Business
P&G misses quarterly sales estimates on weakening demand in US, China
PROCTER & Gamble missed Wall Street expectations for first-quarter sales on Friday (Oct 18), as consumers in its major markets, the US and…
Section
Business
Business
Fuji Soft board supports KKR buyout offer: Nikkei
THE board of Japan’s Fuji Soft has decided to stick with a 558.4 billion yen (S$4.9 billion) buyout offer from KKR, the Nikkei newspaper…
Business
Dog takes "calming treat" but they work a little too well
A woman gave her dog a calming treat, but it worked a little too well—sending internet users into hysterics as the video racked up…
Business
China approves BNP Paribas, Prudential insurance ventures
CHINA has approved separate insurance units to be set up by BNP Paribas and Prudential Financial, a regulator said on Friday (Oct 18), as…
Business
Big Nomura clients halt trades with firm over manipulation case
SOME of Japan’s largest financial institutions have halted trading securities with Nomura Holdings as the fallout from its market…
Business
China central bank chief flags more interest rate cuts
CHINA’S central bank governor said on Friday (Oct 18) the reserve requirement ratio for commercial lenders could be cut further by 25 to…
Business
Asia: Markets swing as China economic growth slows
ASIAN markets fluctuated on Friday (Oct 18) after China posted its weakest economic growth in a year and a half, as gold prices hit a…
Business
China’s mega banks trim deposit rates as stimulus hits profits
CHINA’S largest state-owned lenders have cut their deposit rates on Friday (Oct 18), their second reduction this year as they rushed to…
Business
Singapore shares open higher on Friday; STI up 0.1%
SINGAPORE shares started trading in positive territory on Friday (Oct 18), mirroring overnight gains in the Europe market. As at 9.01 am,…
Business
Keppel DC Reit Q3 DPU up 0.4% at S$0.02501
KEPPEL DC Reit posted a distribution per unit (DPU) of S$0.02501 for the third quarter ended Sep 30, up 0.4 per cent from S$0.02492 in the…
Business
Sam Altman’s rebranded Worldcoin ramps up iris-scanning crypto project
WORLDCOIN, a cryptocurrency project founded by OpenAI CEO Sam Altman, said on Thursday (Oct 17) it was rebranding to World Network and was…
Business
Blackstone tops profit estimate as its assets hit record, dealmaking picks up
BLACKSTONE beat Wall Street’s expectations on its key quarterly earnings metric on Thursday (Oct 17), as the world’s largest alternative…
Business
Ray-Ban maker EssilorLuxottica misses sales expectations as China slows
FRANCO-ITALIAN eyewear maker EssilorLuxottica, opens new tab missed third-quarter revenue expectations on Thursday (Oct 17), dented by a…
Business
Oil prices edge higher on US crude stockpiles draw
OIL prices inched up on Thursday (Oct 17), bouncing back from two-week lows, after data showed falling crude and fuel inventories in the…
Business
Does your dog perform a "contentment ceremony" after food?
A viral video of a dachshund joyfully rolling on a blanket after eating has sparked discussion among veterinarians who weighed in on the…
Business
FLCT to acquire Tuas logistics facility for S$140.3 million
Trust’s portfolio of logistics and industrial assets will increase from 70.9% to 71.5% after the acquisition is completed FRASERS…
Business
UOB Kay Hian cleared to resume IPO and RTO activities following moratorium lift
SINGAPORE Exchange Regulation (SGX RegCo) has lifted a moratorium on UOB Kay Hian (UOBKH) with immediate effect. This allows the brokerage…
Business
Blackstone’s credit arm is now its top business, fuelling profits
BLACKSTONE posted an increase in third-quarter profit as its credit arm was boosted by an influx of investor cash and became its biggest…
Business
Export growth lifts investor sentiment; STI up 1%
SINGAPORE shares ended higher on Thursday (Oct 17) after the release of September’s export data. The benchmark Straits Times Index (STI)…
Business
🤑 Is financial freedom just about getting rich quick and retiring early? Here’s what we think
🧮 Numbers game We’re familiar with various financial goals such as saving S$100,000 by 30, or retiring by 45 with enough to live…
Business
Goldman Sachs, Morgan Stanley sell combined US$11 billion in bonds
GOLDMAN Sachs and Morgan Stanley sold a combined US$11.3 billion in investment-grade bonds on Wednesday (Oct 16), after both banks posted…
Business
Germany’s Merck open to more M&A for its Life Science division
GERMAN science and technology group Merck is open to more acquisitions for its Life Science business after announcing in May it would buy…
Business
China woes drag down Pernod Ricard first quarter sales
FRENCH spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a…
Business
Self-driving startup Pony.ai plans to publicly file for US IPO: sources
It develops and operates self-driving fleets in the US and China, and manages vehicles which include trucks and robotaxis AUTONOMOUS…