Uber boosts buybacks by US$20 billion after upbeat forecast
Uber Technologies announced US$20 billion in new stock buybacks after sharing a better-than-expected third-quarter forecast and quarterly results, suggesting that growth at its core…
Section
Fashion
McDonald’s global sales top estimates as affordable meal options boost demand
McDonald’s global comparable sales beat Wall Street expectations for second quarter, as affordable meal bundles and promotions drew in budget-conscious diners looking to stretch their US…
Venture Corp Q2 profit edges up to S$57.1 million; H1 earnings remain lower
Technology solutions provider Venture Corp posted a 2.3 per increase in net profit to S$57.1 million for its second quarter ended June 2025, up from S$55.9 million in the previous quarter.…
Singapore stocks rise for third straight day amid mixed regional showing; STI up 0.5%
Local stocks closed higher on Wednesday (Aug 6), marking a third consecutive day of gains despite a mixed regional market performance and Wall Street’s decline the previous day. The US…
Air India taps Singapore Airlines to bolster fleet upkeep after crash: sources
Air India plans to lean on shareholder Singapore Airlines (SIA) to move some aircraft maintenance services in-house instead of outsourcing them to a state-owned company, according to…
Honda posts 50% fall in Q1 operating profit on tariffs, lifts full-year forecast
The automaker says full-year operating profit took a smaller hit from tariffs than initially projected in May Honda Motor reported a 50 per cent drop in first-quarter operating…
India’s central bank holds rates as expected, but growth risks linger
The Reserve Bank of India (RBI) kept its key repo rate steady at 5.50 per cent on Wednesday, in line with expectations, as policymakers waited to see the impact of recent rate cuts…
The evolving role of listed company directors
Singapore is on a mission to revitalise its capital markets. A high-level working group chaired by Minister for National Development Chee Hong Tat has been set up, and a slew of measures…
Chinese hotel chain Atour is said to seek second listing in Hong Kong
Its American depositary receipts have more than tripled since, valuing the company at about US$4.8 billion Hotel chain Atour Lifestyle Holdings is considering a second float in…
Cathay Pacific warns of declining airfares and uncertain cargo outlook, shares fall 10%
Cathay Pacific Airways on Wednesday (Aug 6) warned of declining airfares, challenges at its budget carrier and uncertain cargo market conditions, sending its shares down more than 10 per…
Cathay Pacific warns of declining fares and cargo uncertainty, shares fall
Cathay Pacific Airways warned on Wednesday (Aug 6) of declining airfares, challenges at its budget carrier and uncertain cargo market conditions, sending its shares down almost 10 per cent…
Wee Hur jumps 6.5% to record high as Australia raises cap on foreign students
Shares of student accommodation operator Wee Hur hit an all-time high on Wednesday (Aug 6), following news that Australia will lift its foreign student cap in 2026. As at 1.57 pm, the…
AMD’s China concerns overshadow upbeat sales forecast for AI
Advanced Micro Devices (AMD), the second-largest maker of artificial intelligence (AI) processors, said that the chipmaker’s return to the crucial China market is difficult to predict,…
These 5 SGX listcos made it to Forbes Asia’s ‘Best Under A Billion’ list
Forbes Asia announced its 2025 “Best Under A Billion” list on Tuesday (Aug 5), which comprises 200 top-performing small and mid-cap firms in the Asia-Pacific region this year. The…
Australia: Miners, banks propel shares to record high; RBA outlook in focus
AUSTRALIAN shares rose to a record peak on Wednesday, supported by strong performances among miners and banks, while investors almost fully priced in the likelihood of an interest rate cut…
EuroSports Global executive chairman and CEO Melvin Goh not stepping down despite being charged
Board decides he is suitable to continue his current roles after nominating committee re-assesses the matter Catalist-listed luxury automobile distributor EuroSports Global’s executive…
Trump says banks discriminate against his supporters
US President Donald Trump on Tuesday (Aug 5) said he believes that banks discriminate against him and his supporters, adding that Bank of America and JPMorgan Chase had previously refused…
Keppel lowers prices on the sale of stakes in Saigon Sport City
Keppel has amended the terms of the sale of its 70 per cent stake in Saigon Sport City, with the prices lower than earlier announced, a regulatory filing of the asset manager and operator…
US: Wall Street opens higher on rate cut hopes; earnings in spotlight
Wall Street futures opened higher on Tuesday (Aug 5), supported by ongoing optimism over potential Federal Reserve interest rate cuts, while investors assessed a fresh batch of…
Mapletree Pan Asia Commercial Trust prices S$200 million of green notes at 2.45%
Proceeds will be used to finance or refinance eligible green projects of MPACT and its subsidiaries, says Reit manager Mapletree Pan Asia Commercial Trust (MPACT) has priced S$200 million…
F&N’s 9-month profit dips 3.9% to S$118.2 million, despite 10% revenue growth
Beverage maker Fraser and Neave (F&N) posted a net profit of S$118.2 million for the nine months ended Jun 30, a 3.9 per cent decrease from the S$123 million in the same period the year…
Alibaba to shut premium Hema X outlets after rivalry heats up
The move marks a strategic retreat from a model that failed to gain traction against Walmart’s Sam’s Club and Costco Wholesale Alibaba Group Holding plans to gradually wind down…
Hong Kong resumes currency intervention spree amid low rates
Hong Kong’s brief pause from defending its beleaguered currency proved to be short-lived, as the authorities were forced to buy local dollars for the third time in a week amid stock…
White House readies order to fine banks for dropping clients over politics: WSJ
The order would authorise monetary penalties, consent decrees or other disciplinary measures against violators The White House is drafting an executive order that would impose…