Business
Gold steady as rising yields offset dollar weakness; PCE data eyed
Gold prices held steady on Friday (Dec 5), as rising US Treasury yields offset support from a weaker US dollar, while markets awaited US…
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Business
Gold holds steady as rising US rate-cut bets offset dollar strength
Gold prices held steady on Tuesday (Nov 25) after rising nearly 2 per cent in the previous session, as increasing prospects of a US rate…
Business
Oil settles higher as tight fuel markets offset crude supply concerns
Oil prices settled higher on Monday as analysts focused on potential fuel supply disruptions from fresh US sanctions and Ukrainian drone…
Business
US: Wall Street ends higher as solid data, strong earnings offset valuation concerns
US stocks rebounded on Wednesday as jitters over inflated tech stock valuations abated and upbeat earnings and better-than-expected…
Business
Mercedes beats margin forecasts as premium sales offset job-cut charges
[BERLIN/FRANKFURT] German carmaker Mercedes-Benz on Wednesday (Oct 29) reported stronger than expected margins at its core autos business…
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
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
Moderna to cut 10% of staff to offset slowing Covid business
[CAMBRIDGE, MASSACHUSETTS] Moderna is cutting about 10 per cent of its workforce, part of an effort by the struggling biotech company to…
Business
Oil inches up on US demand strength; fading Middle East supply risks offset gains
Oil prices edged higher on Thursday as crude inventories in the United States fell on higher demand as summer driving season ramped up,…
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Asia: Markets wobble as Trump-Xi talks offset by Musk row
Asian markets stuttered on Friday as optimism from “very positive” talks between presidents Donald Trump and Xi Jinping was wiped out by…
Business
Europe: Shares inch up as Lagarde’s remarks offset ECB rate cut
EUROPEAN equities see-sawed on Thursday, ultimately eking out gains after the European Central Bank’s President Christine Lagarde’s more…
Business
Fuji Offset Plates Manufacturing shares jump 67% after former Dyna-Mac CEO AC Lim buys S$4.5 million stake
It appears former Dyna-Mac chairman and chief executive Lim Ah Cheng – better known in the industry as AC Lim – is working his magic…
Business
Diesel, Maison Margiela, DTC Offset China, Wholesale 2024 Slowdown at OTB
MILAN — Several changes have been taking place within the OTB Group over the last year and in early 2025, and chief executive officer…
Business
Hon Hai revenue growth rises as AI server demand offset weak iPhone sales
The latest iPhone hasn’t spurred as much demand as expected. | Photo: Bloomberg 3 min read Last Updated : Oct 05 2024 | 10:32 PM IST By…