Lifestyle
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
MALAYSIAN conglomerate Axiata Group and Indonesian group Sinar Mas have sought permission from the Indonesian government to merge their telco units, the communications minister told Reuters on Wednesday (May...
Seventh money laundering accused to plead guilty on May 23
CHEN Qingyuan, one of the 10 foreign nationals embroiled in the more-than-S$3 billion money laundering scandal, intends to plead guilty on May 23, court records on Wednesday (May 8)...
Uber shares tumble on surprise net loss, weak second-quarter forecast
UBER posted a surprise first-quarter loss and forecast gross bookings in the second quarter below Wall Street expectations, sending the shares of the ride-share and food delivery company down...
Banks slip on Wednesday as STI falls 1.1%
SINGAPORE stocks closed lower on Wednesday (May 8), with banking stocks among the decliners, as investor sentiment across the region remained cautious. The benchmark Straits Times Index (STI) fell...
Indian billionaire Birla said to mull US$1.2 billion in Novelis IPO
Billionaire Kumar Mangalam Birla’s Hindalco Industries is considering seeking about US$1.2 billion in a planned initial public offering of US aluminium products maker Novelis, people familiar with the matter...
Swedish central bank lowers key rate, sees two more cuts this year
Sweden’s central bank cut its key interest rate to 3.75 per cent from 4.00 per cent on Wednesday (May 8) as expected, and said it was likely to cut...
BMW says costs, low used car prices to weigh on 2024 pre-tax profit
BMW said on Wednesday (May 8) it expects a slight drop in pre-tax profit this year due to higher research and development, manufacturing and personnel costs, with a decrease...
Amazon breaks into Europe 5G networks with Telefonica cloud deal
TELEFONICA Germany will move one million 5G customers to Amazon Web Services (AWS) cloud later this month, company executives told Reuters, in a bold move by the US online...
