Real Estate
UG Healthcare fully acquires German associate company for 16.9 million euros
GLOVE manufacturer and distributor UG Healthcare’ subsidiarly Unigloves Singapore, has fully acquired the remaining shares in its 19.3 per cent-owned associate company in Europe, Unigloves Germany, for 16.9 million euros (S$24.7 million).This would...
South Korea’s Coupang slides after quarterly profit misses estimates
COUPANG, facing mounting competition in e-commerce, declined in late trading after first-quarter earnings came in shy of analysts’ estimates.Adjusted earnings before interest, taxes, depreciation and amortisation rose 17 per...
Britain to build Europe’s first next generation nuclear fuel facility
BRITAIN is investing almost £200 million (S$340.3 million) to build Europe’s first facility to produce high-assay, low-enriched uranium (HALEU), a fuel it says will be needed to power the...
TikTok sues US government over law forcing sale or ban
TIKTOK sued the federal government on Tuesday (May 7) over a new law that would force its Chinese owner, ByteDance, to sell the popular social media app or face...
UOB Q1 profit down 1.6% to S$1.5 billion
UOB : U11 0% on Wednesday (May 8) reported a net profit of S$1.49 billion for its first quarter ended Mar 31, 2024, down 1.6 per cent from S$1.51...
Europe: Shares close at record highs on financials boost
EUROPEAN shares closed at record high levels on Tuesday, with financials stocks in the spotlight following upbeat earnings from Switzerland’s UBS and Italy’s UniCredit, while optimism around interest rate cuts...
US: Sideways day for stocks as Disney tumbles
WALL Street stocks finished a choppy session essentially flat on Tuesday, a sideways performance that could persist until investors digest significant economic releases later in the month.“The market might just be...
Geely, Foretellix partner to jump-start self driving car development
CHINESE automaker Geely and Israeli auto safety technology startup Foretellix formed a strategic partnership to accelerate safe large-scale development of self-driving vehicles, the two companies said on Tuesday (May...
