Business
Marina Bay Sands H1 revenue rises 17% to US$2.6 billion as travel spend in Asia expands
Adjusted property Ebitda rose 23.8% to US$1.4 billion, up from US$1.1 billion in the first half of 2024 Net revenue for Marina Bay Sands…
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Business
Business
Elite UK Reit to convert Scotland property into student housing by September 2027
The manager of Elite UK Real Estate Investment Trust (Reit) on Thursday (Jul 24) announced that it has received planning approval to…
Business
Japan trade deal sparks hope for US investors, frustration for automakers
Shares of General Motors, Ford Motor and Jeep-maker Stellantis, some of the biggest automakers in the US, rallied on Wednesday after news…
Business
AMD CEO sees chips from TSMC’s US plant costing 5% to 20% more
Advanced Micro Devices (AMD) chief executive officer Lisa Su said that the chips her company gets from supplier Taiwan Semiconductor…
Business
ST Group Food moves to liquidate UK unit that operates Gong Cha brand in the country
Catalist-listed ST Group Food plans to liquidate its indirect subsidiary in the UK, GCTea Outlets 2B, which operates a food and beverage…
Business
Stocks to watch: ST Engineering, MPACT, MLT, Digital Core Reit, Sabana Reit, OUE Reit
The following companies saw new developments that may affect trading of their securities on Thursday (Jul 24): ST Engineering: The group…
Business
Macquarie’s quarterly profit falls, CFO Harvey decides to step down
RALIA’S top investment bank, Macquarie Group, reported a decline in first-quarter net profit on Thursday and announced that chief…
Business
Japan’s Topix hits record high in trade deal afterglow
— Japan’s Topix iindex rose to a record high on Thursday and the Nikkei share average hit a new one-year peak, as stocks rallied for a…
Business
Bank of Japan watchers still predict next rate hike in October or January
Bank of Japan (BOJ) watchers increasingly expect authorities to raise the benchmark interest rate either in October or January, according…
Business
Nvidia supplier SK Hynix Q2 profit rises 69%, meets forecasts
South Korea’s SK Hynix posted on Thursday a record quarterly profit, driven by strong demand for advanced chips used in generative…
Business
Bank of America to buy back US$40 billion of shares in new programme
The announcement follows buyback plans from some of the biggest US banks after they passed this year’s US Federal Reserve stress tests…
Business
Chevron cuts 575 jobs in Houston after closing Hess acquisition, filing reveals
Chevron cut 575 positions in the Houston area after it completed its US$55 billion merger with Hess, a Texas Workforce Commission filing…
Business
IBM’s software sales disappoint, eclipsing AI mainframe revival
IBM beat Wall Street estimates for second-quarter revenue and profit on Wednesday (Jul 23), but lower-than-expected sales in its mainstay…
Business
Google parent Alphabet surprises with capital spending boost after earnings beat
ALPHABET on Wednesday cited massive demand for its cloud computing services as it hiked its capital spending plans for the year to about…
Business
Oil prices steady with trade talks in focus
Oil prices were little changed on Wednesday as investors assessed trade developments between the European Union and the US after President…
Business
Tesla’s sales fall most in a decade in another rough quarter
Tesla fell short of Wall Street’s expectations in one of the automaker’s worst quarters in years, a sign of the toll that rising…
Business
Tesla braces for rough quarters ahead as US ends EV incentives
Elon Musk warned of difficult times ahead for Tesla after one of the automaker’s worst quarters in over a decade. Tesla will be a…
Business
Europe: Automakers propel shares to two-week highs on US-EU trade deal optimism
EUROPEAN shares closed near two-week highs on Wednesday, led by automakers, as investors anticipated a possible agreement between the…
Business
US: Dow advances, S&P 500 logs new record with boost from tariff pacts
Wall Street stocks advanced on Wednesday with the Dow logging strong gains and the S&P 500 closing at a record for the third time in a row…
Business
'I Destroyed Your Work': Replit's AI Panics And Tells Lies, Before Deleting Data From 1,200 Companies
A shocking incident has raised fresh concerns about the risks of relying too much on AI coding tools. Jason Lemkin, a well-known tech…
Business
How to Start a Nonprofit
There’s a new generation of young startup founders who are not only chasing unicorns: they’re chasing purpose. Whether it’s addressing…
Business
In an Unlikely Collaboration, Stephen Jones Designs Wacky Hats for British Insurer Hiscox
HAT TRICK: Stephen Jones is adding a dose of millinery pizzazz to the most unglamorous of industries — insurance. In an unlikely project,…
Business
Germany's BASF and Canada's AltaGas agree deal to provide butane
A logo of the chemical company BASF is seen on a large storage container at the main plant. Uwe Anspach/Deutsche Presse-Agentur GmbH/dpa A…
Business
Moody’s profit tops estimates in sign of credit market’s rebound
Moody’s adjusted earnings per share of US$3.56 topped analysts’ forecasts of US$3.38 Moody’s, a bond grader and financial data provider,…