Thaksin-linked TV broadcaster to shut down after 15 years
Voice TV, a Thai media company owned by former prime minister Thaksin Shinawatra’s family, said it will cease operations next month and lay off about [more]
Apple intensifies talks with OpenAI for iPhone generative AI features
Apple has renewed discussions with OpenAI about using the startup’s technology to power some new features coming to the iPhone later this year, according to [more]
UBS weighs synthetic risk transfer amid capital boost proposals
UBS Group is considering bringing a synthetic credit risk transfer to the market, according to people with knowledge of the matter, amid Swiss reform proposals [more]
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
Oil prices settled higher on Friday (Apr 26), garnering support from tensions in the Middle East, but a strong US dollar and inflation data quashed [more]
Europe: Stoxx 600 logs best day in three months as banks shine
Europe’s benchmark stock index had its biggest one-day gain in more than three months on Friday (Apr 26), propelled by banking and industrial stocks, while [more]
US: Stocks rally after strong tech results
Wall Street stocks finished solidly higher on Friday (Apr 26), concluding a roller-coaster week on a positive note following strong results from Google and Microsoft. [more]
What to do when you’ve been de-banked
The increasingly stringent regulatory environment has made de-banking far more common in recent years.PHOTO: PIXABAY Money Laundering BEING de-banked – that is, having your account [more]
Porsche posts Q1 profit drop on ramp-up costs
PORSCHE on Friday (Apr 26) reported a 30 per cent drop in first-quarter operating profit, citing higher investments in what the German luxury carmaker has [more]
Vietnam tycoon appeals against US$27 billion fraud death sentence
A TOP Vietnamese property tycoon sentenced to death in a US$27 billion fraud case has launched an appeal against her conviction, state media said on [more]
IBM plots US$730 million expansion of Canadian semiconductor site
INTERNATIONAL Business Machines will expand its Canadian semiconductor packaging and testing plant with more than C$1 billion (S$995 million) in investments over the next five [more]
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
SEATRIUM : S51 0% on Friday (Apr 26) said its subsidiary, Seatrium Offshore & Marine, has given notice to bondholders of its S$500 million floating-rate [more]
Yeo Guat Kwang, John Chen retiring from corporate boards
YEO Guat Kwang – a former member of parliament (MP) from the People’s Action Party (PAP) – will retire as the lead independent non-executive director [more]
US: Wall St opens higher
US stocks opened higher on Friday (Apr 26) on megacaps’ boost after robust quarterly results from Alphabet pushed its market value over US$2 trillion, while [more]
Air China orders homegrown C919s in challenge to jet duopoly
AIR China announced plans to buy 100 Comac C919 airliners, a major boost to the home-grown planemaker seeking to disrupt the commercial aircraft duopoly locked [more]
HCA beats first-quarter profit estimates on higher patient admissions
HCA Healthcare on Friday (Apr 26) beat Wall Street estimates for quarterly profit, helped by higher patient admissions due to demand for healthcare services. The hospital [more]
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
FOOD and beverage operator YKGI has been awarded the exclusive rights to operate and manage bubble tea brand Chicha San Chen in Macau. The company [more]
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
LIPPO Malls Indonesia Retail Trust : D5IU 0% (LMIRT) on Friday (Apr 26) posted a 3.1 per cent decline in net property income to S$29.9 [more]
Exxon misses on Q1 profit despite big gains in Guyana
ExxonMobil on Friday (Apr 26) missed analysts’ estimates with a 28 per cent year-on-year drop in first quarter profits as weaker refining margins and lower [more]
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
THE US Food and Drug Administration approved Pfizer’s gene therapy for hemophilia B on Friday (Apr 26), the second such therapy for the rare bleeding [more]
Chevron’s quarterly profit beats estimates
Oil giant Chevron Corp beat estimates for first-quarter profit on Friday (Apr 26) as higher production volumes helped offset a hit from weak natural gas [more]
EU toughens rules on Chinese fashion retailer Shein
THE European Union on Friday (Apr 26) added Chinese-founded online retailer Shein to its list of digital companies that are large enough to come under [more]
Daily Debrief: What Happened Today (Apr 26)
Stories you might have missedSingapore’s growth should strengthen to ‘around potential rate’, output gap to close by end-2024: MASSINGAPORE’S growth should strengthen to “around its [more]
Keppel prices 70 million euros of floating-rate notes due 2031
MAINBOARD-LISTED Keppel : BN4 0% on Friday (Apr 26) said it will be offering 70 million euros (S$102.2 million) in floating-rate notes due 2031.The notes [more]
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
ASIA markets ended mixed on Friday (Apr 26) as investors watched for further macroeconomic data, while persistent inflation continues to weigh on concerns of higher-for-longer [more]