Business
SP Group acquires Siemens’ 49% stake in Power Automation to become sole owner
SP Group announced on Friday (Aug 29) that it is now the sole owner of Power Automation after acquiring Siemens’ stake in the joint…
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Business
Business
Gold poised for monthly gain on soft dollar, US rate-cut hopes
GOLD prices were on track for a monthly rise on Friday after striking a more than one-month peak in the previous session, supported by an…
Business
GuocoLand falls by nearly 3% after reporting slump in H2 net profit to S$32.4 million
Shares of GuocoLand tumbled by close to 3 per cent on Friday (Aug 29) morning following the announcement of its net profit for the…
Business
Aims Apac Reit to acquire two industrial buildings in Aljunied for S$56.7 million
Aims Apac Reit is proposing to acquire an industrial property – comprising two buildings – in the Aljunied area for around S$56.7 million,…
Business
Stocks to watch: Olam, GuocoLand, Civmec, mm2 Asia, Aims Apac Reit, Shangri-La Asia
The following companies saw new developments that may affect trading of their securities on Friday (Aug 29): Olam: The food and…
Business
Shangri-La Asia H1 net profit down 38.7% at US$57.9 million amid higher revenue
The board declares an interim dividend of HK$0.05 per ordinary share, unchanged from H1 2024 Hotel group Shangri-La Asia posted a net…
Business
South Korean Central Bank Wants to Use CBDC to Pay $79.3B Worth of Gov’t Subsidies
The Governor of the South Korean Central Bank says Seoul is planning to use its Central Bank Digital Currency (CBDC) to pay over 110…
Business
Federal Reserve’s Waller sees rate cuts over next 3-6 months, starting in September
FEDERAL Reserve Governor Christopher Waller on Thursday stepped up his call for cutting short-term US borrowing costs, saying he would…
Business
Europe: Stoxx 600 closes lower; investors assess Pernod Ricard, Nvidia earnings
EUROPE’S Stoxx 600 closed lower on Thursday, dragged down by healthcare stocks, while investors assessed earnings from Pernod Ricard and…
Business
US: Stocks advance as Dow Jones, S&P 500 hit fresh records
Two of Wall Street’s major indexes closed on Thursday at record highs, buoyed by an upward revision to second-quarter US... Source link
Business
Toyota Keeps Rolling With Record July Sales as EV and Hybrid Demand Surges
This article first appeared on GuruFocus. Toyota (TM, Financials) just had another solid month and it's starting to feel like clockwork.…
Business
Trump Fires Top Transportation Official Overseeing Key Merger
President Trump has fired Surface Transportation Board member Robert Primus, a Democrat who he himself first appointed to the railroad…
Business
Reports: Germany's Rheinmetall considers acquiring yet another rival
The logo of the NVL shipyard belonging to the Luerssen Group. German defence giant Rheinmetall is reportedly looking into acquiring the…
Business
Confidence Trumps Wealth in Investment Decisions
Self-doubt can be paralyzing, especially when you’re surrounded by wealthy, successful people. For years, I struggled with this feeling…
Business
ChatGPT pulled teen into a 'dark and hopeless place' before he took his life, lawsuit against OpenAI alleges
Adam Raine, a California teenager, used ChatGPT to find answers about everything from his schoolwork to his interests in music, Brazilian…
Business
GuocoLand’s H2 net profit falls 48% as China losses offset Singapore growth
Property developer GuocoLand posted a 48 per cent drop in net profit to S$32.4 million for its half year ended Jun 30, from S$62.4 million…
Business
Meta's Superintelligence Lab Hit by Wave of Exits Within Months of its Launch
Just two months after CEO Mark Zuckerberg opened Meta's Superintelligence Lab, the new division is already facing serious growing pains.…
Business
US: Nasdaq opens slightly higher after Nvidia results
The tech-heavy Nasdaq index opened slightly higher on Thursday (Aug 28), as investors weighed the AI chip giant’s upbeat forecasts against…
Business
Key changes in Temasek’s leadership as it creates three new entities
In one of Temasek Holdings’ biggest overhauls since 1974, the Singapore investment company will form three wholly owned entities to…
Business
China gets closer to finding its own Nvidia
A NEW China-buys-China narrative is taking shape as Beijing steps up its tech rivalry with the US. The world’s second-largest economy not…
Business
Asian Stock Markets Slide as NVIDIA Faces China Setback and Meituan Shares Crash
Thursday was a mixed day on Asian stock markets as investors reacted to lackluster signals from U.S. chipmaker Nvidia. The MSCI…
Business
Deutsche Bank fined US$3 million by Hong Kong securities regulator
Deutsche Bank has been fined US$3.05 million over various breaches between 2015 and 2023, Hong Kong’s securities regulator said on…
Business
Mainland Chinese traders sell record amount of Hong Kong stocks
Investors in mainland China sold a record HK$20.4 billion (S$4.1 billion) worth of Hong Kong-listed stocks on Thursday (Aug 28), a sign…
Business
Didi posts Q2 loss of US$350 million on lawsuit provision
Revenue rose 10.9%, partly fuelled by growth in overseas business. Chinese ride-hailing giant Didi Global reported on Thursday (Aug 28) a…