Leadership
Siemens agrees to buy software group Altair in US$10 billion deal
Siemens reached an agreement to buy software maker Altair Engineering for US$10 billion including debt in its largest-ever acquisition. The German engineering group will pay Altair investors US$113 a share,...
Apple launches new, more powerful versions of MacBook Pro
APPLE on Wednesday (Oct 30) unveiled new MacBook Pro models that feature more powerful processors for tasks such as photo and video editing, aiming to bolster its appeal among...
DHL cuts earnings outlook on weak B2B volumes
DHL cut its guidance for 2024 earnings before interest and taxes (Ebit) on Wednesday (Oct 30), citing continuously weak business-to-business mail volumes and lower-than-expected margins in its air freight...
Tencent-backed Airwallex seeks funding at US$6 billion value
FINTECH company Airwallex is in talks with investors to raise about US$200 million in a new funding round to finance its growth, according to people familiar with the matter....
Singapore stocks end lower despite Hongkong Land’s rally; STI declines 0.9%
SINGAPORE shares finished in negative territory on Wednesday (Oct 30), before the Deepavali public holiday.The benchmark Straits Times Index (STI) ended 0.9 per cent or 31.48 points down at...
Aston Martin posts smaller-than-expected quarterly loss
BRITISH luxury carmaker Aston Martin reported a smaller-than-expected third-quarter loss on Wednesday (Oct 30) and reaffirmed its annual forecast, saying supply disruptions that had caused factory delays were being...
Malaysian ringgit set for biggest monthly decline since 2015
MALAYSIA’S currency is on course for its worst month in more than nine years, as investors scale back on risk assets amid concerns over the US election.
The ringgit is...
UBS posts bigger-than-expected net profit in third quarter
UBS Group on Wednesday (Oct 30) reported a forecast-beating quarterly net profit of US$1.4 billion helped by cost reductions and revenue growth as the bank carried out its first...
StanChart boosts return plan to US$8 billion as profit beats
STANDARD Chartered vowed to return at least US$8 billion to investors by 2026 as it reported better-than-estimated third-quarter earnings on its wealth business and markets trading.The London-headquartered bank said...
Crypto exchange Gemini gets MAS’ in-principle nod for major payment institution licence
AMERICAN cryptocurrency exchange Gemini has received in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution licence. This licence will allow it to provide cross-border money...