Posts by Riah Marton
Grocer Lulu’s US$1.72 billion Abu Dhabi IPO draws Vanguard, GIC
HYPERMARKET chain operator Lulu Retail Holdings’s US$1.72 billion Abu Dhabi initial public offering drew orders worth US$37 billion, including from global investors Vanguard Group and Singapore sovereign wealth fund GIC. Lulu International Holdings sold 3.10 billion shares, or a 30 per cent stake, at 2.04 dirhams apiece, the top of a marketed range. Based on…
Read MoreObesity drugmaker Novo Nordisk posts strong profit
Danish pharmaceutical giant Novo Nordisk, maker of the blockbuster diabetes and weight-loss drugs Ozempic and Wegovy, posted on Wednesday (Nov 6) strong third-quarter earnings despite being held back by production constraints. Europe’s most valuable company and the main driver of the Danish economy said it expected its 2024 full-year sales to be up by 23…
Read MoreBank Indonesia signals rate-cut caution as Trump nears victory
BANK Indonesia’s monetary policy will focus on maintaining stability in the short-term as a likely victory for Donald Trump in the US presidential election is set to heap more pressure on the rupiah, its governor said. While the central bank still sees room for more rate cuts, the near-term focus will be on maintaining rupiah…
Read MorePuma reports Q3 sales increase on rising running and soccer shoes demand
GERMAN sportswear maker Puma on Wednesday (Nov 6) reported a 5 per cent rise in currency-adjusted sales for the third quarter as it sold more running and soccer shoes. Quarterly currency-adjusted sales rose to 2.31 billion euros (S$3.3 billion), broadly stable from a year earlier but short of the 2.36 billion euros expected by analysts,…
Read MoreThai inflation stays below central bank target for fifth month
THAILAND’S inflation stayed below the central bank’s target for a fifth straight month, building pressure on the monetary authority to continue with rate cuts to boost price gains and the economy. The consumer price index rose 0.83 per cent in October, missing analysts expectation for a 0.9 per cent gain, according to data released by…
Read MoreDrew Barrymore & Adam Sandler’s Daughters Have Unforgettable 50 First Dates Movie Night – E! Online
Drew Barrymore and her 50 First Dates costar have blended their households. The Charlie’s Angels alum shared that she recently walked in on one of her kids and Adam Sandler‘s daughter watching their early 2000s rom-com while the group was hanging out at her house. “I was like, ‘Why are you guys watching this?’” Drew…
Read MoreMust-Have Thanksgiving Home Decor: The Coziest (And Cutest!) Autumnal Decorations – E! Online
The products featured in this article are from brands available in NBCUniversal Checkout. E! makes a commission on purchases. The fall and winter holidays are some of our favorite times to decorate. There’s so much you can do to make your space feel warm and inviting, especially for Thanksgiving. If you need Thanksgiving decor ideas, you’ve…
Read MoreJoe Biden’s Granddaughter Naomi Biden Is Pregnant, Expecting First Baby With Peter Neal – E! Online
Joe and Jill Biden welcomed daughter Ashley Blazer Biden, their only child together, on June 9, 1981. The Tulane grad got her master’s degree in social work from University of Pennsylvania’s School of Social Policy and Practice in 2010 and was associate director of the Delaware Center for Justice for more than seven years. In…
Read MoreChristina Milian Reveals Why She Left Hollywood for Paris – E! Online
Christina Milian has said "au revoir" to America. The "Dip It Low" singer shared that she and her husband of four years, Matt Pokora, have officially made the move to his native France alongside…
Read MoreGold subdued as investors await US election outcome
GOLD prices were muted on Wednesday (Oct 6), as investors held back from taking big positions until the US election’s outcome was known and shifted focus to the Federal Reserve’s upcoming meeting. Spot gold fell 0.2 per cent to US$2,738.89 per ounce, as at 0051 GMT. Bullion hit a record high of US$2,790.15 last Thursday. …
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