Culture
Wall Street gains on Amazon boost but rate caution tempers enthusiasm
Wall Street’s main stock indexes closed higher on Friday (Oct 31), with their biggest boost coming from Amazon’s upbeat earnings forecast,…
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Culture
Culture
YZJ Maritime to make mainboard debut on Nov 18, looking to raise S$5.2 million through placement
It expects a market capitalisation of S$2.04 billion upon completion of the distribution and placement Yangzijiang (YZJ) Maritime…
Culture
Yangzijiang Financial’s CEO, CFO, lead independent director step down amid spin-off of YZJ Maritime
Yangzijiang (YZJ) Financial’s executive chairman and CEO, CFO and lead independent director have resigned as the company prepares to spin…
Culture
US: S&P 500, Nasdaq opens higher as Apple, Amazon forecasts lift mood
The S&P 500 and the Nasdaq opened higher on Friday (Oct 31) after upbeat forecasts from Apple and Amazon helped calm nerves, a day after…
Culture
Chevron tops Q3 earnings estimates with record production after Hess deal
Adjusted earnings for the three-month period ended Sep 30 were US$3.6 billion or US$1.85 per share Chevron beat analyst estimates on…
Culture
Data storage firms Western Digital, Seagate soar on AI-driven demand spike
Shares of data storage companies such as Seagate and Western Digital (WDC) have sharply outperformed the broader market this year, powered…
Culture
CapitaLand Ascendas Reit’s portfolio occupancy dips to 91.3% in Q3; rental reversion slows
Occupancy in Singapore slipped 0.8 percentage point quarter on quarter and fell two percentage points in the US CapitaLand Ascendas Reit…
Culture
ExxonMobil beats Q3 profit estimates on higher Guyana, Permian production
ExxonMobil beat Wall Street estimates for third-quarter earnings on Friday (Oct 31), underpinned by higher oil and gas production in…
Culture
Nam Lee’s managing director interviewed by CPIB over whistle-blower report
The allegations in the report are the same as those in a previous whistle-blower report from FY2024 Metal manufacturer Nam Lee Pressed…
Culture
Singapore shares fall amid mixed regional trading; STI down 0.2%
Singapore stocks ended lower on Friday (Oct 31), as the regional market closed mixed. The benchmark Straits Times Index (STI) lost 0.2 per…
Culture
Audi cuts outlook on intense competition, economic woes
[INGOLSTADT, Germany] Volkswagen’s Audi Group walked back its financial targets for the year because of “intense” competition and economic…
Culture
Nexperia cuts wafer supplies to Chinese plant, ratcheting up chip disruptions
The move comes after the Dutch chipmaker’s Chinese unit resumed supplying semiconductors to local customers [BEIJING/TAIPEI] Dutch…
Culture
Singapore registry adds 94 ships in September, bucks declining trend since 2016 amid US-China port fees
Shipowners reflagging their fleet to the Republic in an attempt to navigate geopolitical tensions The ship registry of Singapore saw a…
Culture
Singapore registry adds 94 ships in September, bucks declining trend since 2016, as US and China tussle over port fees
Shipowners reflagging their fleet to the Republic in an attempt to navigate geopolitical tensions The ship registry of Singapore saw a…
Culture
Lenskart starts taking orders for 72.8 billion rupees India IPO
Lenskart Solutions began taking public orders for an initial public offering (IPO) that could raise as much as 72.8 billion rupees (S$1.1…
Culture
Asia: Markets mostly up on heels of Apple, Amazon earnings
ASIAN stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US…
Culture
Ford to invest 32.5 billion rupees in India defying Trump’s local push
More recently, other US companies have been building up their manufacturing presence in India, despite the political tension Ford Motor…
Culture
Japanese semicon photomask maker Tekscend breaks ground on new Singapore plant, set to create 60 jobs
It will be fully operation end-2026 or early 2027; aims to serve customers in Singapore, Malaysia and India Tekscend Photomask broke…
Culture
Trump’s TikTok deal with China – what do we know?
US and Chinese officials have discussed a deal under which Oracle and several other companies would invest in a US version of the social…
Culture
Raffles Education jumps 19% on debt conversion, special dividend plan
Shares of Raffles Education surged over 19 per cent on Friday (Oct 31) morning after the company announced a debt conversion plan. It…
Culture
Air India seeks 100 billion rupees lifeline from SIA and Tata, Bloomberg News reports
The development follows a deadly Air India crash in June that killed more than 240 passengers Air India is seeking at least 100 billion…
Culture
Air India seeks 100 billion rupees lifeline from SIA and Tata: report
The development follows a deadly Air India crash in June that killed more than 240 passengers Air India is seeking at least 100 billion…
Culture
Gold rises on bargain hunting and US rate cut, set for monthly gain
Gold prices edged higher on Friday (Oct 31), and were on track for a third straight monthly gain, as bargain hunting and a US Federal…
Culture
US candy makers haunted by Halloween discounts as retailers scare up sales
US retailers are discounting some Hershey candy ahead of Halloween on Friday, the confectioner’s biggest holiday, after it hiked prices…