Business
L’Oreal flags first China growth in two years but misses sales forecast
French beauty conglomerate L’Oreal posted weaker-than-expected third-quarter growth on Tuesday (Oct 21), weighed down by its performance…
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forecast
Business
3M raises 2025 profit forecast as margin-focused strategy pays off
3M has leaned on product innovation under CEO Bill Brown, who took the helm in 2024 3M on Tuesday (Oct 21) raised full-year profit…
Business
Salesforce jumps as US$60 billion forecast eases revenue growth concerns
Salesforce shares jumped more than 6 per cent in premarket trading on Thursday (Oct 16). This is after the company forecasted faster…
Business
TSMC Q3 profit blows past market forecast to a record on AI spending boom
TSMC, the world’s main producer of advanced artificial intelligence (AI) chips, posted a 39.1 per cent jump in third-quarter profit to…
Business
HPE annual profit forecast misses estimate on margin crunch
For the fiscal year ending in October 2028, the company expects adjusted profit of at least US$3.00 per share and free cash flow of more…
Business
JPMorgan lifts interest income forecast after profit beats estimates
JPMorgan Chase raised its full-year forecast for net interest income (NII) on Tuesday (Oct 14), after strong performance in its trading…
Business
Singapore shares fall 0.8% even as Q3 GDP growth beats forecast
Shares on the Singapore bourse closed lower on Tuesday (Oct 14), even as the city-state’s economy grew faster than expected. The benchmark…
Business
Thai central bank unexpectedly holds rates; trims growth forecast
The forecast for headline inflation this year is cut to zero, from 0.5 per cent previously Thailand’s central bank left its key interest…
Business
Goldman hikes December 2026 gold price forecast to US$4,900 per ounce
Goldman Sachs raised on Monday (Oct 6) its December 2026 gold price forecast to US$4,900 per ounce from US$4,300, citing strong Western…
Business
Foxconn’s third-quarter revenue hits record, misses market forecast
Taiwan’s Foxconn, the world’s largest contract electronics maker, reported record third-quarter revenue on strong demand for artificial…
Business
Micron gives solid forecast after AI boosts memory demand
Demand for data centre equipment is stretching the ability of companies to keep up with orders Micron Technology, the largest US maker of…
Business
Singapore stocks rise on Tuesday; STI gains 0.1% as investors react to growth forecast
Across the broader market, decliners outnumber advancers 306 to 257 after about 1.5 billion shares worth S$1.4 billion change hands Local…
Business
Singapore UOB Raises Vietnam's 2025 Growth Forecast to 7.5%
The Vietnam News Agency said on Thursday, September 18, that Singapore's United Overseas Bank (UOB) increased its 2025 GDP growth…
Business
China sets 2025 auto sales target below association forecast, vows tighter regulation
China is targeting 32.3 million in vehicle sales in 2025, the country’s industry ministry said, below the 32.9 million units projected for…
Business
JPMorgan postpones ECB rate cut forecast to December after policy meeting
JPMORGAN now expects the European Central Bank to lower interest rates in December this year compared to its prior forecast of a…
Business
Nvidia forecast shows decelerating growth after two-year boom
Nvidia, the world’s most valuable publicly traded company, gave a tepid revenue forecast for the current period, signalling that growth is…
Business
HP’s profit forecast suggests it can withstand tariff hit
HP gave a profit outlook for the current quarter that may beat expectations, showing firming demand for computers and interest in new…
Business
Zoom has biggest rally in a year after giving strong forecast
Zoom Communications shares soared as much as 9.8 per cent after the company delivered a stronger-than-expected forecast, suggesting that…
Business
China leaves benchmark lending rates unchanged in August, matching forecast
China kept benchmark lending rates in August unchanged for the third consecutive month on Wednesday (Aug 20), in line with market…
Business
Foxconn sees robust AI demand continuing after Q2 profit tops forecast
Foxconn expects higher third-quarter revenue, it said on Thursday (Aug 14), on robust demand for artificial intelligence servers, which…
Business
Uber boosts buybacks by US$20 billion after upbeat forecast
Uber Technologies announced US$20 billion in new stock buybacks after sharing a better-than-expected third-quarter forecast and quarterly…
Unsorted
Honda posts 50% fall in Q1 operating profit on tariffs, lifts full-year forecast
The automaker says full-year operating profit took a smaller hit from tariffs than initially projected in May Honda Motor reported a 50…
Business
AMD’s China concerns overshadow upbeat sales forecast for AI
Advanced Micro Devices (AMD), the second-largest maker of artificial intelligence (AI) processors, said that the chipmaker’s return to the…
Business
Apple revenue forecast beats estimates as iPhone sales soar
Apple forecast revenue well above Wall Street’s estimates on Thursday, following strong June-quarter results supported by customers buying…