Business
Telstra logs higher annual profit, announces A$1 billion buyback
Australian telecom firm Telstra Group forecast higher operating earnings for fiscal 2026 and reported a 31 per cent rise in its fiscal…
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Business
Business
Thailand’s Delta sees AI boom boosting sales for coming years
Delta Electronics (Thailand), the country’s most valuable publicly traded company, is predicting “double-digit” sales growth to continue…
Business
Aoxin Q&M Dental H1 net profit down 44.3% at 2.7 million yuan
Revenue rises 4.6% to 86.8 million yuan, from 83 million yuan in the year-ago period Catalist-listed Aoxin Q&M Dental on Thursday (Aug 14)…
Business
CapitaLand Investment H1 profit down 13% at S$287 million
CapitaLand Investment (CLI) on Thursday (Aug 14) posted a net profit of S$287 million for its first half ended Jun 30, 2025, 13 per cent…
Business
CapitaLand Investment H1 profit down 13% at S$287 million on lower revenue
The decline is due to the deconsolidation of CapitaLand Ascott Trust and the loss of contributions from divested US and China assets…
Business
US chip-gear maker sued in China over alleged trade secret theft
Top US chip-equipment supplier Applied Materials was sued by a rival in China over what that company characterised as trade secret theft,…
Business
Google pledges US$9 billion to expand AI, cloud infrastructure in Oklahoma
ABET’S Google said on Wednesday it will spend an additional US$9 billion in Oklahoma over the next two years to expand cloud and…
Business
New acquisition, healthcare segment fuelling Sunningdale Tech: non-exec chairman Koh Boon Hwee
Precision plastics engineering company Sunningdale Tech has continued to grow even after delisting from the Singapore Exchange (SGX) in…
Business
Oracle cuts cloud division jobs amid surge in AI spending
Many tech giants have sought to deal with the surging costs of AI by reducing expenses in other parts of the business Oracle is cutting…
Business
Europe: Shares near two-week highs on Fed rate cut expectations
EUROPEAN shares hit a near two-week high on Wednesday, underpinned by gains in heavyweight healthcare and technology stocks, as…
Business
Cisco sees AI sales picking up but sticks to cautious outlook
Cisco Systems, the largest maker of machines that run computer networks and the internet, gave a cautious forecast for the current fiscal…
Business
US: S&P 500, Nasdaq drift to fresh records, extending rally
Wall Street stocks pushed higher on Wednesday, lifting the S&P 500 and Nasdaq to fresh records as markets extended a rally following data…
Business
The Amazon has lost an area larger than Spain in 40 years
Some 52 million hectares of natural land have been lost in the Brazilian Amazon region since 1985 – an area larger than Spain. Nationwide,…
Business
Mapletree Logistics Trust to divest logistics property in Australia for A$60 million
Its manager says the capital freed up will give MLT room to pursue investment openings in modern, high-spec facilities with more growth…
Business
EC World Reit’s H1 net property income falls 60.3% to S$18.7 million
EC World Real Estate Investment Trust (Reit) reported a 60.3 per cent decline in net property income to S$18.7 million in the first half…
Business
US: S&P 500, Nasdaq hit record highs at open on September rate cut hopes
Wall Street’s main indexes opened higher on Wednesday (Aug 13) with the benchmark S&P 500 and the Nasdaq hitting record highs, underpinned…
Business
Food Empire reports net loss of US$1.5 million, declares first-ever interim dividend of S$0.03
Food Empire reported a net loss of US$1.5 million for the first half-year ended Jun 30, the group said in a bourse filing on Wednesday…
Business
AEM net profit more than doubles to S$3.1 million
AEM Holdings posted a 245 per cent increase in net profit to S$3.1 million for the half-year ended Jun 30, from S$895,000 the year before.…
Business
CSE Global H1 earnings up 8.5% to S$16.3 million, boosted by growth of communications business
Technology solutions provider CSE Global reported a profit of S$16.3 million for the first half of FY2025, up 8.5 per cent from the…
Business
Nanofilm back in the black with H1 net profit of S$1.6 million
Nanofilm Technologies reported a net profit of S$1.6 million for the first half of the year, reversing from a net loss of S$3.7 million in…
Business
United Overseas Insurance aims to increase technology investments by almost 50% by 2029
United Overseas Insurance (UOI), the general insurance arm of UOB, will increase its technology investments by almost 50 per cent from…
Business
Singapore’s KPB Biosciences fails in bid to unfreeze assets in US$830 million Novo Nordisk legal battle
Locally headquartered biotech firm KPB Biosciences has failed to set aside a court order for its assets to be frozen, with the Singapore…
Business
Air Canada flight attendants set 72-hour strike deadline for pay deal
The Canadian Union of Public Employees, representing more than 10,000 Air Canada cabin crew, on Wednesday (Aug 13) gave the airline a…
Business
GoTo posts fourth straight adjusted profit, helped by cost cuts
Indonesia’s GoTo Group notched a fourth consecutive quarter of adjusted profit, making progress with reining in expenses and boosting…