Business
Meta will face antitrust trial over Instagram, WhatsApp acquisitions
FACEBOOK owner Meta Platforms must face trial in a US Federal Trade Commission (FTC) lawsuit seeking its break-up over claims that it…
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Business
Business
US: Wall Street opens little changed after in-line inflation data
WALL Street’s main indexes were steady on Wednesday (Nov 13) after in-line consumer price inflation data kept the Federal Reserve on track…
Business
US dollar pulls back from six-month peak after US inflation data
THE US dollar pulled back from a 6½-month high against major currencies on Wednesday (Nov 13) after data showed US inflation for October…
Business
GP Industries back in black with 62.9% net profit boost on stronger revenue, cost controls
BATTERY maker bounced back into the black with a 62.9 per cent jump in net profit in its first half of FY2025, driven by revenue growth…
Business
JD.com price target raised to $43 from $35 at Mizuho
https://www.tipranks.com/news/the-fly/jd-com-price-target-raised-to-43-from-35-at-mizuho Mizuho raised the firm’s price target on JD.com…
Business
Jardine Cycle & Carriage’s Indonesia, Vietnam Q3 earnings saddled by mushy consumer demand, weaker currencies
JARDINE Cycle & Carriage (JC&C) said on Wednesday (Nov 13) that its results for the first nine months of the year were down slightly year…
Business
Sembcorp signs framework agreement for potential hydrogen pipeline at COP29
The agreement is not expected to have a material impact on the company’s FY2024 results SEMBCORP Industries has inked a joint development…
Business
Civmec wins shiploader project; order book remains above A$800 million
Company cautions that delays to the timing of key project awards in FY2025 is expected to result in lower levels of activity in Q3 and…
Business
StarHub’s Q3 earnings rise 11.1% to S$40.4 million
STARHUB posted a net profit of S$40.4 million for its third quarter, up 11.1 per cent from S$36.4 million in the year-ago period. Despite…
Business
Singapore stocks rise even as trade tariff fears hurt market sentiment in Asia; STI up 0.2%
With China hawks primed for top roles in incoming Trump administration and China’s booming trade surplus, resurgence of protectionist…
Business
As German economy struggles, executives earn more than ever
A flag with the Thyssenkrupp company logo is pictured in Dortmund. In the face of an economic downturn and major layoffs at large German…
Business
Tencent’s revenue climbs 8% after blockbuster games summer
TENCENT Holdings’ revenue rose 8 per cent after the summer release of Dungeon & Fighter Mobile helped China’s most valuable company resist…
Business
OCBC has enough capital for M&A, business growth: CEO Helen Wong
OCBC has enough capital for business growth even as chief executive officer Helen Wong signals her appetite for deals while keeping the…
Business
Allianz beats forecasts with 22% rise in profit and rosier outlook
GERMANY’S Allianz on Wednesday (Nov 13) beat expectations with a 22 per cent rise in third-quarter net profit, helped by lower claims from…
Business
Dutch lender ABN Amro’s Q3 profit beats estimates on strong interest income, fees
ABN Amro reported a smaller-than-expected fall in third-quarter profit on Wednesday (Nov 13), driven by sustained improvement in net…
Business
Indonesia volcanic eruptions disrupt international flights
The ongoing eruptions of the Lewotobi Laki-Laki volcano on Indonesia's Flores island are disrupting international air travel across…
Business
TikTok posts share hoax video of Indonesian finance minister 'cash giveaway'
After Indonesia's new President Prabowo Subianto announced his pick for finance minister, a manipulated video of the official purportedly…
Business
Vietnam tech champion accelerates AI push with Japan expansion
VIETNAM’S software and telecommunications champion FPT plans to open an artificial intelligence (AI) data centre in Japan next year,…
Business
China says TSMC chip curbs undermine interests of Taiwan companies
CHINA’S Taiwan Affairs Office said on Wednesday (Nov 13) that a US order to Taiwan Semiconductor Manufacturing Company (TSMC) to halt…
Business
BNP cuts 10% of China dealmaker jobs after 2022 expansion
BNP Paribas made its first round of layoffs in China investment banking since an expansion two years ago, cutting about 10 jobs amid a…
Business
Even handicraft marketplace Etsy needs AI to compete, says CEO
THE web platform Etsy is famous for selling cutesy handmade arts and crafts, but even a company that relies on a cottage industry of…
Business
Siemens Energy boosts mid-term targets on infrastructure boom
SIEMENS Energy raised its mid-term targets after demand for its grid technologies helped offset losses at its beleaguered wind-turbine…
Business
SoftBank to get first new Nvidia chips for Japan supercomputer
SOFTBANK Group will be the first Nvidia customer to build a supercomputer based on the chipmaker’s new Blackwell design, a move to meet…
Business
Global EV sales up 35% in October, Europe ekes out a gain
GLOBAL sales of fully electric and plug-in hybrid vehicles rose 35 per cent in October from the same month last year, with growth across…