News
Frasers Centrepoint Trust’s H2 DPU rises to S$0.06059
[SINGAPORE] Frasers Centrepoint Trust (FCT) posted a higher distribution per unit (DPU) of S$0.06059 for its second half ended Sep 30, from S$0.0602 a year earlier.Revenue for H2 FY2025...
US sanctions Russian oil companies as Moscow holds nuclear drills
[MOSCOW] The United States hit Russia’s major oil companies with sanctions on Wednesday and accused the Russians of a lack of commitment toward ending the war in Ukraine, as Moscow conducted...
Tesla earnings miss despite record third-quarter sales surge
Investors have largely bought into Musk’s vision, driving the shares up 8.7% so far this year [AUSTIN] Tesla’s profit plunged more than expected as sharply rising costs undercut a...
SAP cloud revenue misses estimates in ‘uncertain’ economy
SAP expects adjusted profit to be at the upper end of its forecast, which ranged from 10.3 billion euros to 10.6 billion euros[BERLIN] SAP, Europe’s most valuable software company,...
US: Wall Street ends lower on mixed earnings, revived US-China trade tensions
[NEW YORK] Wall Street closed lower on Wednesday as a wave of mixed earnings, including Netflix’s disappointing results, dampened risk sentiment as investors assessed reports that the Trump administration...
Europe: Lacklustre earnings nudge shares lower; L’Oreal, Hermes decline
EUROPEAN shares nudged lower on Wednesday, after two sessions of gains, as a flurry of lacklustre earnings from major firms including French cosmetics giant L’Oreal and Birkin bag maker Hermes...
Oil jumps after settlement on new US sanctions on Russian oil companies
[NEW YORK] Oil prices extended gains after settlement on Wednesday, rising by more than US$2 a barrel after the United States imposed sanctions on major Russian oil companies Rosneft and Lukoil. The US...
Meta is cutting 600 jobs in its AI division
Meta is slashing roughly 600 jobs in its artificial intelligence unit as the tech giant aims to move faster to compete with its rivals.The company declined to comment on...
US: Wall Street opens muted on Netflix earnings miss
[NEW YORK] Wall Street opened muted on Wednesday (Oct 22), with Netflix’s disappointing results pressuring market sentiment as investors tiptoe through a high-stakes earnings season.At 09.30 am, the Dow...
MPACT’s Q2 DPU up 1.5% to S$0.0201 on higher contributions from Singapore properties
For the half-year ended Sep 30, distribution per unit is 1.2% lower at 4.02 cents[SINGAPORE] Mapletree Pan Asia Commercial Trust (MPACT) posted a 1.5 per cent rise in distribution...
