Business
Sony lifts outlook on entertainment demand despite tariff threat
The company’s image sensors business faces weak handset demand as well as seismic shifts in the supply chain Sony Group raised its…
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Business
Business
Asia: Markets rise as Trump chip exemptions boost tech giants
Asian equities rose on Thursday, with big-name chip firms making big gains after Donald Trump said those investing in the United States…
Business
SingPost sells 10 HDB shophouses to Union Gas chairman for S$55.5 million
Singapore Post (SingPost) has sold 10 Housing & Development Board (HDB) shophouses for S$55.5 million, after putting them up for sale and…
Business
SingPost is selling 10 HDB shophouses to Union Gas chairman for S$55.5 million
Singapore Post (SingPost) is selling 10 Housing & Development Board (HDB) shophouses for S$55.5 million, after putting them up for sale…
Business
BlackRock’s GIP said to hire for South-east Asia infrastructure
The challenge around such ventures is creating a risk-reward structure that attracts enough private capital Global Infrastructure Partners…
Business
Lyft shares slide on weak sales, disappointing ride totals
Lyft shares slid in late on Wednesday (Aug 6) trading after the ride-hailing company reported revenue that fell short of Wall Street’s…
Business
Manulife buys Comvest to build US$18.4 billion private credit unit
Manulife Financial agreed to buy a majority stake in Comvest Credit Partners, creating a US$18.4 billion private credit platform as the…
Business
Are sovereign wealth funds dumping Israeli investments?
The Norwegian government on Tuesday said it would review its sovereign wealth fund’s investment in Israel after the Scandinavian country’s…
Business
UOB shares fall over 2% following lower Q2 net profit of S$1.34 billion reported
Shares of UOB fell by more than 2 per cent on Thursday (Aug 7), on the back of the local bank’s second-quarter results, which saw a 6 per…
Business
Gold inches higher as US dollar weakens on Fed rate cut hopes
Gold prices edged higher on Thursday (Aug 7), helped by a weaker US dollar on growing expectations of a Federal Reserve rate cut next…
Business
DBS shares hit all-time record after higher Q2 profit, nearing the S$50 mark
Shares of DBS soared to a record in early trade after the group posted marginally improved Q2 earnings before market open, nearing the…
Business
DBS shares reach S$50 mark, an all-time high, after unveiling higher Q2 profit
The share price of DBS soared to a record-high after the group posted marginally higher Q2 earnings before the market opened, nearing the…
Business
CSE Global Q2 new orders rise 3.8% to S$211.3 million
Systems integrator CSE Global has secured S$211.3 million worth of new orders for its second quarter ended June, a 3.8 per cent rise from…
Business
Private credit fuels a ‘buy now, pay later’ lending boom in Asia
Maria Hazel Regalado, a 48-year-old mother of four in the Philippines, needed a computer last year so she could work from home. Regalado,…
Business
Yangzijiang Shipbuilding soars over 10% after posting record high net profit
It had posted a record-high net profit of 4.2 billion yuan (S$752.6 million), up 36.7% from the first half of 2024 Shares of Yangzijiang…
Business
Yangzijiang Shipbuilding soars 11% after posting record high net profit
It had posted a record-high net profit of 4.2 billion yuan (S$752.6 million), up 36.7% from the first half of 2024 Shares of Yangzijiang…
Business
Beyond Meat misses quarterly revenue estimates as plant-based demand weakens
ND Meat missed Wall Street estimates for second-quarter revenue on Wednesday, hurt by weak demand for its plant-based meat products in the…
Business
Apple says Samsung will supply chips from Texas factory
E said on Wednesday that Samsung Electronics will supply chips from its production plant in Texas for Apple products including iPhones.…
Business
Stocks to watch: DBS, UOB, Yangzijiang Shipbuilding, Sats, Venture Corp, Straits Trading
The following companies saw new developments that may affect trading of their securities on Thursday (Aug 7): DBS: The local bank on…
Business
SoftBank’s AI investment spree to be in focus on at Q1 earnings
When Japan’s SoftBank Group reports earnings on Thursday, its mammoth investments in artificial intelligence companies are set to take the…
Business
SoftBank Group posts 421.8 billion yen net profit in first quarter
— Japanese technology investor SoftBank Group logged a net profit of 421.8 billion yen (S$3.7 billion) for the April-to-June quarter. The…
Business
SoftBank Group posts 421.8 billion yen net profit in Q1
— Japanese technology investor SoftBank Group logged a net profit of 421.8 billion yen (S$3.7 billion) for the April-to-June quarter. The…
Business
SoftBank Group swings to profit in first quarter on market enthusiasm for tech stocks
Japanese technology investor SoftBank Group on Thursday (Aug 7) booked a net profit of US$2.87 billion in the first quarter, driven by…
Business
Insurer AIG posts higher quarterly profit on underwriting strength
American International Group (AIG) reported a higher second-quarter profit on Wednesday (Aug 6), powered by strong underwriting gains and…