OCBC files bid to wind up consumer electronics trader TT International

OCBC files bid to wind up consumer electronics trader TT International

[SINGAPORE] OCBC has filed a winding-up application against consumer electronics trader TT International, whose debts are being restructured under a scheme of arrangement.  The company owes OCBC at least S$21.7 million, according to a bourse filing by TT International on Nov 20. Of this sum, S$21.5 million is in unsecured debt and around S$294,000 is…

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Wall St opens higher, futures resume trade after outage

Wall St opens higher, futures resume trade after outage

[NEW YORK] Wall Street’s main indexes opened higher on Friday (Nov 28) with futures trading springing back to life from an hours-long CME Group outage that had temporarily frozen currencies, commodities and equity contracts around the globe. The Dow Jones Industrial Average rose 55.1 points, or 0.12 per cent, at the open to 47,482.25. The…

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How ‘Stranger Things’ became Netflix’s ‘Star Wars,’ propelling it into Hollywood’s stratosphere

How ‘Stranger Things’ became Netflix’s ‘Star Wars,’ propelling it into Hollywood’s stratosphere

Before the sci-fi series “Stranger Things” premiered on Netflix, several traditional studios had already passed on it. Its creators were first-time show runners, unknown young actors were cast in lead roles, and even though the show starred kids, it was not for children. That was nine years ago. The 1980s-set show about a monster that…

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CME trading halted due to cooling issue at data centres

CME trading halted due to cooling issue at data centres

[SINGAPORE] Exchange operator CME Group said on Friday trading in derivative markets was halted due to a cooling issue at data centres. “Support is working to resolve the issue in the near term and will advise clients of Pre-Open details as soon as they are available,” CME said in a statement. Futures trading for the…

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Asian markets struggle to build on week’s rally

Asian markets struggle to build on week’s rally

MARKETS fluctuated on Friday at the end of a strong week for equities fuelled by growing expectations that the Federal Reserve will cut interest rates again next month. Traders took silence from New York’s Thanksgiving break as a reason to have a breather and take stock of a healthy rebound from November’s swoon that was…

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OKP shares close 6.6% higher on proposed bonus share issue

OKP shares close 6.6% higher on proposed bonus share issue

[SINGAPORE] Shares of industrial and civil engineering company OKP jumped as much as 7.5 per cent in intraday trading on news of its proposed bonus issue of up to 231.3 million shares. The counter rose to as high as S$1.14 minutes after market open on Friday (Nov 28), a S$0.08 increase from its previous closing…

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Reeves’ UK budget calms markets and party but leaves Britons unhappy

Reeves’ UK budget calms markets and party but leaves Britons unhappy

[LONDON] Britons reacted overwhelmingly negatively to Chancellor of the Exchequer Rachel Reeves’ budget, suggesting little relief for the Labour government’s slumping popularity. Respondents to a YouGov survey conducted after Wednesday’s (Nov 26) statement said they saw it as unfair rather than fair by a margin of 48 per cent to 21 per cent. That’s the…

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Samsung Electronics expands beyond consumers to B2B in South-east Asia

Samsung Electronics expands beyond consumers to B2B in South-east Asia

The company’s offerings are gaining traction in sectors such as education and hospitality [SINGAPORE] South-east Asia’s digitalisation represents an opportunity for Samsung Electronics to expand into the business-to-business (B2B) market, as governments recognise and invest in digital infrastructure and innovation. “This creates a highly favourable environment for businesses of all sizes, from large enterprises to…

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Sky Unveils First-Look At Matt Charman’s ‘Prisoner’ Starring Tahar Rahim & Izuka Hoyle

Sky Unveils First-Look At Matt Charman’s ‘Prisoner’ Starring Tahar Rahim & Izuka Hoyle

British broadcaster Sky has unveiled a first-look at its high-stakes action thriller Prisoner (below). Deadline revealed that Sky had greenlit the series last year and the Comcast-owned network revealed that the six-part series will debut in 2026. Prisoner stars The Serpent’s Tahar Rahim and Boiling Point’s Izuka Hoyle. It follows a deadly manhunt where trust can be…

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