Lifestyle

Exxon delivers US.2 billion second-quarter profit, raises output target
Exxon delivers US$9.2 billion second-quarter profit, raises output target
August 2, 2024
EXXONMOBIL on Friday (Aug 2) posted a better than expected US$9.2 billion second-quarter profit based on rising oil prices and volume gains from its purchase this year of shale...
Seatrium dives after Friday results release, pulling STI down 1.1%
Seatrium dives after Friday results release, pulling STI down 1.1%
August 2, 2024
Across the broader market, decliners beat advancers 422 to 199 as 1.3 billion shares worth S$1.7 billion are tradedSINGAPORE equities fell on Friday (Aug 2), as earnings reports moved...
Future offer for Great Eastern, if any, will be made in interest of OCBC: CEO Helen Wong
Future offer for Great Eastern, if any, will be made in interest of OCBC: CEO Helen Wong
August 2, 2024
She notes that the lender’s offer price of S$25.60 is ‘meaningful’, in that it represents a premium to most of the traded metrics of listed life insurance peersIF OCBC...
Singtel’s Philippine JV valuation doubles to US billion on Ayala and MUFG investments
Singtel’s Philippine JV valuation doubles to US$5 billion on Ayala and MUFG investments
August 2, 2024
Philippine conglomerate to raise stake in Mynt to 13%; Japan’s financial giant will acquire 8% stake GLOBE Fintech Innovations, otherwise known as Mynt, has secured new investments that have...
Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet
Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet
August 2, 2024
INTEL said on Thursday it would cut more than 15 per cent of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a...
Seatrium marks turnaround with H1 net profit of S million
Seatrium marks turnaround with H1 net profit of S$36 million
August 2, 2024
OFFSHORE and marine specialist Seatrium on Friday (Aug 2) marked its turnaround with a net profit of S$36 million for the first half ended Jun 30, reversing from a...
Amazon’s quarterly profit doubles as cloud business grows
Amazon’s quarterly profit doubles as cloud business grows
August 1, 2024
AMAZON reported on Thursday its profit in the recently ended quarter doubled to US$13.5 billion with the help of renewed momentum of its AWS cloud computing business.The e-commerce giant’s...
Frasers Hospitality Trust reports mixed RevPAR performance across markets in 9M FY2024
Frasers Hospitality Trust reports mixed RevPAR performance across markets in 9M FY2024
August 1, 2024
FRASERS Hospitality Trust (FHT) had mixed performance in revenue per available room (RevPAR) across its markets for the nine months ended June, indicated its business update on Thursday (Aug...
Hongkong Land posts H1 underlying loss of US million on non-cash provisions to China properties
Hongkong Land posts H1 underlying loss of US$7 million on non-cash provisions to China properties
August 1, 2024
PROPERTY developer Hongkong Land on Thursday (Aug 1) posted an underlying loss of US$7 million for the six months ended Jun 30, compared with an underlying net profit of...
US dollar climbs after Fed decision while pound slides as BOE cuts rates
US dollar climbs after Fed decision while pound slides as BOE cuts rates
August 1, 2024
THE US dollar rallied on Thursday (Aug 1) after falling the previous day as central banks continued to roil currency markets, while sterling fell to a four-week low after...