News
Samsung shares soar as strike averted, but bonuses of US$416,000 for some stoke concern
Samsung is expected to set aside about 10.5% of operating profit for special bonuses for the chip divisionPublished Thu, May 21, 2026 · 08:02 AM — Updated Thu, May...
Nvidia’s profit hits US$58.3 billion as AI boom gathers more steam
The chipmaker’s biggest problem appears to be meeting demand from its spendthrift tech industry customersPublished Thu, May 21, 2026 · 07:39 AM[SAN FRANCISCO] Another huge quarterly profit announced by...
Oil prices slide after Trump says US-Iran negotiations in ‘final stages’
The number of vessels crossing the strait remains well below the 130 or so ships that crossed daily before the warPublished Thu, May 21, 2026 · 06:14 AM[NEW YORK]...
European shares end near two-week highs on defence, tech boost
Global investors are keen on artificial intelligence bellwether Nvidia’s resultsPublished Thu, May 21, 2026 · 05:40 AM[BENGALURU] European shares finished near two-week highs on Wednesday (May 20), aided by...
Barclays CEO says UK should seek ways to lower cost of Brexit
Published Thu, May 21, 2026 · 12:11 AMTHE UK should look for ways to reverse the economic effect of Brexit, though it may be impractical to undo Britain’s exit...
Intuit to cut 17% of global jobs to streamline operations: memo
Published Wed, May 20, 2026 · 10:16 PMINTUIT is laying off about 17 per cent of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus...
Former OCBC trading rep, ex-GM of Sasseur Reit affiliate found guilty of trading offences
One is convicted of abetting false trading and the other, of engaging in insider tradingTWO individuals have been convicted under the Securities and Futures Act – one of them...
Grab to consolidate Indonesia’s Superbank into financial services segment; Singtel transfers stake to GXS Bank
Superbank, which completed an IPO in Indonesia in December 2025, has a market capitalisation of US$1.6 billion[SINGAPORE] Grab will consolidate Indonesian digital bank Superbank into its financial services segment,...
Disney accused of misusing facial recognition technology
A visitor has filed a $5-million lawsuit against Disneyland for allegedly failing to properly disclose the use of facial-recognition technology at park and collecting sensitive data on guests.Summer Christine...
Collapse of M1-Simba deal reveals chinks in Singapore’s cursed telco consolidation dream
A rollback to a three-player market is inevitable; the tragedy is how difficult the exit has become[SINGAPORE] Everything in Singapore feels like it is getting more expensive – from...
