Culture
Alphabet, Amazon stakes in Anthropic boost profit by billions
Alphabet and Amazon were rewarded by investors for reporting better-than-expected third-quarter profits. At both companies, earnings were…
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profit
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…
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ANZ flags A$1.1 billion second-half profit hit from restructuring, compliance costs
Australia’s ANZ warned on Friday that its earnings would take a hit of A$1.11 billion (S$937.5 million) after tax in the second half of…
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Toyota steps up India expansion with new SUVs, rural push as profit surges
Toyota plans to launch 15 new and refreshed models in India by the end of the decade while deepening its rural network, sources said, as…
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Chinese airlines return to profit on summer surge, but challenges persist
China’s three biggest airlines posted their first collective quarterly profit in a year in the third quarter on the back of the peak…
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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…
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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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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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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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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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Visa quarterly profit rises on strong transaction volumes
Visa reported a rise in fourth-quarter adjusted profit on Tuesday (Oct 28), as strong consumer spending helped the global payments…
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UPS stuns Wall Street with strong profit and 34,000 job cuts
United Parcel Service (UPS) smashed Wall Street’s third-quarter profit expectations, sending its shares soaring and fuelling confidence in…
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Bank of China delivers 5% gain in profit as margin stabilises
Bank of China reported a 5 per cent increase in third-quarter profit, as the lender managed to stabilise its net interest margin despite…
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iFast Q3 net profit rises 54.7% to S$26 million on overall revenue growth
Digital bank and wealth management platform iFast posted a 54.7 per cent rise in net profit to S$26 million for its third quarter ended…
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Intel beats third-quarter profit estimates as cost cuts, investments pay off
INTEL beat expectations for September-quarter profit as CEO Lip-Bu Tan’s drastic cost-cutting measures helped the chipmaker shore up its…
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Nokia profit surges past estimates on network growth
Nokia’s adjusted profit for the third quarter beat estimates, thanks to growth in its network infrastructure and optical networks…
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Volvo car profit unexpectedly rises on cost-cutting success
Volvo Car reported better-than-expected profit in the third quarter as the automaker benefited from the effects of its 18 billion-kronor…
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Nasdaq profit tops estimates on higher trading volume, fintech demand
Nasdaq also saw broad-based growth across its financial technology and software divisions Exchange operator Nasdaq beat Wall Street…
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3M raises 2025 profit forecast as margin-focused strategy pays off
3M has leaned on product innovation under CEO Bill Brown, who took the helm in 2024 3M on Tuesday (Oct 21) raised full-year profit…
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Food Innovators posts profit of S$200,000; turns profitable a year after Catalist debut
Restaurant operator Food Innovators announced on Wednesday (Oct 15) that it turned profitable for its first half of 2026 ended August, a…
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Levi Strauss forecasts annual profit below estimates as tariffs bite
The retailer has leaned into full-price sales through its direct-to-consumer channel, broadened its product offerings and kept a tight…
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Uniqlo owner Fast Retailing posts record profit for fourth year
The apparel maker beats its own forecast, with operating profit jumping to 564.3 billion yen Japan’s Fast Retailing, owner of global…
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Australia’s central bank swings to A$11 billion profit, again skips paying dividend to government
The RBA’s equity position improves, led by valuation gains on its gold holdings Australia’s central bank swung to an accounting profit…