Business
Mondelez beats second-quarter estimates on strong international demand
CADBURY-PARENT Mondelez International beat Wall Street estimates for second-quarter revenue and profit on Tuesday, supported by steady…
Tag
Demand
Business
Merck to cut jobs and costs as demand for Gardasil in China remains weak
Drugmaker Merck on Tuesday (Jul 29) announced job and cost cuts it said will save US$3 billion a year as it posted lower second-quarter…
Business
Jane Street to argue that retail demand drove its India trades
Jane Street Group is expected to argue that its controversial Indian options trades were a response to outsized demand from retail…
Business
Increasing affluence continues to fuel housing demand and prices, but economic uncertainty could test market: Knight Frank
Interest rate cuts, growing affluence and low unemployment rates spell good news for Singapore’s private residential market, but a…
Business
Aztech Global net profit drops 65.5% to S$16.1 million on subdued customer demand
Aztech Global’s net profit plunged 65.5 per cent to S$16.1 million, from S$46.7 million, for the first half ended Jun 30, 2025. Similarly,…
Business
Aztech Global H1 net profit drops 65.5% to S$16.1 million on subdued customer demand
Aztech Global’s net profit plunged 65.5 per cent to S$16.1 million, from S$46.7 million, for the first half ended Jun 30, 2025. Similarly,…
Business
SIA Engineering Q1 net profit rises 29.2% to S$42.9 million on strong MRO demand
Aircraft maintenance provider SIA Engineering Company (SIAEC) on Tuesday (Jul 22) reported a net profit of S$42.9 million for the first…
Business
Independent financial advisers gain ground as demand for holistic service grows
The life insurance market in Singapore has long been dominated by tied representatives from insurers and bank-affiliated advisers. But in…
Unsorted
Maybank initiates ‘buy’ call on Keppel DC Reit amid demand for AI adoption, cloud migration
Maybank Securities analyst Krishna Guha on Thursday (Jul 17) initiated a “buy” rating on Keppel DC Reit, with a target price of S$2.40,…
Business
TSMC posts record quarterly profit on AI demand, but cautious on tariff impact
Taiwan Semiconductor Manufacturing Co (TSMC), the world’s main producer of advanced artificial intelligence (AI) chips, posted record,…
News
French prosecutors demand Fiat face trial in diesel scandal
French prosecutors have demanded Italian car maker Fiat face trial on fraud charges over the emissions-tampering scandal that struck…
Business
Oil settles down; build in US fuel inventories offsets signs demand growing
Oil prices settled marginally lower on Wednesday as US fuel inventory builds and concerns about wider economic impact from US tariffs…
Business
ASML orders beat expectations after AI spending fuels demand
ASML Holding’s orders in the second quarter beat estimates after the artificial intelligence (AI) boom drove demand for its sophisticated…
Business
Masayoshi Son and Sam Altman see no end to AI demand and scaling
SoftBank Group founder Masayoshi Son and OpenAI chief Sam Altman see insatiable demand for artificial intelligence (AI) that makes it…
Business
Chinese convertible bonds rally to decade-high on surging demand
Convertible bonds have emerged as one of the most popular asset classes in China this year, trouncing the performance of local stocks and…
Lifestyle
SIA, Scoot passenger traffic up 4.5% in June on strong travel demand
Singapore Airlines (SIA) and its low-cost arm Scoot reported a 4.5 per cent year-on-year increase in passenger traffic in June, its…
Business
Delta Air Lines offers upbeat outlook on travel demand, lifting shares
Shares of Delta Air Lines rocketed higher on Thursday after the carrier reported better-than-expected profits and reinstated its full-year…
Business
Bitcoin Hits Record High Near $112,000 as Institutional Demand Surges
Bitcoin surged to a new all-time high late Wednesday, nearing $112,000. The rise is fueled by growing institutional interest and a…
Business
Opec trims oil demand for next four years
The Organization of the Petroleum Exporting Countries (Opec) cut its global oil demand forecasts for the next four years on Thursday (Jul…
Business
China shuns costly LNG imports even as summer power demand rises
Sweltering temperatures are pushing up appetite for electricity in China, just not yet enough to revive the country’s spot purchases of…
Business
Micron sees new Singapore plant as key in plan to meet rising demand for AI-enabling chips
A new will underpin Micron Technology’s plans to produce advanced semiconductors needed for artificial intelligence (AI) applications. The…
Business
Cathay Cineplexes gets S$3.4 million payment demand from landlord of shuttered Jem outlet
Lendlease Global Commercial Reit is seeking arrears in connection to the cinema chain’s use of the mall’s premises, which are to be paid…
Business
Oil settles up on signs of strong demand, investors await Opec+ decision
Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of an Opec+…
Business
Shell-led LNG Canada ships first cargo to meet Asian demand
Shell has started exports from Canada’s first liquefied natural gas (LNG) project, helping to meet rising Asian demand and extending its…