Business
Whirlpool reaffirms forecast despite pre-election sales slump
WHIRLPOOL, the owner of Maytag, rose in late trading on Wednesday (Oct 23) after reporting better than expected earnings, and reaffirming…
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Business
Business
Walmart agrees to pay $7.5 million to resolve hazardous waste charges
Walmart has agreed to pay $7.5 million to resolve a lawsuit brought by California officials accusing the company of illegally disposing of…
Business
IBM posts soft revenue growth as consulting woes continue
INTERNATIONAL Business Machines (IBM) reported underwhelming sales as the company grapples with a slowdown in consulting demand. Sales…
Business
Ennoconn Corp garners 63.77% of NeraTel shares at offer close
This comes after Ennoconn had in September agreed to buy 53.38% of the mainboard-listed company A MANDATORY unconditional cash offer by…
Business
US: Wall St dips at the open as yields rise, earnings weigh
Wall Street’s main indexes opened lower on Wednesday (Oct 23), pressured by rising Treasury yields and as investors focused on earnings…
Business
Boeing faces $6 billion loss as striking workers' vote looms
Boeing is bracing for a challenging week while it faces a potential $6 billion third quarter loss, the introduction of a new CEO, and a…
Business
Owner checks on dog on petcam—can't believe what she's guarding
A dog owner from Norway checked on her dog through the pet cam while away for the afternoon, and could not believe what she found her pup…
Business
OUE Reit Q3 net property income drops 3.7% to S$60.3 million
OUE Real Estate Investment Trust (Reit) reported a 3.7 per cent dip in net property income in the third quarter to S$60.3 million, from…
Business
TSMC cuts off client after discovering chips diverted to Huawei
TAIWAN Semiconductor Manufacturing Co (TSMC) discovered this month that chips it made for a specific customer ended up with Huawei…
Business
Boeing CEO presses turnaround as loss balloons to US$6 billion
BOEING CEO Kelly Ortberg laid out a turnaround plan on Wednesday (Oct 23), calling for a “fundamental culture change” at the struggling…
Business
Singapore court orders trader to pay investor S$4.7 million after forex trade goes south
THE Singapore High Court has on Wednesday (Oct 23) ordered forex trader Leong Kai Rui to return S$4.7 million to investor Oan Chim Seng…
Business
Stamford Tyres founder Wee Kok Wah dies at 78
He helmed the company for more than 50 years, growing it from a family-run business to a multinational firm operating in 11 countries…
Business
Hengrui Pharmaceuticals is said to weigh second listing in Hong Kong
JIANGSU Hengrui Pharmaceuticals is considering a second listing in Hong Kong that could happen as soon as next year, according to people…
Business
ADIA to invest US$750 million in debt of India’s GMR Group
ABU Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund, will invest about US$750 million in the debt of India’s…
Business
Heineken third-quarter beer volumes hit by weak Americas
HEINEKEN reported worse-than-expected beer volumes due to declines in the Americas and Asia-Pacific as consumers failed to ramp up…
Business
Ascott China forms JV with Jin Jiang Hotels to grow apartment hotel brands in China
THE China business segment of Ascott has entered into a joint venture (JV) with Jin Jiang Hotels to expand their respective apartment…
Business
Australia’s Qantas hits record high as Jefferies lifts price target
SHARES of Qantas Airways hit an all-time high on Wednesday (Oct 23) after Jefferies analysts hiked their price target on Australia’s flag…
Business
HSBC revamp by new CEO Georges Elhedery stumps staffers, investors alike
HSBC Holdings’ new chief executive officer just unveiled the biggest overhaul of the company in at least a decade, but it was missing some…
Business
Stocks to watch: Mapletree Logistics Trust, CapitaLand Ascott Trust, Keppel Infrastructure Trust, Parkway Life Reit
THE following companies saw new developments that may affect trading of their securities on Wednesday (Oct 23): Mapletree Logistics Trust…
Business
US banks brace for open banking era of consumer data sharing
US BANKS will now have to give customers access to their financial data after the top consumer watchdog finalised a long-awaited rule…
Business
McDonald’s linked to dozens of food poisonings, one death in US
ONE person has died and dozens have fallen sick following a severe E. coli outbreak linked to McDonald’s Quarter Pounder hamburgers, the…
Business
Woman at NY casting told she's too short to be a model—Here's what she said
Standing at just 5 feet and 3 inches, Alysha Hemani wants to defy the conventional expectations of the ever-exclusive modeling industry.…
Business
Amazon sets ultra-low pricing plans for Temu rival store: The Information
AMAZON.COM is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce…
Business
BOE’s Bailey says tools need to improve to surveil non-banks
THE Bank of England needs to improve the ways it is able to track developments in the non-banking system, which is less transparent…