Business
Even handicraft marketplace Etsy needs AI to compete, says CEO
THE web platform Etsy is famous for selling cutesy handmade arts and crafts, but even a company that relies on a cottage industry of…
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Business
Business
Siemens Energy boosts mid-term targets on infrastructure boom
SIEMENS Energy raised its mid-term targets after demand for its grid technologies helped offset losses at its beleaguered wind-turbine…
Business
Global EV sales up 35% in October, Europe ekes out a gain
GLOBAL sales of fully electric and plug-in hybrid vehicles rose 35 per cent in October from the same month last year, with growth across…
Business
Yoma’s H1 net loss deepens to US$11 million on forex headwinds
YOMA Strategic posted a net loss of US$11 million for the first half ended September 2024, widening from its US$2.5 million loss in the…
Business
Bumitama Agri’s Q3 net profit falls 31.6% to 597.9 billion rupiah
BUMITAMA Agri reported a net profit of 597.9 billion rupiah (S$51 million) for the third quarter ended Sep 30, down 31.6 per cent the year…
Business
White Sox Star Ace Likely To Be Traded; Dodgers, Red Sox, Orioles Suitors
Share ✓ Link copied to clipboard! If I could make one guarantee this winter, it would be that the Chicago White Sox will trade their ace,…
Business
Temasek Trust invests US$50 million in HSBC-held Tekoma Energy
TEMASEK Trust agreed to invest US$50 million in an HSBC Asset Management-owned Japanese solar energy company. ABC Impact, a unit of the…
Business
Singapore shares retreat at Wednesday’s open; STI down 0.7%
SINGAPORE shares began trading lower on Wednesday (Nov 13), extending global equity market declines overnight. As at 9.02 am, the Straits…
Business
Boeing, Airbus throw supplier lifeline ahead of takeover
BOEING and Airbus will provide more than US$450 million in financial assistance to help keep key supplier Spirit AeroSystems Holdings…
Business
Singtel’s H1 profit falls 42.4% to S$1.23 billion in absence of exceptional gain
SINGTEL’S net profit for the first half ended September fell 42.4 per cent year on year to S$1.23 billion from S$2.14 billion. This was in…
Business
Singtel’s interim dividend up 35%, H1 profit falls 42.4% to S$1.23 billion in absence of exceptional gain
Soft enterprise demand is expected to improve in the coming months, and data centre customers are paying reservation fees to secure…
Business
US asks to seize crypto tied to Sam Bankman-Fried bribery charge
THE US is not through trying to seize cryptocurrency tied to Sam Bankman-Fried a year after he was convicted of masterminding a massive…
Business
US companies storm debt markets after risk premiums plunge
COMPANIES of all stripes are diving into the debt market on Tuesday (Nov 12), taking advantage of robust demand and relatively favourable…
Business
Volkswagen boosts bet on Rivian’s EV technology by US$800 Million
VOLKSWAGEN (VW) and Rivian Automotive named leaders for their multi-billion US dollar joint venture (JV) and showcased a prototype…
Business
Man Group plans job cuts as it reviews budget, talent needs
MAN Group is planning a round of job cuts as the world’s biggest publicly traded hedge fund firm reviews its staffing needs. Chief…
Business
CapitaLand Ascott Trust’s divestments could help it buffer against higher-for-longer interest rate scenario
It should seize opportunities available in market, as long as exit yields remain favourable THE managers of CapitaLand Ascott Trust (Clas)…
Business
Running Down 4 Most Likely Landing Spots For New York Mets' Pete Alonso
New York Mets slugger Pete Alonso is now an unrestricted free agent after slugging 226 home runs in six years with the Mets. Alonso is…
Business
Keppel Reit prices A$50 million floating rate green notes due 2027
The net proceeds, after deducting issue expenses, will be fully used towards refinancing projects that meet its green financing framework…
Business
IReit Global reports 89.6% portfolio occupancy for Q3, weighed down by Spanish portfolio
EUROPE-FOCUSED real estate investment trust IReit Global on Tuesday (Nov 12) announced a portfolio occupancy of 89.6 per cent for its…
Business
Quarz pares stake in Sabana Reit as Volare adds
The transaction increases Volare’s deemed interest in the trust to 19.79% from 17.79% SWISS group Volare has scooped up the 22.5 million…
Business
Shopify delivers upbeat holiday forecast as AI draws customers, shares surge
SHOPIFY forecast fourth-quarter revenue growth above estimates on Tuesday (Nov 12), as the Canadian company’s focus on employing…
Business
US dollar roars with Bitcoin as Trump trades shine; euro and yuan slump
THE US dollar rose to a four-month peak versus major peers on Tuesday (Nov 12), while Bitcoin extended its record rally as investors…
Business
Sea stays above water, posts US$153.3 million Q3 profit
The company beat estimates from a Bloomberg poll of 13 analysts, which projected a net profit of US$128.6 million GAMING and e-commerce…
Business
Bukit Sembawang reports surge in H1 FY2025 earnings to S$62.9 million
PROPERTY developer Bukit Sembawang reported a 149 per cent surge in H1 FY2025 ended Sept 30 earnings to S$62.9 million from S$25.2 million…