Lifestyle
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...
‘Limits’ to MOH intervention for Cordlife customer refunds, compensation: Janil
THERE are “limits” to how much the government can intervene in the issue of compensation and refunds requested by customers of embattled cord-blood bank Cordlife Group : P8A 0%,...
AI boom set to fuel data centre deals in Asia this year
GLOBAL private equity investors and asset managers are readying for billions of US dollars worth of M&A and investments linked to data centres in Asia Pacific, as the artificial...
Asia: Markets mixed as traders weigh rates outlook
ASIAN markets fluctuated on Wednesday as the latest rally ran out of steam due to a lack of major catalysts, while investors contemplated the outlook for monetary policy.While Europe...
