Hong Kong central bank cuts interest rate, tracking Fed move
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…
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Fashion
Stocks to watch: Keppel, Great Eastern, Mapletree Industrial Trust, Hong Leong Asia, CapitaLand China Trust, Starhill Global Reit
The following companies saw new developments that may affect trading of their securities on Thursday (Oct 30): Keppel: Keppel reported a 5 per cent increase in net profit for the first…
Chinese financials’ earnings growth set to outpace wider market
Optimism on bank stocks is rising, as improved bottom lines bolster the chance for better returns for investors China’s financial sector is on track to outpace the broader market’s…
Starbucks sales rebound globally, coffee prices bite margins
Global prices for raw arabica beans are up more than 20% this year after soaring 70% in 2024 Starbucks posted on Wednesday (Oct 29) that its first quarter of gains in global comparable…
Microsoft‘s massive AI spending draws investor concerns as cloud business booms
MICROSOFT’S spending on artificial intelligence infrastructure soared to a record of nearly US$35 billion in the September quarter, deepening investor concerns about the mounting costs of…
Europe: Shares pause at highs after earnings
EUROPE’S Stoxx 600 was muted on Wednesday as investors awaited the US Federal Reserve’s rate decision later in the day, while parsing through a raft of corporate earnings. The…
Cameo sues OpenAI for trademark infringement
OpenAI, which faced a fierce blowback in Hollywood last month as images of celebrities and dead newsmakers were manipulated without consent, is now drawing more scrutiny over its…
Leading AI company to ban kids from long chats with its bots amid growing concern about the technology
Character.AI, a platform for creating and chatting with artificial intelligence chatbots, plans to start blocking minors from having “open-ended” conversations with its virtual characters.…
GM to cut over 1,200 jobs at EV plant
General Motors will cut about 1,200 jobs at its EV plant in Detroit, as the carmaker responds to slowing demand for its battery cars, Detroit News reported on Wednesday (Oct 29). The…
Global automakers scramble for chips as Nexperia supply crunch threatens production
Nissan and Mercedes are among the carmakers trying to come to grips an uncertain supply situation [TOKYO/BERLIN] Global automakers are scrambling to find chips and checking with suppliers…
Mapletree Industrial Trust Q2 DPU down 5.6% on absence of divestment gains, lower occupancy
The trust also had reduced income following the divestment of three Singapore industrial properties in August 2025 Mapletree Industrial Trust (MIT) reported a distribution per unit (DPU)…
Adidas sees 120-million-euro Trump tariff hit
German sportswear giant Adidas said Wednesday (Oct 29) that it expected US President Donald Trump’s tariff blitz to cost it 120 million euros (S$180.7 million) for the year. The tariffs…
Starhill Global Reit’s net property income edges up 0.2% to S$37.9 million in Q1 FY2026
The Reit’s improved performance was mainly driven by stronger contributions from its Singapore retail and Malaysia segment The manager of Starhill Global Reit reported a marginal rise of…
Malaysia bets on mix of solar and gas as it shifts away from coal
The cost-per-unit for solar is actually much cheaper than gas and coal, says TNB CEO Megat Jalaluddin Malaysia will focus on a mix of solar and gas-fired power generation as it shifts away…
Director of Hong Leong Asia unit resigns amid probe by authorities in China
Wu Qiwei, a former board member of China Yuchai International, is suspected of ‘serious violations of discipline and law’ Wu Qiwei, a director of Hong Leong Asia subsidiary China Yuchai…
Keppel, Engie collaborate to boost Asia-Pacific’s transition to low-carbon energy systems
Asset manager Keppel’s infrastructure division is collaborating with Engie Energy Marketing Singapore, a subsidiary of French energy company Engie, to jointly advance the development of…
‘Thoroughbred over unicorns’: How SGAG parent Hepmil went from seed to sale
Advertising and public relations giant Publicis Groupe is acquiring the company for an undisclosed sum South-east Asia’s tech scene received a boost with news of Hepmil Media Group’s…
Nvidia storms past US$5 trillion valuation as AI boom powers meteoric rise
The milestone underscores the company’s transformation from a niche graphics-chip designer into the backbone of the global AI industry Nvidia made history on Wednesday (Oct 29) as the…
HSBC brings startup-focused Innovation Banking to Singapore, allocates US$1.5 billion to finance high-growth companies
The lender will execute a go-to-market strategy that covers both entrepreneurs and venture capital firms HSBC on Wednesday (Oct 29) launched Innovation Banking in Singapore, targeting…
Vietnam boutique brands expand to Singapore amid rising demand
These labels, which do well among Singaporeans on their home turf, are setting up outlets to hawk trendy, affordable fashion Along the first floor of Suntec City, a splash of lime green…
China blows past record for Europe car sales on hybrid, EV gains
The Asian nation’s latest plug-in hybrids offer long electric-only ranges, rapid charging and generous standard equipment at prices below European rivals Chinese carmakers posted their…
Malaysia’s ban on raw rare earths exports remains despite US deal, trade minister says
Malaysia will maintain a ban on the export of raw rare earths to protect its domestic resources, despite signing a critical minerals deal with the United States this week, the trade…
The 10 top-performing ETFs on SGX in Q3; China funds dominate
Singapore Exchange’s (SGX) third quarter recorded robust results on the exchange-traded fund (ETF) market, according to a report released by SGX on Tuesday (Oct 28). The market hit a…
Asia: Stocks join Wall Street records as tech bull run quickens
ASIAN stock markets surged on Wednesday morning, matching record gains on Wall Street the previous day as investor confidence in AI tech and coming interest rate cuts in the United States…