Singapore shares fall amid mixed regional trading; STI down 0.2%
Singapore stocks ended lower on Friday (Oct 31), as the regional market closed mixed. The benchmark Straits Times Index (STI) lost 0.2 per cent or 8.82 points to finish at 4,428.62.…
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Singapore registry adds 94 ships in September, bucks declining trend since 2016 amid US-China port fees
Shipowners reflagging their fleet to the Republic in an attempt to navigate geopolitical tensions The ship registry of Singapore saw a spike in the number of vessels registered in…
Asia: Markets mostly up on heels of Apple, Amazon earnings
ASIAN stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon. Investor…
Japanese semicon photomask maker Tekscend breaks ground on new Singapore plant, set to create 60 jobs
It will be fully operation end-2026 or early 2027; aims to serve customers in Singapore, Malaysia and India Tekscend Photomask broke ground on its new Singapore manufacturing facility on…
Trump’s TikTok deal with China – what do we know?
US and Chinese officials have discussed a deal under which Oracle and several other companies would invest in a US version of the social media platform After more than a year of…
Air India seeks 100 billion rupees lifeline from SIA and Tata: report
The development follows a deadly Air India crash in June that killed more than 240 passengers Air India is seeking at least 100 billion rupees (S$1.5 billion) in financial support from…
Gold rises on bargain hunting and US rate cut, set for monthly gain
Traders have scaled back bets that the Fed will cut rates again at its next policy meeting on Dec 10 after remarks from Fed chair Jerome Powell Gold prices edged higher on Friday (Oct 31),…
China to buy 12 million metric tons of US soybeans this season, Bessent says
US Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January, down from 22.5…
ANZ flags A$1.1 billion second-half profit hit from restructuring, compliance costs
Australia’s ANZ warned on Friday that its earnings would take a hit of A$1.11 billion (S$937.5 million) after tax in the second half of fiscal 2025 due to charges related to restructuring,…
CapitaLand India Trust Q3 total property income up 10% at 5.1 billion rupees
This is due to higher rental income from existing properties and income contributions from acquisitions and completed developments, says manager CapitaLand India Trust (Clint) posted a…
EVs put an end to China’s usual holiday surge in petrol use
Tianyu Jiang took a 2,000-km road trip this month during China’s national holiday week, driving in his electric vehicle from the southwestern Sichuan basin to Beijing for the first time.…
Apple CEO forecasts holiday quarter iPhone sales that top Wall Street estimates
The company’s reliance on hardware sales has also left it with greater exposure to US President Donald Trump’s trade war with China. Apple chief executive Tim Cook on Thursday (Oct 30)…
Europe: Shares fall as rate uncertainty, earnings sour sentiment
EUROPEAN shares logged their third session of declines on Thursday as uncertainty over the future moves of central banks grew, while investors parsed a new raft of corporate earnings. The…
Amazon reports cloud unit grew at fastest rate since 2022
The company has invested heavily in data centres and chips to build and operate AI models capable of generating text or images and automating processes Amazon.com’s cloud unit posted the…
Universal Music Group settles with AI music startup Udio
Universal Music Group said Wednesday it has reached licensing agreements with artificial intelligence music startup Udio, settling a lawsuit that had accused Udio of using copyrighted…
Nexperia-owner Wingtech demands reinstatement of ousted CEO as condition to restart China exports
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…
China’s largest banks report steady profits, but margins shrink
[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’s executive chairman steps down
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…
US: Wall Street opens lower after mixed tech earnings, Fed comments
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 skids into the red on US tariff hit, Porsche woes
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 quarterly profit rises as transaction volumes hold strong
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,…
BYD profit declines for second straight quarter
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…
Singapore’s gold investment leaps 47% in Q3; global demand hits record high
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…
Sheng Siong reports 12% increase in Q3 earnings to S$43.7 million
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…