Netflix’s ad-supported tier hits 70 million users
NETFLIX said on Tuesday (Nov 12) its ad-supported tier had reached 70 million monthly active users globally, nearly doubling from about six months earlier as customers seek more affordable…
Section
Fashion
Quarz pares stake in Sabana Reit as Volare adds
The transaction increases Volare’s deemed interest in the trust to 19.79% from 17.79% SWISS group Volare has scooped up the 22.5 million shares in Sabana Industrial Real Estate Investment…
Shopify delivers upbeat holiday forecast as AI draws customers, shares surge
SHOPIFY forecast fourth-quarter revenue growth above estimates on Tuesday (Nov 12), as the Canadian company’s focus on employing AI-powered tools attract more merchants to its e-commerce…
US dollar roars with Bitcoin as Trump trades shine; euro and yuan slump
THE US dollar rose to a four-month peak versus major peers on Tuesday (Nov 12), while Bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from…
Sea stays above water, posts US$153.3 million Q3 profit
The company beat estimates from a Bloomberg poll of 13 analysts, which projected a net profit of US$128.6 million GAMING and e-commerce player Sea reported a US$153.3 million net profit…
Bukit Sembawang reports surge in H1 FY2025 earnings to S$62.9 million
PROPERTY developer Bukit Sembawang reported a 149 per cent surge in H1 FY2025 ended Sept 30 earnings to S$62.9 million from S$25.2 million the previous year. In a bourse filing on Tuesday…
Bukit Sembawang’s H1 FY2025 earnings surge to S$62.9m
PROPERTY developer Bukit Sembawang reported a 149 per cent surge in earnings to S$62.9 million for the first half of FY2025 ended Sep 30, from S$25.2 million the previous year. In a bourse…
Boustead Singapore posts 34% higher H1 profit of S$36 million
INFRASTRUCTURE-RELATED engineering and technology group Boustead Singapore posted a 34 per cent rise in net profit to S$36 million for its first half of FY2025 ended Sep 30, 2024. The…
Singapore stocks fall as US dollar strength weighs on Asian stock indices; STI drops 0.8%
The trade-weighted US dollar index is at its highest since Jul 2, and up 4.9% in this quarter SINGAPORE stocks fell on Tuesday (Nov 12) as regional sentiment weakened after the US dollar…
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…
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…