Business
US: Wall Street slips amid earnings deluge, rising Treasury yields
Wall Street opened lower on Tuesday (Oct 29) as investors assessed a host of corporate results and looked ahead to Google-parent…
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Business
Business
Mapletree Industrial Trust DPU up 1.5% to S$0.0337, with higher occupancy and rents
MAPLETREE Industrial Trust (MIT) reported a distribution per unit (DPU) of S$0.0337 for the second fiscal quarter ended Sep 30, 2024, up…
Business
Starhill Global Reit posts 1.4% rise in Q1 NPI to S$37.9 million
STARHILL Global Reit reported a 1.4 per cent rise in its net property income (NPI) to S$37.9 million for its first fiscal quarter ended…
Business
PayPal forecasts Q4 revenue below estimates as profit push puts growth behind
PAYPAL forecast fourth-quarter revenue below estimates on Tuesday (Oct 29) as the digital payments company shifts its focus to…
Business
Australia’s CBA sells another 10% stake in Vietnam’s VIB
COMMONWEALTH Bank of Australia (CBA) has sold a 10 per cent stake in Vietnam International Commercial Joint Stock Bank (VIB) it said on…
Business
PetroChina profits fall on weaker oil and economic slowdown
Cumulative losses for the nation’s fuel-makers total 32 billion yuan this year till September, amid a downturn in the nation’s property…
Business
China’s Citic Securities Q3 profit rises 21.9%
CITIC Securities, China’s biggest brokerage, reported a 21.9 per cent rise in third-quarter profit on Tuesday (Oct 29), driven by growing…
Business
Adidas reports strongest China sales since early 2022
ADIDAS saw strong underlying growth in Greater China in the third quarter, while sales in North America excluding the Yeezy collection…
Business
Japanese brokerage Daiwa’s Q2 profit jumps 80% on Aozora stake
It also posts a rise in non-operating income of 21.6 billion yen in the quarter due to Aozora being an equity-method affiliate JAPAN’S…
Business
Singapore digital economy shrank 2.3% in 2023; efforts to help SMEs adopt generative AI underway: IMDA
SINGAPORE’S digital economy shrank 2.3 per cent in nominal terms to account for S$113.2 billion of the nation’s gross domestic product in…
Business
Founder of TikTok owner ByteDance jumps to top of China’s rich list
BYTEDANCE founder Zhang Yiming is China’s richest person, with personal wealth of US$49.3 billion, an annual rich list showed on Tuesday…
Business
HSBC to buy back US$3 billion shares as profit beats estimates
HSBC Holdings announced a fresh multi-billion US dollar stock buyback as it reported better-than-estimated earnings days after unveiling a…
Business
NYT "Connections" October 29: Clues and answers for game #506
Wordle isn't the only addictive word game out there, as Connections is on the rise, too. The grouping word game was introduced last year,…
Business
Australia’s Myer to buy rival Premier’s apparel business in A$864 million deal
AUSTRALIAN department store owner Myer will buy retail billionaire Solomon Lew’s Premier Investments’ apparel brands business, in a deal…
Business
Nippon Paint shares jump most in 24 years on US$2.3 billion deal
SHARES of Nippon Paint surged following its announcement of a deal to acquire a US-based chemicals formulator. The stock price for the…
Business
Singapore shares open almost flat on Tuesday; STI up 0.02%
SINGAPORE shares opened almost flat on Tuesday (Oct 29), after US and Europe’s indices rose overnight. As at 9.01 am, the Straits Times…
Business
Pete Davidson reveals major body modification update
Share ✓ Link copied to clipboard! Entertainment gossip and news from Newsweek's network of contributors When Pete Davidson said he was…
Business
M1 to acquire 70% stake in Vietnamese IT solutions provider for 719.9 billion dong
MOBILE network operator M1 is acquiring a 70 per cent stake in Vietnam-based IT solutions provider, ADG National Investment and Technology…
Business
Sequoia to rake in more than US$100 million from crypto acquisition
VENTURE capital (VC) firms are set to make hundreds of millions of US dollars from Stripe’s acquisition of crypto platform Bridge for…
Business
Ford weakens profit outlook amid price war, shares fall
FORD Motor said on Monday it expects to hit the lower end of its full-year profit guidance, dropping the company’s shares 5 per cent in…
Business
Map shows US metro areas with highest inflation
With the election day just over a week away, and early voting now well underway, inflation and the economy have consistently featured in…
Business
Nanofilm Q3 revenue rises 10% to S$60 million on consumer business segment contributions
NANOFILM Technologies posted a 10 per cent rise in revenue to S$60 million for its third quarter ended Sep 30, 2024, from S$55 million in…
Business
European banks to extend dealing with Indian clearing houses
This comes after a dispute between Indian and European regulators, which risks disrupting billions of rupees of trading if unresolved…
Business
Sinopec profits slump as oil refining suffers from weak economy
SINOPEC’s third-quarter profits contracted as China’s biggest oil refiner increasingly finds itself under pressure from the nation’s…