Carlsberg misses first-half forecasts, warns of difficult year
It raised its full-year profit guidance, breaking with those rivals who opted to keep their forecasts unchanged Carlsberg missed half-year profit and volume forecasts on Thursday…
Section
Fashion
Tencent’s AI restraint shows risk of Alibaba, JD food war
China’s biggest tech companies are bouncing back after years on the ropes with outsized ambitions to dominate in everything from robots and smart glasses to cheap meals. But investors want…
Sime Darby seeks loan to build Malaysian data centre for Google
The AI frenzy has fuelled demand for funding the centres in Asia, resulting in a series of record-breaking loans for operators Malaysian developer Sime Darby Property is in talks…
How Nippon Paint tycoon Goh Cheng Liang grew his empire to a US$13 billion fortune
Singapore’s richest man Goh Cheng Liang, who died this week, kept a low profile for years compared with his other billionaire counterparts. The self-made tycoon, who was 98 when he died,…
South Korea to announce plan to restructure petrochemical sector facing ‘grave’ situation
South Korea’s government will announce a plan this month to restructure the country’s petrochemical sector, which is in a “grave” situation, Industry Minister Kim Jung Kwan said on…
Shares of UOL, PropNex surge 5% following H1 results
Shares of Singapore Exchange (SGX)-listed real estate companies in Singapore such as UOL Group and PropNex rose by more than 5 per cent in early trade on Thursday (Aug 14), after the…
Lenovo’s profit beats estimates with PC growth and AI demand
US President Donald Trump has announced tariffs on imports from some trading partners and declared plans for a 100% levy on chips, raising concerns for the PC industry Lenovo…
CapitaLand Investment slides 3.2% on lower H1 earnings
Its H1 net profit fell 13 per cent to S$287 million from S$331 million in the year-ago period Shares of CapitaLand Investment (CLI) fell in early trade on Thursday (Aug 14) after the asset…
Bessent says BOJ is falling behind the curve, expects hike
US Treasury Secretary Scott Bessent said the Bank of Japan (BOJ) is falling behind the curve in addressing inflation, in a rare comment admonishing policy decisions by a foreign central…
Manulife US Reit posts 34.9% lower H1 distribution per unit of US$0.0084
The manager of Manulife US Real Estate Investment Trust (Reit) on Thursday (Aug 14) reported a distribution per unit for the first half of FY2025 of US$0.0084, down 34.9 per cent from…
Olam H1 profit rises 574% to S$323.8m as continuing operations swing into the black
Olam Group posted a 574 per cent rise in net profit to S$323.8 million for its first half year ended Jun 30, from S$48 million in the previous corresponding period. This includes profit…
StarHub H1 profit falls 41.7% to S$47.9 million; dividend of S$0.03 per share declared
Telco StarHub on Thursday (Aug 14) reported a net profit of S$47.9 million for the first half ended Jun 30, 2025, sliding 41.7 per cent from S$82.1 million in the corresponding year-ago…
StarHub signals intention to go aggressive on acquisitions even as H1 profit falls 41.7%
StarHub chief executive Nikhil Eapen on Thursday (Aug 14) declared that the telco will continue to be aggressive on acquisitions. “We have a big war chest,” said Eapen at a briefing…
Stocks to watch: StarHub, Olam, CapitaLand Investment, Mapletree Logistics Trust, ComfortDelGro
The following companies saw new developments that may affect trading of their securities on Thursday (Aug 14): StarHub: The telco on Thursday reported a net profit of S$47.9 million for…
Telstra logs higher annual profit, announces A$1 billion buyback
Australian telecom firm Telstra Group forecast higher operating earnings for fiscal 2026 and reported a 31 per cent rise in its fiscal 2025 profit on Thursday, driven by…
Aoxin Q&M Dental H1 net profit down 44.3% at 2.7 million yuan
Revenue rises 4.6% to 86.8 million yuan, from 83 million yuan in the year-ago period Catalist-listed Aoxin Q&M Dental on Thursday (Aug 14) posted a 44.3 per cent fall in net profit to 2.7…
CapitaLand Investment H1 profit down 13% at S$287 million
CapitaLand Investment (CLI) on Thursday (Aug 14) posted a net profit of S$287 million for its first half ended Jun 30, 2025, 13 per cent lower than S$331 million in the year-ago period.…
Striking Boeing defence workers turn to US Congress
BOEING defence industry workers currently on strike asked for congressional lawmakers’ support on Wednesday as they seek to pressure the aviation giant to improve its bargaining offer to…
Oracle cuts cloud division jobs amid surge in AI spending
Many tech giants have sought to deal with the surging costs of artificial intelligence by reducing expenses in other parts of the business Oracle is cutting jobs in its closely…
Europe: Shares near two-week highs on Fed rate cut expectations
EUROPEAN shares hit a near two-week high on Wednesday, underpinned by gains in heavyweight healthcare and technology stocks, as near-certain expectations that the US Federal Reserve will…
US: S&P 500, Nasdaq drift to fresh records, extending rally
Wall Street stocks pushed higher on Wednesday, lifting the S&P 500 and Nasdaq to fresh records as markets extended a rally following data showing US inflation remains stable.…
Mapletree Logistics Trust to divest logistics property in Australia for A$60 million
Its manager says the capital freed up will give MLT room to pursue investment openings in modern, high-spec facilities with more growth potential Mapletree Logistics Trust is to divest its…
US: S&P 500, Nasdaq hit record highs at open on September rate cut hopes
Wall Street’s main indexes opened higher on Wednesday (Aug 13) with the benchmark S&P 500 and the Nasdaq hitting record highs, underpinned by growing optimism that the Federal…
Food Empire reports net loss of US$1.5 million, declares first-ever interim dividend of S$0.03
Food Empire reported a net loss of US$1.5 million for the first half-year ended Jun 30, the group said in a bourse filing on Wednesday (Aug 13). This resulted from a US$32.6 million fair…