where the likes of Google and Microsoft have made huge AI investments.Chief Minister Chandrababu Naidu ...
Cartier owner sales lifted by jewellery, improving Asia
Strong demand for jewellery boosted the sales of brands such as Buccellati, Cartier, Van Cleef & Arpels and Vhernier by 6%
NTUC grants platform worker groups full affiliate status in first constitutional change since 2017
Low Youjin - Platform work association members will have full voting rights
Exclusive-Teamshares to list in US via $746 million T. Rowe Price-backed SPAC deal
Teamshares, a buyer of small- to medium-sized enterprises, said on Friday it would go public in the U.S. through a $746 million blank-check deal with Live Oak Acquisition Corp backed by accounts advised by investment giant T. Rowe Price.Special purpose acquisition deals have made a comeback on Wall ...
Google must pay German price comparison platform 465 million euros in damages, court says
BERLIN :Google must pay the German price comparison platform Idealo approximately 465 million euros ($542 million) in damages for market abuse, a Berlin court has ruled. The court found that Google had abused its dominant market position in two case decisions and ordered the U.S. technology giant to ...
Nam Cheong earnings down 3% y-o-y to RM45.8 mil in 3QFY2025 from absence of one-off costs
Nicole Lim - Nam Cheong Limited has reported earnings of RM45.8 million for 3QFY2025 ended Sept 30, down 3% y-o-y. The group’s revenue for the reporting period came in 15% y-o-y lower at RM170.8 million. This decline in revenue is largely due to a relatively normalised utilisation rate of 70%, compared to the ...
Trump brothers-backed American Bitcoin's quarterly revenue more than doubles
American Bitcoin, backed by two of U.S. President Donald Trump's sons, on Friday reported a third-quarter profit that more than doubled as the miner and buyer of the world's largest digital asset benefited from wider margins.Crypto has drawn strong interest this year, with investors bettin ...
Trump brothers-backed American Bitcoin swings to profit on margin expansion
American Bitcoin, backed by two of U.S. President Donald Trump's sons, swung to third-quarter profit on Friday as the miner and buyer of the world's largest digital asset benefited from wider margins.Crypto has drawn strong interest this year, with investors betting on looser oversight und ...
Bitcoin slides to six-month low as risk off tone grips markets
LONDON :Bitcoin traded below $96,000 for the first time in over six months on Friday, as a sell-off in risky assets accelerated on fading expectations for a December rate cut from the U.S. Federal Reserve. It was last down 2.8 per cent at $96,009, having earlier dropped as low as $95,885.33, its lo ...
STI gains strength as S&P 500 flounders and US risk-free rates creep up
Goola Warden - Although headlines have been around the Dow Jones Industrial Average’s new highs, signs are emerging of fatigue from a different index and different market gauges for the US. Meanwhile, Singapore equities gain relative strength. The yield on the 10-year US treasuries was at 4.13% as at Nov 14. The ...
'No playbook' for AI bubble fears, says Deutsche Bank investment arm CEO
LONDON :The explosion in the value of artificial intelligence stocks poses risks to global markets for which there is "no playbook", the CEO of Deutsche Bank's 1.1 trillion euro ($1.3 trillion) money manager DWS told Reuters, amid growing concerns that the sector is in a bubble.The AI ...
Metro Holdings sinks into the red for 1HFY2026 with net loss of $12.9 mil
Nicole Lim - Metro Holdings has sunk into losses of $12.9 million for 1HFY2026 ended Sept 30, compared to a profit of $7 million in the same period a year ago. The group’s revenue for the 1HFY2026 declined 13.9% y-o-y to $41.6 million, from lower contributions from the retail division and lower rental income f ...
Social investor network AVPN launches regional hub in Abu Dhabi
Jovi Ho - AVPN, the largest network of social investors in Asia, has launched its regional headquarters in Abu Dhabi, the capital of the United Arab Emirates (UAE). According to AVPN, the launch of the organisation’s main hub for West Asia — or the Middle East — seeks to enhance funding opportunities in ...
Temasek’s ‘stalwarts’ maintain prominence in Singapore market with super big cap category dominance
The Edge Singapore - Billion Dollar Club: SUPER BIG CAP COMPANIES In its most recent annual report card ended March 31, Temasek reported a record portfolio value of $434 billion, a 11.6% increase over the preceding year. Despite the increasingly international nature of its portfolio, the major driver of this growth is t ...
Keppel Infrastructure’s essential role underpins steady returns; Sri Trang Gloves (Thailand) delivers record earnings
The Edge Singapore - Billion Dollar Club: BASIC MATERIALS Keppel Infrastructure Trust has been named the overall sector winner for this industry sector, and has been rated tops in returns to shareholders over three years as well. The other winner in this industry sector is Sri Trang Gloves (Thailand), which led its sect ...
Stamford Land H1 profit rises 4.1% to S$15.8 million on higher hotel room rates
Evan See - Its revenue inches up 1.8% to S$71.3 million
Singtel tops sector as shareholder-friendly strategy gains traction; StarHub shines with ‘best in class’ ROE
The Edge Singapore - Billion Dollar Club: COMMUNICATION SERVICES Singapore Telecommunications, better known as Singtel, is the big winner in this year’s Billion Dollar Club (BDC) industry category. It took overall sector, plus growth in profit after tax and returns to shareholders. Singtel is known as the incumbent na ...
Centurion Corp steps up growth plan with asset-light moves; Genting Singapore embarks on ‘monumental’ expansion phase
The Edge Singapore - Billion Dollar Club: CONSUMER CYCLICAL Specialised dormitory operator Centurion Corp is the big winner at this year’s Billion Dollar Club (BDC) for the consumer cyclical industry segment. Besides emerging as the overall sector winner, Centurion Corp is also named the winner for the weighted return ...
Bumitama extend wins to overall sector and returns to shareholders; First Resources and Sheng Siong take respective wins
The Edge Singapore - Billion Dollar Club: CONSUMER DEFENSIVE Bumitama Agri, a regular winner at the Billion Dollar Club (BDC), features prominently in this year’s awards again. At last year’s awards, the Indonesia-based palm oil producer vaulted from the Centurion Club into the BDC. This year, Bumitama Agri not only ...
SAP has offered concessions to settle EU antitrust probe, Commission says
BRUSSELS :SAP, Europea's largest software maker, has offered concessions to settle an EU antitrust probe, the EU Commission said on Friday. SAP's remedies seek to address issues raised by the EU, amongst others by making it easier for customers to switch to rivals and also making the basis ...
DBS marks ‘standout’ 2024 with market cap milestone of more than $100 billion
The Edge Singapore - Billion Dollar Club: FINANCIAL SERVICES The list of accolades for DBS Group Holdings is getting pretty long and for a good reason. In May 2024, Southeast Asia’s largest bank became the first Singapore-listed company to achieve a market capitalisation of more than $100 billion, quadruple from 2009. ...
Da Ren Tang Group poised to capture ‘renewed vitality’ in TCM
The Edge Singapore - Billion Dollar Club: HEALTHCARE Tianjin Pharmaceutical Da Ren Tang Group Corporation has achieved the rare feat of a clean sweep of all wins within the industry sector. The company is described as the “core” manufacturing arm of Tianjin Pharmaceutical Holdings Co. It is viewed as a high-tech ent ...
Geo Energy Q3 net profit falls 55% to US$3.2 million due to lower coal prices
Navene Elangovan - This is despite higher revenue, which is up 62% at US$136.6 million
China to tighten oversight on new cars exported as used vehicles
[BEIJING] China will strengthen oversight of used-car exports and strictly control the export of new cars under the guise of used vehicles,...
