Leadership
LVMH sales fall 3% as China demand for luxury goods worsens
FRENCH luxury giant LVMH reported a 3 per cent fall in third-quarter sales on Tuesday (Oct 15), undershooting estimates in its first decline in quarterly sales since the pandemic...
US: Wall Street open mixed as investors digest earnings
Wall Street’s main indexes were mixed on Tuesday (Oct 15) as investors parsed quarterly results from companies such as UnitedHealth and Bank of America.At 09.32 am the Dow Jones...
CDL Hospitality Trusts acquires boutique hotel in England for £19.4 million
CDL Hospitality Trusts (CDLHT) is acquiring an upscale lifestyle boutique hotel in Exeter, England, as well as two retail units in the hotel for about £19.4 million (S$33.2 million),...
Bank of America profit beats expectation on investment banking, trading strength
BANK of America’s third-quarter profit dropped as it paid more to customers to hold onto their deposits, although its results beat estimates, driven by strong activity in investment banking...
Boeing enters US$10 billion credit agreement with banks amid crippling strike
BOEING said on Tuesday (Oct 15) it has entered a credit agreement worth US$10 billion with a consortium of banks, as the US planemaker readies financing sources amid a...
Jardine Matheson leads losses; STI closes muted ahead of earnings
SINGAPORE stocks fell minimally on Tuesday (Oct 15) ahead of earnings results, led by Jardine Matheson and its subsidiary DFI Retail Group, while Chinese stocks fell sharply amid a...
S-Reits earnings, DPU likely to decline in Q3 despite interest rate cut
HIGHER interest costs are expected to continue weighing down the earnings and distribution per unit (DPU) of Singapore-listed real estate investment trusts (S-Reits) in the last quarter, despite the...
Brokers’ take: Dyna-Mac shareholders should accept Hanwha’s S$0.67 a share offer, Maybank says
MAYBANK Securities has recommended that shareholders of offshore oil-and-gas contractor Dyna-Mac accept the revised S$0.67 a share offer from South Korean company Hanwha.The revised offer comes after Hanwha on...
