Business
CapitaLand Ascott Trust’s Q3 gross profit rises 8%
CAPITALAND Ascott Trust’s (Clas) gross profit rose 8 per cent year on year in the third fiscal quarter ended September. On Wednesday (Oct…
Swedan Margen
Swedan Margen contributes to Cosmopolitan Canada across fashion, style, culture, and entertainment.
The work spans trend coverage, cultural conversation, and stories drawn from the publication's editorial partners, with source attribution provided within individual articles where applicable.
Fashion · Style · Culture · Entertainment
Business
Circle raises fees despite rising stablecoin market competition
FOR the second time in less than a year, Circle Internet Financial has increased the fees it charges to cash out holdings of its USDC…
Business
OpenAI builds first chip with Broadcom and TSMC, scales back foundry ambition
OPENAI is working with Broadcom and Taiwan Semiconductor Manufacturing Company (TSMC) to build its first in-house chip designed to support…
Business
Visa profit beats expectation on resilient consumer spending
VISA’S fourth-quarter profit beat Wall Street expectations on Tuesday (Oct 29), as consumers set aside worries of a slowing economy and…
Business
SGX launches Hong Kong SDRs to allow portfolio diversification, exposure to mega-cap listcos
INVESTORS in Singapore can now gain direct exposure to five mega-cap companies listed in Hong Kong and tap into more opportunities to…
Business
SGX starts trading in BYD, Alibaba, Tencent, HSBC and BOC via depository receipts
INVESTORS in Singapore can now gain direct exposure to five mega-cap companies listed in Hong Kong and tap into more opportunities to…
Business
Companies must consider FX exposure risks when tapping South-east Asia’s rapid growth
FOR any company, the Asean economic bloc represents a business opportunity that cannot be ignored. The 10 countries that make up the…
Unsorted
BYD said to hire former Stellantis UK boss for Europe push
China’s BYD is hiring the former UK chief of Stellantis, according to people familiar with the matter, as the EV maker builds a team of…
Business
US: Wall Street slips amid earnings deluge, rising Treasury yields
Wall Street opened lower on Tuesday (Oct 29) as investors assessed a host of corporate results and looked ahead to Google-parent…
Business
Mapletree Industrial Trust DPU up 1.5% to S$0.0337, with higher occupancy and rents
MAPLETREE Industrial Trust (MIT) reported a distribution per unit (DPU) of S$0.0337 for the second fiscal quarter ended Sep 30, 2024, up…
Business
Starhill Global Reit posts 1.4% rise in Q1 NPI to S$37.9 million
STARHILL Global Reit reported a 1.4 per cent rise in its net property income (NPI) to S$37.9 million for its first fiscal quarter ended…
Business
PayPal forecasts Q4 revenue below estimates as profit push puts growth behind
PAYPAL forecast fourth-quarter revenue below estimates on Tuesday (Oct 29) as the digital payments company shifts its focus to…
Business
Australia’s CBA sells another 10% stake in Vietnam’s VIB
COMMONWEALTH Bank of Australia (CBA) has sold a 10 per cent stake in Vietnam International Commercial Joint Stock Bank (VIB) it said on…
Business
PetroChina profits fall on weaker oil and economic slowdown
Cumulative losses for the nation’s fuel-makers total 32 billion yuan this year till September, amid a downturn in the nation’s property…
Business
China’s Citic Securities Q3 profit rises 21.9%
CITIC Securities, China’s biggest brokerage, reported a 21.9 per cent rise in third-quarter profit on Tuesday (Oct 29), driven by growing…
Business
Adidas reports strongest China sales since early 2022
ADIDAS saw strong underlying growth in Greater China in the third quarter, while sales in North America excluding the Yeezy collection…
Business
Japanese brokerage Daiwa’s Q2 profit jumps 80% on Aozora stake
It also posts a rise in non-operating income of 21.6 billion yen in the quarter due to Aozora being an equity-method affiliate JAPAN’S…
Business
Singapore digital economy shrank 2.3% in 2023; efforts to help SMEs adopt generative AI underway: IMDA
SINGAPORE’S digital economy shrank 2.3 per cent in nominal terms to account for S$113.2 billion of the nation’s gross domestic product in…
Business
Founder of TikTok owner ByteDance jumps to top of China’s rich list
BYTEDANCE founder Zhang Yiming is China’s richest person, with personal wealth of US$49.3 billion, an annual rich list showed on Tuesday…
Business
HSBC to buy back US$3 billion shares as profit beats estimates
HSBC Holdings announced a fresh multi-billion US dollar stock buyback as it reported better-than-estimated earnings days after unveiling a…
Business
Australia’s Myer to buy rival Premier’s apparel business in A$864 million deal
AUSTRALIAN department store owner Myer will buy retail billionaire Solomon Lew’s Premier Investments’ apparel brands business, in a deal…
Unsorted
StarHub mobile network outage reported by users; over 2,000 reports on Downdetector
SOME StarHub customers experienced disruptions to their mobile network on the morning of Oct 29, leaving them unable to access the…
Business
Nippon Paint shares jump most in 24 years on US$2.3 billion deal
SHARES of Nippon Paint surged following its announcement of a deal to acquire a US-based chemicals formulator. The stock price for the…
Business
Singapore shares open almost flat on Tuesday; STI up 0.02%
SINGAPORE shares opened almost flat on Tuesday (Oct 29), after US and Europe’s indices rose overnight. As at 9.01 am, the Straits Times…