Posts by Yurie Miyazawa
BMW profit dives, misses expectations due to weak China sales, brake issues
BMW on Wednesday (Nov 6) reported a 61 per cent drop in its quarterly third-quarter profit that missed analyst expectations because of slumping China sales and brake problems, but said it was on track to meet its adjusted full-year financial outlook. In a statement, BMW CEO Oliver Zipse said that after “extraordinary challenges in the…
Read MoreToyota keeps profit outlook despite weakness in Japan, China
TOYOTA Motor kept its annual profit outlook intact despite reporting quarterly results that were dragged down in Japan and China, as the Japanese carmaker showed signs of recovery from domestic scandals and major recalls in the US. Operating profit was 1.2 trillion yen (S$10.4 billion) for the June to September period, less than 1.4 trillion…
Read MoreHonda still optimistic about sales despite weak second quarter
HONDA Motor raised its full-year guidance despite turning in second-quarter results that fell short of analyst estimates. Its shares slumped as much as 8.2 per cent. The Japanese carmaker is now forecasting sales of 21 trillion yen (S$136.4 billion) for the fiscal year ending March 2025, better than the 20.3 trillion yen it previously thought…
Read MoreGM recalls some Chevrolet Bolt electric SUVs for a second time
GENERAL Motors (GM) is recalling some Chevrolet Bolt battery-powered electric vehicles (EVs) because they are at risk of catching fire, three years after a larger callback of the all-electric model for a similar hazard. The latest action targets 107 Bolts for the 2020 to 2022 model years, the company said in documents posted on Tuesday…
Read MoreBitcoin adds to biggest gain in a week as traders watch US election
BITCOIN added to its biggest gain in a week as traders around the world watched results trickle in from a US presidential election that pits digital-asset supporter Donald Trump against Kamala Harris, who served as vice-president during a government crackdown on the industry. The original cryptocurrency rose 2.9 per cent to US$71,171 at 7.57 pm…
Read MoreBitcoin leaps to record high as traders lean towards Trump victory
BITCOIN surged to a record high in Asia trade as investors leaned towards Donald Trump winning the US presidency. The world’s biggest cryptocurrency rose 7 per cent to US$75,060, topping March’s peak with the prospect of Donald Trump winning the election seen ushering in a softer line on cryptocurrency regulation. REUTERS
Read MoreSingapore shares open higher on Wednesday; STI up 0.5%
SINGAPORE shares began Wednesday (Nov 6) trading in positive territory, mirroring overnight gains in markets abroad. As at 9.01 am, the Straits Times Index (STI) was up 0.5 per cent or 18.37 points at 3,599.98. Across the broader market, gainers outnumbered losers 77 to 32 after 30.5 million securities worth S$58.9 million changed hands. Media…
Read MoreSingPost’s H1 profit rises 97.3% to S$22.6 million; declares S$0.0034 per share interim dividend
SINGPOST’S net profit for the first half ended September nearly doubled to S$22.6 million on higher revenue. This represented a 97.3 per cent increase from S$11.5 million in H1 FY2023, as revenue rose 20 per cent to S$992.4 million from S$827.3 million a year prior. Earnings per share (EPS) excluding distributions to perpetual securities holders…
Read MoreAltcoins become crypto’s biggest risk trade as US election draws to a close
AFTER generally underperforming Bitcoin during much of this year, smaller cryptocurrencies such as Doge and Solana may end up having the most at stake following the conclusion of the US presidential election. Bitcoin rose as much as 5.1 per cent to US$70,537 on Tuesday (Nov 5), or less than 5 per cent below the record…
Read MoreSuper Micro slips on sales outlook that falls short of estimates
SUPER Micro Computer gave a sales forecast that fell short of analysts’ estimates while saying it could not predict when it would file official financial statements for its previous fiscal year. The shares dropped about 10 per cent in extended trading. The server maker missed an August deadline to file its annual financial report and…
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