Honeywell forecasts Q2 revenue below estimates as Middle East disruptions weigh
April 23 : Honeywell on Thursday forecast second-quarter revenue below Wall Street estimates as disruptions caused by the U.S.-Israel war on Iran weighed on the industrial giant's business.Shares of the Charlotte, North Carolina-based industrial conglomerate fell 7.6 per cent in premarket tradi ...
Honeywell quarterly sales rise on higher pricing and demand
April 23 : Honeywell on Thursday posted higher first-quarter sales, helped by higher pricing, new product launches and strong demand in its Building and Industrial Automation segments.The industrial giant said higher pricing, along with the earlier-than-anticipated removal of stranded costs related ...
Netflix boosts share buyback plan by $25 billion after failed Warner Bros bid
April 23 : Netflix said on Thursday its board has authorized an additional $25 billion share repurchase program, resuming capital returns after the streaming giant walked away from a $72 billion deal to buy Warner Bros Discovery's assets.Its shares rose 1.5 per cent in premarket trading.The new ...
Netflix announces $25 billion share buyback
April 23 : Netflix on Thursday said its board authorized an additional $25 billion share repurchase program, on top of a buyback approved in December 2024, with no expiration date.Shares of the streaming giant rose 1.5 per cent in premarket trading.Netflix had previously said it planned to resume sh ...
STI slides 1.2% as Brent price rises above US$100
Tay Peck Gek - Across the broader market, losers beat gainers 389 to 226, with 1.8 billion securities worth S$2.3 billion changing hands
Exclusive-SpaceX IPO filing shows Elon Musk can retain board control
SAN FRANCISCO / BOSTON, April 23 : SpaceX is telling prospective investors its board will not need a majority of directors who are independent of the company, according to an excerpt of its IPO filing reviewed by Reuters, underscoring how founder Elon Musk is retaining control of the rocket and arti ...
Analysis:Investors return to US stocks as AI, earnings growth feed fear of missing out
NEW YORK, April 23 : U.S. stocks are rebounding and investors, reassured by diplomacy around the Iran war, are coming off the sidelines as AI-related spending and a strong start to the earnings season fuel a new fear: missing out on stocks' latest rally."The market will do whatever it has ...
Exclusive-SpaceX conquered the stars, now eyes bigger opportunity in AI
NEW YORK/SAN FRANCISCO, April 23 : Over the last quarter century, Elon Musk revived space travel, turning cosmic exploration into thriving businesses. For its next act, Musk's SpaceX is eyeing an even bigger opportunity in something more prosaic: building artificial intelligence for the enterpr ...
PwC agrees to pay US$166 million to close Evergrande probe in HK
The firm was also suspended for six months
Banyan Group heir Ho Ren Yung: ‘Better to be useful than happy’
Helmi Yusof - The luxury hotelier on balancing inheritance, purpose and expansion
Singapore Airlines faces a tough test over Air India’s record losses
Jude Chan - The true test for management will be the gruelling task of convincing its shareholders to bite the bullet
Skylink expects to report 'substantially' higher 2HFY2026 earnings, excluding one-offs
The Edge Singapore - Skylink Holdings will report "substantially higher" earnings for its second half ended March 31, 2026, versus the year-earlier six months, excluding various non-cash and non-recurring items. Skylink, which leases commercial vehicles, says that revenue grew because of a bigger fleet. The co ...
How Deutsche Telekom and T-Mobile US could pull off the world's biggest M&A deal
A merger would provide scale to compete in both the US and Europe
Nestle rides out Iran war impact, seeks turnaround in China
It had seen “very little impact” so far on its global business from the near two-month war
Interactive Brokers Singapore joins SGX Group as a trading and clearing member for derivatives market
The Edge Singapore - Interactive Brokers Singapore, has joined the SGX Group as a trading and clearing member for its derivatives market, a less high profile but no less significant part of the exchange's business. Interactive Brokers Singapore is an affiliate of Interactive Brokers Group, providers of automated tr ...
Singapore billionaire population more than doubles as Apac wealth surges: Knight Frank
Ry-Anne Lim - The number of ultra-high-net-worth individuals has grown by 54.5% to 7,171 people this year
VW cuts China sales targets and margins
The downgrade reflects slower structural growth in the world’s largest car market
Honda to halt South Korea car sales, highlighting strain across Asian markets
It cited changes in the environment surrounding the global and South Korean automobile markets
Australia’s biggest bank to cut 120 more jobs amid AI push
The reductions come two months after a separate round of cuts that will claim around 300 roles
UBS faces US$20 billion hike in capital needs as Swiss split grows
The government will continue to let the lender count deferred tax assets towards its regulatory capital
Singapore industrial rents up 2.3% in Q1: JTC
Chloe Lim - Occupancy rate for all industrial spaces falls 0.1 percentage point on the year
Australian shares close at two-week low on oil price concerns
[SYDNEY] Australian shares ended at their lowest in more than two weeks on Thursday (Apr 23), driven by a broad-based sell-off across...
Companies urged to play 'active role' to retain senior workers; lack of flexible work options a challenge: Koh Poh Koon
Ageing bus captains get a second wind at Tower Transit, as the bus operator trials new job roles to keep senior employees on board.
Hao Mart shuts stores, sinks deeper into losses with four High Court lawsuits looming
Its website lists 20 outlets in Singapore, but only seven are operating
Samsung workers protest over huge pay gap with SK Hynix, threaten long strike
PYEONGTAEK, South Korea: Tens of thousands of Samsung Electronics workers rallied at a sprawling factory complex south of Seoul on Thursday (Apr 23), venting their anger over compensation levels ahead of a planned lengthy strike that could disrupt AI chip production.Union organisers put the
Japan's Honda to stop selling cars in South Korea at end-2026
TOKYO, April 23 : Honda Motor said on Thursday it has decided to discontinue its automobile sales operations in South Korea at the year-end, citing changes in the environment surrounding the global and South Korean automobile markets.Japan's second-largest automaker said in a statement it had b ...
What really drives China’s massive trade surplus
Shang-Jin Wei - China’s massive trade surplus, which reached a record of US$1.2 trillion ($1.56 trillion) in 2025, has become a central fault line in its economic relations with other countries. As competition from Chinese imports increasingly weighs on domestic industries, French President Emmanuel Macron has wa ...
China’s Xpeng expects to start delivering ‘flying’ cars in 2027
Like many other Chinese automakers, the EV maker has expanded overseas and currently operates in about 60 countries
The efficiency mandate: Why Apac’s AI ambitions must confront a new energy reality
Nathan Hall - When Singapore invokes the spectre of stagflation, the region pays attention. The global fuel crisis has forced a reckoning: energy constraints are no longer temporary disruptions, but a permanent business reality. The broader economy, like the data centre industry, is learning fast that energy is n ...
Nokia earnings beat estimates as data centre pivot shows promise
The company’s shares have almost doubled over the last year
Australia government working with Anthropic over cybersecurity vulnerabilities
SYDNEY, April 23 : Australia is working with software providers including Anthropic over potential cybersecurity vulnerabilities, a spokesperson for Home Affairs minister Tony Burke said on Thursday, following the firm's release of its Mythos AI model that has caused concern in several countrie ...
Australia working with Anthropic over cybersecurity vulnerabilities
SYDNEY, April 23 : Australia is working with software providers including Anthropic over potential cybersecurity vulnerabilities, a spokesperson for Home Affairs minister Tony Burke said on Thursday, following the firm's limited release of its Mythos AI model that has caused concern in several ...
STMicroelectronics' beats on results and guidance boost shares
April 23 : STMicroelectronics reported first-quarter results above market expectations on Thursday, pointing to signs of recovery in its key semiconductor markets, and forecast further growth in the second quarter.The Franco-Italian chipmaker's shares rose by up to 10 per cent in early trading, ...
STMicroelectronics posts Q1 above estimates, forecasts stronger Q2
April 23 : STMicroelectronics on Thursday reported first-quarter results above estimates, pointing to signs of recovery in its key semiconductor markets, and forecast further growth in the second quarter.The Franco-Italian chipmaker reported revenue of $3.10 billion for the first three months of the ...
