News
US: Wall Street tumbles as tech selloff extends, rate cut hopes fade
[NEW YORK] Wall Street’s main indexes dipped on Friday (Nov 14), driven by a renewed sell-off in technology stocks, while hawkish commentary from Federal Reserve officials added to doubts...
Japan’s megabanks lift profit forecasts to record highs, step up buybacks
The banks’ strong Q2 earnings demonstrate their success in weathering uncertain global economic conditions[TOKYO] Japan’s largest banks raised their annual profit forecasts and expanded share buyback programmes after strong...
Cartier owner sales lifted by jewellery, improving Asia
Strong demand for jewellery boosted the sales of brands such as Buccellati, Cartier, Van Cleef & Arpels and Vhernier by 6% [ZURICH] Swiss luxury group Richemont, owner of Cartier...
People are dumping Tinder. The dating app wants to reignite its spark with Gen Z
More than a decade ago, Tinder became the hottest dating app, transforming modern romance by making it possible for singles to swipe through people’s profiles, match and meet up.Now,...
Geo Energy Q3 net profit falls 55% to US$3.2 million due to lower coal prices
[SINGAPORE] Indonesian coal producer Geo Energy Resources on Friday (Nov 14) reported a 55 per cent decline in net profit to US$3.2 million for the third quarter ended Sep...
Singapore stocks fall on Friday, tracking regional peers
Straits Times Index loses 0.7% or 29.84 points to finish at 4,546.07 while the iEdge Singapore Next 50 Index gains 0.1% or 1.54 points to 1,461.39[SINGAPORE] Singapore stocks ended...
Lukoil’s oil trading business sheds staff in Singapore, Geneva and Dubai as sanctions near
[LONDON] The oil trading business of Russia’s Lukoil PJSC began shedding staff all over the world – with just days to go until sanctions on the Moscow-based energy giant...
SIA reiterates support for Air India despite the drag on earnings
‘This is a long-term investment for us, and we have no disillusion that along the way there will be challenges’, CEO Goh Choon Phong says [SINGAPORE] Singapore Airlines (SIA)...
Amazon, Microsoft back effort to restrict Nvidia’s exports to China: WSJ
AMAZON is joining Microsoft in backing legislation to further curb chipmaker Nvidia’s ability to export chips to China, the Wall Street Journal reported on Thursday, citing people familiar with...
Gold rises, poised for weekly gain on softer dollar
GOLD prices edged higher on Friday and were poised for a weekly rise, supported by a weaker dollar, although gains were kept in check by hawkish comments from US Federal...
SIA shares fall as much as 3.6% on net profit drop
[SINGAPORE] Shares of flag carrier Singapore Airlines (SIA) fell as much as 3.6 per cent on Friday (Nov 14) after it reported an 82.1 per cent drop in net...
Frasers Property full-year profit rises 17.8% to S$243 million on fair value gains; revenue dives S$800 million
[SINGAPORE] Net fair value change and reversal of tax provisions helped Frasers Property’s full-year earnings increase by 17.8 per cent, said the real estate company on Friday (Nov 14). For...