News
Grab reports Q3 earnings of US$37 million on positive operating profit
Operating profit rises to US$27 million in the quarter from a loss of US$38 million the previous year[SINGAPORE] Ride-hailing giant Grab posted Q3 2025 earnings of US$37 million on Tuesday (Nov...
KKR plans investment expansion for insurance unit in India
The investment firm insurance business is anchored through Global Atlantic Financial Group[MUMBAI] KKR is planning a bigger role for its India insurance unit, as the investment firm expands in...
Restaurant chain Denny’s to be taken private in US$620 million deal
The deal marks the latest in a wave of private equity buyouts of restaurant chains in recent yearsRESTAURANT chain Denny’s announced on Monday it would be acquired by a...
Shein bans sex dolls after France outrage over ‘childlike’ ones
ASIAN e-commerce giant Shein said on Monday it was banning sex dolls from sale on its sites globally after French authorities condemned it for featuring ones resembling children.France’s finance...
Starbucks to sell control of China business to Boyu, aims for rapid growth
The coffee chain has been credited with creating the market for coffee in China after entering in 1999[HONG KONG] Starbucks said that it would sell control of its operations...
Palantir hikes sales forecasts after record stock run-up
[SAN FRANCISCO] Palantir Technologies raised its annual revenue outlook to US$4.4 billion and outpaced analyst estimates for third-quarter sales, citing “accelerating and otherworldly” growth for its artificial intelligence (AI)...
Oil prices steady despite Opec+ plans to pause output increases
NEW YORK, Nov 3 (Reuters) - Oil prices held steady on Monday as the market balanced the latest OPEC+ supply increase with the group’s plans to pause output increases in the...
US: Wall Street opens higher on optimism for AI demand
[NEW YORK] Wall Street kicked off November on firmer ground on Monday (Nov 3), driven by optimism around AI demand with OpenAI and Amazon striking a US$38 billion deal,...
NetLink Trust posts 10.2% drop in H1 profit to S$43.5 million on higher depreciation
[SINGAPORE] Fibre network provider NetLink NBN Trust on Monday (Nov 3) posted a 10.2 per cent drop in net profit to S$43.5 million for the half-year ended Sep 30,...
Wee Hur selling Adelaide student accommodation property for S$14.2 million
The buyer is Grenfell Trust, an indirect 90.48 per cent owned sub-trust of Wee Hur PBSA Fund III A[SINGAPORE] Wee Hur Holdings announced that its 80 per cent owned...
