Business
China taps global bankers for feedback to lift market confidence
CHINA’S securities regulator has ratcheted up the frequency of interactions with global banks, intensifying what had been quarterly…
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Business
Business
Alphabet’s Waymo opens autonomous ride-hailing service to all in Los Angeles
ALPHABET’S Waymo said on Tuesday (Nov 12) that its autonomous ride-hailing service, Waymo One, is now available to everyone in Los…
Business
Yoma’s H1 net loss deepens to US$11 million on forex headwinds
YOMA Strategic posted a net loss of US$11 million for the first half ended September 2024, widening from its US$2.5 million loss in the…
Business
Gold prices flat, focus on US inflation print
Gold prices barely moved on Wednesday (Nov 13), as attention shifted to a key US inflation print due later in the day, which could shed…
Business
Bumitama Agri’s Q3 net profit falls 31.6% to 597.9 billion rupiah
BUMITAMA Agri reported a net profit of 597.9 billion rupiah (S$51 million) for the third quarter ended Sep 30, down 31.6 per cent the year…
Business
White Sox Star Ace Likely To Be Traded; Dodgers, Red Sox, Orioles Suitors
Share ✓ Link copied to clipboard! If I could make one guarantee this winter, it would be that the Chicago White Sox will trade their ace,…
Business
Frasers Property remains keen on Singapore housing development but is cautious over entry costs and margins
FRASERS Property posted a net profit of S$148.9 million for the second half of its financial year ended Sep 30, reversing losses of S$52.6…
Business
Temasek Trust invests US$50 million in HSBC-held Tekoma Energy
TEMASEK Trust agreed to invest US$50 million in an HSBC Asset Management-owned Japanese solar energy company. ABC Impact, a unit of the…
Business
Singapore shares retreat at Wednesday’s open; STI down 0.7%
SINGAPORE shares began trading lower on Wednesday (Nov 13), extending global equity market declines overnight. As at 9.02 am, the Straits…
Business
Boeing, Airbus throw supplier lifeline ahead of takeover
BOEING and Airbus will provide more than US$450 million in financial assistance to help keep key supplier Spirit AeroSystems Holdings…
Business
Photos: Hail blankets Saudi Arabian desert creating winter-like landscape
SAKAKA, Saudi Arabia – A rural region of northern Saudi Arabia was blanketed by hailstones, giving the desert landscape a rare coating of…
Business
Valuetronics posts 10.2% rise in H1 net profit to HK$90.5 million
INTEGRATED electronic manufacturing services (EMS) provider Valuetronics’ net profit for the first half ended September grew 10.2 per cent…
Business
Stocks to watch: Singtel, Frasers Property, Bumitama Agri, The Hour Glass
THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 13): Singtel: The…
Business
Singtel’s H1 profit falls 42.4% to S$1.23 billion in absence of exceptional gain
SINGTEL’S net profit for the first half ended September fell 42.4 per cent year on year to S$1.23 billion from S$2.14 billion. This was in…
Business
Singtel’s interim dividend up 35%, H1 profit falls 42.4% to S$1.23 billion in absence of exceptional gain
Soft enterprise demand is expected to improve in the coming months, and data centre customers are paying reservation fees to secure…
Business
US asks to seize crypto tied to Sam Bankman-Fried bribery charge
THE US is not through trying to seize cryptocurrency tied to Sam Bankman-Fried a year after he was convicted of masterminding a massive…
Business
Apple’s next device is an AI wall tablet for home control, Siri and video calls
APPLE, aiming to catch up with rivals in the smart home market, is nearing the launch of a new product category: a wall-mounted display…
Business
Hertz falls on mounting losses from failed bet on Tesla EVs
HERTZ Global Holdings tumbled after the company reported a worse-than-expected loss stemming from the rental car company’s failed bet on…
Business
US companies storm debt markets after risk premiums plunge
COMPANIES of all stripes are diving into the debt market on Tuesday (Nov 12), taking advantage of robust demand and relatively favourable…
Business
Volkswagen boosts bet on Rivian’s EV technology by US$800 Million
VOLKSWAGEN (VW) and Rivian Automotive named leaders for their multi-billion US dollar joint venture (JV) and showcased a prototype…
Business
Spotify beats subscriber, margin estimates even as ad sales lag
SPOTIFY Technology reported third-quarter growth in subscribers and profit margins, saying lower marketing and personnel costs helped the…
Business
Mysterious White Blobs Are Washing Up on Canadian Beaches
Residents and marine scientists alike are baffled about something strange washing up on the shores of Newfoundland, Canada. For the last…
Business
Man Group plans job cuts as it reviews budget, talent needs
MAN Group is planning a round of job cuts as the world’s biggest publicly traded hedge fund firm reviews its staffing needs. Chief…
Business
CapitaLand Ascott Trust’s divestments could help it buffer against higher-for-longer interest rate scenario
It should seize opportunities available in market, as long as exit yields remain favourable THE managers of CapitaLand Ascott Trust (Clas)…