Business
Food Empire’s Q3 revenue up 11.4% on strong showing across Asia markets
MAINBOARD-LISTED Food Empire on Monday (Nov 11) posted an 11.4 per cent rise in revenue to US$118.9 million for its third quarter ended…
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Business
Business
DBS CEO Piyush Gupta sells S$12.6 million worth of shares as DBS hits all-time high
DBS’ shares have shot past the S$40 mark in a rally; other major banks’ shares have also rallied amid bright Q3 earnings results OUTGOING…
Business
Avarga receives S$0.25 per share offer from its executive chairman
Tong Kooi Ong intends to carry on the existing business of the company, but may consider other opportunities that may come up PAPER…
Business
Thai panel picks government’s candidate for central bank board chair: govt sources
A THAI panel on Monday (Nov 11) picked ruling party loyalist and former Finance Minister Kittiratt na Ranong to chair the central bank’s…
Business
Singapore stocks rise despite tepid regional sentiment; STI up 0.4%
Across the broader market, losers beat gainers 354 to 229 with 1.9 billion securities worth S$1.5 billion changing hands SINGAPORE stocks…
Business
Australia’s HMC Capital to list data centre trust worth A$4 billion
AUSTRALIA’S HMC Capital will press ahead with the initial public offering of its data centres business that would be worth A$4 billion…
Business
Australia nears deal with ANZ to stop bank closures in the Pacific
AUSTRALIA is in the final stages of talks with ANZ Group over a deal to maintain the bank’s branches across the Pacific, Treasurer Jim…
Business
Soft as skin, strong as steel: Powerful magnetic muscles lift 1000x their weight
Researchers have engineered a material that is as soft as skin but remarkably strong. Ulsan National Institute of Science & Technology…
Business
SoftBank expected to book 287 billion yen profit on IPOs
JAPANESE technology investor SoftBank Group is expected to report a 287 billion yen (S$2.5 billion) quarterly profit on Tuesday (Nov 12),…
Business
UK’s Direct Line plans to cut 550 jobs, posts fall in gross premiums
DIRECT Line Insurance Group unveiled plans on Monday (Nov 11) to cut 550 roles, or about 5 per cent of its global workforce, and reported…
Business
UK’s Direct Line to cut 550 jobs amid motor insurance woes
DIRECT Line Insurance Group plans to cut 550 roles or about 5 per cent of its global workforce, the British insurer said on Monday (Nov…
Business
White truffles, Italy's gold, menaced by climate change
Deep in a thick forest in Italy's northwestern Piedmont region, the hunt is on for the white Alba truffle, with excited dogs zigzagging…
Business
BYD closing in on Ford deliveries after besting Tesla on revenue
FRESH from besting Tesla on quarterly revenue for the first time as an electric vehicle (EV) company, BYD now has legacy automakers in its…
Business
ADB increases climate finance after US, Japan give world’s first sovereign guarantees
THE Asian Development Bank (ADB) will increase its climate-related lending by up to US$7.2 billion after the United States and Japan…
Business
China's 'Singles Day' shopping spree in spotlight as spending flags
China's largest online shopping bonanza wraps up on Monday, with analysts and investors watching for signs that consumption is rebounding…
Business
Vietnam central bank ready to sell US dollars to keep exchange rate stable
VIETNAM’S central bank is ready to sell US dollars to the market to keep the exchange rate stable, governor Nguyen Thi Hong said on Monday…
Business
SIA expects passenger yields to further moderate
SINGAPORE Airlines (SIA) expects passenger yields to continue to moderate amid rising industry capacity, even as dipping yields across all…
Business
BANK of Japan hints at caution on rate hike with no clear December hint
BANK of Japan (BOJ) board members discussed the need for caution on raising its benchmark rate and offered no clear hint of a move next…
Business
APEC hotel openings and pipelines hit new highs in 2024
The hotel development sector across the Asia-Pacific region, excluding China, has experienced remarkable growth through the third quarter…
Business
Posts share fabricated report about China pulling investment from Malaysia
After Chinese national flags were raised at a festival in Malaysia, prompting a backlash from Malay nationalists, an image of a doctored…
Business
Gold subdued as investors await US data, comments from Fed officials
GOLD prices were little changed in early Asia hours on Monday (Nov 11), as market participants awaited comments from Federal Reserve…
Business
Hedge funds shorting Tesla just lost more than US$5 billion
SINCE Donald Trump’s election win, the hedge funds clinging on to bets against Tesla have lost billions of US dollars, as they feel the…
Business
ECW Icon Confirms New WWE Legends Deal
The WWE Legends roster just got a little bit larger. WWE Hall of Famer and ECW legend Bubba Ray Dudley has confirmed at a virtual signing…
Business
Top UBS banker in Australia sees role helping ultra-rich invest abroad
UBS Group expects rich Australians to seek more investment outside the country as assets grow and they want to diversify more. Anthony…