Oil holds steady after one-month low on high supply expectations
LONDON :Oil prices were steady on Wednesday after sliding to a one-month low in the previous session as investors assessed prospects of oversupply and talks over a Russia-Ukraine peace deal.Brent crude futures lost 5 cents to $62.43 a barrel by 0904 GMT. U.S. West Texas Intermediate crude futures we ...
Oil stabilises after Ukraine peace talks push prices to one-month lows
BEIJING :Oil prices recovered slightly on Wednesday, after dipping to one-month lows in the previous session amid signs that Ukraine is nearing a peace deal with Russia that would likely lead to the end of international sanctions on Russian supply.Brent crude futures rose 19 cents, or 0.3 per cent, ...
Back to office? Singapore workers want free lunch, flexi-work, subsidised commutes: polls
Deon Loke - 55% believe they work better together in the office, says JLL
Back to office? Singapore workers want free lunch, flexiwork, subsidised commutes: polls
Deon Loke - 55% believe they work better together in the office, says JLL
Gold drifts higher on US rate cut expectations
Markets are pricing in an 84% chance of a Fed rate cut next month, compared to 50% last week, according to CME...
Seatrium bags new BP contract; lifts order book to more than S$2 billion
Shikhar Gupta - The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP
New Zealand central bank cuts cash rate by 25 bps to 2.25%
[AUCKLAND] New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25 per cent on Wednesday, its...
Foxconn wins approval for new $569 million investment in Wisconsin
TAIPEI :Taiwan's Foxconn said on Wednesday that it has won regulatory approval for an additional $569 million investment in the U.S. state of Wisconsin.
CGS International raises target price for Wee Hur to 95 cents on higher orderbook prospects
The Edge Singapore - Natalie Ong and Lim Siew Khee of CGS International have kept their "add" call on Wee Hur Holdings and with prospects of more construction orders in the pipeline, they have raised their target price for this counter from 91 cents to 95 cents. In their Nov 25 note, the analysts observe that ...
OpenAI projects 220 million paying ChatGPT users by 2030, The Information Reports
Artificial intelligence firm OpenAI has projected at least 220 million of ChatGPT weekly users will pay for a subscription, The Information reported on Tuesday, citing a person familiar with the matter.OpenAI projects that by 2030, 8.5 per cent of an estimated 2.6 billion weekly users, or around 220 ...
OpenAI projected at least 220 million people will pay for ChatGPT by 2030, the Information reports
Artificial intelligence firm OpenAI has projected at least 220 million of ChatGPT weekly users will pay for a subscription, the Information reported on Tuesday, citing a person familiar with the matter.Reuters could not immediately verify the report. OpenAI did not immediately respond to a Reuters r ...
Barbs, jibes and spin by Chinese netizens over PM Wong’s remarks on Japan-China spat
[BEIJING/HONG KONG] It started in Hong Kong, and then others in mainland China began jumping on the bandwagon.
Swee Choon plans Philippines expansion in push to be dimsum’s quick-service king
Tessa Oh - Having built a strong base of Filipino customers in Singapore, the family business is looking into franchise partnerships in the Philippines
Brookfield, GIC bid for National Storage in A$4 billion deal
The Sydney-listed company operates more than 270 storage centres across Australia and New Zealand
Brookfield, GIC to weigh buyout of National Storage Reit: sources
The volume of mergers and acquisitions involving Australian companies as either targets or sellers has fallen to around US$70 billion this year
Stocks to watch: Singtel, Nio, ThaiBev, Seatrium, ComfortDelGro, Coliwoo, NoonTalk
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 26):
TikTok Shop pushes into luxury retail with US$11,000 handbags
[LOS ANGELES] TikTok is moving into luxury retail, part of an effort to expand its TikTok Shop marketplace into a high-end shopping...
Workday posts lukewarm quarterly subscription revenue, shares fall
Workday reported third-quarter subscription revenue in line with Wall Street estimates on Tuesday, signaling softer demand and sending its shares down nearly 7 per cent in extended trading.The human resources software provider's fourth-quarter subscription revenue forecast was also barely above ...
Seatrium wins FPU contract from bp
Daoyi Lin - Mainboard-listed Seatrium has secured the contract for a newbuild FPU from bp, bringing the value of its 2025 contract wins to more than $2 billion. Under the contract, Seatrium will undertake the engineering, procurement, construction and onshore commissioning of the Tiber floating production unit ...
Businesses bet on bigger, refreshed malls in Johor to capture RTS Link footfall
The Johor Bahru-Singapore Rapid Transit System Link can transport up to 10,000 travellers per hour in each direction
Australia’s Optus suffers emergency call outage
[SYDNEY] Australian telco Optus said on Wednesday it had suffered an emergency call outage near Melbourne impacting around 14,000 users, two months...
Warner Bros to ask bidders to submit sweetened offers
Comcast and Netflix are most interested in the company film and TV library
Google, the sleeping giant in global AI race, now ‘fully awake’
Several tech companies have plotted ways to develop their own semiconductors or forge ties that make them less reliant on Nvidia’s bestsellers
Apple set to become world’s top phone maker, overtaking Samsung
The upcoming 2026 debut of a foldable iPhone and a budget-friendly iPhone 17e will both help sales
Jho Low, Chen Zhi: Two fugitives, two ecosystems
Anita Gabriel - These high-profile frauds expose an uneasy truth about financial oversight in South-east Asia
Dell forecasts upbeat growth targets on strength in AI server sales
DELL forecast fourth-quarter revenue and profit above Wall Street estimates on Tuesday, as increasing investments in data centres to support artificial intelligence...
Gambling, prediction markets create new credit risks, Bank of America warns
The bank says that there are already worrisome signs in some indicators of consumer stress, citing a US News survey
HP to cut about 6,000 jobs by 2028, ramps up AI efforts
HP SAID on Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to...
Crypto crash weighs on US IPOs as candidates push out timing
The 14-day average trading volume in Bitcoin this month hit its highest level since March
US: Wall Street ends higher as Federal Reserve rate cut bets gather momentum
[NEW YORK] Wall Street extended its rally on Tuesday as a spate of economic data appeared to support the case for the...
Commentary: Singapore must apply its characteristic prudence to AI investment
Global productivity has not accelerated significantly despite billions of dollars in automation spending, says NUS Business School’s Sumit Agarwal.
Europe: Shares jump on Ukraine peace prospects, US rate cut hopes
EUROPEAN shares extended gains on Tuesday, led by materials and financial stocks, as investors continued to draw optimism from prospects of a ceasefire...
Oil falls as Ukraine signals support for framework of Russia peace deal
[NEW YORK] Oil prices fell over 1 per cent on Tuesday after Ukraine hinted that an intense diplomatic push by the US administration to...
HP to cut thousands of jobs due to AI adoption
SAN FRANCISCO: Computer and printer maker HP announced Tuesday (Nov 25) a sweeping restructuring plan that will eliminate about 10 per cent of its workforce globally as the company pivots toward artificial intelligence to boost efficiency.According to its latest earnings report, the tech giant expec ...
