IBM to hire and train 300 S’poreans over next 4 years
IBM will hire and train 300 Singaporeans in emerging technological areas over the next four years, under a memorandum of intent (MOI) that the tech giant and the Infocomm Media […]
SPH shares jump 19% on heavy volume
Shares of Singapore Press Holdings (SPH) surged yesterday amid active trading, prompting a query from the bourse operator. The stock surged 10.5 per cent to hit $1.16 at around 11.08am, […]
Nelson Loh said to have left Singapore as police probe firm
Mr Nelson Loh, 40, co-founder of Novena Global Healthcare Group (NGHG) which is under police investigations, has left Singapore, said his cousin and former business partner Terence Loh. This came […]
Health-tech start-up SenzeHub uses wearables to monitor patients’ condition
SINGAPORE – Health-tech start-up SenzeHub develops wearables that monitor patients’ vital signs such as heart rate and temperature. These devices help flag any deterioration in the user’s condition and provide […]
Japan’s consumer prices fall at fastest pace in decade, reviving deflation fears
TOKYO (REUTERS) – Japan’s core consumer prices fell in October at their fastest pace annual in nearly a decade as the boost from last year’s sales tax hike petered out, […]
Air travel in US, Europe was gaining momentum. Now what?
NEW YORK (NYTIMES) – Confidence about the course of the Covid-19 pandemic has helped put passengers back on planes in recent months, and Thanksgiving week is shaping up to be […]
Fear for 4,700 jobs as two UK retailers go into administration
LONDON (AFP) – UK fashion chains Peacocks and Jaeger have gone into administration, their owners announced on Thursday (Nov 19), putting 4,700 jobs at nearly 500 shops under threat. Parent […]
Former Wirecard boss stonewalls German lawmakers’ inquiry
BERLIN (REUTERS) – Wirecard’s former boss stonewalled questions from lawmakers on Thursday (Nov 19) when he was temporarily released from jail for an inquiry into post-war Germany’s biggest corporate fraud. […]
US stocks gain on revived stimulus talks
NEW YORK (AFP) – Wall Street stocks snapped a two-session skid on Thursday (Nov 19) as optimism over revived US stimulus talks countered worries about higher coronavirus cases. The Dow […]
Asia shares fall as fresh Covid-19 outbreaks overshadow vaccine progress
NEW YORK (REUTERS) – Asian stocks followed Wall Street’s sharp selloff on Thursday (Nov 19) as concerns about rising coronavirus infections and new shutdowns in major US cities hosed down […]
Google to integrate bank accounts in payments app
SAN FRANCISCO (AFP) – A Google bank account? The internet giant said on Wednesday (Nov 18) it would be partnering with commercial banks and credit unions starting next year to […]
Former Yahoo CEO Marissa Mayer makes comeback with new app to organise contacts
WASHINGTON (AFP) – Former Yahoo chief executive Marissa Mayer began her comeback to the tech scene on Wednesday (Nov 18) with the launch of a new mobile app aimed at […]
US stocks sag as New York shuts schools on Covid-19 rise
NEW YORK (AFP) – Wall Street stocks fell for a second straight session on Wednesday (Nov 18), tumbling after New York City ordered public schools closed with anxiety over the […]
Virgin Australia to position itself as mid-market airline, new CEO says
SYDNEY (REUTERS) – Virgin Australia will position itself as a mid-market airline targeting around a one-third share of the domestic aviation market under the ownership of US private equity firm […]
ST Engineering to reorganise into commercial and defence & public security clusters
SINGAPORE (THE BUSINESS TIMES) – Mainboard-listed ST Engineering will be reorganised into two main clusters from the new year – commercial, and defence & public security, which replace the sector-structure […]
Amazon launches online pharmacy in new contest with drug retailers
NEW YORK (REUTERS) – Amazon.com on Tuesday (Nov 17) launched an online pharmacy for delivering prescription medications in the United States, increasing competition with drug retailers such as Walgreens, CVS […]
US stocks retreat from records amid Covid-19 gloom
NEW YORK (AFP) – US equities had another bumpy ride on Tuesday (Nov 17), pulling back from new records to close lower as the spike in coronavirus infections undermined tentative […]
Retailers and stores fret ahead of holiday season this year
NEW YORK • The formula for retailers on Black Friday is usually pretty simple: Cut prices, stock shelves, prepare for crowds and make sure orders arrive on time. This year […]
Singapore non-oil exports post surprise 3.1% drop in October
SINGAPORE – Singapore’s non-oil domestic exports (Nodx) shrank unexpectedly in October, snapping four straight months of growth, due to fewer shipments of non-monetary gold and electronics such as integrated circuits. Nodx fell 3.1 […]
Cortina plans to acquire Sincere Watch for $84.5 million
SINGAPORE (THE BUSINESS TIMES) – Mainboard-listed luxury watch retailer Cortina Holdings has proposed to acquire Sincere Watch for $84.5 million in cash, it said in an exchange filing early Tuesday […]