Business
Hyundai pivots to hybrids as it unveils US$5 billion India plan
The move comes as the automotive industry has moved away from ambitious targets for EV sales outside of China, following a hybrid-oriented…
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Business
Business
Gold hits record high as investors turn to safe haven
Investors anticipate a near-certain 25-basis-point rate cut at this month’s US Federal Reserve meeting, followed by another in December…
Business
Food Innovators turns profitable one year after Catalist debut
Restaurant operator Food Innovators announced on Wednesday (Oct 15) that it turned profitable for its first half of 2026 ended August, a…
Business
Food Innovators posts profit of S$200,000; turns profitable a year after Catalist debut
Restaurant operator Food Innovators announced on Wednesday (Oct 15) that it turned profitable for its first half of 2026 ended August, a…
Business
Food Innovators is back in the black, posts a ‘modest’ H1 profit of S$200,000
The Japanese restaurant operator sank into the red for its latest financial year ended Feb 28, 2025, after its Catalist debut in October…
Business
Stocks to watch: SIA Group, Jardine C&C, Aztech Global, Q&M Dental, Food Innovators
The following companies saw new developments that may affect trading of their securities on Thursday (Oct 16): SIA Group: Passenger…
Business
Paxos mistakenly issues US$300 trillion of PayPal stablecoin
Stablecoin issuer Paxos said that it mistakenly minted US$300 trillion of PayPal Holdings’ PYUSD stablecoin on Wednesday (Oct 15) before…
Business
G7 set to discuss joint response to China curbs on rare earths
The latest spat between the world’s two largest economies has rattled markets in recent days Finance chiefs from the Group of Seven (G7)…
Business
SGX launches Indonesia depository receipts featuring blue-chip listcos
The bourse, which currently has 26 depository receipts listed, plans to expand its offerings to include Vietnam companies next year Local…
Business
Is Keppel Reit’s deal Down Under a good move?
Prime office landlord may continue diversifying geographically and across real estate asset classes to expand its portfolio Unitholders of…
Business
United sees demand ‘strengthening’ as profits edge lower
UNITED Airlines reported a slight dip in profits on Wednesday as operating expenses ticked higher, adding that a strengthening demand…
Business
US: S&P 500 ends higher after strong bank earnings, chip stocks rally
THE S&P 500 ended higher on Wednesday, with Morgan Stanley and Bank of America rallying after solid quarterly results, while investors…
Business
HPE annual profit forecast misses estimate on margin crunch
For the fiscal year ending in October 2028, the company expects adjusted profit of at least US$3.00 per share and free cash flow of more…
Business
Europe: Stocks end higher as LVMH drives luxury rally
EUROPEAN stocks closed higher on Wednesday as France’s LVMH sparked a rally in luxury goods groups and eased concerns that slowing global…
Business
Bank of England will lift stablecoin limits once threat to economy eases
The remarks represent a major softening in the BOE’s approach after experts raised concerns that proposed limits on holdings would hinder…
Business
Oil prices hit 5-month low on US-China trade tensions, looming supply surplus
Oil prices eased on Wednesday to a five-month low on escalating US-China trade tensions and the International Energy Agency’s prediction…
Business
Following LVMH, Luxury Sector Shares Move Higher
The luxury world often looks to LVMH Moët Hennessy Louis Vuitton for guidance, reading tea leaves in the powerhouse company’s results for…
Business
Rebecca Kutler: MSNBC President Reveals Breast Cancer Diagnosis and Says She Will Be Away from Work for a Few Weeks
MSNBC president Rebecca Kutler has been diagnosed with breast cancer and will be taking a short leave from the network for a few weeks,…
Business
Attention Walmart shoppers: ChatGPT will do your shopping for you
Walmart has partnered with OpenAI to allow its customers to shop for products and pay directly from within ChatGPT. The world’s largest…
Business
Former OCBC CEO Samuel Tsien appointed as new Jardine C&C independent chairman
Jardine Cycle & Carriage has appointed former OCBC group chief executive officer Samuel Tsien as its new independent chairman, effective…
Business
LVMH surges to biggest daily jump in 20 years as China demand sparks US$80 billion luxury rally
The strong sales figures surprise investors and are expected to sustain momentum in luxury stocks [PARIS/LONDON] LVMH shares had their…
Business
Walmart on path to trillion-dollar status after OpenAI alliance
Walmart is on track to join the “elite” crop of companies with a trillion-dollar valuation, after its announced partnership with OpenAI…
Business
Q&M proposes to buy interest in dental group in Thailand
Purchase consideration will be satisfied by a combination of cash and new ordinary shares Q&M Dental Group is proposing to acquire equity…
Business
US: Wall St opens higher on positive bank results, chip stocks' rally
Wall Street’s main indexes opened higher on Wednesday (Oct 15), boosted by solid results from major banks, while chipmakers rallied after…