DBS to cut office space in Marina Bay Financial Centre Tower 3
SINGAPORE – DBS Group Holdings is poised to trim office space in Singapore, the latest bank to pare its footprint in the city-state during the coronavirus pandemic. South-east Asia’s…
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US stocks rise with S&P 500 ending at another record
NEW YORK – Wall Street stocks rose on Thursday (April 8), with the S&P 500 finishing at another record, after lacklustre employment data bolstered expectations the Federal Reserve will…
Axiata, Telenor in advanced talks to merge Malaysian mobile operations
KUALA LUMPUR – Axiata Group and Norway’s Telenor are in advanced discussions to combine their Malaysian mobile operations, which could create the country’s biggest cellphone operator by…
Singapore shares buck regional trend, with STI down 0.37 per cent
SINGAPORE – Singapore shares ended in negative territory on Wednesday (April 7) as Wall Street retreated from record highs, taking a pause from their record rally. The Straits Times Index…
US stocks pull back from records to end lower
NEW YORK – The rally on Wall Street paused on Tuesday (April 6) as the International Monetary Fund lifted its global growth forecast and the US vaccination rollout accelerated. After…
Jeff Bezos, Elon Musk top Forbes’ record-setting billionaire list
NEW JERSEY – Forbes’ annual world’s billionaires list includes a record-breaking 2,755 billionaires, with Amazon.com founder Jeff Bezos topping it for the fourth consecutive year, the media…
Toshiba gets buyout offer from UK private equity firm CVC
TOKYO – Toshiba Corp confirmed that it received an initial buyout offer from CVC Capital Partners and said it would seek more information as it weighs the proposal. The Japanese…
Strong economic data lifts Dow, S&P 500 to record closes
NEW YORK – US stocks rallied on Monday (April 5) with the Dow and S&P 500 closing at record levels, as a round of strong economic data buoyed investor optimism for the economic…
LG becomes first major smartphone brand to bow out of market
SEOUL – South Korea’s LG Electronics said on Monday (April 5) it will wind down its loss-making mobile division – a move that is set to make it the first major smartphone brand to…
World economy risks ‘dangerously diverging’ even as growth booms
SINGAPORE – The world economy is on course for its fastest growth in more than a half century this year, yet differences and deficiencies could hold it back from attaining its pre-pandemic…