Leadership
Europe: Stoxx 600 jumps 1% as banks lead market rebound, US election in focus
EUROPE’S main stock index notched its biggest one-day gain in five weeks on Friday (Nov 1), as banks led an overall market rebound after recent declines, with investors assessing...
Exxon’s US$8.6 billion profit beats estimate as volume offsets price weakness
EXXON Mobil beat Wall Street’s third-quarter profit estimate on Friday (Nov 1), boosted by strong oil output in its first full quarter that includes volumes from US shale producer...
Chevron beats quarterly profit expectations on higher production
CHEVRON on Friday (Nov 1) beat Wall Street estimates for third-quarter profit, helped by higher oil and gas output, but overall earnings fell compared to the year-ago level.
The company,...
Japan’s largest pension fund GPIF has worst loss since 2020
JAPAN’S government Pension Investment Fund (GPIF) posted its biggest quarterly loss since 2020 as a rebound in the yen erased gains on overseas securities and domestic stocks declined.GPIF, one...
Falcon Energy to delist on Nov 15
The High Court in April ordered the company to wind up after multiple failed restructuring attemptsOFFSHORE and marine player Falcon Energy will delist from the Singapore Exchange (SGX) on...
Brokers’ take: RHB raises Sheng Siong price target to S$2 on earnings growth momentum
RHB on Wednesday (Oct 30) raised its price target for Sheng Siong to S$2 from S$1.88 and kept its “buy” call on the counter. The new price target represents a...
Olam in advanced talks to sell rest of US$4 billion agribusiness to Saudis
Saudi Agricultural & Livestock Investment Company now holds a 35.4% minority stake in Olam Agri after investing US$1.24 billion in the unitOLAM Group’s remaining 64.57 per cent stake in...
Apple disappoints investors with tepid forecast, China weakness
APPLE Inc, heading into its most critical sales period of the year, sparked fresh concerns about revenue growth and lingering weakness in an intensely competitive China market.Following the company’s...
