Business
CapitaLand China Trust’s Q3 net property income down 8.5% at 273.5 million yuan
CapitaLand China Trust posted net property income (NPI) of 273.5 million yuan (S$50 million) for its third quarter ended Sep 30, down 8.5…
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Business
Business
Far East Hospitality Trust Q3 net property income declines 1% to S$25.9 million
The managers of FEHT maintain a moderate outlook for the stapled trust given the competitive environment Far East Hospitality Trust (FEHT)…
Business
US Fed chair candidate Rieder says Powell was more hawkish than expected
RICK Rieder, an asset manager on the short list of possible candidates to be the next chair of the Federal Reserve, said on Wednesday he…
Business
Keppel 9M net profit rises 5% despite accounting loss from proposed sale of M1’s telco business
Keppel has reported a 5 per cent increase in net profit for the first nine months of FY2025, despite an accounting loss from the proposed…
Business
Keppel vows to use part of cash unlocked in asset monetisation to reward shareholders
Global asset manager and operator Keppel on Thursday (Oct 30) said it will use part of the cash unlocked from its ongoing asset…
Business
Chinese financials’ earnings growth set to outpace wider market
Optimism on bank stocks is rising, as improved bottom lines bolster the chance for better returns for investors China’s financial sector…
Business
Great Eastern posts 36% higher Q3 net profit of S$372 million
Insurer Great Eastern on Thursday (Oct 30) posted a net profit of S$372 million for its third quarter ended September, 36 per cent up from…
Business
Great Eastern Q3 net profit up 36% at S$372 million amid higher new business embedded value
Growth is driven by robust results from shareholders’ fund segment, which rose 45% on the year for the nine months ended Sep 30 Insurer…
Business
Airbus profit climbs 14% on defence boost
EUROPEAN plane-maker Airbus said Wednesday its third-quarter net profit surged by 14 per cent to 1.1 billion euros (S$1.66 billion) on the…
Business
Starbucks sales rebound globally, coffee prices bite margins
Global prices for raw arabica beans are up more than 20% this year after soaring 70% in 2024 Starbucks posted on Wednesday (Oct 29) that…
Business
Microsoft cloud customers face widespread disruptions
MICROSOFT cloud customers experienced widespread service disruptions on Wednesday after the company said “inadvertent configuration…
Business
Microsoft‘s massive AI spending draws investor concerns as cloud business booms
MICROSOFT’S spending on artificial intelligence infrastructure soared to a record of nearly US$35 billion in the September quarter,…
Business
Meta forecasts bigger capital costs next year, US$16 billion tax charge guts Q3 profit
Meta forecast “notably larger” capital expenses next year, thanks to investments in AI, and recorded a nearly US$16 billion one-time…
Business
Alphabet hikes capex again after earnings beat on strong ad, cloud demand
STRONG AI demand helped power Alphabet‘s financial results, as both the core advertising and cloud computing businesses of the Google…
Business
Masayoshi Son becomes Japan’s richest with US$55 billion fortune
Uniqlo billionaire Tadashi Yanai has been at the top of the country’s ranking for most of the past decade, and continuously since April…
Business
US: Dow ends down, S&P 500 flat as Powell says December rate cut far from assured
The Dow ended lower and the S&P 500 finished flat on Wednesday after the Federal Reserve cut interest rates but Fed Chair Jerome Powell…
Business
Europe: Shares pause at highs after earnings
EUROPE’S Stoxx 600 was muted on Wednesday as investors awaited the US Federal Reserve’s rate decision later in the day, while parsing…
Business
US Fed cuts rates by 0.25%, Powell signals December move ‘far from’ certain
US Federal Reserve chair Jerome Powell cautioned investors against assuming the US central bank would follow its second straight…
Business
Oil settles higher on large drop in US stockpiles, trade optimism
Oil prices rose on Wednesday after data showed US crude and fuel inventories drew down more than expected last week, and as US President…
Business
Cameo sues OpenAI for trademark infringement
OpenAI, which faced a fierce blowback in Hollywood last month as images of celebrities and dead newsmakers were manipulated without…
Business
Michelle Miller and Dana Jacobson: CBS Fires Two More Hosts as It Cancels 28-Year-Old 'CBS Saturday Morning' as Mass Layoffs Continue
CBS News has fired two of its TV hosts following the cancellation of their Saturday morning show. Anchors Michelle Miller and Dana…
Business
Federal Reserve Cuts Interest Rates by 25 Basis Points on Concerns of a Struggling Job Market Rather Than Combating Inflation
The Federal Reserve slashed interest rates by a quarter point for the second consecutive meeting, showing that policymakers remain more…
Business
Building Trust in Digital Economies: Inside the Rise of Tradeit
Under30CEO had a chat with Jimi Gecelter, Co-founder of Tradeit, about transforming an in-game trading scenario that was risky and…
Business
Leading AI company to ban kids from long chats with its bots amid growing concern about the technology
Character.AI, a platform for creating and chatting with artificial intelligence chatbots, plans to start blocking minors from having…