Business
PSA International FY2024 net profit falls 25.2% to S$1.1 billion on higher costs, inflation
Temasek-owned port operator PSA International on Friday (Mar 28) reported a 25.2 per cent drop in net profit to S$1.1 billion in 2024,…
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Business
US: Wall St opens slightly higher after Trump-led rally
Wall Street’s main indexes edged up on Tuesday (Mar 25) as investors assessed implications of impending reciprocal tariffs on the heels of…
Business
US: Wall St opens higher on Trump's softened tariff stance
US stock indexes opened higher on Monday (Mar 24), helped by signs the Trump administration is taking a measured approach on tariffs…
Business
Malaysia’s palm oil giant FGV expects higher profit margins in 2025
MALAYSIAN palm oil planter FGV Holdings said on Friday (Feb 28) it expected higher profit margins in 2025, boosted by improved…
Business
Far East Orchard H2 net profit down 29.4% on lower fair value gains, higher costs
HOSPITALITY and student housing player Far East Orchard’s net profit fell 29.4 per cent to S$40.7 million for the six months ended Dec 31,…
Business
Autodesk to cut jobs as it targets higher profits
AUTODESK is planning to cut about 1,350 employees as part of a broader focus on profitability following pressure from investors including…
Business
US: Wall St opens higher as Nvidia’s forecast calms AI demand fears
WALL Street’s main indexes opened higher on Thursday (Feb 27) as AI bellwether Nvidia’s upbeat forecast soothed concerns of cooling demand…
Business
SingLand H2 net profit rises 76% to S$180.5 million on higher revenue from hotel ops
SINGAPORE Land Group (SingLand) reported a net profit of S$180.5 million in the second half ended Dec 31, up 76 per cent from S$102.4…
Business
Sats posts 123.5% rise in Q3 net profit on higher business volume, rate increases
CATERING and ground handling company Sats posted a 123.5 per cent increase in net profit to S$70.4 million for the quarter ended Dec 31,…
Business
Vicom posts 11% higher H2 net profit on robust demand for vehicle testing
VEHICLE Inspection company Vicom posted 11 per cent higher net profit of S$15.2 million for the half-year ended Dec 31, 2024, from S$13.7…
Business
Asia: Tech rally helps Hong Kong lead markets higher
HONG Kong resumed its tech-led rally on a healthy day for Asian markets on Tuesday (Feb 18) as a meeting between President Xi Jinping and…
Business
Westpac posts higher quarterly profit as loan volumes grow, late repayments decline
AUSTRALIA’S Westpac posted a rise in its first-quarter net profit on Monday as deposits and loan volumes grew, and said a widely awaited…
Business
Coca-Cola posts surprise revenue jump on higher prices, steady demand
It’s focused on capturing demand in emerging markets such as India and expanding its portfolio in North America Coca-Cola posted a…
Business
Creative H1 loss widens to S$6.1 million on higher expenses
Uncertainty over import tariffs by the US and potential retaliatory measures from affected countries may affect consumer demand, says the…
Business
Creative H1 loss widens to US$6.1 million on higher expenses
Uncertainty over import tariffs by the US and potential retaliatory measures from affected countries may affect consumer demand, says the…
Business
US: Wall St opens higher after big corporate results
Wall Street’s main indexes opened slightly higher on Thursday (Feb 6), as investors evaluated earnings from companies including Honeywell…
News
Old protest pictures misrepresented as Myanmar workers demanding higher pay
As activists marked the fourth anniversary of Myanmar's military coup on February 1, 2025, old protest photos in Thailand circulated…
Business
Bank of Japan’s rate likely to go higher than consensus, ex-official says
THE Bank of Japan (BOJ) is likely to keep raising its benchmark rate to a level exceeding the current market consensus, and there’s a…
Business
US: Wall St opens higher on gains in Apple, in-line inflation reading
WALL Street’s main indexes opened higher on Friday (Jan 31) on gains in Apple following its strong sales forecast, with an in-line reading…
Business
Higher casino takings drive MBS’ revenue for Q4 2024
MARINA Bay Sands (MBS) posted a 7.2 per cent rise in net revenue to US$1.14 billion for the fourth quarter ended Dec 31, 2024 amid ongoing…
Business
Sanofi plans 5 billion-euro buyback, sees higher profit growth
SANOFI said it will repurchase five billion euros (S$7 billion) of stock and grow profits more quickly this year as the drugmaker pivots…
Business
Singapore stocks close higher on Thursday as inflation eases; STI up 0.7% - The Business Times
SINGAPORE stocks ended higher on Thursday (Jan 23), after the Republic reported that full-year inflation in 2024 came in at 2.4 per cent.…
Business
Charles Schwab’s fourth-quarter profit soars on higher asset management fees - The Business Times
BROKERAGE firm Charles Schwab said on Tuesday (Jan 21) that its profit rose 44 per cent in the fourth quarter driven by a jump in asset…
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US: Wall St opens higher with all eyes on President Trump's trade policy - The Business Times
Wall Street’s main indexes opened higher on Tuesday (Jan 21), as investors assessed newly elected President Donald Trump’s executive…