Gold extends gains on Fed rate cut, but heads for weekly fall
GOLD prices inched higher on Friday (Nov 8), extending gains spurred by the US Federal Reserve’s widely anticipated quarter-point rate cut amid a cooling labour market and solid economic…
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Attika Group makes trading debut at S$0.21, below IPO price
SHARES of Attika Group commenced trading on the Catalist board at S$0.21 on Friday (Nov 8), down 4.5 per cent from its initial public offering (IPO) price of S$0.22. This debut price is…
Taiwan’s TSMC says US investment plan is unchanged after election
CHIPMAKER Taiwan Semiconductor Manufacturing Company’s (TSMC) investment plan in the United States remains unchanged, the company said, responding to a question on the election of…
‘I would do it differently, if I were to do it again’: Outgoing DBS CEO on bank’s tech capabilities
OUTGOING DBS chief executive Piyush Gupta would have done things differently if he were given another chance to build the bank’s technology capabilities. Gupta’s 15-year tenure as head…
United Hampshire US Reit Q3 distributable income falls 14.6% to US$6 million
UNITED Hampshire US Reit’s distributable income for the third quarter ended Sep 30 declined 14.6 per cent to US$6 million, from US$7.1 million in the previous corresponding period. The…
Cryptocurrencies tainted by SEC suits surge after Trump victory
THE likely departure of US Securities and Exchange Commission (SEC) chair Gary Gensler following Donald Trump’s victory in the presidential race is sparking a rally in cryptocurrencies…
Elwood Edwards, voice of the ‘You’ve got mail’ AOL email greeting, dies at 74
Elwood Edwards, a media multihyphenate who voiced AOL’s iconic greeting “You’ve got mail,” has died. Edwards died Tuesday at age 74 in New Bern, N.C., after a long illness, his former…
UOB posts 16% higher Q3 profit of S$1.61 billion
UOB’s net profit for the third quarter ended September 2024 rose 16 per cent year on year to S$1.61 billion, from S$1.38 billion the year before. Its results released Friday (Nov 8) beat…
UOB surpasses estimates with 16% higher Q3 profit of S$1.61 billion
UOB’S net profit for the third quarter ended September rose 16 per cent year on year to S$1.61 billion, from S$1.38 billion the year before. Its results released on Friday (Nov 8) beat the…
Bank of England says unwind of trade that rocked gilt market likely over
BANK of England (BOE) officials said the UK bond sell-off that followed last week’s budget announcement was exacerbated by investor positioning, a signal they believe the worst of the…
Expedia raises full-year guidance, beats on gross bookings
EXPEDIA Group posted better-than-expected grossing bookings in the third quarter and said it was raising its full-year guidance, suggesting that demand has proven stronger than the company…
Pinterest gives weak holiday forecast as it lags behind peers
PINTEREST fell in late trading after forecasting weak sales for the holiday quarter, a sign the search and discovery network is struggling to keep pace with larger peers such as Meta…
Can B Corps save the world?
THE “shareholder primacy” doctrine that promoted profit maximisation as the purpose of business is fading. The increasing wealth gap, widening social inequality and environmental…
US banks to gain from looser capital, merger policies under Trump
THE banking industry is expected to win big as former President Donald Trump returns to the White House, ushering in Republican regulators who are expected to ease capital rules and merger…
Moderna reports surprise profit on higher-than-expected Covid vaccine sales
MODERNA reported a surprise third-quarter profit on Thursday (Nov 7), driven by cost cutting and higher-than-expected sales of its Covid-19 vaccine, even with low revenue from its new…
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), extending a sharp rally sparked by Donald Trump’s…
Trump win casts fresh doubts over Wall Street’s China strategy
MORE US financial firms may pull back from China, hive off local units to minimise risks or pause expansion plans on concerns about geopolitical tensions in a Donald Trump presidency,…
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 its target of US$4.5 billion for the 2024 financial…
Watch industry failing to make models women want: survey
THE watch industry is not producing and marketing enough models that women want to wear, a survey has found. Women are increasingly shunning timepieces that target their gender, yet too…
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 luxury segment amid the ongoing battle to court the…
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 positions at risk, the Manager Magazin reported on…
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 court decision that a claimant’s 1.7 trillion rupiah…
S-Reits tumble on Trump’s election triumph
Concerns over rising US government debt and inflation have driven up Treasury yields SINGAPORE-LISTED real estate investment trusts or S-Reits fell to the bottom of the Singapore Exchange…
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 Sep 30, sliding 63 per cent from S$216.3 million…