Culture
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 Nissan Motor said on Thursday (Oct 30) it expects…
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Culture
Culture
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 An expensive course…
Culture
Mastercard quarterly profit rises as transaction volumes hold strong
Mastercard reported a jump in third-quarter profit on Thursday (Oct 30), as sustained consumer spending boosted payment volumes on its…
Culture
Yangzijiang Financial receives conditional approval to list YZJ Maritime
It also discloses that it has further capitalised some US$1.5 billion of receivables from its maritime investment segment Yangzijiang…
Culture
BYD reports biggest quarterly profit fall in over four years
The consecutive quarterly profit fall comes amid intensifying competition at home market — Chinese electric vehicle maker BYD’s…
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Sheng Siong reports 12% increase in Q3 earnings to S$43.7 million
Sheng Siong reported an 11.9 per cent increase in earnings to S$43.7 million in the third quarter ended Sep 30, from S$39.1 million in the…
Culture
Singapore stocks end lower amid mixed regional trading; STI down 0.1%
Keppel was the top gainer on the index, rising 1.6%, while Mapletree Industrial Trust was the worst performer, falling 2.7% Singapore…
Culture
Puma to cut 900 jobs globally by 2026, initiates business U-turn after sales declines
Shrinking market share, weak demand and US tariffs prompt Puma to warn of annual loss German sportswear maker Puma on Thursday (Oct 30)…
Culture
Shell profit beats estimates as oil and gas trading recovers
The company keeps quarterly US$3.5 billion buybacks, supported by robust operating cash flow Shell’s profit was better than expected in…
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Prudential Q3 new business profit rises 14% to US$705 million; regional CEO leaves
Prudential on Thursday (Oct 30) posted a 13 per cent year-on-year rise in “new business profit” (NBP) for its third quarter ended Sep 30.…
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Tech giants test investors’ patience with AI spending spree
Alphabet, Meta Platforms and Microsoft, together have racked up some US$78 billion in capital expenditures last quarter The largest…
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Nomura expects no more Fed rate cuts in 2025 after October easing
NOMURA said it now expects the US Federal Reserve to keep interest rates unchanged at its December policy meeting, following the central…
Culture
Lim Boon Heng expected to retire as NTUC chairman as soon as this week: Bloomberg
Former Cabinet minister Lim Boon Heng is expected to retire from his role as chairman of NTUC Enterprise Co-operative, the parent of…
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Apac private credit to reach US$92 billion in 2027 on wealth boom
The growth of Asia Pacific’s private markets comes against the broader backdrop of mounting headwind The Asia-Pacific private credit…
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Gold ticks up on US dollar retreat, Fed rate cut
Focus now shifts to US President Trump’s meeting with Chinese leader Xi Jinping in South Korea later in the day Gold prices edged higher…
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Samsung’s chip profit soars after AI fuels demand for memory
Memory chip business is a key pillar of the company’s empire, which spans smartphones and home appliances Samsung Electronics’…
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Airbus profit climbs 14% on defence boost
EUROPEAN plane-maker Airbus said Wednesday its third-quarter net profit surged by 14 per cent to 1.1 billion euros (S$1.66 billion) on the…
Culture
Meta forecasts bigger capital costs next year, US$16 billion tax charge guts Q3 profit
Meta forecast “notably larger” capital expenses next year, thanks to investments in AI, and recorded a nearly US$16 billion one-time…
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GM to cut over 1,200 jobs at EV plant
General Motors will cut about 1,200 jobs at its EV plant in Detroit, as the carmaker responds to slowing demand for its battery cars,…
Culture
Ascent Bridge cites possible defamation lawsuit for not releasing directors’ resignation letters in full
Beverage distributor Ascent Bridge has released the resignation letters of former directors Tan Khee Giap and Siow Chee Keong, as part of…
Culture
Global automakers scramble for chips as Nexperia supply crunch threatens production
Nissan and Mercedes are among the carmakers trying to come to grips an uncertain supply situation [TOKYO/BERLIN] Global automakers are…
Culture
Singapore receives interest from Malaysian firms to export renewable energy through second interconnector
For the city-state to achieve its net-zero carbon emissions target by 2050, the Asean Power Grid’s success is crucial Singapore’s energy…
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Mapletree Industrial Trust Q2 DPU down 5.6% on absence of divestment gains, lower occupancy
The trust also had reduced income following the divestment of three Singapore industrial properties in August 2025 Mapletree Industrial…
Culture
US: Wall St opens at near records levels as Nvidia hits US$5 trillion
Wall Street opened just short of fresh records on Wednesday (Oct 29) as Nvidia hits a US$5 trillion valuation, while investors awaited an…