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UOI 9-month comprehensive income rises 34.9% to S$40.6 million on investment gains
The improvement is mainly driven by marked-to-market gains on equity and fixed-income investments United Overseas Insurance (UOI), the…
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Singapore stocks rise as regional markets end mixed; STI up 0.5%
Local shares ended Thursday (Oct 23) higher, even as markets across the region ended mixed. The benchmark Straits Times Index (STI) rose…
Business
Wall Street bonuses expected to hit record as bank profits surge
The Wall Street bonus pool is expected to break records this year if current trends continue, as big banks reap profits from soaring…
Business
Musk hijacks Tesla earnings call to pitch US$1 trillion pay plan
[AUSTIN, Texas] Elon Musk, the world’s richest person, spent the end of Tesla’s earnings call pleading with investors to ratify his…
Business
Lloyds bank says profits shrink on bad car loans
Profit after tax dropped 14% to £2.9 billion in the first nine months of the year British lender Lloyds Banking Group on Thursday (Oct 23)…
Business
PacificLight appoints Mitsubishi Power and Jurong Engineering to build S$1 billion hydrogen-ready power plant
PacificLight Power announced on Thursday (Oct 23) that it has appointed a consortium comprising Jurong Engineering Limited (JEL) and…
Business
Nexperia’s China unit resumes chip sales to domestic distributors, requires renminbi-only payments: sources
The chipmaker is seeking chip packaging partners outside China as the dispute drags on [BEIJING/TAIPEI] Dutch chipmaker Nexperia’s Chinese…
Business
Nokia profit surges past estimates on network growth
Nokia’s adjusted profit for the third quarter beat estimates, thanks to growth in its network infrastructure and optical networks…
Business
Beauty, Wellbeing Sales Fuel Third-quarter Growth at Unilever
LONDON – Beauty and wellbeing sales are steaming ahead at Unilever, and drove underlying group sales growth up 3.9 percent to 14.7 billion…
Business
Renault Q3 revenue rises on car sales, finance arm
Renault’s third-quarter sales gained 6.8 per cent, helped by demand for new models such as the Dacia Bigster as well as higher revenue at…
Business
Volvo car profit unexpectedly rises on cost-cutting success
Volvo Car reported better-than-expected profit in the third quarter as the automaker benefited from the effects of its 18 billion-kronor…
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Forty migrants, including infants, die as boat sinks off Tunisia
At least 40 migrants, including children, have died after their boat sank off the coast of Tunisia, in one of the deadliest maritime…
Business
South Korea keeps rates on hold but surprises with nod to further cuts
SOUTHKOREA-ECONOMY/RATES (UPDATE 3, PIX):UPDATE 3-South Korea keeps rates on hold but surprises with nod to further cuts South Korea’s…
Business
Former Citi, Julius Baer bankers to plead guilty in S$3 billion money laundering scandal
TWO former bankers at Citigroup and Julius Baer Group are set to plead guilty for their alleged roles in aiding the movement of illicit…
Business
Former Citi banker gets longest sentence in S$3 billion money laundering scandal
Former Julius Baer Group Ltd. banker Liu Kai is scheduled to plead guilty on Friday A former wealth banker at Citigroup Inc. got the…
Business
Former Citi banker Wang Qiming gets longest sentence in S$3 billion money laundering scandal
A former wealth banker at Citigroup got the longest sentence in Singapore’s biggest money laundering case for his role in aiding the…
Business
Indonesian sovereign wealth fund Danantara hires 2 executives from Singapore’s GIC
Indonesian sovereign wealth fund Danantara has hired two former GIC investment professionals to lead its global private market coverage,…
Business
Nomura CEO seeks to tap more private market bets from Japanese
Nomura Holdings’ chief executive officer sees more scope to get business from Japanese investors who are looking to private markets as a…
Business
Hyflux ex-company secretary testifies 2 lawyers involved in preference shares document
Officers from banks that had earlier considered providing project financing for the Tuaspring project have been lined up to take the stand…
Business
How Jenny Lee became Asia’s ‘Iron Woman’ of venture capital
In the past three decades, Singaporean venture capitalist Jenny Lee has proven her mettle with her trailblazing spirit “EVEN if you left…
Business
China and US ‘just flexing muscles’ over critical metals, BHP chair says
The US and China are battling to project power as they compete to secure critical minerals supply, the new chair of BHP said on Thursday,…
Business
Gold’s dip a mere blip in glittering rally hinting at global monetary shift
IT HAS been a banner year for gold bugs. Despite a 5 per cent correction on Oct 21, the yellow metal has been the best-performing asset…
Business
CapitaLand Malaysia Trust Q3 DPU up 3.7% at 1.11 sen on higher contributions across portfolio
CapitaLand Malaysia Trust (CLMT) on Wednesday (Oct 22) posted a distribution per unit (DPU) of 1.11 sen for its third quarter ended Sep…
Business
Gold eases as dollar firms, focus on US inflation data
Investors have nearly fully priced in a 25-basis-point rate cut at the US Federal Reserve’s meeting next week Gold prices edged lower on…