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The dispute has triggered concerns of production stoppages, especially in the European auto industry Wingtech Technology says any deal to restart Nexperia’s exports from China must include…
[BEIJING/SHANGHAI] Four of China’s largest five state-owned banks reported steady profits on Thursday (Oct 30), but their margins came under pressure from a prolonged property slump and…
Cordlife announced that its executive chairman Zhai Lingyun has stepped down in a bourse filing on Thursday (Oct 30). Zhai told the board that he resigned in order to focus on other…
Wall Street’s main stock indexes opened lower on Thursday (Oct 30) after mixed earnings reports from large technology firms and comments from federal reserve chair Jerome Powell sowed…
Volkswagen’s operating loss in Q3 was down from a 2.8-billion-euro operating profit for the group a year earlier An expensive course correction at subsidiary Porsche dealt Volkswagen a…
Mastercard reported a jump in third-quarter profit on Thursday (Oct 30), as sustained consumer spending boosted payment volumes on its networks. Consumer spending has proven resilient,…
Net profit hits 7.8 billion yuan as revenue slips 3.1%, marking first decline in five years — Chinese electric vehicle maker BYD posted a 32.6…
Local demand for gold bars and coins rises 47%, but jewellery consumption slumps 8% Strong investor appetite in Singapore, which resulted in a 47 per cent year-on-year jump in demand to…
Revenue is up 14.4% for period, mainly driven by an increase in the number of stores Sheng Siong reported an 11.9 per cent increase in earnings to S$43.7 million in the third quarter ended…
Keppel was the top gainer on the index, rising 1.6%, while Mapletree Industrial Trust was the worst performer, falling 2.7% Singapore stocks ended lower on Thursday (Oct 30), amid mixed…
Shrinking market share, weak demand and US tariffs prompt Puma to warn of annual loss German sportswear maker Puma on Thursday (Oct 30) said it would cut 900 jobs in its corporate…
Lufthansa reported quarterly operating earnings slightly above expectations on Thursday and said the outlook for the fourth quarter was strong and demand set to improve, though bookings on…
Prudential on Thursday (Oct 30) posted a 13 per cent year-on-year rise in “new business profit” (NBP) for its third quarter ended Sep 30. The insurance company also announced the departure…
Alphabet, Meta Platforms and Microsoft, together have racked up some US$78 billion in capital expenditures last quarter The largest technology companies are betting on an artificial…
[BUSAN, South Korea] US President Donald Trump said he had struck a deal to reduce tariffs on China to 47 per cent in exchange for Beijing resuming US soybean purchases, keeping rare…
The Bank of Japan kept interest rates on hold Thursday at 0.5 per cent, as widely expected by economists. The announcement came after the first monetary policy meeting since Sanae Takaichi…
Lim and the NTUC Enterprise board acknowledge that the German insurer’s offer could have been managed better Former Cabinet minister Lim Boon Heng said he takes “ultimate responsibility”…
CHINESE shares climbed to a decade high on Thursday as US President Donald Trump and Chinese President Xi Jinping began a high-stakes meeting, fuelling cautious optimism for a potential…
Investors cheer easing US-China tensions but stay cautious, wary a final deal may disappoint Chinese shares pulled back from a decade high on Thursday (Oct 30) as US President Donald Trump…
Focus now shifts to US President Trump’s meeting with Chinese leader Xi Jinping in South Korea later in the day Gold prices edged higher on Thursday (Oct 30), as a slight pullback in the…
Indonesian bonds have room to rally further, according to strategists, on expectations of further interest-rate cuts by the central bank. Nomura Holdings says the benchmark 10-year yield…
Foreign outflows from Vietnam stocks are easing, helped by renewed strength in the country’s currency and lower valuations. Global funds sold a net US$723 million of local shares this…
Britain’s energy regulator Ofgem announced plans on Thursday to tackle £4.4 billion (S$7.5 billion) of debts built up by customers, which are driving up bills for millions of households.…
Hong Kong’s de-facto central bank on Thursday lowered its base interest rate by 25 basis points to 4.25 per cent, tracking a cut by the US Federal Reserve. It was the second easing by the…
