Business
Walmart Racks Up Sales Record but Sees Slower Growth Ahead
Walmart, the largest retailer in the United States, said on Thursday that strong holiday sales propelled its revenue to another annual…
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Business
Business
A Trump DOGE Dividend Could Raise Inflation
DealBook’s Lauren Hirsch is in Miami Beach at the FII Priority conference, where President Trump floated the idea of sending Americans a…
Business
Sing Investments & Finance H2 net profit up 21% at S$20.3 million
SING Investments & Finance (SingFinance) posted a 21 per cent increase in net profit to S$20.3 million for the half year ended Dec 31,…
Business
Ant Group’s profit rises with Jack Ma back in the public eye
ANT Group’s quarterly profit surged more than 50-fold after it benefited from an investment gain, a major boon for the Chinese fintech…
Business
UOL unit, partner win tender for residential site in Shanghai
A UNIT of property developer UOL Group, together with an industry partner, has won a nine billion yuan (S$1.7 billion) tender for a…
Business
Alibaba revenue beats estimates as signs of a comeback mount
ALIBABA Group Holding posted its fastest pace of revenue growth in more than a year, reflecting a turnaround in its commerce business and…
Business
Europeans Owe the World 300 Hours of Work per Year
Europe can again become the place the world talks about when it talks about the economic frontier. Europeans have nothing to lose but…
Business
Wilmar posts 39.4% fall in H2 net profit on absence of year-ago gain, weak sugar price
AGRIBUSINESS Wilmar International posted a 39.4 per cent fall in net profit to US$590.2 million for the six months ended December 2024.…
Business
Genting Singapore posts 34% fall in H2 net profit to S$222 million
GENTING Singapore posted a 34 per cent fall in net profit to S$222 million for the half year ended Dec 31, 2024, from S$334.9 million in…
Business
Clean Energy Was Lifting Manufacturing. Now Investment Is in Jeopardy.
American manufacturing has been in the doldrums for years, battered by high borrowing costs and a strong dollar, which makes exports less…
Business
Singapore shares decline amid hawkish Fed minutes; STI loses 0.2%
SINGAPORE equities ended Thursday (Feb 20) lower, as markets reacted to the US Federal Reserve’s January meeting minutes. The local…
Business
Singapore shares decline amid hawkish Fed minutes; STI down 0.2%
Across the broader market, losers beat gainers 320 to 205, after 1.5 billion securities worth S$1.4 billion change hands SINGAPORE stocks…
Business
TikTok restructures trust and safety team, lays off staff in unit: sources
The layoffs began the same day for teams in Asia and Europe, Middle East and Africa TIKTOK is laying off global staff at its trust and…
Business
TikTok cuts trust and safety jobs in Singapore as part of global layoffs
AT LEAST a dozen TikTok employees in Singapore were let go with immediate effect, as the firm trimmed its back-end teams globally to…
Business
DeepSeek rally helps Chinese tech firms raise more funds
Listed Chinese companies have raised more than US$1 billion globally through placements so far this year, with most of it in February THE…
Business
Singapore’s Abaxx Exchange plans gold futures as metal surges
SINGAPORE’S Abaxx Exchange plans to introduce gold futures in the coming months, with prices setting fresh records this year as traders…
Business
Growth in global private equity deal flow may be slower than expected this year: Preqin
INVESTORS forecasting a quick uptake in global private equity (PE) activity this year may be disappointed, especially if the gap in…
Business
Airbus sets modest 2025 jet delivery goal amid supply snags
AIRBUS estimated it will deliver 820 aircraft this year, setting modest target as the planemaker contends with trade tensions, persistent…
Business
Japan’s Suzuki aims to boost sales by a third by 2030, invest heavily in India
JAPANESE small car maker Suzuki Motor said it will target 4.2 million vehicles in global sales in five years’ time – an increase of nearly…
Business
Analysts raise target prices, dividend estimates on UOB as they get positive on earnings outlook
Maybank forecasts return on equity to increase, thereby driving higher valuations ANALYSTS have raised their target prices for UOB after…
Business
Lenovo’s profit beats estimates as AI fuels PC recovery hopes
Investors are betting that PC makers from HP to Dell Technologies will benefit in 2025 as consumers pick up devices with more AI features…
Business
KKR wins control of US$4.4 billion Fuji Soft after clash with Bain
The scramble to take Fuji Soft private is rooted in the value of the software company’s trove of human resources and real estate KKR has…
Business
Manulife US Reit to sell Plaza office building for US$40 million as H2 distributable income falls 57.6%
THE manager of Manulife US Real Estate Investment Trust (Reit) reported on Thursday (Feb 20) that its distributable income fell 57.6 per…
Business
‘Significant’ investor interest in South-east Asia’s wellness real estate sector amid global boom: CLI
INVESTOR interest in wellness real estate is steadily on the rise and South-east Asia offers significant opportunities within its health…