Culture
CVS explores options including potential break-up: sources
CVS Health is exploring options that could include a break-up of the company to separate its retail and insurance units, as the struggling healthcare services company looks to turn...
US port officials gird for strike as labour talks stay stuck
OFFICIALS at 14 ports along the US East and Gulf coasts were making last-minute preparations on Monday for a likely labor strike that could drag on the US economy just ahead...
US Fed Chair Powell sees ‘further disinflation’ in economy
THE United States is set to see inflation cool further towards policymakers’ target, Federal Reserve chair Jerome Powell said on Monday, with interest rates likely to come down over...
Companies’ choices pivotal under current quarterly reporting regime
WHEN the Singapore Exchange (SGX) first announced it would release most companies from mandatory quarterly reporting some years ago, it stirred up vigorous debate.
Supporters of the new regime felt...
Keppel divesting 70% stake in unit that holds right to develop 64-ha land in Vietnam
KEPPEL is divesting 70 per cent of its stake in its unit Saigon Sport City, which holds the right to develop a 64-hectare plot of land in Ho Chi...
US sets new rule that could spur AI chip shipments to the Middle East
THE US Commerce Department on Monday (Sep 30) unveiled a rule that could ease shipments of artificial intelligence chips to data centres in the Middle East.
Since October 2023, US...
Mapletree Industrial Trust buying freehold, mixed-use property in Tokyo for 14.5 billion yen
Asset is fully leased to a Japanese conglomerate with a weighted average lease to expiry of about five yearsMAPLETREE Industrial Trust (MIT) will be acquiring a freehold, mixed-use property...
UBS kept less than half of Credit Suisse’s bankers in Germany
UBS Group has retained less than half of Credit Suisse’s bankers in Germany, giving a glimpse of the scale of job losses following last year’s merger of the two...
India’s monsoon rains hit four-year high in boost to crop output
India’s monsoon rainfall this year was its highest since 2020, with above-average precipitation for three consecutive months, helping the country recover from last year’s drought, the state-run weather department...
India’s Bharti Airtel pays US$1 billion to partly clear 2016 spectrum dues
Its latest payment comes after India’s top court rejected a request by telecoms companies to recalculate the fees they owed the governmentBHARTI Airtel made an early payment of about...
