Leadership
Boustead Singapore posts 34% higher H1 profit of S$36 million
INFRASTRUCTURE-RELATED engineering and technology group Boustead Singapore posted a 34 per cent rise in net profit to S$36 million for its first half of FY2025 ended Sep 30, 2024....
Investors yank cash from China ETFs following Trump victory
MONEY managers pulled cash from exchange-traded funds that buy Chinese stocks last week as Donald Trump’s election victory stoked the risk of tougher tariffs, while stimulus measures failed to...
Infineon forecasts sales decline on sluggish car chip demand
INFINEON Technologies forecast revenue will decline in the 2025 fiscal year, missing analyst estimates, in a sign that demand from automotive customers in Europe and the US will remain...
Alibaba, JD tout Singles Day highs even as China’s economy sags
CHINA’S biggest ecommerce platforms issued a welter of numbers showing robust growth during the country’s biggest online shopping event of the year, belying concerns about consumer malaise dogging the...
Comac says Air China is the first customer for C929 widebody jet
Comac said on Tuesday (Nov 12) that Air China was the first customer for the Chinese planemaker’s C929 widebody aircraft under development that is designed to compete with twin-aisle...
Brokers’ take: RHB upgrades Bumitama Agri to ‘buy’ on CPO price rally
WITH the continued run-up in crude palm oil (CPO) prices, RHB Research has upgraded its call on palm oil producer Bumitama Agri to “buy” from “neutral” with a higher...
Gold hovers near one-month low ahead of US data, Fed speakers
Gold hovered near a one-month low on Tuesday (Nov 12) as investors looked forward to US economic data and comments from Federal Reserve officials for further clarity on the...
Grab returns to profit in third quarter, raises 2024 revenue forecast
Group-adjusted Ebitda is US$90 million for the quarter, an improvement of 224% year on yearGrab on Tuesday (Nov 12) reported third-quarter earnings that showed it turned back to being...
