Fashion
Great Eastern posts 52% higher Q3 profit of S$273.4 million
This is driven by contributions from its insurance business and favourable investment performance from shareholders’ fundsGREAT Eastern posted a 52 per cent year-on-year increase in net profit to S$273.4...
Nvidia rides AI wave to pass Apple as world’s largest company
NVIDIA became the largest company in the world on Tuesday (Nov 5), surpassing Apple and underscoring just how dominant artificial intelligence (AI) has become on Wall Street.Shares rose 2.9...
Banks tout all-night US credit trades as election results come in
BANKS are gearing up for late-night US credit trades as results trickle in from presidential and legislative elections that could impact company profits.JPMorgan’s derivatives trading desk will be staffed...
Frasers Hospitality Trust’s sudden lurch to a higher tax rate in Australia serves as a cautionary tale
S-Reits may lose the capital support of strategic investors due to the limit on foreign individual ownershipTHE news that Frasers Hospitality Trust’s (FHT) wholly owned Australian subsidiary, FHT Australia...
Amos Group loses free float, extends offer closing date to Nov 21
OFFSHORE oil and gas equipment manufacturer Amos Group on Tuesday (Nov 5) said it has lost its free float and intends to extend the deadline for shareholders to accept the...
US: Wall St opens higher as Americans head to polls
US STOCK indexes opened higher on Tuesday (Nov 5), as voting began in a tightly contested presidential election, with traders girding up for volatile trading over the next few...
Ferrari’s core profit rises 7%, helped by product mix, personal touches
FERRARI said on Tuesday (Nov 5) its core earnings rose 7 per cent in the third quarter, despite a slight decrease in car shipments, as the luxury sports car...
Burger King parent Restaurant Brands misses sales estimates on muted demand
RESTAURANT Brands missed estimates for quarterly revenue on Tuesday (Nov 5) due to weak demand across key businesses such as Tim Hortons, Burger King and international markets including China...
Thomson Reuters reports higher third quarter revenue
THOMSON Reuters on Tuesday (Nov 5) reported higher than expected third-quarter revenue as it continued to invest in generative AI.
The Toronto-based content and technology company reported a quarterly revenue...
German parts maker Schaeffler to cut 4,700 jobs on auto woes
Schaeffler will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen and other German carmakers ripples through their supply chains.About 2,800 of...
