News
Airbus CEO concedes likely defeat to Boeing in order race this year
The planemaker remains ahead of its US rival in deliveries and the pipeline of outstanding orders[PARIS] Airbus CEO Guillaume Faury conceded likely defeat in the annual order race against...
Air India admits compliance culture needs overhaul after flying Airbus without permit
The report is a stark admission from the airline whose Boeing Dreamliner crash in June killed 260 people[NEW DELHI] An Air India investigation into why one of its Airbus...
Singapore stocks close flat ahead of Fed interest rate decision
[SINGAPORE] Singapore stocks ended lower on Wednesday (Dec 10), ahead of a policy decision by the US Federal Reserve.The benchmark Straits Times Index (STI) was flat, shedding 1.34 points...
12,000 Marriott suppliers in Singapore, Malaysia, Indonesia to get same-day invoice financing by OCBC
The partnership gives the hospitality group’s SME suppliers quick and seamless access to capital, and enables them to be more sustainable[SINGAPORE] OCBC and Marriott International have formed a strategic...
Asian utilities slow to confront climate risk
ASIA might need to grow up when it comes to protecting its power sector against climate-related loss and damage, a new report has suggested.Eleven major power-sector players in Asia...
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion[BENGALURU] Shares of e-commerce firm Meesho jumped about 58 per cent in their debut on...
Amazon says it will invest $35 billion in India by 2030 on AI, exports
Major US tech firms’ pledges in the country underscore its emergence as a hub for cloud, AI and deep-tech growthE-COMMERCE giant Amazon said on Wednesday (Dec 10) it will...
Olam Group says unit secures US$1.12 billion dual currency loan
OLAM Group said on Wednesday its unit olam food ingredients (ofi) had secured a multi-tranche dual currency term loan facility aggregating US$1.12 billion.The facility, consisting of two US dollar...
Gold edges lower as dollar climbs to near one-week high ahead of Fed verdict
[BENGALURU] Gold inched lower on Wednesday (Dec 10), as the dollar rose after a US jobs report indicated a stronger-than-expected labour market, pressuring prices, ahead of a widely anticipated...
IndiGo crisis shows perils of India’s corporate dominance
The domination of the country’s two airlines is a far cry from a decade ago, when more than nine players shared the market[DELHI] Flight chaos triggered by India’s biggest...
