Business
Australia’s Qantas hits record high as Jefferies lifts price target
SHARES of Qantas Airways hit an all-time high on Wednesday (Oct 23) after Jefferies analysts hiked their price target on Australia’s flag…
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
Unsorted
Changi Airport’s Q3 passenger movements up 10% on strong North Asia traffic
CHANGI Airport had 16.8 million passengers passing through its terminals in the third quarter of 2024, up 10 per cent from the year…
Business
HSBC revamp by new CEO Georges Elhedery stumps staffers, investors alike
HSBC Holdings’ new chief executive officer just unveiled the biggest overhaul of the company in at least a decade, but it was missing some…
Business
Stocks to watch: Mapletree Logistics Trust, CapitaLand Ascott Trust, Keppel Infrastructure Trust, Parkway Life Reit
THE following companies saw new developments that may affect trading of their securities on Wednesday (Oct 23): Mapletree Logistics Trust…
Business
US banks brace for open banking era of consumer data sharing
US BANKS will now have to give customers access to their financial data after the top consumer watchdog finalised a long-awaited rule…
Unsorted
Air taxis take one step closer to reality with FAA rules
US AVIATION regulators released final safety rules for the nascent air taxi industry on Tuesday (Oct 22), crossing a key milestone for…
Business
McDonald’s linked to dozens of food poisonings, one death in US
ONE person has died and dozens have fallen sick following a severe E. coli outbreak linked to McDonald’s Quarter Pounder hamburgers, the…
Business
Amazon sets ultra-low pricing plans for Temu rival store: The Information
AMAZON.COM is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce…
Business
BOE’s Bailey says tools need to improve to surveil non-banks
THE Bank of England needs to improve the ways it is able to track developments in the non-banking system, which is less transparent…
Business
OUE unit to issue S$50 million in fixed-rate green notes due 2029 at 4%
AN OUE subsidiary, OUE Treasury, has proposed to issue S$50 million in green notes due 2029 at a fixed rate of 4 per cent per annum, the…
Business
3M raises profit forecast after quarterly beat on electronics demand
An uptick in demand for electronics used in vehicles and mobile phones boosted profit for the company 3M Co raised the lower end of its…
Business
Moody’s raises full-year profit forecast above estimates on strong product demand
RATINGS agency Moody’s raised its full-year adjusted profit forecast above Wall Street estimates and posted a nearly 31 per cent rise in…
Business
GM results exceed Wall Street targets; company is upbeat on full-year earnings
General Motors continued to defy Wall Street’s expectations this year, posting third-quarter results ahead of analyst projections on the…
Business
ASML chief sees US pressure building for more China restrictions
ASML Holding chief executive officer Christophe Fouquet expects pressure will grow from the US to further restrict sales of semiconductor…
Business
China’s Singles’ Day sales festival fails to inspire consumers
CHINA’S largest shopping event is underway but most merchants and retail analysts expect flat or at best, tepid sales growth, noting…
Business
Weak China demand puts brakes on Holiday Inn owner IHG in third quarter
HOLIDAY Inn owner InterContinental Hotels Group (IHG) reported a sharp slowdown in room revenue growth in the third quarter as weak demand…
Business
France’s Wendel to acquire Monroe Capital for US$1.13 billion
The French company will also invest US$1 billion to support the US firm’s growth, which will retain its brand and continue to operate…
Business
China’s Horizon Robotics raises HK$5.4 billion in biggest Hong Kong IPO of 2024
CHINESE autonomous driving firm Horizon Robotics has priced its shares at the top of its range to raise HK$5.4 billion (S$913.4 million)…
Business
Brokers’ take: OCBC initiates coverage on PropNex with ‘buy’
OCBC Investment Research has initiated coverage on PropNex with a “buy” call and a fair value estimate of S$0.91. It anticipates that…
Business
Hyundai Motor India dips in debut after record US$3.3 billion IPO
HYUNDAI Motor India shares slipped as much as 2.6 per cent early in their Mumbai debut, a lacklustre start to trading in what has been one…
Business
Logitech raises full-year outlook as sales and profit expectations climb
LOGITECH International raised its full-year outlook after a strong performance and a growth in demand in the second quarter, the computer…
Business
Honeywell partners with Google to integrate data with generative AI
HONEYWELL has signed a deal with Google to connect artificial intelligence (AI) technology with its industrial data, both companies said…
Business
Parkway Life Reit acquires 11 nursing homes in France for 111.2 million euros
PARKWAY Life Real Estate Investment Trust (Parkway Life Reit) is acquiring 11 nursing homes in France for a total consideration of 111.2…
Business
Stripe confirms plans to acquire stablecoin platform Bridge
STRIPE co-founder and chief executive officer Patrick Collison confirmed in a X post on Monday (Oct 21) that the payments company plans to…