Fashion
Temu-owner PDD Holdings beats profit expectations, outlook uncertain
Adjusted earnings per share of 21.08 yuan (S$3.86) beat analysts’ average forecast of 16.84 yuan[SHANGHAI] China’s PDD Holdings beat forecasts on Tuesday (Nov 18) with a 14 per cent...
Malaysia palm oil output to meet forecast despite monsoon season, says SD Guthrie
[KUALA LUMPUR] The arrival of the monsoon season has raised concerns about potential disruptions to Malaysian palm oil production over the next two months, but weather patterns have not...
Xiaomi’s EV arm makes a profit for the first time
The division, which sold its first car last year, posts a profit of 700 million yuan in the September quarter [BEIJING] Xiaomi reported quarterly profit from its electric vehicle...
Temasek-backed Manner Coffee seeks Hong Kong IPO, 10 years after starting as tiny stall: sources
[HONG KONG] China’s Manner Coffee is considering an initial public offering in Hong Kong as soon as next year, according to people with knowledge of the matter, reviving expectations...
Singtel users report mobile service disruption on Nov 18
[SINGAPORE] Singtel was hit by an outage on Tuesday (Nov 18), with more than 1,600 reports in the afternoon.Reports of outages spiked on Downdetector at that time, falling briefly...
Nio’s Firefly EV brand seeks growth in right-hand drive markets without tariffs
Firefly EV marketed as premium in Singapore, avoiding price war with domestic rivals[SHANGHAI] Firefly, a compact electric vehicle brand owned by China’s Nio, is seeking growth in right-hand drive...
STI falls 0.9%, tracking regional peers
[SINGAPORE] Singapore stocks ended lower on Tuesday (Nov 18), tracking regional losses.The benchmark Straits Times Index (STI) lost 0.9 per cent or 38.92 points to finish at 4,504.67. Meanwhile,...
Europe’s banks face ‘unprecedentedly high’ risk of shocks, ECB warns
[FRANKFURT] Eurozone banks must prepare for unprecedented shocks causing severe disruptions with far-reaching consequences for financial systems, the European Central Bank said on Tuesday (Nov 18) as it outlined...
Apple’s iPhone sales surge in China to take 25% market share
[HONG KONG] Apple’s iPhone 17 series drove a 37 per cent rise in its monthly smartphone sales in China, signalling strong momentum in a key market.iPhones accounted for one...
Crypto giants moved billions in illegal funds despite crackdown
Regulators and law enforcement have tried to push crypto exchanges to implement anti-money laundering safeguardsWHEN US President Donald Trump pardoned Zhao Changpeng in October, the White House press secretary...
