News
OCBC shares continue record-breaking streak to hit S$18.95 as wealth unit shines
[SINGAPORE] OCBC shares surged further to another new high on Wednesday (Dec 3) after a record-breaking performance on Tuesday.OCBC is supported by “outperformance in the wealth franchise, and the...
Aletheia Capital downgrades Wilmar to ‘sell’, cuts target to S$2.50 on legal woes
[SINGAPORE] Aletheia Capital has lowered its rating on Wilmar International from “buy” to “sell” on the belief that the agribusiness group’s recent legal woes obscure its “earnings recovery narrative”...
Bukit Sembawang Estates a ‘potential dividend powerhouse’: DBS
[SINGAPORE] Bukit Sembawang Estates has been identified as a “potential dividend powerhouse” by DBS Group Research, which sees the possibility of a special dividend of up to S$1 per...
Genting’s New York casino licence buffers risks in Malaysia
The licence comes as the company’s Malaysia casino faces constraints amid local political headwinds[KUALA LUMPUR] Genting Group won a coveted New York City casino licence that will allow the...
Ad giant Omnicom to cut over 4,000 jobs, fold legacy brands after IPG takeover
The advertising industry faces a serious threat as artificial intelligence reshapes creative production and tech giants[BENGALURU] Omnicom said on Monday (Dec 1) that it will lay off more than...
Gold edges lower as investors book profits
US rate futures are pricing in an 88% chance of a rate cut in December, according to the CME’s FedWatch tool[BENGALURU] Gold edged lower in early Asian trading on...
US moves to deepen minerals supply chain in AI race with China
The Asian nation is home to more than 90% of global rare earths and permanent magnets refining capacity[WASHINGTON] The US will seek agreements with eight allied nations as part...
Warner Bros gets mostly cash Netflix offer in new round of bids
[NEW YORK] Warner Bros Discovery was fielding a second round of bids on Monday (Dec 1), including a mostly cash offer from Netflix, in an auction that could wrap...
Why AI is now embedded ‘in almost everything we do’: OCBC’s Praveen Raina
The bank is investing in talent and expanding research partnerships with universities[SINGAPORE] Artificial intelligence (AI) has become a catalyst for OCBC’s technology overhaul, sharply reducing the time needed to...
Oil climbs over US$1 a barrel on Opec action, Ukraine attack
Brent and WTI crude futures settled lower on Friday for the fourth straight month, their longest losing streak since 2023, as expectations for higher global supply weighed on prices[HOUSTON]...
