Business
Xiaomi reports 81% jump in third-quarter profit on strong EV sales
Adjusted net profit reaches 11.3 billion yuan (S$2.1 billion), exceeding the average estimate of 10.3 billion yuan China’s Xiaomi reported…
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Business
Tencent posts 15% revenue jump, sustaining growth without splashy AI bets
China’s most valuable company reports sales of 192.9 billion yuan for the three months ended September [SHENZHEN, China] Tencent Holdings…
Business
ST Engineering shares jump as much as 4.1% on revenue increase, special dividend
Shares of ST Engineering jumped as much as 4.1 per cent on Thursday (Nov 13) after an increase in its nine-month revenue. The counter…
Business
AvePoint Q3 earnings jump four times to US$13 million; shares fall on EPS miss
Cybersecurity company AvePoint has posted a 396.8 per cent increase in net profit to US$13 million for its third quarter ended Sep 30,…
Business
Snap tops revenue estimate and unveils US$400 million deal with Perplexity AI, shares jump
SNAP beat third-quarter revenue estimate on Wednesday and said it has partnered with Perplexity AI to integrate its artificial…
Business
S$1 billion jump in allowances slash UOB Q3 profit to S$443 million
Move made ‘amid evolving macroeconomic conditions’; operating results down 16% at S$1.8 billion UOB’s net profit for the third quarter…
Business
Singapore’s gold buying spree fuels 47% sales jump in gold bars, coins as global demand hits record
Local demand for gold bars and coins rises 47%, but jewellery consumption slumps 8% Strong investor appetite in Singapore, which resulted…
Business
iX Biopharma shares jump 35% on potential US, Australia listing plans
Shares of Singapore-based speciality pharmaceutical and nutraceutical company iX Biopharma jumped 35.1 per cent to S$0.127 on Monday (Oct…
Business
Intel shares jump as investments, cost cuts catapult turnaround efforts
INTEL shares surged nearly 9 per cent in premarket trading on Friday (Oct 24) as investors rallied behind CEO Tan Lip-Bu’s aggressive…
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VinFast third-quarter e-bike sales jump following Hanoi motorbike ban
Vietnam’s VinFast said on Wednesday (Oct 22) it delivered more than 120,000 electric two-wheelers in the third quarter, a 73 per cent…
Business
LVMH surges to biggest daily jump in 20 years as China demand sparks US$80 billion luxury rally
The strong sales figures surprise investors and are expected to sustain momentum in luxury stocks [PARIS/LONDON] LVMH shares had their…
Business
Singapore overtakes London to jump to 9th place in list of top 20 IPO markets
The UK exchange has slipped three places to 23rd in a Bloomberg ranking of the world’s busiest IPO destinations, placing it behind the…
Business
KGeN Hits $43.5M Raised with New Strategic Round from Jump Crypto, Accel and Prosus Ventures
KGeN, the world's largestVerified Distribution Protocol for artificial intelligence (AI), decentralized finance (DeFi), and gaming, and…
Business
Hongkong Land shares jump 12% on S$738.7 million MCL Land divestment
This follows its move to sell its Singapore and Malaysia property arm to Malaysian conglomerate Sunway Group Shares of Hongkong Land…
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Sydney Airport unveils terminal expansion to meet passenger jump
Sydney Airport, Australia biggest aviation hub, proposed a long-term overhaul of domestic and international terminal operations to cope…
Business
Oracle shares jump to record on cloud infrastructure outlook
Oracle shares surged to a record in extended trading after the company posted a significant increase in bookings and gave an aggressive…
Business
Chinese property stocks jump on policy, lending boost
Top gainers included Country Garden and Shimao Group Holdings, whose shares rose more than 30% Chinese property shares surged in Hong…
Business
China property stocks jump on policy, lending boost
Top gainers included Country Garden and Shimao Group Holdings, whose shares rose more than 30% Chinese property shares surged in Hong…
Business
Job cuts jump 66% year to date; DOGE, uncertainty and AI are major factors
Job cuts so far this year have already surpassed the total for 2024, as government cost-cutting, economic uncertainty and AI have prompted…
Business
JPMorgan to boost corporate banking in India on investment jump
JPMorgan Chase is strengthening its corporate banking presence in India, focusing on sectors such as electric vehicles, data centres, and…
Business
Hong Kong exchange reports jump of nearly 40% in first-half profit
Analysts say the surge in the benchmark index has been driven by foreign investors’ return to buying Chinese stocks Hong Kong’s stock…
Business
Pop Mart’s Labubu doll frenzy drives 204% revenue surge, 397% profit jump
— Chinese plush toymaker Pop Mart International Group reported robust revenue and profit growth, boosted by global demand for its hugely…
Business
US: Stocks hold steady after wholesale prices jump
Wall Street stocks shook off early losses to finish essentially flat on Thursday as markets digested disappointing inflation data that…
Business
Insurer Aviva raises dividend after jump in half-year profit
British insurer Aviva raised its interim dividend on Thursday (Aug 14) after reporting a 22 per cent jump in half-year operating profit,…