Business
Infineon forecasts sales decline on sluggish car chip demand
INFINEON Technologies forecast revenue will decline in the 2025 fiscal year, missing analyst estimates, in a sign that demand from…
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Business
Why Himalayan hiking trails in Nepal are a photographer's dream
This article was produced by National Geographic Traveller (UK). The longest and highest trail in the region is the 15-day Annapurna…
Business
German chemicals giant Bayer cuts key target amid weedkiller woes
GERMAN chemicals giant Bayer cut its forecast for 2024 operating earnings on Tuesday (Nov 12), after a poor performance in its…
Business
Singapore fund inflows surge to record high of S$3.1 billion in Q3: Morningstar
FLOWS into Singapore-registered funds hit a record S$3.1 billion in the third quarter, up from S$1.8 billion in the quarter before – as…
Business
AstraZeneca lifts 2024 revenue and profit forecast after Q3 beat
DRUGMAKER AstraZeneca lifted its annual sales and profit forecast for the second time in less than four months on Tuesday (Nov 12), helped…
Business
Armed Crypto Heist in Thailand Hints at Growing Trend of Physical Crimes Relating to Crypto
A Ukrainian cryptocurrency trader has just become the latest victim of a violent robbery in Thailand, where he lost 250,000 USDT in what…
Business
Alibaba, JD tout Singles Day highs even as China’s economy sags
CHINA’S biggest e-commerce platforms issued a welter of numbers showing robust growth during the country’s biggest online shopping event…
Business
DBS nominates Rajat Verma to be next India CEO: sources
DBS’ India unit has nominated its head of institutional banking, Rajat Verma, to be its new CEO, two people familiar with the matter said.…
Business
SoftBank books 1.18 trillion yen quarterly gain as Vision Fund finds its feet again
JAPAN’S SoftBank Group swung to a 1.18 trillion yen (S$8.7 billion) net profit in the three months to September, as the tech giant…
Business
Britain’s FCA fines Metro Bank £16 million for anti-money laundering failings
BRITAIN’S Financial Conduct Authority (FCA) has fined Metro Bank £16 million (S$27.4 million), for failings in its anti-money laundering…
Business
China's big air show opened with a glitzy aerial display of its fighters, but crowds couldn't see much in the smog
China's hyped air show kicked off with performances from its aerobatics team on Tuesday. But the grand display was dampened by smog…
Business
Baht lags behind peers on concerns over central bank autonomy
THAILAND’S currency fell by the most among Asian peers on investor concerns that the independence of the nation’s central bank is being…
Business
Italy says all systems go for Lufthansa to buy into ITA
The path for Lufthansa to take over the state-owned Italian airline ITA is clear, as the required documents for the buyout were submitted…
Business
Baidu bolsters AI lineup with text-to-image generator, no-code app builder
CHINA’S Baidu unveiled a slew of new applications for its artificial intelligence (AI) technology on Tuesday (Nov 12), including a…
Business
Investing in markets is best way to fight inflation, says new Saxo Singapore CEO
SAXO, a global investing and trading firm, has appointed Mahesh Sethuraman as Singapore CEO to take the helm of its operations here.…
Business
Brokers’ take: RHB upgrades Bumitama Agri to ‘buy’ on CPO price rally
WITH the continued run-up in crude palm oil (CPO) prices, RHB Research has upgraded its call on palm oil producer Bumitama Agri to “buy”…
Business
Gold hovers near one-month low ahead of US data, Fed speakers
Gold hovered near a one-month low on Tuesday (Nov 12) as investors looked forward to US economic data and comments from Federal Reserve…
Business
Frasers Hospitality Trust posts 0.8% fall in DPS to S$0.011682 for H2
FRASERS Hospitality Trust (FHT) recorded distribution per stapled security (DPS) of S$0.011682 for the second half of its financial year…
Business
Singapore shares retreat at Tuesday’s open; STI down 0.2%
SINGAPORE stocks started trading in negative territory on Tuesday (Nov 12) morning, despite global markets logging overnight gains. As at…
Business
Video from Egypt falsely linked to Israel's attack on Iran
Screenshot of the false X post, taken on November 1, 2024 The video, which shows aircraft flying in formation, made the rounds on social…
Business
Asian Pay TV Trust’s Q3 net profit falls 36.5% to S$6.5 million
ASIAN Pay Television Trust’s (APTT) net profit for the third quarter ended September 2024 fell 36.4 per cent to S$6.5 million from S$10.2…
Business
Grab reports Q3 profit of US$15 million, raises 2024 revenue forecast
Group-adjusted Ebitda is US$90 million for the quarter, an improvement of 224% year on year Grab on Tuesday (Nov 12) reported…
Business
Grab returns to profit in third quarter, raises 2024 revenue forecast
Group-adjusted Ebitda is US$90 million for the quarter, an improvement of 224% year on year Grab on Tuesday (Nov 12) reported…
Business
Grab returns to profit in Q3, raises 2024 revenue forecast
Group-adjusted Ebitda is US$90 million for the quarter, an improvement of 224% year on year Grab on Tuesday (Nov 12) reported…