Business
The Estée Lauder Cos. Shows Signs of Improvement
The Estée Lauder Cos.’ financial results are starting to improve. The beauty company, whose brands include namesake Estée Lauder,…
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Business
Business
Sheng Siong reports 12% increase in Q3 earnings to S$43.7 million
Revenue is up 14.4% for period, mainly driven by an increase in the number of stores Sheng Siong reported a 11.9 per cent increase in…
Business
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…
Business
Vietnam's Growth Draws South Korea's Interest in Deeper Economic Cooperation
South Korean President Lee Jae Myung highlighted the rapid development of Vietnam and expressed Seoul's desire to participate in its…
Business
Singapore stocks end lower amid mixed regional trading; STI down 0.1%
Keppel was the top gainer on the index, rising 1.6%, while Mapletree Industrial Trust was the worst performer, falling 2.7% Singapore…
Business
Puma to cut 900 jobs globally by 2026, initiates business U-turn after sales declines
Shrinking market share, weak demand and US tariffs prompt Puma to warn of annual loss German sportswear maker Puma on Thursday (Oct 30)…
Business
StanChart raises outlook as quarterly profit beats estimate
The performance is largely a result of the bank’s wealth management unit and global banking STANDARD Chartered lifted its income and…
Business
Lufthansa hits forecasts in third quarter despite weaker North Atlantic market
Lufthansa reported quarterly operating earnings slightly above expectations on Thursday and said the outlook for the fourth quarter was…
Business
Australia’s Lynas Rare Earths Q1 revenue jumps 66% but falls short of forecasts
Lynas is focusing on a build-out of a processing plant in Malaysia, to satisfy East Asian demand First-quarter revenue at Australia’s…
Business
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 Shell’s profit was better than expected in…
Business
Prudential Q3 new business profit rises 14% to US$705 million; regional CEO leaves
Prudential on Thursday (Oct 30) posted a 13 per cent year-on-year rise in “new business profit” (NBP) for its third quarter ended Sep 30.…
Business
Tech giants test investors’ patience with AI spending spree
Alphabet, Meta Platforms and Microsoft, together have racked up some US$78 billion in capital expenditures last quarter The largest…
Business
Asian markets to expect short-term pressure from Fed rate cut: analysts
Asia markets are likely to face short-term pressure from the US Federal Reserve’s latest interest rate cuts, but expectations are already…
Business
Mapletree Industrial Trust to divest up to S$600 million of assets over next two years
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…
Business
Nomura expects no more Fed rate cuts in 2025 after October easing
NOMURA said it now expects the US Federal Reserve to keep interest rates unchanged at its December policy meeting, following the central…
Business
Lim Boon Heng expected to retire as NTUC chairman as soon as this week: Bloomberg
Former Cabinet minister Lim Boon Heng is expected to retire from his role as chairman of NTUC Enterprise Co-operative, the parent of…
Business
Lim Boon Heng expected to retire as NTUC Enterprise chairman as soon as this week: Bloomberg
Former Cabinet minister Lim Boon Heng is expected to retire from his role as chairman of NTUC Enterprise Co-operative, the parent of…
Business
Lim Boon Heng retires as NTUC Enterprise chairman at EGM; Tan Hee Teck to take over
SINGAPORE – Former Cabinet minister Lim Boon Heng has retired from his role as chairman of NTUC Enterprise Co-operative, the parent of…
Business
Asia: Stocks muted with all eyes on Trump-Xi meeting
ASIAN stocks were subdued on Thursday morning, with investors closely watching talks between the leaders of the United States and China…
Business
China stocks climb to 10-year peak as Trump-Xi meeting begins
CHINESE shares climbed to a decade high on Thursday as US President Donald Trump and Chinese President Xi Jinping began a high-stakes…
Business
China stocks retreat from decade high as Trump-Xi trade deal yields few surprises
Investors cheer easing US-China tensions but stay cautious, wary a final deal may disappoint Chinese shares pulled back from a decade high…
Business
Apollo looks to bring private capital to growth tech firms
The alternative asset manager has also been tapping into the startup economy more through its partnership with Cadma Capital Apollo Global…
Business
Apac private credit to reach US$92 billion in 2027 on wealth boom
The growth of Asia Pacific’s private markets comes against the broader backdrop of mounting headwind The Asia-Pacific private credit…
Business
Gold ticks up on US dollar retreat, Fed rate cut
Focus now shifts to US President Trump’s meeting with Chinese leader Xi Jinping in South Korea later in the day Gold prices edged higher…