News
How Meta struck a deal to keep Mark Zuckerberg in California despite looming billionaire tax
Meta’s Chief Executive Mark Zuckerberg has wielded enormous power over the social media empire he built more than two decades ago, leading the California juggernaut through major scandals, scrutiny...
Wall Street opens lower as AI jitters return, oil rises
Published Thu, Oct 22, 2026 · 10:16 PMWALL Street’s main indexes opened lower on Thursday (Oct 22) as growth stocks came under renewed pressure after earnings from mega-caps Tesla and Meta...
Suntec Reit Q3 DPU rises 13.4% on stronger Singapore portfolio performance
[SINGAPORE] Suntec Reit’s distribution per unit (DPU) rose by 13.4 per cent year-on-year to S$0.02017 for its third quarter ended Sep 30, from S$0.01778 the year before.Gross revenue was...
P&G flags bigger hit to annual profit from higher commodity costs, beats revenue estimates
Its first-quarter net sales rose 4% to US$23.28 billion, beating analysts’ estimates of US$22.80 billionPublished Thu, Oct 22, 2026 · 08:56 PMPROCTER & Gamble on Thursday (Oct 22) warned...
MBS adjusted property Ebitda falls 20.6% in Q3 with fewer high-roller visits, weaker hold
This weighs on the performance of Las Vegas Sands, where net income is down 28.3%[SINGAPORE] Integrated resort and casino operator Marina Bay Sands (MBS) posted a weaker third quarter...
Mutual fund ownership among Singapore’s wealthy nearly trebles since 2022: Citi report
Singapore has the highest mutual fund ownership rate in Asia, even as a large share of assets remains in deposits[SINGAPORE] Mutual fund ownership among Singapore’s high-net-worth (HNW) investors has...
Barclays to cut 5,000 jobs in AI-fuelled push to lower costs
It cut about 1,000 jobs in the first six months of this year, with the remaining due before the end of 2026Published Thu, Oct 22, 2026 · 04:47 PMBARCLAYS...
Bank of Korea holds rates; upbeat outlook points to future hikes
The central bank keeps base rate unchanged at 3%, as expected; it says further tightening remains on the tablePublished Thu, Oct 22, 2026 · 01:41 PM[SEOUL] The Bank of...
DeepSeek raises US$15 billion in challenge to leading US labs
It has never had the financial resources of US frontier labs, but that imbalance may be moderatingPublished Thu, Oct 22, 2026 · 11:34 AM[HONG KONG] The Chinese artificial intelligence...
Euro nears 3-month low against Singdollar amid political unrest in Europe, may weaken further
[SINGAPORE] Political unrest in parts of Europe over the rising cost of living and pressure on public services has weighed on the euro, with the currency hovering near a...
