Leadership
American Airlines cuts annual profit forecast on pricing pressures
AMERICAN Airlines cut its annual profit forecast on Thursday (Jul 25) as uneven demand trends and overcapacity in certain markets dampened the carrier’s pricing power, sending its shares down...
Singapore stocks track regional declines on Thursday; STI down 0.9%
Across the broader market, losers outnumber gainers 372 to 220, as 1.1 billion securities worth S$1.2 billion change handsSINGAPORE shares ended lower on Thursday (Jul 25), tracking losses in...
Singtel unit Nxera and Telkom Malaysia break ground for 65 MW data centre campus in Johor
SINGTEL’S data centre arm, Nxera, and Telkom Malaysia (TM) on Thursday (Jul 25) broke ground for a data centre campus in Iskandar Puteri in Johor. The campus will house...
Digital bank Revolut secures UK banking licence
BRITISH fintech company Revolut said on Thursday (Jul 25) it had obtained a long-awaited UK banking licence – but must wait to lend money and take deposits as it...
LG Display shrinks quarterly loss on Apple, Olympics demand
SOUTH Korean flat-screen maker LG Display narrowed losses from a year earlier in the June quarter as shipments of new panels for client Apple and TV panels before the...
Cordlife’s overseas subsidiaries obtain re-accreditations
CORDLIFE on Thursday (Jul 25) said its Hong Kong and Malaysian subsidiaries received re-accreditations from the Association for the Advancement of Blood & Biotherapies. The association sets standards for...
Australia’s Fortescue to step up energy spending despite job cuts
AUSTRALIA’S Fortescue said on Thursday (Jul 25) it will increase spending on its energy division to advance several new green hydrogen projects next year, disappointing analysts who had expected...
Air fare pain eases as pricing power swings back to passengers
QANTAS Airways, not known for usually offering big discounts, has cut prices more than six times this year. Virgin Australia is averaging at least one fare sale a month....
