Business
Stocks to watch: SGX, CLCT, CapitaLand China Trust, Frasers Hospitality Trust
THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 6): Singapore Exchange: The…
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Business
Business
SGX’s H1 net profit rises 20.7% to S$340 million
Cash equities and equity derivatives segment leads the group’s broad-based performance THE Singapore Exchange (SGX) on Thursday (Feb 6)…
Business
SGX’s H1 net profit rises 20.7% to S$340 million following high growth in all revenue segments
THE Singapore Exchange (SGX) on Thursday (Feb 6) posted a net profit of S$340 million for the first half ended December, up 20.7 per cent…
Business
SoftBank nears deal to acquire chip designer Ampere
SOFTBANK Group is in advanced talks to acquire Ampere Computing, sources familiar with the matter said. The Japanese company is discussing…
Business
Coffee soars to record US$4 mark as supply fears power rally
Fears have grown about future output in top-grower Brazil after a prolonged drought ARABICA coffee topped US$4 per pound in New York for…
Business
Forever 21 considers bankruptcy filing if asset-sale plans fail
FOREVER 21 is considering multiple options to turn around its business, which could include a second bankruptcy filing, according to…
Business
Why Sabana Reit should hold off on asset sales for now
Such action would have been more appropriate when Sabana Reit tried to merge with ESR Reit in 2020, or when it first started the perilous…
Business
Novo Nordisk Annual Sales Jump on Demand for Ozempic and Wegovy
Novo Nordisk, the Danish pharmaceutical company behind Ozempic and Wegovy, capped off a somewhat turbulent 2024, reporting profit and…
Business
Tesla’s European Sales Drop in January After Elon Musk Disrupts Politics
Tesla’s sales in Germany plunged 59 percent in January, the month when Elon Musk, the company’s chief executive and a close adviser to…
Business
Vanguard’s record fee cuts tighten screws on BlackRock, Invesco
VANGUARD Group’s biggest salvo yet in its campaign to cut fees for the investing masses presents industry rivals with a painful choice.…
Business
Google shares plummet after earnings disappoint
Just a few minutes after trading opened in New York, shares in Google-parent Alphabet were down 7.16% Shares in Google dropped by more…
Business
NASA Gave Up a Ride to the Moon. This Startup’s Rover Took It.
NASA’s second thoughts about VIPER opened an opportunity for someone else to book that ride to the moon. Just because its cargo was…
Business
US: Nasdaq, S&P 500 open lower as Alphabet, AMD forecasts disappoint
THE tech-heavy Nasdaq led losses among the major Wall Street indexes at the open on Wednesday (Feb 5), following downbeat forecasts from…
Business
Parkway Life Reit H2 DPU falls 1.3% to S$0.0738 on enlarged unit base
THE distribution per unit (DPU) of (Reit) for the second half ended Dec 31, 2024, was S$0.0738, sliding 1.3 per cent from S$0.0748 in the…
Business
U.S. Trade Deficit Hit Record in 2024 as Imports Surged
The U.S. trade deficit in goods hit a record last year, as American consumers snapped up imported products and a strong U.S. dollar…
Business
Uber’s fourth-quarter earnings miss overshadows bookings growth
UBER Technologies reported weaker-than-expected fourth-quarter earnings and operating income, overshadowing steady bookings growth.…
Business
CapitaLand Malaysia Trust to buy three freehold industrial properties in Johor-Singapore SEZ for RM72 million
CAPITALAND Malaysia Trust (CLMT), a subsidiary of CapitaLand Investment, on Wednesday (Feb 5) signed a conditional agreement to acquire…
Business
Honda and Nissan Merger Talks in Peril
Nissan Motor and Honda Motor have hit a standstill negotiating the terms of a merger, announced less than two months ago, that would have…
Business
New York Times Reports 350,000 Additional Digital Subscribers
The New York Times Company added 350,000 digital-only subscribers in the last quarter, the company said Wednesday, pushing the total…
Business
German workers at carmaker VW meet for first time since deal on cuts
The Volkswagen logo is seen on the roof of the VW brand tower. Volkswagen workers gathered at the company's headquarters in Wolfsburg on…
Business
Over 500 investors start claims process against Switzerland for Credit Suisse AT1 write-down: Singapore law firm
They are claiming losses amounting to about US$250 million, making it the the largest claim against the European country in treaty…
Business
Over 500 investors, including 300 Singaporeans, kick off claim against Switzerland over Credit Suisse bond losses of over US$250 million
Drew & Napier is leading action by investors who saw their investments wiped out when CS AT1 bonds were written down as part of takeover…
Business
'Visionary' South African businessman Douw Steyn dies
South African billionaire and businessman Douw Steyn, who founded the BGL Insurance Group and was a good friend of late South African…
Business
Huawei chairman says 2024 revenue exceeded 860 billion yuan
HUAWEI’S chairman said on Wednesday (Feb 5) that the tech company’s annual revenue exceeded 860 billion yuan (S$159.6 billion) last year,…