Leadership
Musk’s ties to Trump will reverberate through Tesla, other interests
BILLIONAIRE Elon Musk stands to benefit greatly from his ties with US President-elect Donald Trump after the Tesla CEO became one of Trump’s most important supporters during the 2024...
Arm gives disappointing forecast in sign of sluggish chip demand
ARM Holdings, the chip designer that went public last year, gave a disappointing sales forecast for the current period, signalling that a still-recovering smartphone market may overshadow growth from...
Lamborghini revenue jumps 20% on high demand for all models
ITALIAN luxury sports car maker Lamborghini posted on Wednesday (Nov 6) nine-months revenue that was up by 20 per cent to 2.43 billion euros (S$3.5 billion), driven by a...
Japan’s steelmaker JFE cuts annual profit forecast on slow local demand, slumping Asia market
JAPAN’S second-biggest steelmaker, JFE Holdings, lowered its forecast for annual net profit by 37 per cent, hit by slow demand for building materials at home and a slumping Asian...
KKR acquires 35% of Fuji Soft after first stage of tender offer
PRIVATE equity firm KKR has acquired a 35 per cent stake in Japanese software developer Fuji Soft after the first part of its two-stage buyout tender offer, the latter...
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...
Toyota 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...
Honda 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...
