Business
US: Wall Street hits all-time highs, Fed decision on tap
WalL Street’s main stock indexes hit record highs in the run-up to an interest-rate decision from the Federal Reserve on Thursday (Nov 7),…
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Business
Business
Nissan cuts 9,000 Jobs amid declining sales and rising costs
Nissan, the Japanese automaker, announced it will cut 9,000 jobs— six percent of its 133,000 global workforce— after experiencing a…
Business
Sats Q2 profit trebles to S$69.7 million, declares S$0.015 dividend per share
The group also reports a half-year profit of S$134.7 million, reversing from the red IN-FLIGHT caterer Sats on Thursday (Nov 7) announced…
Business
Mysterious black debris in Sydney was not tar balls but 'much more disgusting' waste
Weeks after sticky black balls washed up on the famed beaches of Sydney, Australia, scientists say they have partly solved the mystery…
Business
Attika Group’s Catalist IPO fully snapped up, shares to begin trading on Nov 8
Group has raised around S$4.6 million from the initial public offering of 21 million placement shares, with each share priced at S$0.22…
Business
Yangzijiang Shipbuilding bags US$11.6 billion worth of order wins in year to date
MARITIME vessel maker Yangzijiang Shipbuilding said that it has secured US$11.6 billion of order wins in the year to date. This exceeds…
Business
Far East Orchard 9M profit more than doubles to S$16.9 million on strong H1 performance
PROPERTY investment company Far East Orchard on Thursday (Nov 7) reported a net profit of S$16.9 million for the nine months ended Sep 30,…
Business
SMIC reports profit jump, revenue growth as chip sector recovers
CHINA’S largest chipmaker Semiconductor Manufacturing International Corp (SMIC) reported on Thursday (Nov 7) a 58.3 per cent jump in third…
Business
Going above and beyond: Marina Bay Sands on billion-dollar push to court high-value tourists
FROM Dubai to Macau and across many parts of Asia and Europe, there have been significant investments worth billions of dollars in the…
Business
Paragon Reit Q3 revenue up 3% at S$223 million
PARAGON real estate investment trust (Reit) grew its revenue 3 per cent year on year (yoy) to S$223 million in the third quarter ended Sep…
Business
Audi plans thousands of job cuts outside production
GERMAN automaker Audi is looking to shrink its workforce in the medium term by cutting jobs outside of production, with thousands of…
Business
Social platforms, crypto exchanges can help fight money laundering and fraud, say Fintech Festival panellists
They add that the transboundary nature of financial crimes make data sharing between jurisdictions tricky A CALL went out on Thursday (Nov…
Business
China expands its EV charging network as sales surge
China had a total of 11.43 million electric vehicle (EV) charging points installed across the country as of the end of September 2024,…
Business
Indonesian court affirms 1.7 trillion rupiah civil claim against Keppel unit is inadmissible
The DKI Jakarta Province High Court has also ordered the claimant to pay court costs AN INDONESIAN High Court has affirmed an earlier…
Business
Sweden central bank makes biggest rate cut since 2014
SWEDEN’S central bank made its biggest interest rate cut since 2014 on Thursday (Nov 7) and signalled more reductions were forthcoming to…
Business
Genting Singapore Q3 profit dives 63% to S$79.4 million
INTEGRATED resort operator Genting Singapore on Thursday (Nov 7) posted net profit after tax of S$79.4 million for the third quarter ended…
Business
Air France-KLM warns of higher annual costs after Q3 profit miss
AIR France-KLM reported a bigger-than-expected drop in its quarterly operating result on Thursday (Nov 7), impacted by the Paris Olympic…
Business
China’s central bank pauses gold purchases for sixth straight month
CHINA’S central bank refrained from purchasing gold for its reserves for the sixth consecutive month in October, according to official…
Business
Delivery Hero sees 2024 earnings at low end of previous forecast
DELIVERY Hero tempered profit expectations for the year, a sign of strain in the company’s strategic overhaul in the competitive food…
Business
AstraZeneca’s US$1.5 billion manufacturing plant to create over 800 jobs in Singapore
ASTRAZENECA plans to hire more than 800 employees in Singapore including engineering, technical services and global supply chain roles at…
Business
OCBC to make cross-border payments available to over 50 digital wallets by 2026
The bank is starting with Chinese digital wallets Weixin Pay (WeChat Pay) and Alipay OCBC is collaborating with Visa to make cross-border…
Business
China tells banks to cut interbank deposit rates to boost growth
CHINESE regulators told the nation’s banks to lower rates they paid to deposits from other financial institutions to free up funds to…
Business
Snow back on Mount Fuji after longest absence
Japan's Mount Fuji has seen its first snowfall after going through the longest period without snow since records began 130 years ago. Snow…
Business
Vietnam sets dong fix rate at record low amid US dollar strength
VIETNAM set its reference rate for the dong at a record low, setting the stage for more weakness in the South-east Asian nation’s currency…