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Boeing enters US$10 billion credit agreement with banks amid crippling strike
BOEING said on Tuesday (Oct 15) it has entered a credit agreement worth US$10 billion with a consortium of banks, as the US planemaker readies financing sources amid a...
SIA Group passenger capacity up 9.7% in September, outpacing passenger traffic growth
In total, the national carrier and its low-cost arm Scoot carried 3.1 million passengers that month SINGAPORE Airlines (SIA) Group posted a 9.7 per cent increase in passenger capacity in...
Singapore ranks second in Apac for ESG bonds issuance in H1 2024: MSCI
THE growing prominence of labelled bonds in global bond benchmarks in H1 2024 suggests that these bonds are growing faster than the wider bond market, said MSCI following research...
Jardine Matheson leads losses; STI closes flat ahead of earnings
SINGAPORE stocks fell minimally on Tuesday (Oct 15) ahead of earnings results, led by Jardine Matheson and its subsidiary DFI Retail Group, while Chinese stocks fell sharply amid a...
IEA cuts 2024 oil demand growth view, sees surplus looming
THE International Energy Agency (IEA) on Tuesday (Oct 15) further cut its global oil demand growth forecast for this year citing weakness in China and said the market was...
Swiss regulator tells UBS to strengthen its crisis plans
UBS must improve its emergency plans following its takeover of Credit Suisse to ensure the bank can be wound down or sold without risking financial stability and taxpayer cash,...
Dutch to cut ABN Amro stake further as exits gather pace
THE Dutch government plans to sell more shares in ABN Amro Bank, joining states across Europe in speeding up the exit from banks that were bailed out after the...
Brokers’ take: Dyna-Mac shareholders should accept Hanwha’s S$0.67 a share offer, Maybank says
MAYBANK Securities has recommended that shareholders of offshore oil-and-gas contractor Dyna-Mac accept the revised S$0.67 a share offer from South Korean company Hanwha.The revised offer comes after Hanwha on...
Petronas’ exploration in South China Sea will continue, Malaysia PM says
MALAYSIA’S Prime Minister Anwar Ibrahim on Tuesday (Oct 15) reiterated that state energy firm Petronas will continue to conduct oil and gas exploration activities in Malaysia’s exclusive economic zone...
China’s car and ship exports hit record despite slowing trade
CHINA’S exports of both cars and ships hit records in September even as broader shipments slowed, underscoring the rapid changes in the nation’s industry that are fuelling global trade...
China Eastern pulls Madrid service amid subsidy crackdown
CHINA Eastern Airlines is pulling its twice-weekly flight from Wenzhou to Madrid at the end of this month as the country’s aviation officials crack down on subsidies underpinning international...
US weighs capping exports of AI chips from Nvidia and AMD to some countries
BIDEN administration officials have discussed capping sales of advanced artificial intelligence (AI) chips from Nvidia and other American companies on a country-specific basis, sources familiar with the matter said,...