German chemicals giant Bayer cuts key target amid weedkiller woes
GERMAN chemicals giant Bayer cut its forecast for 2024 operating earnings on Tuesday (Nov 12), after a poor performance in its agrochemicals division hit quarterly profits. The group…
Swedan Margen
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Shell wins appeal against landmark Dutch climate ruling
It is unclear whether demands on the company to reduce emissions caused by use of Shell products will help the fight against climate change, court says OIL and gas company Shell on Tuesday…
DBS nominates Rajat Verma to be next India CEO: sources
DBS’ India unit has nominated its head of institutional banking, Rajat Verma, to be its new CEO, two people familiar with the matter said. Verma is slated to replace Surojit Shome, who has…
Britain’s FCA fines Metro Bank £16 million for anti-money laundering failings
BRITAIN’S Financial Conduct Authority (FCA) has fined Metro Bank £16 million (S$27.4 million), for failings in its anti-money laundering controls between June 2016 and December 2020. The…
Airbus says China certification for A330neo jet progressing smoothly
THE head of Airbus China said on Tuesday (Nov 12) that Chinese certification of its A330neo jet was going smoothly and the first delivery of the widebody model in the country could come in…
Brokers’ take: RHB upgrades Bumitama Agri to ‘buy’ on CPO price rally
WITH the continued run-up in crude palm oil (CPO) prices, RHB Research has upgraded its call on palm oil producer Bumitama Agri to “buy” from “neutral” with a higher target price of S$0.95…
Frasers Hospitality Trust posts 0.8% fall in DPS to S$0.011682 for H2
FRASERS Hospitality Trust (FHT) recorded distribution per stapled security (DPS) of S$0.011682 for the second half of its financial year ended Sep 30, down 0.8 per cent from S$0.011777 for…
Asian Pay TV Trust’s Q3 net profit falls 36.5% to S$6.5 million
ASIAN Pay Television Trust’s (APTT) net profit for the third quarter ended September 2024 fell 36.4 per cent to S$6.5 million from S$10.2 million in Q3 FY2023. This was mainly due to lower…
Grab returns to profit in third quarter, raises 2024 revenue forecast
Group-adjusted Ebitda is US$90 million for the quarter, an improvement of 224% year on year Grab on Tuesday (Nov 12) reported third-quarter earnings that showed it turned back to being…
Grab returns to profit in Q3, raises 2024 revenue forecast
Group-adjusted Ebitda is US$90 million for the quarter, an improvement of 224% year on year Grab on Tuesday (Nov 12) reported third-quarter earnings that showed it turning back to being…
CICT sells 21 Collyer Quay for S$688 million; trust earlier reported to be eyeing up to S$850 million
CAPITALAND Integrated Commercial Trust (CICT) has divested 21 Collyer Quay, an office building located in Raffles Place, for S$688 million. The sale price is in line with the property’s…
BlackRock targets money-market fund business in new ETF push
BLACKROCK is throwing its weight behind an early push to bring exchange-traded funds (ETFs) to money-market investors. The asset-management company – which helped hasten the widespread…
Tesla fans go all in driving US$300 billion rally on Trump win
TESLA fans have been reinvigorated by Donald Trump’s presidential triumph. The stock’s climb has been seemingly unstoppable as investors pile into the shares, confident that a second Trump…
FTX sues Binance and its former CEO for US$1.8 billion
COLLAPSED cryptocurrency company FTX is suing Binance and its former CEO Zhao Changpeng, alleging that US$1.8 billion was “fraudulently transferred” by FTX management to Binance and its…
Mackenzie Elizabeth Michalski: Irishman Who Killed US Nurse During Holiday in Hungary Before Stuffing Her in Suitcase Searched If 'Pigs Eat Bodies'
Chilling new details have emerged in the brutal killing of a U.S. nurse in Hungary, allegedly involving an Irishman who reportedly stuffed her in a suitcase before discarding it near a…
Brewing Love Episode 3 Recap, Review, and Reactions
Brewing Love episode 3 aired on ENA on Monday (November 11) at 10:00 pm KST. The chapter followed legendary sales queen Chae Young Ju and brewmaster Yoon Min Ju. It featured the blossoming…
Morgan Stanley’s PE arm to sell HVAC firm to Goldman Sachs Alternatives
MORGAN Stanley’s private equity arm is selling its heating, ventilation and air conditioning (HVAC) business Sila Services, about three years after it invested in the company to take…
US: Wall Street at record highs as post-election rally continues
WALL Street’s main indexes opened at record highs on Monday (Nov 11) as optimism on proposed tax cuts and expectations of an easier regulatory environment after Donald Trump won the US…
Lendlease Global Reit posts 89.5% committed occupancy portfolio for Q1 FY2025
LENDLEASE Global Commercial Reit (Lendlease Global Reit) on Monday (Nov 11) posted a committed portfolio occupancy of 89.5 per cent for the first quarter ended Sep 30, up from 89.1 per…
Amazon developing driver eyeglasses to shave seconds off deliveries: sources
AMAZON is developing smart eyeglasses for its delivery drivers to guide them to, around and within buildings, as it tries to smooth the final stretch of an order’s journey to a customer’s…
Food Empire’s Q3 revenue up 11.4% on strong showing across Asia markets
MAINBOARD-LISTED Food Empire on Monday (Nov 11) posted an 11.4 per cent rise in revenue to US$118.9 million for its third quarter ended Sep 30, from US$106.7 million a year ago. This was…
DBS CEO Piyush Gupta sells S$12.6 million worth of shares as DBS hits all-time high
DBS’ shares have shot past the S$40 mark in a rally; other major banks’ shares have also rallied amid bright Q3 earnings results OUTGOING DBS chief executive officer Piyush Gupta sold lots…
Singapore stocks rise despite tepid regional sentiment; STI up 0.4%
Across the broader market, losers beat gainers 354 to 229 with 1.9 billion securities worth S$1.5 billion changing hands SINGAPORE stocks ended in the black on Monday (Nov 11) even as…
Australia’s HMC Capital to list data centre trust worth A$4 billion
AUSTRALIA’S HMC Capital will press ahead with the initial public offering of its data centres business that would be worth A$4 billion (S$3.5 billion), according to its regulatory filings…