Lifestyle
Meta cancels plans for high-end mixed-reality headset, the Information reports
META Platforms has canceled plans for a premium mixed-reality headset intended to compete with Apple’s Vision Pro, the Information reported on Friday (Aug 23).The company told employees at its...
Oxley Holdings expects net loss for H2, FY2024 earnings
PROPERTY developer Oxley Holdings said on Friday (Aug 23) that it expects to post a net loss for both the second half and full year ended Jun 30, 2024....
Morgan Stanley cuts 2024 oil demand growth outlook on China factors
MORGAN Stanley has lowered its global oil demand growth forecast for 2024, mainly due to China’s slower economic growth, increased electric vehicle usage there, and a rise in the...
Infineon to pay more than expected in Qimonda settlement
GERMAN chipmaker Infineon has settled a more than decade-long legal dispute over insolvent former unit Qimonda, agreeing to pay a higher than initially planned 753.5 million euros (S$1.1 billion),...
Shangri-La Asia posts 28.1% fall in H1 net profit on higher operating costs
HOTEL group Shangri-La Asia posted a 28.1 per cent decline in net profit to US$94.5 million for the half-year ended Jun 30, from US$131.4 million a year ago. This...
Anil Ambani banned from Indian securities market for 5 years
India’s markets regulator late on Thursday (Aug 23) banned Anil Ambani, one of India’s best-known businessmen, and 24 others from the securities market for five years on charges of...
China bond trading collapses amid PBOC crackdown on record rally
Trading in the most active 10-year government bond has steadily decreased over the last two weeksChina’s attempts to cool a record bond rally have stalled a drop in yields,...
US Federal Reserve chair expected to signal support for rate cuts
US FEDERAL Reserve chair Jerome Powell is widely expected to use a keynote speech at a major central banking conference on Friday to signal support for cutting interest rates...
Sabana Reit trustee says requisitionists’ proposed internal manager directors must obtain MAS approval
THE trustee of Sabana Industrial Real Estate Investment Trust (Sabana Reit) said the requisitionists’ proposed candidates to be directors of the internal manager must first meet regulatory requirements.The six...
Sabana Reit trustee: Requisitionists’ proposed internal manager directors must obtain MAS approval
THE trustee of Sabana Industrial Real Estate Investment Trust (Sabana Reit) said the requisitionists’ proposed candidates for directorship in the internal manager must first meet regulatory requirements.The six candidates...