Culture
US SEC crypto enforcement slated for major rollback under Trump
THE crypto industry poured millions of US dollars into the presidential and congressional races, but its most salient election victory is likely to be the departure of US Securities...
Acrophyte Hospitality Trust’s 9-month net property income down 4% to US$33.8 million
ACROPHYTE Hospitality Trust’s net property income (NPI) for the first nine months of FY2024 fell 4 per cent year on year to US$33.8 million, from US$35.2 million. Revenue amounted...
Canada orders shutdown of TikTok’s Canadian business, app access to continue
CANADA on Wednesday (Nov 6) ordered Chinese-owned TikTok’s business in the country to be dissolved, citing national-security risks, but added the government was not blocking Canadians’ access to the...
DBS beats estimates as Q3 net profit rises 17% to S$3.03 billion; sets up S$3 billion share buyback programme
DBS’ net profit for the third quarter ended March 2024 rose 17 per cent year on year to S$3.03 billion – crossing the S$3 billion mark for the first...
Lamborghini revenue jumps 20% on high demand for all models
ITALIAN luxury sports car maker Lamborghini posted on Wednesday (Nov 6) nine-months revenue that was up by 20 per cent to 2.43 billion euros (S$3.5 billion), driven by a...
ECB’s Guindos warns of ‘huge’ impact of Trump tariff plans
THE global economy faces potentially detrimental shocks to growth and inflation if US President-elect Donald Trump implements the kind of import tariffs he threatened during his campaign, according to...
US: S&P 500, Dow open at record high as Trump wins US presidency
The S&P 500 and the Dow scaled all-time highs on Wednesday (Nov 6), while the Nasdaq also jumped, as Republican Donald Trump won the 2024 US presidential election in...
Japan’s steelmaker JFE cuts annual profit forecast on slow local demand, slumping Asia market
JAPAN’S second-biggest steelmaker, JFE Holdings, lowered its forecast for annual net profit by 37 per cent, hit by slow demand for building materials at home and a slumping Asian...
Jeweller Pandora’s shares sink as warns soaring silver could dent margins
PANDORA said on Wednesday (Nov 6) that higher silver and gold prices could hit its 2026 operating profit margin target, sending the Danish company’s shares as much as 7...
KKR acquires 35% of Fuji Soft after first stage of tender offer
PRIVATE equity firm KKR has acquired a 35 per cent stake in Japanese software developer Fuji Soft after the first part of its two-stage buyout tender offer, the latter...
