Lifestyle

Oil falls for fourth straight session on US inflation jitters
Oil falls for fourth straight session on US inflation jitters
May 23, 2024
OIL prices fell for a fourth consecutive session on Thursday and settled at multi-month lows as the prospect of higher-for-longer US interest rates raised worries around demand growth in the...
US: Stocks fall despite blowout Nvidia results
US: Stocks fall despite blowout Nvidia results
May 23, 2024
WALL Street stocks finished sharply lower on Thursday after blowout earnings by Nvidia failed to ignite a broad rally.Stocks had opened higher, but analysts cited an uptick in US Treasury bond yields...
Boeing now sees negative free cash flow in 2024 as deliveries remain sluggish
Boeing now sees negative free cash flow in 2024 as deliveries remain sluggish
May 23, 2024
BOEING will burn rather than generate cash in 2024 and deliveries will not increase in the second quarter, the company’s finance chief said on Thursday (May 23), as the...
Sabana Reit’s May 24 EGM to be postponed
Sabana Reit’s May 24 EGM to be postponed
May 23, 2024
THE manager of Sabana Industrial Reit said late on Thursday (May 23) that an extraordinary general meeting (EGM) requisitioned by unitholders led by Quarz Capital Asia would be postponed.The...
Google builds first subsea cable connecting Africa to Australia
Google builds first subsea cable connecting Africa to Australia
May 23, 2024
ALPHABET’S Google is building out the first undersea fibre optic cable that will directly connect Africa with Australia, helping to shore up Internet access in one of the least-connected...
As countries press on with climate targets, critical mineral shortages could scupper efforts: IEA
As countries press on with climate targets, critical mineral shortages could scupper efforts: IEA
May 23, 2024
[LONDON] A looming scarcity of raw materials such as nickel and lithium could slash global production of electric vehicles (EVs), solar panels, wind turbines and other clean energy products,...
Nvidia CEO Huang expects AI-generated videos to drive more demand for its chips
Nvidia CEO Huang expects AI-generated videos to drive more demand for its chips
May 23, 2024
FOR chip designer Nvidia, the generative artificial intelligence boom is the gift that keeps on giving. After riding a demand surge sparked by Big Tech’s rush to roll out chatbots,...
HSBC fined £6.3 millions for unfairly treating customers in debt
HSBC fined £6.3 millions for unfairly treating customers in debt
May 23, 2024
HSBC Holdings was fined £6.3 millions (S$10.8 million) for failing to fairly look after more than 1.5 million UK customers experiencing financial hardship – a penalty that adds to...
Fitch Ratings downgrades LMIRT to ‘C’ following exchange offer
Fitch Ratings downgrades LMIRT to ‘C’ following exchange offer
May 23, 2024
CREDIT-ratings agency Fitch Ratings has downgraded the long-term Issuer Default Rating of Lippo Malls Indonesia Retail Trust (LMIRT) to “C” from “CC”, it said on Thursday (May 23).It also...
China’s Alibaba to raise US.5 billion through convertible bonds, repurchase shares
China’s Alibaba to raise US$4.5 billion through convertible bonds, repurchase shares
May 23, 2024
ALIBABA Group Holding said on Thursday (May 23) the Chinese e-commerce giant would sell convertible bonds to raise about US$4.5 billion and plans to use some of the proceeds...