Lifestyle

BlackRock taps into AI frenzy with two new ETFs
BlackRock taps into AI frenzy with two new ETFs
October 22, 2024
ASSET management giant BlackRock on Tuesday (Oct 22) launched two new exchange-traded funds (ETFs) aimed at giving investors exposure to the booming market for artificial intelligence. Generative AI, designed to...
Moody’s raises full-year profit forecast above estimates on strong product demand
Moody’s raises full-year profit forecast above estimates on strong product demand
October 22, 2024
RATINGS agency Moody’s raised its full-year adjusted profit forecast above Wall Street estimates and posted a nearly 31 per cent rise in third-quarter earnings on Tuesday (Oct 22), on...
UOI profit before tax down 2% to S.1 million amid fall in net insurance service and financial results
UOI profit before tax down 2% to S$22.1 million amid fall in net insurance service and financial results
October 22, 2024
Its insurance revenue is 14% up to S$79.4 million; other income is 8% higher to S$10.3 million UNITED Overseas Insurance (UOI) posted a profit before tax of S$22.1 million...
ASML chief sees US pressure building for more China restrictions
ASML chief sees US pressure building for more China restrictions
October 22, 2024
ASML Holding chief executive officer Christophe Fouquet expects pressure will grow from the US to further restrict sales of semiconductor technology to China, the biggest market for the Dutch...
France’s Wendel to acquire Monroe Capital for US.13 billion
France’s Wendel to acquire Monroe Capital for US$1.13 billion
October 22, 2024
The French company will also invest US$1 billion to support the US firm’s growth, which will retain its brand and continue to operate autonomously FRENCH investment company Wendel will...
China’s Horizon Robotics raises HK.4 billion in biggest Hong Kong IPO of 2024
China’s Horizon Robotics raises HK$5.4 billion in biggest Hong Kong IPO of 2024
October 22, 2024
CHINESE autonomous driving firm Horizon Robotics has priced its shares at the top of its range to raise HK$5.4 billion (S$913.4 million) according to a term sheet seen by...
Brokers’ take: OCBC initiates coverage on PropNex with ‘buy’
Brokers’ take: OCBC initiates coverage on PropNex with ‘buy’
October 22, 2024
OCBC Investment Research has initiated coverage on PropNex with a “buy” call and a fair value estimate of S$0.91. It anticipates that upcoming project launches in the second half...
Automakers are mired in first Europe sales slump in two years
Automakers are mired in first Europe sales slump in two years
October 22, 2024
CAR sales in Europe fell in September for the first consecutive monthly decline in more than two years as the region’s economy continued to stagnate and consumers trimmed spending.New...
Logitech raises full-year outlook as sales and profit expectations climb
Logitech raises full-year outlook as sales and profit expectations climb
October 22, 2024
LOGITECH International raised its full-year outlook after a strong performance and a growth in demand in the second quarter, the computer keyboard and mouse maker said on Tuesday (Oct...
Honeywell partners with Google to integrate data with generative AI
Honeywell partners with Google to integrate data with generative AI
October 22, 2024
HONEYWELL has signed a deal with Google to connect artificial intelligence (AI) technology with its industrial data, both companies said on Monday (Oct 21), with a view to offer...