Posts by Stephanie Irvin
Singtel-owned Optus fined A$12 million by Australian regulator over emergency services outage
Australian telecom watchdog has fined Optus A$12 million (S$10.6 million) for failing to provide emergency call services to thousands during a nationwide outage last year, the regulator said early on Friday. The Australian Communications and Media Authority (ACMA) said it found 2,145 customers could not access the emergency call service during the outage last November that left…
Read MoreWarner Bros gains streaming subscribers on foreign push
WARNER Bros Discovery, the parent of the Max streaming service, gained more subscribers than expected in the third quarter, suggesting its online business is picking up. The shares posted their biggest intraday gain in more than two years. The New York-based media company added 7.2 million net streaming subscribers in the three months ended Sep…
Read MoreUOB surpasses estimates with 16% higher Q3 profit of S$1.61 billion
UOB’S net profit for the third quarter ended September rose 16 per cent year on year to S$1.61 billion, from S$1.38 billion the year before. Its results released on Friday (Nov 8) beat the S$1.51 billion consensus forecast among four analysts polled by Bloomberg. UOB deputy chairman and chief executive Wee Ee Cheong attributed this…
Read MoreOCBC Q3 profit up 9% to S$1.97 billion
OCBC’s net profit for the third quarter ended September rose 9 per cent to S$1.97 billion, from S$1.81 billion in the previous corresponding period. The bank on Friday (Nov 8) said this was underpinned by higher non-interest income and lower allowances. The earnings beat the S$1.9 billion consensus forecast in a Bloomberg survey of four…
Read MoreANZ profit drops as competition bites in home-lending market
ANZ Group Holdings’s profit missed estimates as chief executive officer Shayne Elliott said competition in the mortgage market remained intense. Cash profit slipped to A$6.7 billion (S$5.9 billion) in the 12 months to Sep 30, from A$7.4 billion the previous year, the Melbourne-based lender said on Friday (Nov 8). That compared with the A$6.8 billion…
Read MoreModerna reports surprise profit on higher-than-expected Covid vaccine sales
MODERNA reported a surprise third-quarter profit on Thursday (Nov 7), driven by cost cutting and higher-than-expected sales of its Covid-19 vaccine, even with low revenue from its new respiratory syncytial virus shot. Shares of the Cambridge, Massachusetts-based company were up nearly 5 per cent to US$54.22 in early trading. Moderna posted a profit of US$13…
Read MoreUS: Wall Street hits all-time highs, Fed decision on tap
Wall Street’s main stock indexes hit record highs in the run-up to an interest-rate decision from the Federal Reserve on Thursday (Nov 7), extending a sharp rally sparked by Donald Trump’s stunning comeback as US president for a second time. The Dow Jones Industrial Average fell 11.0 points, or 0.03 per cent, at the open…
Read MoreFar East Orchard 9M profit more than doubles to S$16.9 million on strong H1 performance
PROPERTY investment company Far East Orchard on Thursday (Nov 7) reported a net profit of S$16.9 million for the nine months ended Sep 30, more than double the S$7.6 million in the corresponding year-ago period. The increase in profit was due to a strong first-half operating performance, despite higher financing expenses, said the group. Revenue…
Read MoreWatch industry failing to make models women want: survey
THE watch industry is not producing and marketing enough models that women want to wear, a survey has found. Women are increasingly shunning timepieces that target their gender, yet too many ads still include these types of watches, according to 85 per cent of respondents in the survey, produced by Deloitte and nonprofit group Watch…
Read MoreSocial platforms, crypto exchanges can help fight money laundering and fraud, say Fintech Festival panellists
They add that the transboundary nature of financial crimes make data sharing between jurisdictions tricky A CALL went out on Thursday (Nov 7) for more industry sectors – specifically those which could be used by criminals to enable fraud and money laundering – to be roped into stopping fraud and tracking down illicit fund flows.…
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