Business
Australia’s NAB CEO says housing is greatest societal challenge as bank books A$7.09 billion profit
NAB and the rest of Australia’s ‘Big Four’ banks rely heavily on the strength of the housing market National Australia Bank (NAB) chief…
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Business
Business
Endowus to offer Avanda’s Singapore equity strategy on its platform
The strategy focuses on small and mid-cap opportunities, supporting MAS’ funding initiative Singapore-based wealth adviser Endowus will…
Business
KKR, Singtel seek to fully own Singapore data centre firm in US$3.9 billion deal
KKR & Co and Singapore Telecommunications are in advanced talks to buy more than 80 per cent of ST Telemedia Global Data Centres – which…
Business
Zalando Q3 Revenues Rise Rapidly on Back of About You Purchase
Revenues at Zalando, one of Europe’s largest online fashion retailing platforms, rose 26.5 percent over the third quarter and totaled 3.02…
Business
Malaysia's central bank holds key rate at 2.75%, as expected
Malaysia’s central bank held its benchmark interest rate steady at its final policy review of the year on Thursday (Nov 6), as expected by…
Business
Malaysia holds key rate as economy proves resilient to tariffs
MALAYSIA kept interest rates unchanged as the central bank remained confident that the economy can weather US tariffs without the rate…
Business
Commerzbank profit falls 7.9% in Q3, defying expectations for increase
Germany’s Commerzbank, fending off a possible takeover by Italy’s UniCredit, said on Thursday (Nov 6) that net profit fell 7.9 per cent in…
Business
Commerzbank Q3 profit unexpectedly falls 8% as higher tax rates, costs weigh
Germany’s Commerzbank, fending off a possible takeover by Italy’s UniCredit, reported an unexpected 7.9 per cent drop in third-quarter net…
Business
Clip of fire on Malaysian light rail generated with AI help
There have been no fires on the light rail transit (LRT) system in Malaysia's capital Kuala Lumpur in November, its operator said,…
Business
DBS general allowance ‘more than adequate’: CEO Tan Su Shan
The bank’s total allowance stood at S$6.4 billion, comprising S$4.1 billion in general allowances and S$2.4 billion in specific…
Business
DBS banks on deposit growth to keep income stable in 2026 as interest rates fall
CEO Tan Su Shan sees opportunities within the equities capital markets and debt capital markets, as corporates return to these segments…
Business
Japan’s trading houses brace for more pain from China steel glut
The industrial metal is trading significantly above the US$9,900 per tonne that Marubeni is forecasting as its average for the next six…
Business
Apollo, KB Securities team up to expand private credit in South Korea
The South Korean firm says that it plans to expand its global private credit footprint and enhance its capabilities in deal sourcing,…
Business
SoftBank said to have weighed potential takeover of Marvell
The Japanese conglomerate’s push into the space has gone beyond pure mergers and acquisitions. SoftBank Group explored a potential…
Business
China’s robotaxi firms Pony.AI and WeRide sink on Hong Kong debut
SHARES in Chinese self-driving start-ups Pony.AI and WeRide tumbled on their Hong Kong debuts on Thursday, after raising more than US$1.1…
Business
Asia: Markets bounce from selloff as US jobs beat forecasts
ASIAN markets rose on Thursday to claw back some of the previous day’s hefty losses as investors tracked a bounce on Wall Street sparked…
Business
UOB’s nearly S$1 billion in extra allowances akin to ‘buying insurance’: CEO Wee Ee Cheong
UOB’s decision to increase allowances by almost S$1 billion – which led net profit to tumble by more than two thirds – for the latest…
Business
Gold edges lower as US jobs data dents rate-cut expectations
Bullion hit a record high of US$4,381.21 on Oct 20, but it has fallen close to 10% since Gold dipped on Thursday (Nov 6) after…
Business
Nissan sells Yokohama headquarters for 97 billion yen as part of restructuring
Nissan Motor said on Thursday it has concluded a 97 billion yen (S$840 million) trust beneficiary rights transfer agreement to sell and…
Business
Nexperia says it halted supply after China unit refused to pay
Nexperia said that it suspended supplies to its China factory because the local unit refused to make payments, laying bare the internal…
Business
Coliwoo opens at S$0.615, 2.5% above IPO price
Co-living business Coliwoo opened at S$0.615 on its listing debut on Thursday (Nov 6) on the Singapore Exchange, about 2.5 per cent above…
Business
Coliwoo closes at S$0.585 on first trading day, 2.5% below IPO price
Co-living business Coliwoo opened at S$0.615 on its listing debut on Thursday (Nov 6) on the Singapore Exchange, about 2.5 per cent above…
Business
UOB shares plunge as much as 4.6% after Q3 profit tumbles
Shares of UOB plunged as much as about 4.6 per cent on Thursday (Nov 6) after it reported a 72 per cent drop in net profit. The counter…
Business
UOB shares plunge as much as 4.6% after Q3 profit tumble
Shares of UOB plunged as much as about 4.6 per cent on Thursday (Nov 6) after it reported a 72 per cent drop in net profit. The counter…