Fashion
Tyre maker Michelin to close two French plants by 2026
MICHELIN will close two factories in France by early 2026 affecting about 1,200 jobs, the French tyre maker said on Tuesday (Nov 5), the latest cutback in an European...
Brokers’ take: Analysts get more bearish on Wilmar, cutting their price targets for the stock
ANALYSTS cut their price targets for Wilmar International on uncertainty in its China business, and after the company reported third-quarter earnings that showed net profit fell.The agribusiness group on...
Audi Group profit slumps on China weakness, plant restructuring
VOLKSWAGEN’S Audi-led premium brands barely eked out an operating profit in the third quarter after waning luxury spending in China and a plant restructuring in Brussels dragged on returns.
Operating...
China gives Morgan Stanley approval to launch local futures unit
MORGAN Stanley has won final approval to launch a futures business in China via a newly established unit, becoming the second major US entrant in the derivatives market of...
Yen is first of many Japanese assets set to pivot on US election
A VICTORY for Kamala Harris in the US presidential election has the potential to support Japan’s ailing currency while a win for Donald Trump would probably boost the Tokyo...
Stamford Tyres chairman Sam Chong Keen steps down amid board reshuffle
Wife of founder becomes executive chairman, ex-SPH veteran Christopher Tan joins board SAM Chong Keen, chairman of the board of Stamford Tyres has stepped down, with two individuals appointed to...
Sun Life profit beats expectation on strength in Canada, US
SUN Life reported a better-than-expected third-quarter profit on Monday (Nov 4) as Canada’s second-largest life insurer benefited from robust growth in its domestic and US businesses.The earnings beat was...
Cautious Asian markets inch higher ahead of high-stakes US election
ASIAN markets edged up slightly on Tuesday (Nov 5) as investors trod cautiously amid heightened volatility in anticipation of the US presidential election. Market sentiment was likely tempered by...
Commerzbank looks to free up capital to fend off UniCredit
COMMERZBANK chief executive officer Bettina Orlopp is seeking to unlock more capital to pay out or invest, as she makes the case for an independent bank in the face...
Recent US economic data points to a concerned Fed opening the door to series of rate cuts
BAD news is good news again. And the worse tidings that US Federal Reserve chairman Jerome Powell can bring about for US economic prospects, the bigger the welcome his...
Apple to offer extra Indonesia investment to remove iPhone ban
APPLE has proposed investing almost US$10 million to make additional goods in Indonesia, according to sources familiar with the matter, as it seeks to have the country’s ban on...
Stocks to watch: SIA, CapitaLand Investment, NetLink NBN Trust, Aims Apac Reit, Dyna-Mac
THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 5):Singapore Airlines (SIA), SIA Engineering Company (SIAEC): Singapore’s national carrier will spend S$1.1...