Lifestyle

Meta sales narrowly beat on AI boosting advertising revenue
Meta sales narrowly beat on AI boosting advertising revenue
October 30, 2024
Meta Platforms projected stronger-than-expected holiday quarter sales, and touted artificial intelligence (AI) improvements to its core advertising business. But it wasn’t enough to satisfy Wall Street.Meta told investors on...
New Starbucks CEO is testing investors’ US billion bet
New Starbucks CEO is testing investors’ US$21 billion bet
October 30, 2024
Starbucks’ new chief executive Brian Niccol is facing a key test: convincing investors he’s worth the US$21 billion in market value the coffee chain notched after his appointment.On Wednesday...
Oil rises on US stockpiles drawdown, Opec+ mulls output hike delay
Oil rises on US stockpiles drawdown, Opec+ mulls output hike delay
October 30, 2024
Oil prices rebounded on Wednesday (Oct 30), rising more than 2 per cent after data showed US crude and gasoline inventories fell unexpectedly last week and on reports that...
KKR and Energy Capital Partners form US billion AI partnership
KKR and Energy Capital Partners form US$50 billion AI partnership
October 30, 2024
KKR and Energy Capital Partners agreed to a US$50 billion partnership to accelerate the development of infrastructure for artificial intelligence. The agreement between the alternative investment manager and the private...
First Reit’s Q3 DPU falls 6.5% to Salt=
First Reit’s Q3 DPU falls 6.5% to S$0.0058 as foreign currencies weaken against Singdollar, unit base grows
October 30, 2024
FIRST Real Estate Investment Trust (First Reit) posted a 6.5 per cent drop in distribution per unit (DPU) for the third quarter ended Sep 30, 2024, to S$0.0058, from...
US: Wall St subdued at open as investors weigh earnings, data
US: Wall St subdued at open as investors weigh earnings, data
October 30, 2024
US stock indexes were subdued at the open on Wednesday (Oct 30), as investors assessed mixed earnings reports and data that showed the economy maintained a solid pace of...
BYD Q3 revenue rises 24% year on year to 201.1 billion yuan, eclipses Tesla for first time
BYD Q3 revenue rises 24% year on year to 201.1 billion yuan, eclipses Tesla for first time
October 30, 2024
BYD notched up another win over Tesla on Wednesday (Oct 30), reporting quarterly revenue that beat Elon Musk’s carmaker for the first time since the pair have gone head...
China’s big banks post rise in Q3 profits, squeeze on NIM
China’s big banks post rise in Q3 profits, squeeze on NIM
October 30, 2024
CHINA’S largest lenders posted a rise in third-quarter profits on Wednesday (Oct 30), although margins were slimmer for some. The frontrunner was Agricultural Bank of China (AgBank), which reported a...
Wilmar’s Q3 net profit falls 19% to US4.4 million on weaker contributions from China, sugar division
Wilmar’s Q3 net profit falls 19% to US$254.4 million on weaker contributions from China, sugar division
October 30, 2024
WILMAR International’s net profit for the third quarter ended Sep 30, 2024, fell 19 per cent to US$254.4 million, from US$313.9 million in the corresponding period a year ago.Its...
Attika Group to list on SGX Catalist, raise S.6 million through placement shares
Attika Group to list on SGX Catalist, raise S$4.6 million through placement shares
October 30, 2024
COMMERCIAL interior decoration and mechanical, electrical and plumbing engineering company Attika Group is set to raise S$4.6 million in gross proceeds as it issues 21 million placement shares at...