Business
SIA shares fall on net profit drop; CGSI expects ‘persistent’ Air India losses
Shares of flag carrier Singapore Airlines (SIA) fell as much as 3.6 per cent on Friday (Nov 14) after it reported an 82.1 per cent drop in…
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Losses
Business
SIA shares fall on net profit drop; analysts expect Air India losses to continue
Shares of flag carrier Singapore Airlines (SIA) fell as much as 3.6 per cent on Friday (Nov 14) after it reported an 82.1 per cent drop in…
Business
Oil prices steady after steep losses in previous session
Oil prices held largely steady on Thursday after declining around 4 per cent in the previous session as investors weighed concerns about…
Business
Sri Trang Gloves Q3 loss widens to 106 million baht on impairment, derivative losses
The steeper net loss comes as its top line decreases 5.6% year on year to 6.1 billion baht, even as sales volume rises Sri Trang Gloves’…
Business
Withers to take action against Switzerland on Credit Suisse AT1 losses in Asia
The law firm is acting for investors across the region, including in Hong Kong and Singapore International law firm Withers is commencing…
Business
China’s EV boom saddles its auto insurers with losses
China’s giant electric vehicle insurance market is flailing. Losses are piling up, as companies’ risk models haven’t kept up with changes…
Business
Japan warns Vietnam of job losses as Hanoi petrol-powered motorbikes ban hits Honda
The ban could result in production interruptions and the risk of bankruptcy for companies in the supply chain [HANOI/TOKYO] The Japanese…
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Drew & Napier to sue Switzerland over Asia losses on AT1s
ONE of Singapore’s biggest law firms is set to file claims against the Swiss government by the end of the year, seeking compensation for…
Business
Auditor for Dasmond Koh’s NoonTalk Media flags going concern doubts amid net losses
The group incurs a net loss of nearly S$1.8 million and has net liabilities of S$396,000 The independent auditor for Catalist-listed…
Business
Auditor for Dasmond Koh’s NoonTalk Media flags firm’s ability to continue as a going concern amid losses
The group incurs a net loss of nearly S$1.8 million and has net liabilities of S$396,000 The independent auditor for Catalist-listed…
Business
Asia: Stocks pare tariff-led losses, Tokyo hit by political turmoil
Most Asian stocks rose on Tuesday (Oct 14), tracking a rally on Wall Street, after US President Donald Trump tempered his rhetoric against…
Business
Europe: Luxury rebound in France cushions European stock losses amid turmoil
European stocks slipped on Tuesday (Oct 7), dragged down by healthcare and bank shares, while a luxury-led rebound in France kept regional…
Business
Sumitomo Life said to take step to avoid marking bond losses
The Osaka-based insurer is taking advantage of guidelines for bond investors when prices move sharply Sumitomo Life Insurance is taking an…
Business
Exxon to cut 2,000 workers as oil sector job losses mount
ExxonMobil plans to cut about 2,000 jobs globally as the Texas oil company consolidates smaller offices into regional hubs as part of its…
Business
ExxonMobil to cut 2,000 workers as oil sector job losses mount
ExxonMobil plans to cut about 2,000 jobs globally as the Texas oil company consolidates smaller offices into regional hubs as part of its…
Business
Europe: Stocks slip; commodity, defence rallies offset by luxury losses
EUROPEAN stocks slipped on Wednesday as commodity and defence rallies faced resistance from heavyweight healthcare and luxury names, with…
Business
Japan's Nikkei closes at record as AI rally helps overcome early losses
Japan’s Nikkei share average closed at a record high on Wednesday (Sep 24), fighting back from early losses on optimism buoyed by…
Business
China’s EV boom saddles its auto insurers with chronic losses
The country now has tens of millions of electric cars on its roads, and sales are rising at a rapid clip China’s giant electric vehicle…
News
Singapore Police Probe 274 Suspected Scammers and Money Mules Linked to S$6.4M Losses
During a two-week police operation, 274 suspected money mules and scammers are being investigated for ruses that resulted in losses of…
Business
China banks pressured by rising loan losses, low margins
China’s mega banks are under pressure from rising allowances for loan losses and a continued margin erosion in their mission to support…
Business
GuocoLand’s H2 net profit falls 48% as China losses offset Singapore growth
Property developer GuocoLand posted a 48 per cent drop in net profit to S$32.4 million for its half year ended Jun 30, from S$62.4 million…
Business
ANZ bankers learn about job losses after e-mail error: report
The Melbourne-based bank is in the midst of a major restructure under new chief executive officer Nuno Matos Some ANZ Group Holdings…
Business
Gold edges lower as US dollar firms, but Fed turmoil limits losses
Gold prices edged lower on Wednesday (Aug 27), pressured by an uptick in the US dollar, although renewed concerns over the US central…
Business
A*Star biotech spin-off Mirxes trims losses to US$28.4 million as top line grows
Higher revenue is driven by increased contributions from its early detection and precision multi-omics segment Local biotech startup…