Business
UOB shares end 2.8% down 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 year-on-year decline in net profit…
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Business
Business
DBS shares soar more than 3% to hit a record high, after posting earnings that beat forecasts
Lender’s Q3 net profit is S$2.95 billion – higher than the S$2.79 billion estimated in survey Shares of DBS rocketed more than 3 per cent…
Business
DBS shares soar more than 3.8% to hit a record high, after posting earnings that beat forecasts
Lender’s Q3 net profit is S$2.95 billion – higher than the S$2.79 billion estimated in survey Shares of DBS rocketed more than 3 per cent…
Business
Pony AI, WeRide may fall in Hong Kong after duelling robotaxi listings
While much of that headway is being made domestically, the Chinese companies are standing up operations in places such as Dubai, Abu Dhabi…
Business
Lendlease Reit raises S$280 million in private placement
The manager of Lendlease Global Commercial Real Estate Investment Trust (Reit) on Thursday (Nov 6) announced the successful completion of…
Business
Stocks to watch: DBS, UOB, PropNex, LHN, Coliwoo, Lendlease Reit
The following companies saw new developments that may affect trading of their securities on Thursday (Nov 6): Source link
Business
Snap tops revenue estimate and unveils US$400 million deal with Perplexity AI, shares jump
SNAP beat third-quarter revenue estimate on Wednesday and said it has partnered with Perplexity AI to integrate its artificial…
Business
Stoneweg Europe Stapled Trust 9M distributable income falls 4.6% to 57.6 million euros
The distributable income of Stoneweg Europe Stapled Trust (Sert) declined 4.6 per cent to 57.6 million euros (S$86.5 million) for the nine…
Business
Investors Cheer Steve Madden’s Brightening Outlook
Steven Madden Ltd. CEO Edward Rosenfeld had great news about the shoe firm’s prospects, and investors cheered. Shares of Madden spiked…
Business
Thailand’s longer tenor bonds beckon global funds after rout
Investors still expect the BOT to cut rates even as the government recently upgraded the nation’s growth forecast Thailand’s longer tenor…
Business
UOB Q3 net profit tumbles to S$443 million as it shores up pre-emptive general allowances
UOB’s net profit for the third quarter ended Sep 30, 2025, fell as the lender “pre-emptively set aside” additional allowances. Net profit…
Business
S$1 billion jump in allowances slash UOB Q3 profit to S$443 million
Move made ‘amid evolving macroeconomic conditions’; operating results down 16% at S$1.8 billion UOB’s net profit for the third quarter…
Business
Qatar Airways sells entire Cathay Pacific stake for US$897 million
The Middle Eastern airline has pursued a strategy of investing in airlines worldwide to strengthen its competitive position State-owned…
Business
JPMorgan’s billionaire clients want sports teams more than fine art
Wealthy individuals buying sports teams outside the US include ammunition tycoon Michal Strnad JPMorgan Chase’s super-rich clients are…
Business
Eyes turn to space to feed power-hungry data centres
TECH firms are floating the idea of building data centres in space and tapping into the sun’s energy to meet out-of-this-world power…
Business
British stablecoin regime to keep pace with US, official says
The UK central bank will unveil its proposed regime on stablecoin regulations on Monday Bank of England (BOE) deputy governor Sarah…
Business
OpenAI seeks government backing to boost AI investments
CHATGPT creator OpenAI, the world’s largest private company, is asking the US government to provide loan guarantees for its massive…
Business
YZJ Financial right to spin off maritime assets
After birthing YZJ Maritime, YZJ Financial could move more aggressively in interesting new directions If you have ever mistaken Yanzijiang…
Business
DBS Q3 profit down 2% to S$2.95 billion; beats expectations
DBS’ net profit for the third quarter ended Sep 30, 2025, fell 2 per cent to S$2.95 billion, compared with S$3.03 billion from the…
Business
Apple nears deal to pay Google roughly US$1 billion a year for Siri AI model
Apple is planning to use a 1.2 trillion parameter artificial intelligence (AI) model developed by Alphabet Inc.’s Google to help power its…
Business
US: Wall Street ends higher as solid data, strong earnings offset valuation concerns
US stocks rebounded on Wednesday as jitters over inflated tech stock valuations abated and upbeat earnings and better-than-expected…
Business
Europe: Shares close higher with earnings in spotlight; tech stocks waver
EUROPEAN shares recovered towards the close to end higher on Wednesday, after falling earlier in the session when a selloff in technology…
Business
Hard Assets for Uncertain Times
During periods of economic uncertainty, investors often turn to tangible assets that offer stability beyond traditional markets. Hard…
Business
Community is the new capital: How Richard Giam is redefining business growth in Singapore
From helping at his parents' hawker stall to leading one of Singapore's fastest-growing networks of entrepreneurs, professionals, and…