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…
Section
Business
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…
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…
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…