Business
Shell profit beats estimates as oil and gas trading recovers
The company keeps quarterly US$3.5 billion buybacks, supported by robust operating cash flow Shell’s profit was better than expected in…
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Business
Business
Prudential Q3 new business profit rises 14% to US$705 million; regional CEO leaves
Prudential on Thursday (Oct 30) posted a 13 per cent year-on-year rise in “new business profit” (NBP) for its third quarter ended Sep 30.…
Business
Tech giants test investors’ patience with AI spending spree
Alphabet, Meta Platforms and Microsoft, together have racked up some US$78 billion in capital expenditures last quarter The largest…
Business
Asian markets to expect short-term pressure from Fed rate cut: analysts
Asia markets are likely to face short-term pressure from the US Federal Reserve’s latest interest rate cuts, but expectations are already…
Business
Mapletree Industrial Trust to divest up to S$600 million of assets over next two years
The manager of Mapletree Industrial Trust (MIT) plans to divest between S$500 million and S$600 million worth of assets over the next two…
Business
Nomura expects no more Fed rate cuts in 2025 after October easing
NOMURA said it now expects the US Federal Reserve to keep interest rates unchanged at its December policy meeting, following the central…
Business
Lim Boon Heng expected to retire as NTUC chairman as soon as this week: Bloomberg
Former Cabinet minister Lim Boon Heng is expected to retire from his role as chairman of NTUC Enterprise Co-operative, the parent of…
Business
Lim Boon Heng expected to retire as NTUC Enterprise chairman as soon as this week: Bloomberg
Former Cabinet minister Lim Boon Heng is expected to retire from his role as chairman of NTUC Enterprise Co-operative, the parent of…
Business
Lim Boon Heng retires as NTUC Enterprise chairman at EGM; Tan Hee Teck to take over
SINGAPORE – Former Cabinet minister Lim Boon Heng has retired from his role as chairman of NTUC Enterprise Co-operative, the parent of…
Business
Asia: Stocks muted with all eyes on Trump-Xi meeting
ASIAN stocks were subdued on Thursday morning, with investors closely watching talks between the leaders of the United States and China…
Business
China stocks climb to 10-year peak as Trump-Xi meeting begins
CHINESE shares climbed to a decade high on Thursday as US President Donald Trump and Chinese President Xi Jinping began a high-stakes…
Business
China stocks retreat from decade high as Trump-Xi trade deal yields few surprises
Investors cheer easing US-China tensions but stay cautious, wary a final deal may disappoint Chinese shares pulled back from a decade high…
Business
Apollo looks to bring private capital to growth tech firms
The alternative asset manager has also been tapping into the startup economy more through its partnership with Cadma Capital Apollo Global…
Business
Apac private credit to reach US$92 billion in 2027 on wealth boom
The growth of Asia Pacific’s private markets comes against the broader backdrop of mounting headwind The Asia-Pacific private credit…
Business
Gold ticks up on US dollar retreat, Fed rate cut
Focus now shifts to US President Trump’s meeting with Chinese leader Xi Jinping in South Korea later in the day Gold prices edged higher…
Business
Tokyo: Nikkei rises to record high before BOJ decision, JGB yield climb
Japan’s Nikkei share average rose to a record high on Thursday, shaking off early weakness, as investors awaited the Bank of Japan’s…
Business
Indonesian bonds seen extending rally on rate-cut expectations
Indonesian bonds have room to rally further, according to strategists, on expectations of further interest-rate cuts by the central bank.…
Business
Bank of Japan seen keeping rates on hold, yen pressure looms
The Bank of Japan is widely expected to keep interest rates steady on Thursday, but reiterate its resolve to continue pushing up still-low…
Business
Vietnam equity outflows ease on currency rebound, growth hopes
Foreign outflows from Vietnam stocks are easing, helped by renewed strength in the country’s currency and lower valuations. Global funds…
Business
Samsung’s chip profit soars after AI fuels demand for memory
The spending spree is spilling over into demand for conventional memory products, where the chipmaker dominates Samsung Electronics’…
Business
UK energy watchdog plans to tackle £4.4 billion consumer debts
Britain’s energy regulator Ofgem announced plans on Thursday to tackle £4.4 billion (S$7.5 billion) of debts built up by customers, which…
Business
CDL Hospitality Trusts Q3 NPI falls 5.6% to S$34.3 million
Net property income (NPI) for CDL Hospitality Trusts (CDLHT) fell 5.6 per cent to S$34.3 million for the third quarter ended Sep 30, from…
Business
Hong Kong central bank cuts interest rate, tracking Fed move
Hong Kong’s de-facto central bank on Thursday lowered its base interest rate by 25 basis points to 4.25 per cent, tracking a cut by the US…
Business
Stocks to watch: Keppel, Great Eastern, MIT, Hong Leong Asia, CLCT, Starhill Global Reit
The following companies saw new developments that may affect trading of their securities on Thursday (Oct 30): Keppel: Keppel reported a 5…