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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…
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…
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…
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 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’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…
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…
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.…
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…
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…
