Business
Chinese battery maker CATL reports faster profit growth in second quarter
Chinese electric vehicle (EV) battery giant Contemporary Amperex Technology Co Limited’s (CATL) net profit growth picked up in the second…
Section
Business
Business
Airbus first-half profit climbs 85% to US$1.7 billion
European aerospace group Airbus posted an 85-per cent rise in first-half profit Wednesday to US$1.7 billion, even though it delivered…
Business
Meta beats expectations sending share price soaring
Meta reported robust second-quarter financial results on Wednesday, with revenue jumping 22 per cent year-over-year to US$47.5 billion as…
Business
Robinhood tops profit expectations as trading frenzy sweeps across asset classes
Robinhood Markets exceeded second-quarter profit estimates on Wednesday (Jul 30), driven by a massive surge in volumes as investors traded…
Business
Microsoft cloud sales beat expectations amid record AI spending
The company’s largest rivals in cloud services, Amazon.com and Alphabet, have also announced massive expansion plans. Microsoft reported…
Business
Europe: Shares close flat as investors weigh US tariff impact on earnings
EUROPEAN shares closed flat on Wednesday as investors weighed the impact of tariffs on corporate earnings after big companies including…
Business
US: Stocks mostly fall as Fed avoids dovish shift
Wall Street stocks finished mostly lower on Wednesday after the Federal Reserve kept interest rates flat and refrained from signaling it…
Business
eBay gains after projecting strong sales on resilient consumers
eBay shares jumped about 10 per cent after the company projected sales that topped analysts’ estimates, suggesting optimism for continued…
Business
Adidas Relies on ‘Brand Heat’ in Lifestyle Footwear for Future Growth
Adidas CEO Bjørn Gulden knows what it takes to grow the German sportswear brand, and that’s leading with footwear. “We create brand heat…
Business
Local startup MetaOptics Technologies lodges preliminary prospectus for Catalist IPO
MetaOptics Technologies, a Singapore-headquartered semiconductor optics startup, on Wednesday (Jul 30) lodged its preliminary prospectus…
Business
US: Wall St opens higher as investors digest GDP data; Fed verdict awaited
Wall Street’s main indexes opened higher on Wednesday (Jul 30) as investors assessed better-than-expected GDP data, and awaited the…
Business
OpenAI's Powerful GPT-5 Model May Launch Next Week, Promises Major Upgrades
OpenAI is likely to unveil its highly anticipated GPT-5 model as early as next week. The new model is expected to bring major improvements…
Business
MrBeast Becomes First YouTuber to Hit 400 Million Subscribers, Gets Custom Play Button
Jimmy Donaldson, widely known as MrBeast, has reached a historic milestone by becoming the first individual YouTuber to surpass 400…
Business
Cameroon cocoa boom raises deforestation fears
Cameroon is emerging as a new frontier for cocoa production, raising concerns about cocoa-driven deforestation, according to…
Business
PropertyGuru says business has logged double-digit per cent growth in a year
Lewis Ng, who took over as chief executive at PropertyGuru in March, has had a busy four months. But he is back on familiar ground, having…
Business
Jardine C&C reports 23% fall in H1 earnings to US$371 million on unrealised fair value losses
Jardine Cycle & Carriage (JC&C) on Wednesday (Jul 30) reported a 23 per cent decline in earnings to S$371.1 million for the first half of…
Business
Mapletree Logistics Trust to divest South Korean property for S$7.4 million
The proposed divestment is in line with its manager’s drive to rejuvenate its portfolio by letting go of assets no longer aligned with its…
Business
MPACT Q1 DPU falls 3.8% to S$0.0201 on lower contributions, divestment of Mapletree Anson
The manager of Mapletree Pan Asia Commercial Trust (MPACT) on Wednesday (Jul 30) reported a 3.8 per cent fall in distribution per unit…
Business
CapitaLand India Trust posts higher H1 DPU as NPI rises 10% to S$113.6 million
Capitaland India Trust (Clint) on Wednesday (Jul 30) posted a higher net property income (NPI) of S$113.6 million for the six months ended…
Business
What is Chat GPT's Study Mode? OpenAI Launches New Feature to Help Students in Improving Critical Thinking Skills
OpenAI launched a new feature in ChatGPT, Study Mode. It is designed to support teachers in nurturing critical thinking skills and to…
Business
Asian Markets Struggle as US-China Trade Talks End without Breakthrough
Asian stock markets saw little movement on Wednesday, as trade talks between the United States and China concluded without significant…
Business
Sheng Siong H1 net profit rises 3.5% to S$72.3 million on improved sales mix
Supermarket operator Sheng Siong reported a 3.5 per cent increase in H1 2025 net profit to S$72.3 million, from S$69.9 million in H1 2024…
Business
SingPost board should speed up resetting directions
Shareholders of postal service provider Singapore Post (SingPost) could understandably be frustrated and disappointed that the annual…
Business
Singapore shares down for fourth session; STI dips 0.2%
Local stocks slipped for the fourth straight session on Wednesday (Jul 30), logging their longest losing streak in five weeks, as…