Culture
Impact of tariffs, trade restrictions not fully played out, but no systemic risk yet: OCBC
Bank has been able to navigate the uncertainty ‘quite well’, and still sees growth in sectors such as digital infrastructure, says deputy…
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Culture
Culture
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,…
Culture
JPMorgan’s billionaire clients want sports teams more than fine art
Sports have become more than just a passion investment of the ultra-rich and are now a growing part of their portfolio JPMorgan Chase &…
Culture
Pop Mart shares fall after live-streaming incident about pricing
The controversy coincides with a broader cooling in secondary market prices of the Labubu series Shares of Pop Mart International Group,…
Culture
Singtel unit sells 0.8% stake in Bharti Airtel for about S$1.5 billion, booking estimated S$1.1 billion gain
The sale reduces Singtel’s effective stake in Bharti Airtel to 27.5% from 28.3% Singtel announced its indirect wholly-owned subsidiary…
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Gold gains on softer dollar, increasing bets of Fed rate cut
GOLD rose on Friday as the dollar slid after private-sector job reports indicated weakness in the US labour market increasing expectations…
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Companies must act as market and regulatory forces align
Large buyers need accurate emissions data to meet their own reporting obligations, and that pressure is cascading down the supply chain…
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Asia: Markets drop as valuations and US jobs, rates spook investors
ASIAN stocks tracked Wall Street losses on Friday as investors weighed weak US jobs data against Federal Reserve signals suggesting no…
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US to block Nvidia’s sale of scaled-down AI chips to China, The Information reports
THE White House has informed other federal agencies that it will not permit Nvidia to sell its latest scaled-down AI chips to China, The…
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As EVs dominate, why are Esso petrol stations being acquired and what will the future look like?
The purchase of petrol stations – a ‘sunset’ industry – comes at a time where EV-maker BYD is outselling long-time king Toyota Indonesia’s…
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Phishing for trouble: The returning physical bank token is no silver bullet
Singapore is looking to implement what would be a world-first national roll-out of bank tokens Physical banking tokens are making a…
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Singtel shares end 2.9% higher on Bharti Airtel share sale, talks for data centre deal
Shares of Singtel surged as much as 5.1 per cent on the back of news that one of its units will sell US$1.2 billion worth of Bharti Airtel…
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OCBC shares hit record high after Q3 earnings beat expectations; ends 3.4% higher
Shares of OCBC jumped by more than 4 per cent on Friday (Nov 7) morning after the release of its financial results for the third quarter…
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Qantas eases throttle on domestic outlook, trims first-half domestic revenue forecast
AUSTRALIAN flag carrier Qantas Airways on Friday cut its first-half domestic unit revenue outlook and nudged up its fuel bill, citing…
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Ringgit rises to 13-month high on fading rate-cut view, growth outlook
THE Malaysian ringgit gained to the strongest in more than a year on fading expectations for a central bank interest-rate cut and by…
Culture
Stocks to watch: OCBC, Singtel, CLI, Genting Singapore, Yangzijiang Financial, FLCT, Far East Orchard
The following companies saw new developments that may affect trading of their securities on Friday (Nov 7): Source link
Culture
Frasers Logistics & Commercial Trust H2 DPU drops 11.1% to S$0.0295
Revenue for the period rises 3.7% to S$239.2 million, from S$230.6 million previously The manager of Frasers Logistics & Commercial Trust…
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SIA Engineering: analysts upgrade the stock as growth, supply chain outlook improves
The analysts’ upbeat outlook comes on the back of the company’s Q2 results, in which net profit is up 13.5% at S$40.4 million Analysts are…
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Federal Reserve’s Hammack says inflation a bigger concern than labour market
FEDERAL Reserve Bank of Cleveland President Beth Hammack said monetary policy should continue putting downward pressure on inflation,…
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First Brands says it needs US$600 million or ‘it’s game over’
FIRST Brands Group lawyers said the company needs access to its roughly US$600 million of remaining bankruptcy financing to keep the…
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Social media giants must stand trial on addiction claims
META Platforms, ByteDance, Alphabet and Snap must face trial over claims that they designed social media platforms to addict youths, a…
Culture
Goldman Sachs to promote highest number of executives to managing director since 2021
The promotions include 31 per cent Asian, 3 per cent Black and 4 per cent Hispanic or Latino staff Wall Street lender Goldman Sachs will…
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OCBC Q3 profit flat at S$1.98 billion, beats expectations
OCBC’s net profit was flat for its third quarter, supported by higher non-interest income and lower allowances, it said on Friday (Nov 7).…
Culture
Tesla shareholders approve US$878 billion pay plan for Elon Musk
Tesla CEO Elon Musk scored a resounding victory on Thursday as shareholders approved a pay package of as much as US$878 billion over the…