Fashion
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 [BERLIN] An expensive course correction at subsidiary Porsche dealt Volkswagen a...
AirAsia plans up to US$600 million bond to cut borrowing cost: sources
The Malaysian budget carrier operator is targeting a coupon rate of below 10% for the proposed note[KUALA LUMPUR] AirAsia Aviation Group plans to raise as much as US$600 million,...
Wilmar posts US$347.7 million Q3 loss on 11.9 trillion rupiah graft penalty; core profit jumps 71%
Revenue is up 7.4% at US$19.1 billion; all sectors enjoy stronger operational results[SINGAPORE] Singapore-based agribusiness group Wilmar International posted a net loss of US$347.7 million for the third quarter...
Powell’s warning to investors and lenders: The Fed won’t spoil the markets any longer
US FEDERAL Reserve chairman Jerome Powell seldom repeats himself, so Wall Street listened carefully when he delivered the same warning twice at a press conference following Wednesday’s (Oct 29)...
StanChart raises outlook as quarterly profit beats estimate
The performance is largely a result of the bank’s wealth management unit and global bankingSTANDARD Chartered lifted its income and returns outlook as it reported third-quarter profit that beat...
Shell profit beats estimates as oil and gas trading recovers
The company keeps quarterly US$3.5 billion buybacks, supported by robust operating cash flow[LONDON] Shell’s profit was better than expected in the third quarter, helped by a rebound in performance...
Asian markets to expect short-term pressure from Fed rate cut: analysts
[SINGAPORE] Asia markets are likely to face short-term pressure from the US Federal Reserve’s latest interest rate cuts, but expectations are already priced in, analysts say.The Federal Open Market...
Mapletree Industrial Trust to divest up to S$600 million of assets over next two years
[SINGAPORE] The manager of Mapletree Industrial Trust (MIT) plans to divest between S$500 million and S$600 million worth of assets over the next two years, with a focus on...
47% China tariffs, rare earths, soybeans: What Trump, Xi said about their meeting and what’s next
[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...
Lim Boon Heng expected to retire as NTUC Enterprise chairman as soon as this week: Bloomberg
[SINGAPORE] Former Cabinet minister Lim Boon Heng is expected to retire from his role as chairman of NTUC Enterprise Co-operative, the parent of Income Insurance, Bloomberg reported on Oct...
