Business
Maybank cuts Sea target price by 9.3% on softer Shopee margins, despite consensus-beating Q3 earnings
Maybank Research slashed its target price for internet company Sea by 9.3 per cent to US$156 from US$172 with a “hold” rating, citing…
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Business
Business
Maybank cuts Sea target price with ‘hold’ call on softer Shopee margins, HSBC maintains ‘buy’ call
Tech company’s prioritisation of growth and building of competitive moats could ‘slow near-term monetisation gains’, says Maybank Research…
Business
LVMH Watches Division Takes Minority Stake in La Joux-Perret
PARIS — The LVMH Watches Division has acquired a minority stake in Swiss manufacturer La Joux-Perret. Financial terms of the deal were not…
Business
Alice + Olivia Releases Grateful Dead Capsule in Honor of the Band’s 60th Anniversary
Alice + Olivia by Stacey Bendet has released a limited-edition capsule collection honoring the 60th anniversary of the Grateful Dead, one…
Business
Rhone Names Matthew Wallace Chief Operating Officer
Rhone continues to build out its management team. The Connecticut-based company has brought Matthew Wallace on board as chief operating…
Business
Field & Stream TV, Backed by Country Stars Morgan Wallen and Eric Church, Is Coming to Streaming and Broadcast Platforms
Field & Stream, the outdoor lifestyle brand whose owners include country singer-songwriters Morgan Wallen and Eric Church, is wading into…
Business
Federal Reserve’s Barr says AI will transform economies though outcomes vary
FEDERAL Reserve Governor Michael Barr said although artificial intelligence will transform economies, there are a range of outcomes as to…
Business
Laopu Gold, Baidu, Trip.com are the latest Hong Kong SDRs listed on SGX
This brings the total Singapore Depository Receipts shelf on the local bourse to 29 securities The Singapore Exchange (SGX) on Wednesday…
Business
Laopu Gold, Baidu, Trip.com are the latest SDR listings on SGX
This brings the total Singapore Depository Receipts shelf on the local bourse to 29 securities The Singapore Exchange (SGX) on Wednesday…
Business
Why Ofsted’s school inspection shakeup risks causing new problems
Branwen JeffreysEducation Editor Ofsted's new 'traffic light' rating system for schools across England came into force this week - but…
Business
Asia: Markets up on hopes over shutdown deal, rate cut
EQUITIES rose in Asia on Wednesday as the US shutdown nears an end and after fresh jobs data boosted the chances of a third successive…
Business
ST journalist wins Financial Story of the Year award
Angela Tan recognised for scoop on Kwek family feud; Lianhe Zaobao, CNA938, The Edge Singapore also bag awards Senior business…
Business
Dominican Republic: 'Cascade of failures' causes nationwide blackout
The Dominican Republic has experienced a nationwide power cut which officials said was linked to a failure in the electricity transmission…
Business
Gold gains for fourth day on softer dollar, Fed rate-cut optimism
GOLD rose for a fourth straight session on Wednesday, supported by a weaker dollar and expectations that the reopening of the US…
Business
Bitcoin traders are still rattled after US$340 billion wipeout
BITCOIN is struggling to stage a meaningful recovery after last month’s stumble, with signs of fatigue continuing to mount across crypto…
Business
F&N full-year profit falls 6.4% to S$141.3 million despite higher revenue in F&B segment
Beverage and publishing company Fraser and Neave (F&N) on Wednesday (Nov 12) announced a 6.4 per cent fall in net profit to S$141.3…
Business
Stocks to watch: Singtel, F&N, SBS Transit, CLAR, Prime US Reit, Stoneweg Europe, BHG Reit
The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 12): Singtel: Singtel posted a…
Business
Costa Coffee attracts takeover interest from backer of China’s Luckin
CENTURIUM Capital, the private equity backer of fast-growing Chinese chain Luckin Coffee, is considering a bid for UK cafe operator Costa…
Business
Valuetronics posts 2.7% higher H1 profit of HK$93 million
The board declares an interim dividend of HK$0.04 per share and a special dividend of HK$0.04 per share Electronics manufacturing services…
Business
Daiwa House Logistics Trust 9M distributable income drops 8.4% to S$23.4 million
The manager of Daiwa House Logistics Trust (DHLT) on Wednesday (Nov 12) posted a distributable income of S$23.4 million forthe nine months…
Business
Why did SoftBank sell off its Nvidia stake?
On Tuesday, SoftBank, the Japanese financial giant, announced plans to dump all 32 million of its shares in Nvidia, the AI chip maker. The…
Business
Google rolls out Apple-like message summaries for Pixel phones
ALPHABET’S Google is adding new artificial intelligence features to its Pixel devices, including iPhone-like message summaries and…
Business
Singtel H1 earnings nearly treble to S$3.4 billion on one-off gains
Telecommunications giant Singtel on Wednesday (Nov 12) revised its operating companies’ (Opco) earnings before interest and tax (Ebit)…