Business
IBM falls most in 15 months on tepid software sales
SHARES of International Business Machines declined the most since April 2024 after the company reported weaker-than-expected sales in its…
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Business
Business
Keppel DC Reit posts 12.8% rise in H1 DPU to S$0.05133
Keppel DC Reit posted a 12.8 per cent increase in distribution per unit (DPU) to S$0.05133 for its first half of the financial year ended…
Business
Markets bet Beijing is getting serious about China’s overcapacity
Commodity prices from steel to polysilicon have surged this month as Chinese investors bet Beijing is finally serious about addressing…
Business
Intel says revenue rose as it cut ranks
Intel on Thursday posted quarterly revenue that topped market expectations, saying it has cut about 15 per cent of its workforce to be…
Business
First half net profit plunges 22% at French luxury group LVMH
French luxury group LVMH saw net profit plummet 22 per cent in the first half of 2025, the company announced on Thursday, blaming the…
Business
Trump, Fed chief Powell bicker during tense central bank visit
Donald Trump and US Federal Reserve chairman Jerome Powell appeared together for a tense meeting on Thursday as the president toured the…
Business
Europe: Shares close higher after ECB leaves rates unchanged
EUROPEAN stocks closed higher on Thursday after the European Central Bank held interest rates steady as expected, while investors cheered…
Business
US: S&P 500, Nasdaq hit new records despite big Tesla drop
The S&P 500 and Nasdaq edged up to fresh records on Thursday while the Dow retreated following a mixed round of corporate earnings that…
Business
GIC posts 3.8% 20-year annualised real rate of return; expects returns ahead will be more volatile
Sovereign wealth fund GIC reported an annualised rolling 20-year real rate of return of 3.8 per cent for its latest period ended Mar 31,…
Business
GIC to expand AI use after initial trials to review deals yield positive results
Artificial intelligence (AI) will have a foundational impact on the world, and offers unparalleled opportunities for investments and…
Business
‘Pressing need’ for investments in energy infrastructure: GIC
Sovereign wealth fund GIC sees a “pressing need” for investments in grid infrastructure and power equipment supply chains, as it bets on…
Business
Torrent Power Chases $1 Billion Thermal Jackpot from L&T
Torrent Power is reportedly in discussions to acquire Larsen & Toubro's (LTOUF) thermal power business in a potential $1 billion deal,…
Business
Asian Markets Rise on Trade Optimism and Strong US Earnings
Markets across Asia rose on Thursday as optimism from Wall Street and the promise of more U.S. trade deals fueled trading. The MSCI…
Business
Nvidia AI chips worth US$1 billion entered China despite US curbs: FT
Nvidia’s advanced artificial intelligence chips worth at least US$1 billion were smuggled to China in the three months after Washington…
Business
US: S&P 500, Nasdaq open higher
The S&P 500 and the Nasdaq opened higher on Thursday as investors assessed tech earnings and monitored trade negotiations, while losses in…
Business
Sri Lanka orders Singapore shipowner to pay US$1 billion over marine disaster
The shipping firm initially paid US$7.85 million for the immediate cleanup and as compensation for fishermen who were deprived of their…
Business
ECB leaves interest rates unchanged amid tariff uncertainty
The European Central Bank left its main interest rate unchanged at 2 per cent as expected on Thursday (Jul 24), taking a break after a…
Business
ECB keeps rates steady as it awaits clarity over trade
The European Central Bank left interest rates unchanged on Thursday (Jul 24) after cutting eight times in a year, biding its time while…
Business
Lactalis exits Canada plant-based drinks with factory closure
Lactalis has decided to close its plant-based drinks site in Canada. The closure of the facility in Sudbury in Ontario will take effect on…
Business
Increasing affluence continues to fuel housing demand and prices, but economic uncertainty could test market: Knight Frank
Interest rate cuts, growing affluence and low unemployment rates spell good news for Singapore’s private residential market, but a…
Business
Rising affluence, rate cuts fuelling housing market, but economic uncertainty is a wild card: Knight Frank
Interest rate cuts, growing affluence and low unemployment rates spell good news for Singapore’s private residential market, but a…
Business
Suntec Reit posts 3.7% rise in H1 DPU to S$0.03155
The manager of Suntec Real Estate Investment Trust (Reit) on Thursday (Jul 24) posted a distribution per unit (DPU) of S$0.03155 for the…
Business
Singapore shares continue to rise, tracking regional indices; STI up 1%
The Straits Times Index (STI) closed higher on Thursday (Jul 24), tracking regional indices. The STI ended 1 per cent or 41.77 points up…
Business
UK firms struggle to grow as BOE rate decision approaches
The S&P Global UK Composite Purchasing Managers’ Index (PMI) slowed to 51.0 points from 52.0 in June British business activity grew only…