Temasek continues to maintain majority stake Singapore Airlines announced in May record annual profit Shares have jumped almost 36 yeartodate HONG KONGSINGAPORE, June 28 Reuters Singapore39;s state investor Temasek is selling around S400 million 295.92 million worth of shares, or a 1.85 stake, in the country39;s national carrier Singapore Airlines SIA, according to a term […]

June 28 Reuters Shares in Volkswagen inched higher on Wednesday, recovering slightly from a selloff the day before when the automaker played down reports it will cut EV output in Germany over the next two weeks because of lower than expected demand. Volkswagen expects the trend in BEV battery electric vehicle orders, which already improved in […]

June 28 Reuters Shares of AIfocused companies will be a major driver of returns for developed markets in a tough economic environment, BlackRock Investment Institute said, citing a current rally that is concentrated in a handful of technology stocks. SP 500 gains have become increasingly concentrated in a handful of tech stocks, surpassing levels seen […]

June 27 Reuters Alphabetowned Google on Tuesday said it is cutting jobs at mapping app Waze as it merges the app39;s advertising system with Google Ads technology, without giving details on the number of layoffs. In order to create a better, more seamless longterm experience for Waze advertisers, we39;ve begun transitioning Waze39;s existing advertising system to […]

NEW YORK, June 27 Reuters A U.S. bankruptcy judge on Tuesday approved Overstock.com39;s 21.5 million purchase of Bed Bath Beyond39;s brand name, intellectual property and ecommerce platform. U.S. Bankruptcy Judge Vincent Papalia approved the sale at a court hearing in Newark, New Jersey, saying that he was gratified to see a bidder emerge that would […]

HONG KONG, June 28 Reuters Chinese tech giants Tencent Holdings and Ant Group said that they would allow users to link international credit cards to their platforms, an issue that has long plagued foreign visitors as the countrys payment system has kept credit cards out for years. Tencent, operator of the popular chat app WeChat and […]