Cisco says hackers subverted its security devices to spy on governments
TECHNOLOGY firm Cisco Systems said that hackers have subverted some of its digital security devices to break in to government networks globally.In a blog post [more]
Stocks to watch: Keppel, FCT, Suntec Reit, OUE Reit, Clint, Digital Core Reit, OKP, Cordlife
THE following companies saw new developments that may affect trading of their securities on Thursday (Apr 25): Keppel : BN4 0%: The global asset manager and [more]
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
SUNTEC Real Estate Investment Trust’s (Suntec Reit) distribution per unit (DPU) for the first quarter ended March declined 13 per cent year on year to [more]
Ford profit beats on commercial sales; EVs still dragging
FORD Motor posted first-quarter earnings on Wednesday (Apr 24) that beat Wall Street’s expectations, bolstered by a strong performance in its commercial vehicle division and [more]
WhirlPool is cutting 1,000 jobs as US appliance demand remains stagnant
WHIRLPOOL, the owner of the Maytag and Amana appliance brands, is cutting about 1,000 salaried positions worldwide to reduce costs as slow US home sales [more]
Anglo American says it received unsolicited buyout proposal from BHP
BRITISH multinational miner Anglo American said on Thursday (Apr 25) it “received an unsolicited, non-binding and highly conditional combination proposal” from global mining giant BHP [more]
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel
TAIWAN Semiconductor Manufacturing Company (TSMC) said on Wednesday (Apr 24) that a new chip manufacturing technology called A16 will enter production in the second half [more]
Meta profits soar but costs of AI cause worry
FACEBOOK-OWNER Meta on Wednesday (Apr 24) said its quarterly profits soared last quarter, but worries about the cost of artificial intelligence (AI) saw its share [more]
IBM falls on weak consulting sales, overshadowing HashiCorp deal
INTERNATIONAL Business Machines (IBM) dropped about 9 per cent in extended trading after the company’s weak consulting unit sales disappointed investors, overshadowing its acquisition of [more]
Oil settles lower as US business activity cools, concerns over Middle East ease
OIL prices fell on Wednesday (Apr 24) as worries over conflict in the Middle East eased and business activity in the United States slowed, although [more]
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
EUROPE’S benchmark stock index dropped on Wednesday (Apr 24) as financials sagged on disappointing earnings from Swedish lender Handelsbanken, while technology stocks limited losses after [more]
US: Stocks end flat ahead of key inflation data
WALL Street stocks treaded water on Wednesday (Apr 24) as markets awaited key US inflation data while digesting mixed corporate earnings.Briefing.com analyst Patrick O’Hare pointed [more]
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
WHAT does not kill one makes one stronger. This adage might aptly describe Singapore’s listed banking trio, which have emerged strongly from the Covid-19 pandemic.Take [more]
Seatrium will have to wait longer to catch wind in sail
WHILE strong demand and tight supply have buoyed Singapore-listed maritime players in general, analysts believe it could take some time for offshore and marine giant [more]
PropertyBT: Making sense of residential property taxes (Ep 30)
Are you paying much more in property tax on your beloved home? What is the impact of property taxes on owner-occupiers and non-occupiers of homes? [more]
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions
TIKTOK’S chief executive said on Wednesday (Apr 24) that the company expects to win a legal challenge to block legislation signed into law by President [more]
Discussion on EU-Asean FTA has shifted towards cooperation in specific areas: DPM Heng
WHILE landing on the parameters for a region-to-region free trade agreement (FTA) is difficult, discussion has now shifted towards more specific areas of cooperation, said [more]
OKP unit gets S$92.9 million LTA contract
OKP’s : 5CF 0% wholly owned subsidiary Eng Lam Contractors has secured a contract worth S$92.9 million from the Land Transport Authority (LTA) for the [more]
Greenback recovers from PMI slump, yen closes in on 155 per dollar
THE US dollar regained some lost ground on Wednesday (Apr 24) following big falls against the euro and sterling the day before, while the yen [more]
Hong Kong Stock Exchange bids farewell to first woman chair
“IRON LADY” Laura Cha concluded on Wednesday (Apr 24) her six-year chairmanship as the first helmswoman of Hong Kong’s ailing stock exchange, which has suffered [more]
Volkswagen to keep China market share stable as price war rages
VOLKSWAGEN aims to keep its market share in China roughly stable until the end of the decade, the head of its China business said, betting [more]
Toymaker Hasbro posts quarterly profit beat, slower sales decline
HASBRO reported a smaller-than-expected drop in first-quarter sales and handily beat profit estimates on Wednesday (Apr 24), as leaner inventories and steady digital gaming revenue [more]
UBS flags ‘serious’ concern about new Swiss capital requirements
UBS executives on Wednesday (Apr 24) told shareholders that the bank has major concerns about the Swiss government’s recently announced plan to hit the country’s [more]
CapitaLand India Trust Q1 net property income up 19%
CAPITALAND India Trust’s : CY6U 0% (Clint) net property income grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended [more]