Culture
Nexperia-owner Wingtech demands reinstatement of ousted CEO as condition to restart China exports
The dispute has triggered concerns of production stoppages, especially in the European auto industry[FRANKFURT] Wingtech Technology says any deal to restart Nexperia’s exports from China must include reinstating the...
China’s largest banks report steady profits, but margins shrink
[BEIJING/SHANGHAI] Four of China’s largest five state-owned banks reported steady profits on Thursday (Oct 30), but their margins came under pressure from a prolonged property slump and sluggish manufacturing.The...
Lendlease Global Reit improves its committed portfolio occupancy to 95% for Q1 FY 2026
The Reit manager credits the rise from 92.1% in the preceding quarter to ‘active leasing efforts’ for a property in Milan [SINGAPORE] Lendlease Global Commercial Reit on Thursday (Oct...
Chinese airlines return to profit on summer surge, but challenges persist
[BEIJING] China’s three biggest airlines posted their first collective quarterly profit in a year in the third quarter on the back of the peak summer season, but the recovery...
Cordlife’s executive chairman steps down
[SINGAPORE] Cordlife announced that its executive chairman Zhai Lingyun has stepped down in a bourse filing on Thursday (Oct 30). Zhai told the board that he resigned in order...
Estee Lauder beats quarterly estimates on robust growth in fragrances
It posted quarterly sales of US$3.48 billion, compared with analysts’ estimate of US$3.38 billion[NEW YORK] Estee Lauder beat Wall Street estimates for first-quarter sales and profit on Thursday (Oct...
Nissan forecasts US$1.8 billion annual operating loss as US tariffs weigh
Its outlook for net income for the fiscal year to end-March 2026 remained undetermined[TOKYO] Nissan Motor said on Thursday (Oct 30) it expects to book a US$1.82 billion operating...
Volkswagen skids into the red on US tariff hit, Porsche woes
Volkswagen’s operating loss in Q3 was down from a 2.8-billion-euro operating profit for the group a year earlier [BERLIN] An expensive course correction at subsidiary Porsche dealt Volkswagen a...
Mastercard quarterly profit rises as transaction volumes hold strong
[NEW YORK] Mastercard reported a jump in third-quarter profit on Thursday (Oct 30), as sustained consumer spending boosted payment volumes on its networks.Consumer spending has proven resilient, while labour...
US: Wall Street opens lower after mixed tech earnings, Fed comments