Business
Singapore’s gold buying spree fuels 47% sales jump in gold bars, coins as global demand hits record
Local demand for gold bars and coins rises 47%, but jewellery consumption slumps 8% Strong investor appetite in Singapore, which resulted…
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Business
Business
Wilmar posts US$347.7 million Q3 loss on 11.9 trillion rupiah graft penalty; core profit jumps 71%
Revenue is up 7.4% at US$19.1 billion; all sectors enjoy stronger operational results Singapore-based agribusiness group Wilmar…
Business
AI made her a billionaire. Now she’s using it to help creators maximize their earnings
In April 2025, Lucy Guo became the youngest female self-made billionaire after Meta paid $14.3 billion for a 49% stake in Scale AI, the…
Business
The Estée Lauder Cos. Shows Signs of Improvement
The Estée Lauder Cos.’ financial results are starting to improve. The beauty company, whose brands include namesake Estée Lauder,…
Business
Sheng Siong reports 12% increase in Q3 earnings to S$43.7 million
Sheng Siong reported an 11.9 per cent increase in earnings to S$43.7 million in the third quarter ended Sep 30, from S$39.1 million in the…
Business
Powell’s warning to investors and lenders: The Fed won’t spoil the markets any longer
US FEDERAL Reserve chairman Jerome Powell seldom repeats himself, so Wall Street listened carefully when he delivered the same warning…
Business
Singapore stocks end lower amid mixed regional trading; STI down 0.1%
Keppel was the top gainer on the index, rising 1.6%, while Mapletree Industrial Trust was the worst performer, falling 2.7% Singapore…
Business
How Amazon is using its delivery infrastructure to get disaster supplies to Jamaica
When Hurricane Melissa began moving toward Jamaica earlier this week, Amazon’s chief meteorologist was watching closely—not just for the…
Business
People are dragging JPMorgan’s new HQ online
JPMorgan Chase’s new $3 billion global headquarters in midtown Manhattan was finally unveiled the week of October 20 after six years in…
Business
Puma to cut 900 jobs globally by 2026, initiates business U-turn after sales declines
Shrinking market share, weak demand and US tariffs prompt Puma to warn of annual loss German sportswear maker Puma on Thursday (Oct 30)…
Business
Virgin set to challenge Eurostar on Channel Tunnel route
Virgin Trains will be able to launch rail services through the Channel Tunnel after the UK's rail regulator approved its application to…
Business
A Bruising Q3 at Puma as Company hits ‘Reset’ Button
Organic sales at Puma fell 10.4 percent in the third quarter to 1.96 billion euros. The German activewear firm blamed a strategic “reset”…
Business
StanChart raises outlook as quarterly profit beats estimate
The performance is largely a result of the bank’s wealth management unit and global banking STANDARD Chartered lifted its income and…
Business
Lufthansa hits forecasts in third quarter despite weaker North Atlantic market
Lufthansa reported quarterly operating earnings slightly above expectations on Thursday and said the outlook for the fourth quarter was…
Business
Australia’s Lynas Rare Earths Q1 revenue jumps 66% but falls short of forecasts
Lynas is focusing on a build-out of a processing plant in Malaysia, to satisfy East Asian demand First-quarter revenue at Australia’s…
Business
Japan’s Anime Market Hits Record $25 Billion, Driven by Global Boom, AJA Report Finds
Japan’s anime industry reached an all-time high in 2024, climbing to JPY3.84 trillion ($25.25 billion) in total market value, according to…
Business
Shell profit beats estimates as oil and gas trading recovers
The company keeps quarterly US$3.5 billion buybacks, supported by robust operating cash flow Shell’s profit was better than expected in…
Business
The most powerful AI skill? Saying ‘I don’t know’
The latest buzzword is “AI literacy.” Much like “social media,” “ESG,” and “CSR” before it, employers are now looking for proof of fluency…
Business
Malick Thiaw: How Newcastle defender became 'mentality monster'
No wonder Newcastle had been tracking Thiaw's progress at Milan for some time. There was a belief within the club that it would be…
Business
Prudential Q3 new business profit rises 14% to US$705 million; regional CEO leaves
Prudential on Thursday (Oct 30) posted a 13 per cent year-on-year rise in “new business profit” (NBP) for its third quarter ended Sep 30.…
Business
Tech giants test investors’ patience with AI spending spree
Alphabet, Meta Platforms and Microsoft, together have racked up some US$78 billion in capital expenditures last quarter The largest…
Business
Asian markets to expect short-term pressure from Fed rate cut: analysts
Asia markets are likely to face short-term pressure from the US Federal Reserve’s latest interest rate cuts, but expectations are already…
Business
Mapletree Industrial Trust to divest up to S$600 million of assets over next two years
The manager of Mapletree Industrial Trust (MIT) plans to divest between S$500 million and S$600 million worth of assets over the next two…